Sorrento, ME Foreclosures
How much do homes sell for in Sorrento, ME?
The average home price is currently $693,335.
What’s the average rental cost in Sorrento, ME?
The average rental price in Sorrento is $966.
What is the most expensive home in Sorrento?
The most expensive home sold in Sorrento had a price of $7,765,223.
What is currently the cheapest priced home in Sorrento, ME?
The cheapest home for sale in Sorrento is priced at $111,739.
Living in Sorrento, ME
Sorrento, Maine, is a hidden gem along the coastline, offering stunning vistas and a tranquil atmosphere. This charming town boasts a strong sense of community with local events and a tight-knit populace. Close proximity to Acadia National Park provides ample outdoor recreational activities, making it an attractive destination for nature lovers and families alike.
Current Market Conditions in Sorrento, ME
The real estate market in Sorrento, ME, has shown resilience in the face of fluctuating trends. Recent data indicates a steady increase in property values, particularly for waterfront homes that are highly sought after. The area has attracted buyers seeking vacation homes, which has further driven demand in the market.
With seasonal fluctuations typical of coastal Maine, there has been a notable increase in investment properties and short-term rentals. The charm of Sorrento, coupled with proximity to popular tourist destinations, makes it a prime location for vacation rentals, contributing to an overall healthy real estate market.
Home Value Estimator For Sorrento, ME
There are currently 323 real estate properties
in Sorrento, ME,
with a median automated valuation model (AVM) price
of $504,679.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sorrento, 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 Sorrento, ME,
is $693,335.00, with the most expensive house
in Sorrento, ME, topping out
at $7,765,223.00 and the cheapest home
in Sorrento, ME,
clocking in at $111,739.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sorrento, ME!
Rent Prices
In Sorrento, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sorrento, ME, is on
a rollercoaster ride. The
average rent price in Sorrento, ME,
is $966.00. Indeed, when looking to rent in
Sorrento, 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 $950.00. The good news is that finding
an affordable and desirable property to rent in Sorrento, 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
