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Bruce Edgerly

Wells Market Analysis

It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...

Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....

It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....

It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.


ZIP Code: 04090

Location Characteristics: Wells is located in York County, and was the third town established in Maine, incorporated on July 5, 1653 from a portion of the town of Webbannet.

Named by Sir Fernando Gorges for the English city of the same name, Wells was first settled in 1641. It has the distinction of being the only Maine town not conquored during the various French and Indian wars between 1650 and 1730.

Its spectacular beaches have made it an attraction for centuries. Ogunquit, the resort community, was part of Wells until 1980.

The Rachel Carson National Wildlife Refuge consists of 3,600 acres of marsh and upland wildlife habitat. A mile-long trail (handicapped-accessible) offers vistas of the marshes and the ocean, plus many kinds of shorebirds, ducks, and geese. The trail begins at the refuge headquarters on Route 9 at the Wells/Kennebunk line.

The Wells National Research Reserve is an educational and research facility with 1,600 acres, 7 miles of trails that take you through old fields, woods, marshes and to the beach. During the summer there are guided tours, junior research programs and research projects on birds, the sea level and water.

County: York ~ School Dist/Dept: Wells-Ogunquit CSD ~ Senate District: 2 ~ House District: 147 , 149 ~ Congressional District: 1 ~ Population: 9400 ~ Area: 61.9 sq miles ~ Pop. Density: 163/sq mile ~ Longitude: W 70:37:34 ~ Latitude: N 43:19:39

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South Berwick Market Analysis

It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...

Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....

It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....

It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.


ZIP Code: 03908

Location Characteristics: South Berwick is a town in York County, incorporated on February 12, 1814 from a portion of Berwick.

It was settled in about 1624 at a time when the Indians were still living at Quamphegan Falls, dip net falls or the place where fish are taken in nets. Below the falls, the salmon were trapped using weirs.

The first sawmill in America was built on the Great Works River, a tributary to the Salmon Falls River, in 1650. Maine's oldest preparatory school, Berwick Academy, was established here in 1791. The Counting House of the Portsmouth Company, built about 1830, is the sole surviving building of the 19th century cotton mills in the town. Many other historic sites may be found throughout the community.

The town is accessible to the coastal communities of York and Kittery via Maine Routes 91 and 236.

County: York ~ School Dist/Dept: MSAD 35 ~ Senate District: 1 ~ House District: 146 , 148 ~ Congressional District: 1 ~ Population: 6671 ~ Area: 32.9 sq miles ~ Pop. Density: 208/sq mile ~ Longitude: W 70:44:45 ~ Latitude: N 43:14:32

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Scarborough Market Analysis

It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...

Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....

It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....

It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.


ZIP Code: 04074

Location Characteristics: Scarborough is a town in Cumberland County, settled in 1630 and incorporated on July 14, 1658 from the towns of Black Point and Blue Point, and nearby islands.

It is the birthplace of Maine's first governor and advocate for statehood, William King.

Winslow Homer lived and painted in Prout's Neck, a somewhat isolated peninsula that now is home to a bird sanctuary donated by the artist's brother, Charles. Homer's work is often featured at the Portland Museum of Art.

The town's fine beaches and the Scarborough Downs race track and off-track betting facility are attractions for many.

Scarborough Marsh, operated by the Maine Audubon Society, offers guided canoe trips, canoe rentals, bird walks and a museum and visitor center at Maine's largest salt marsh. The nearby Scarborough River provides recreational boating opportunities and open space.

A suburb of Portland, the rapidly growing community now ranks as tenth most populous in Maine according to the 2000 U.S. Census, up from 13th place in 1990, having grown almost 36 percent in ten years.

Scarborough is conveniently located in southern Maine, approximately 7 miles south of the City of Portland. It is just a short drive to Portland and the Maine Mall with easy access to the Maine Turnpike, Portland Jetport and now passenger rail service to Boston and points south. Scarborough is a diverse community with a commitment to the quality of life and the environment.

Scarborough offers lovely sandy beaches and the rocky coastline made famous by a local artist, Winslow Homer. The largest saltwater marsh in Maine is located within our boundaries along with Rachel Carson Wildlife lands.

We are a suburban community that offers open spaces, parks and recreational areas for our residents and visitors. We also have a balance with our commercial businesses. The newest area for businesses to locate in Scarborough is along the Haigis Parkway, located right at Exit 6 of the Maine Turnpike.

County: Cumberland ~ School Dist/Dept: Scarborough School Department ~ Senate District: 6 , 7 ~ House District: 127 , 128 ~ Congressional District: 1
Population: 16970 ~ Area: 54.0 sq miles
Pop. Density: 356/sq mile ~ Longitude: W 70:21:40
Latitude: N 43:34:54

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Saco Market Analysis

It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...

Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....

It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....

It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.


ZIP Code: 04072

Location Characteristics: Saco is a city in York County, settled in 1623 and organized as a town on July 5, 1653.

While some suggest the name derives from the Sokokis Indians of the area, others believe it is of Indian origin meaning the outlet. However, Lawrence Bond notes that Estaban Gomez, an early explorer, called it Bahia de Saco or Bay of the Sack in 1525.

In 1811 Saco Academy was founded after 37 Saco citizens petition the Massachusetts legislature to establish an academy in Saco. Later renamed in honor of benefactor Dr. Thomas G. Thornton, the school was destroyed by a suspicious fire in 1848 and was not reopened until 1889.

Goosefare Brook nature preserve is a 309-acre waterfront parcel purchased by the Nature Conservancy as an addition to the Rachel Carson National Wildlife Refuge.

One half of the Biddeford-Saco metropolitan area, the city has its own extensive beach and Ferry Beach State Park. Occupying the east side of the Saco River as it enters Saco Bay, the city is the eleventh largest community in Maine.

Situated between the modern conveniences of Portland and Boston lies the city of Saco. With long stretches of beautiful beaches, bustling fishing harbors, and a historic downtown shopping district, Saco is a wonderful place to visit. Saco and its sister city of Biddeford constitute the banking, service, and manufacturing centers of south coast Maine.

County: York ~ School Dist/Dept: Saco School Department ~ Senate District: 5 ~ House District: 133 , 134 ~ Congressional District: 1 ~ Population: 16822 Area: 38.8 sq miles ~ Pop. Density: 437/sq mile Longitude: W 70:27:17 ~ Latitude: N 43:32:14

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Ogunquit Market Analysis

It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...

Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....

It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....

It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.


ZIP Code: 03907

Location Characteristics: Ogunquit is a town in York County, incorporated on July 1, 1980 from a portion of the town of Wells, thus its early history is that of Wells.

Ogunquit was a village corporation and functioned for the most part as a town of its own, supporting its own police, fire, highway and sewer departments.

The town is a well known actors and artists colony, featuring the historic Ogunquit Playhouse and beautiful beaches.

Located on U.S. Route 1 and Interstate 95, the town is easily accessible from Boston and Portland.

Ogunquit offers a little something for everyone. The white sandy coast forms a beautiful cove that stretches for 3 miles, which contains 3 separate beaches, each with their own parking. Restaurants, lounges, gift shops, inns, hotels, motels and guest houses line the streets. And, for those interested in the arts, Ogunquit is well known for its artistic community; with its galleries, private studios and summer theatre.

County: York ~ School Dist/Dept: Wells-Ogunquit CSD
Senate District: 1 ~ House District: 149 ~ Congressional District: 1

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