Addison, ME Foreclosures
How much do homes sell for in Addison, ME?
The average home price is currently $285,669.
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 $1,929,547.
What is currently the cheapest priced home in Addison, ME?
The cheapest home for sale in Addison is priced at $15,959.
Living in Addison, ME
Addison, Maine is a serene coastal town that thrives on community values and stunning natural scenery. With its picturesque views of Narraguagus Bay, it offers a peaceful lifestyle amidst charming surroundings. Outdoor lovers will appreciate the ample recreational activities available, from hiking and fishing to kayaking.
Current Market Conditions in Addison, ME
The real estate market in Addison is currently characterized by a slow but steady increase in property values, driven by demand for waterfront homes and increased interest in relocation to serene, rural areas. The charm of the coastline combined with low inventory makes this market competitive, especially for quality homes near the water.
In the last few years, Addison has seen a rise in vacation home purchases, impacting the availability and pricing of real estate in the area. Buyers are particularly drawn to the scenic views and fishing opportunities, which have become appealing to both seasonal and year-round residents.
Home Value Estimator For Addison, ME
There are currently 747 real estate properties
in Addison, ME,
with a median automated valuation model (AVM) price
of $205,500.00. 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 $285,669.00, with the most expensive house
in Addison, ME, topping out
at $1,929,547.00 and the cheapest home
in Addison, ME,
clocking in at $15,959.00. 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
