Market Conditions for Wells

By
Real Estate Agent with Ogunquit Sunrise Properties

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: 04090

Location 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 of Maine travel has to offer, such as, beautiful beaches, shops, anitque stores, restaurants and much more.

The town was a farming community, producing hay and vegetables. Other industries included shipbuilding and fisheries. In the 19th century, with the arrival of the railroad, the town's beautiful beaches attracted tourists. Many inns and hotels were built along the seashore. Today, tourism remains important to the economy.

Wells celebrated its 350th anniversary in 2003. The year-long celebration included a New Year's Eve party with fireworks, parade, a visit by the traveling Russian circus, concerts, historical reenactments, and more. The town commissioned a member of the celebration committee, Kristi Borst, to design a town flag. Her design portrays historic aspects of the Town's settlement and agriculture as well as the 2003 Town Hall and focus on tourism represented by a train. Also included is the motto she penned for the project: "Proud of our Past, Ready for our Future.

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Topic:
Real Estate Market Trends
Location:
Maine York County Wells Town Of Wells
Tags:
wells
realty times
real estate sales
bruce edgerly
ogunquit sunrise properties
ogunquit
maine
maine real estate
market conditions

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Welcome to your one-stop source for real estate services covering the Ogunquit, York and adjacent areas in Southern Maine.