Wells, ME Foreclosures
How much do homes sell for in Wells, ME?
The average home price is currently $601,895.
In Wells, ME, how many homes are available?
There are currently 4 active home listings available in Wells.
What’s the average rental cost in Wells, ME?
The average rental price in Wells is $1,678.
What is the most expensive home in Wells?
The most expensive home sold in Wells had a price of $15,565,855.
What is currently the cheapest priced home in Wells, ME?
The cheapest home for sale in Wells is priced at $20,541.
Living in Wells, ME
Wells, ME is a picturesque coastal town offering residents a unique blend of beach life and community charm. Known for its excellent schools, vibrant cultural scene, and access to various outdoor activities, Wells is an ideal location for families and retirees alike. The area is surrounded by beautiful parks, excellent dining options, and features quick access to beaches, making it a sought-after destination in Maine.
Current Market Conditions in Wells, ME
The real estate market in Wells, ME is thriving, showcasing a mix of seasonal vacation homes and year-round residential properties. Recently, there has been a surge in demand for homes in the area, leading to an increase in property values. Buyers are attracted to Wells for its coastal lifestyle, accessibility to beaches, and a friendly community feel, contributing to a competitive market.
Current trends indicate that multi-family homes and single-family residences are being snapped up quickly, often above asking prices due to high demand. Investors are also looking into vacation rental properties as the area attracts numerous tourists during the summer months.
Home Value Estimator For Wells, ME
There are currently 11,498 real estate properties
in Wells, ME,
with a median automated valuation model (AVM) price
of $496,233.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wells, 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 Wells, ME,
is $601,895.00, with the most expensive house
in Wells, ME, topping out
at $15,565,855.00 and the cheapest home
in Wells, ME,
clocking in at $20,541.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wells, ME!
Rent Prices
In Wells, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wells, ME, is on
a rollercoaster ride. The
average rent price in Wells, ME,
is $1,678.00. Indeed, when looking to rent in
Wells, ME, you can expect to pay as little
as $950.00 or as much
as $2,500.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Wells, 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
