Bailey Island, ME Foreclosures
How much do homes sell for in Bailey Island, ME?
The average home price is currently $973,377.
In Bailey Island, ME, how many homes are available?
There are currently 229 active home listings available in Bailey Island.
What’s the average rental cost in Bailey Island, ME?
The average rental price in Bailey Island is $1,894.
What is the most expensive home in Bailey Island?
The most expensive home sold in Bailey Island had a price of $3,996,063.
What is currently the cheapest priced home in Bailey Island, ME?
The cheapest home for sale in Bailey Island is priced at $181,357.
Living in Bailey Island, ME
Bailey Island, Maine, is a serene coastal retreat known for its breathtaking ocean views and a strong sense of community. With various outdoor activities available, including hiking and kayaking, it’s perfect for nature lovers. The island offers a selection of local shops and restaurants, making it a charming spot for relaxation and exploration.
Current Market Conditions in Bailey Island, ME
The real estate market on Bailey Island has remained steady, with a modest increase in demand for coastal properties as more individuals seek vacation homes or year-round residences away from urban areas. Availability can be a challenge due to limited land and housing options; however, the attractiveness of the location continues to draw buyers looking for unique home investments.
Interest in Bailey Island has surged over recent years, making properties here highly sought after. Many buyers are drawn to the waterfront homes, which often provide picturesque views and quick access to recreational boating or fishing. As a result, homes have seen appreciation in value, presenting great investment opportunities.
Home Value Estimator For Bailey Island, ME
There are currently 216 real estate properties
in Bailey Island, ME,
with a median automated valuation model (AVM) price
of $834,415.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bailey Island, 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 Bailey Island, ME,
is $973,377.00, with the most expensive house
in Bailey Island, ME, topping out
at $3,996,063.00 and the cheapest home
in Bailey Island, ME,
clocking in at $181,357.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bailey Island, ME!
Rent Prices
In Bailey Island, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bailey Island, ME, is on
a rollercoaster ride. The
average rent price in Bailey Island, ME,
is $1,894.00. Indeed, when looking to rent in
Bailey Island, ME, you can expect to pay as little
as $1,380.00 or as much
as $2,610.00,
with the average rent median estimated to
be $1,870.00. The good news is that finding
an affordable and desirable property to rent in Bailey Island, 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
