It is a strong buyers market....If sellers want to or need to sell in this market it is important to know their bottom number, because that is where the buyers are going to come in with...Many sellers need to realize that there are buyers out there that still owe much on these properties and the buyer should have his/her agent do their homework and see what kind of mortgage is on the property before giving an offer....It doesn't do a buyer justice to come in with an offer less than what is owed on the property ...after all you want to make sure that you have a clear Title before closing... ZIP Code: 04090Location Characteristics: Wells is centrally located between Ogunquit and Kennebunkport Maine. It's the perfect location for a family vacation and experiencing all that Southern coast o... 02/23/2010

It is a strong buyers market....If sellers want to or need to sell in this market it is important to know their bottom number, because that is where the buyers are going to come in with...Many sellers need to realize that there are buyers out there that still owe much on these properties and the buyer should have his/her agent do their homework and see what kind of mortgage is on the property before giving an offer....It doesn't do a buyer justice to come in with an offer less than what is owed on the property ...after all you want to make sure that you have a clear Title before closing... ZIP Code: 04090Location Characteristics: Wells is centrally located between Ogunquit and Kennebunkport Maine. It's the perfect location for a family vacation and experiencing all that Southern coast o... 10/27/2009

June 2008 and buyers are still holding out........prices have come down and interest rates are still doing well...but buyers know that it is a buyers market and are expecting to benefit from it....Where many properties were selling 3 years ago 15% above assessed value...today properties are selling either at or just under the assessed value....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....Many 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 ... 06/27/2008

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... 03/31/2008

Market Conditions for Wells, MaineReported by Bruce Edgerly, REALTORUpdated October 23, 2007. Current Market Rating: 112345Buyer'sSeller'sCurrent Price Trend: 212345FallingRisingThough the market has gotten weaker in some areas...properties closest to the ocean are still moving...Summer of 2007 even exceeded that of 2006...Buyers are still looking and know that this is the time to be buying before the market bounces back to the sellers court. It is now fall 2007 and calls are still coming in which leads me to believe that 2008 should be even better. Though the market has dropped drastically in other states, Maine is holding its own and sales have increased since 2006. This is a very good sign for Southern Maine Real Estate. It appears that buyers are trying to lock in to their second ho... 11/04/2007