Happy New Year!
We hope you had a nice holiday with your family and friends. My little girl Elena turned 1 on 12/22 with a party on 12/21, Winter Solstice. A nor’easter came through that day dumping 16″ of new snow. A fascinating sight for her. It was a magical time for us.
Attached is the November real estate figures from Maine Real Estate Information Services. Cumberland County faired better than the past few months with a decrease of 11.53% in total units sold from November ’07 and a median price drop of 9.68%. See attached report for more details. We also saw a decrease in interest rates this month to close to 5%. Home values are currently at 2003-2004 levels, coming down significantly from their high point. There is also a first time home buyer tax credit of up to $7,500 and low or no money down programs available for many people today, now is a great time to buy a home. So why are you or a friend/relative renting? Sellers be patient. There is a buyer out there for every home. It just takes the right price and time on the market. A recent listing took me 1 year to sell with only a $18,000 variation from what the seller listed it at 1 year ago.
Anne-Marie Mckenzie
Rosemary Fecteau PhD
Personal Service Beyond the Sale
Click Here To View The Latest Maine Housing Report
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