Wells, ME Foreclosures
How much do homes sell for in Wells, ME?
The average home price is currently $591,818.
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 $14,315,761.
What is currently the cheapest priced home in Wells, ME?
The cheapest home for sale in Wells is priced at $20,246.
Living in Wells, ME
Wells, Maine, is a charming coastal town known for its beautiful beaches, picturesque landscapes, and vibrant community. The town offers a mix of outdoor activities, local shops, and delicious seafood dining options, making it a perfect spot for families and retirees alike. Wells is also conveniently located near larger towns like Ogunquit and Kennebunkport, providing easy access to additional amenities and attractions.
Current Market Conditions in Wells, ME
The real estate market in Wells, ME, has shown a steady increase in demand over the past year, driven by the desirability of coastal living and the town's family-friendly atmosphere. Home prices have generally appreciated as more people look to relocate or invest in vacation homes in this picturesque area. Supply has struggled to keep up with the heavy buyer interest, leading to competitive bidding situations on well-priced properties.
Compared to last year, Wells' market has become more competitive, especially in the single-family home sector. Buyers are eager to secure properties near the coast, and this has contributed to the rising prices we are seeing. Waterfront properties are particularly sought after, with many selling quickly as soon as they hit the market.
Home Value Estimator For Wells, ME
There are currently 10,664 real estate properties
in Wells, ME,
with a median automated valuation model (AVM) price
of $466,493.00. 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 $591,818.00, with the most expensive house
in Wells, ME, topping out
at $14,315,761.00 and the cheapest home
in Wells, ME,
clocking in at $20,246.00. 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
