Deer Isle, ME Foreclosures
How much do homes sell for in Deer Isle, ME?
The average home price is currently $514,045.
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 $5,354,433.
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, ME, is a serene island retreat offering stunning ocean views and a close-knit community. Known for its outdoor activities and rich cultural heritage, Deer Isle is ideal for families and nature lovers alike. Experience the beauty and tranquility this picturesque location has to offer.
Current Market Conditions in Deer Isle, ME
The real estate market in Deer Isle has shown steady growth, driven by increased interest in island living, particularly among retirees and second-home buyers. Inventory is relatively low, leading to competitive bidding in some instances, particularly for waterfront properties.
With its scenic views and unique charm, Deer Isle continues to attract buyers looking for an escape from urban environments. As remote work becomes more prevalent, many people are considering this idyllic location for their primary residence.
Price appreciation over the last several years has been notable, and while the market encounters periodic fluctuations, Deer Isle remains a desirable destination for those seeking tranquility and natural beauty.
Home Value Estimator For Deer Isle, ME
There are currently 1,156 real estate properties
in Deer Isle, ME,
with a median automated valuation model (AVM) price
of $392,697.00. 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 $514,045.00, with the most expensive house
in Deer Isle, ME, topping out
at $5,354,433.00 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.
Learn more on Foreclosure homes
