Addison, ME Foreclosures
How much do homes sell for in Addison, ME?
The average home price is currently $299,416.
In Addison, ME, how many homes are available?
There are currently 1 active home listings available in Addison.
What’s the average rental cost in Addison, ME?
The average rental price in Addison is $1,054.
What is the most expensive home in Addison?
The most expensive home sold in Addison had a price of $1,939,717.
What is currently the cheapest priced home in Addison, ME?
The cheapest home for sale in Addison is priced at $19,152.
Living in Addison, ME
Addison, ME is a picturesque town along the Down East coast known for its beautiful waterfront and outdoor lifestyle. It offers a tranquil community atmosphere with abundant recreational activities such as boating, hiking, and fishing. Residents enjoy a close-knit community with nearby amenities in Machias providing additional services.
Current Market Conditions in Addison, ME
The real estate market in Addison is currently experiencing a steady growth trend with an increase in both demand and property values. The charming appeal of this coastal town is attracting buyers looking for vacation homes, as well as retirees seeking peace and tranquility. Homes in the area are selling well, often at or near the asking price, which indicates a healthy market.
Inventory levels have been relatively low, coupled with increasing interest from prospective buyers, resulting in a competitive atmosphere among those looking to purchase homes in the area. It appears that Addison is becoming increasingly popular, with new constructions and renovations indicating that the market is quite dynamic.
Home Value Estimator For Addison, ME
There are currently 656 real estate properties
in Addison, ME,
with a median automated valuation model (AVM) price
of $217,216.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Addison, 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 Addison, ME,
is $299,416.00, with the most expensive house
in Addison, ME, topping out
at $1,939,717.00 and the cheapest home
in Addison, ME,
clocking in at $19,152.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Addison, ME!
Rent Prices
In Addison, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Addison, ME, is on
a rollercoaster ride. The
average rent price in Addison, ME,
is $1,054.00. Indeed, when looking to rent in
Addison, ME, you can expect to pay as little
as $940.00 or as much
as $1,350.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Addison, 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.
Learn more on Foreclosure homes
