Old Orchard Beach, ME Foreclosures
How much do homes sell for in Old Orchard Beach, ME?
The average home price is currently $530,483.
In Old Orchard Beach, ME, how many homes are available?
There are currently 8 active home listings available in Old Orchard Beach.
What’s the average rental cost in Old Orchard Beach, ME?
The average rental price in Old Orchard Beach is $1,214.
What is the most expensive home in Old Orchard Beach?
The most expensive home sold in Old Orchard Beach had a price of $11,568,562.
What is currently the cheapest priced home in Old Orchard Beach, ME?
The cheapest home for sale in Old Orchard Beach is priced at $47,060.
Living in Old Orchard Beach, ME
Old Orchard Beach, Maine, is a picturesque coastal town renowned for its stunning sandy beach and lively atmosphere. A popular destination for families and tourists, the area offers a blend of amusement parks, local shops, and seafood eateries. With its ideal location just a short drive from Portland, residents enjoy both the tranquility of beach life and access to urban conveniences.
Current Market Conditions in Old Orchard Beach, ME
The real estate market in Old Orchard Beach has seen an increasing interest from both home buyers and investors, making it a competitive market this year. The popularity of the coastal lifestyle has driven up home prices, and the demand for vacation rentals continues to grow, offering excellent investment potential.
Currently, the market is characterized by a mix of single-family homes, cottages, and condominiums that appeal to a variety of buyers. As more people look for vacation homes and permanent residences in scenic beach towns, the prices are expected to remain strong, contributing to a robust real estate market in Old Orchard Beach.
Home Value Estimator For Old Orchard Beach, ME
There are currently 6,744 real estate properties
in Old Orchard Beach, ME,
with a median automated valuation model (AVM) price
of $470,039.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Old Orchard Beach, 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 Old Orchard Beach, ME,
is $530,483.00, with the most expensive house
in Old Orchard Beach, ME, topping out
at $11,568,562.00 and the cheapest home
in Old Orchard Beach, ME,
clocking in at $47,060.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Old Orchard Beach, ME!
Rent Prices
In Old Orchard Beach, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Old Orchard Beach, ME, is on
a rollercoaster ride. The
average rent price in Old Orchard Beach, ME,
is $1,214.00. Indeed, when looking to rent in
Old Orchard Beach, ME, you can expect to pay as little
as $860.00 or as much
as $2,390.00,
with the average rent median estimated to
be $1,230.00. The good news is that finding
an affordable and desirable property to rent in Old Orchard Beach, 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
