Scarborough, ME Foreclosures
How much do homes sell for in Scarborough, ME?
The average home price is currently $802,397.
In Scarborough, ME, how many homes are available?
There are currently 10 active home listings available in Scarborough.
What’s the average rental cost in Scarborough, ME?
The average rental price in Scarborough is $1,776.
What is the most expensive home in Scarborough?
The most expensive home sold in Scarborough had a price of $9,573,475.
What is currently the cheapest priced home in Scarborough, ME?
The cheapest home for sale in Scarborough is priced at $23,481.
Living in Scarborough, ME
Scarborough, ME, is a beautiful coastal town that features stunning beaches and a family-friendly atmosphere. With a strong sense of community and access to outdoor activities, residents experience a high quality of life. The area also boasts excellent schools and various local amenities, making it an ideal place to call home.
Current Market Conditions in Scarborough, ME
The real estate market in Scarborough has been experiencing steady growth, with an increasing demand for properties as more people are drawn to the area's coastal charm and excellent amenities. The town's picturesque scenery, combined with its proximity to Portland, has made it an attractive option for homebuyers, leading to competitive pricing and quick sales in recent months.
In the last year, Scarborough has witnessed an influx of buyers looking for vacation homes, especially as remote working opportunities have allowed more families to relocate to desirable coastal areas. The demand for single-family homes has surged, resulting in a rise in prices, whereas the market for condos and townhouses is also seeing increased interest.
Home Value Estimator For Scarborough, ME
There are currently 8,453 real estate properties
in Scarborough, ME,
with a median automated valuation model (AVM) price
of $663,310.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Scarborough, 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 Scarborough, ME,
is $802,397.00, with the most expensive house
in Scarborough, ME, topping out
at $9,573,475.00 and the cheapest home
in Scarborough, ME,
clocking in at $23,481.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Scarborough, ME!
Rent Prices
In Scarborough, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Scarborough, ME, is on
a rollercoaster ride. The
average rent price in Scarborough, ME,
is $1,776.00. Indeed, when looking to rent in
Scarborough, ME, you can expect to pay as little
as $890.00 or as much
as $3,000.00,
with the average rent median estimated to
be $1,790.00. The good news is that finding
an affordable and desirable property to rent in Scarborough, 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
