Long Island, ME Foreclosures
How much do homes sell for in Long Island, ME?
The average home price is currently $657,784.
In Long Island, ME, how many homes are available?
There are currently 218 active home listings available in Long Island.
What’s the average rental cost in Long Island, ME?
The average rental price in Long Island is $1,516.
What is the most expensive home in Long Island?
The most expensive home sold in Long Island had a price of $2,418,659.
What is currently the cheapest priced home in Long Island, ME?
The cheapest home for sale in Long Island is priced at $184,676.
Living in Long Island, ME
Long Island, ME is a picturesque island community located in Casco Bay, renowned for its natural beauty and friendly atmosphere. Residents enjoy a range of outdoor activities, from boating to beachcombing, in a setting that feels miles away from the bustle of city life. With its charming homes and close-knit community, Long Island is truly a hidden gem.
Current Market Conditions in Long Island, ME
The real estate market in Long Island, ME, is currently warming up, with a strong demand for waterfront properties. This season has seen a rise in buyers looking for vacation homes, particularly those seeking a tranquil coastal lifestyle. The average price of homes has increased moderately as inventory remains tight, but there are still opportunities for both investment and residential purchases in this desirable area.
As the pandemic led many to seek remote living options, Long Island has become increasingly appealing. This shift in buyer behavior is expected to sustain interest and drive home values upward, aligning with trends for coastal assets in the New England region.
Home Value Estimator For Long Island, ME
There are currently 156 real estate properties
in Long Island, ME,
with a median automated valuation model (AVM) price
of $594,523.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Long 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 Long Island, ME,
is $657,784.00, with the most expensive house
in Long Island, ME, topping out
at $2,418,659.00 and the cheapest home
in Long Island, ME,
clocking in at $184,676.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Long Island, ME!
Rent Prices
In Long Island, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Long Island, ME, is on
a rollercoaster ride. The
average rent price in Long Island, ME,
is $1,516.00. Indeed, when looking to rent in
Long Island, ME, you can expect to pay as little
as $1,150.00 or as much
as $1,990.00,
with the average rent median estimated to
be $1,530.00. The good news is that finding
an affordable and desirable property to rent in Long 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.
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