Lubec, ME Foreclosures
How much do homes sell for in Lubec, ME?
The average home price is currently $273,554.
In Lubec, ME, how many homes are available?
There are currently 1 active home listings available in Lubec.
What’s the average rental cost in Lubec, ME?
The average rental price in Lubec is $885.
What is the most expensive home in Lubec?
The most expensive home sold in Lubec had a price of $2,425,500.
What is currently the cheapest priced home in Lubec, ME?
The cheapest home for sale in Lubec is priced at $29,404.
Living in Lubec, ME
Lubec, Maine, is a charming coastal town that offers beautiful ocean views and a rich maritime history. Known for its artistic community and quaint shops, Lubec provides a peaceful atmosphere for both residents and visitors. Outdoor activities abound, making it a perfect destination for nature lovers and those seeking tranquility.
Current Market Conditions in Lubec, ME
The real estate market in Lubec has shown resilience in recent months, with a steady demand for coastal properties. Many buyers are drawn to the area's tranquility and scenic beauty, which has driven up interest in homes, particularly those with ocean views. While inventory remains somewhat limited, the market is still competitive, especially in the warmer months when seasonal visitors increase demand.
Recently, we have seen an uptick in interest from potential retirees and remote workers seeking a quieter lifestyle. Properties that offer turn-key options or potential vacation rentals are increasingly popular, leading to a gradual appreciation in property values throughout the area.
Home Value Estimator For Lubec, ME
There are currently 732 real estate properties
in Lubec, ME,
with a median automated valuation model (AVM) price
of $221,043.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lubec, 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 Lubec, ME,
is $273,554.00, with the most expensive house
in Lubec, ME, topping out
at $2,425,500.00 and the cheapest home
in Lubec, ME,
clocking in at $29,404.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lubec, ME!
Rent Prices
In Lubec, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lubec, ME, is on
a rollercoaster ride. The
average rent price in Lubec, ME,
is $885.00. Indeed, when looking to rent in
Lubec, ME, you can expect to pay as little
as $770.00 or as much
as $1,350.00,
with the average rent median estimated to
be $780.00. The good news is that finding
an affordable and desirable property to rent in Lubec, 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
