Deer Isle, ME Foreclosures
How much do homes sell for in Deer Isle, ME?
The average home price is currently $462,667.
What’s the average rental cost in Deer Isle, ME?
The average rental price in Deer Isle is $883.
What is the most expensive home in Deer Isle?
The most expensive home sold in Deer Isle had a price of $4,953,408.
What is currently the cheapest priced home in Deer Isle, ME?
The cheapest home for sale in Deer Isle is priced at $30,940.
Living in Deer Isle, ME
Deer Isle is a charming island community located in Hancock County, Maine. Known for its beautiful coastlines and rich cultural heritage, the area offers a rural lifestyle with a strong sense of community. The island is renowned for its lobster fishing, art galleries, and scenic landscapes, making it a perfect retreat for nature lovers and those seeking tranquility.
Current Market Conditions in Deer Isle, ME
The real estate market in Deer Isle has shown resilience as it continues to attract buyers looking for unique properties in a serene setting. The demand for waterfront homes has remained strong, leading to competitive bidding in some cases. Current trends indicate an increasing number of visitors are considering permanent residency, as the allure of small-town coastal life becomes more appealing post-pandemic. As such, home values have appreciated steadily, particularly for homes with ocean views or access.
There has been a noticeable shift in buyer demographics, with an influx of remote workers seeking a peaceful environment without sacrificing modern amenities. Therefore, properties that offer a mix of rustic charm and contemporary features are highly sought after, pushing average prices upwards.
Home Value Estimator For Deer Isle, ME
There are currently 496 real estate properties
in Deer Isle, ME,
with a median automated valuation model (AVM) price
of $353,305.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Deer Isle, ME, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Deer Isle, ME,
is $462,667.00, with the most expensive house
in Deer Isle, ME, topping out
at $4,953,408.00 and the cheapest home
in Deer Isle, ME,
clocking in at $30,940.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Deer Isle, ME!
Rent Prices
In Deer Isle, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Deer Isle, ME, is on
a rollercoaster ride. The
average rent price in Deer Isle, ME,
is $883.00. Indeed, when looking to rent in
Deer Isle, ME, you can expect to pay as little
as $760.00 or as much
as $1,350.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Deer Isle, ME
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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