I picked the ideal time ever to shift.
I really did. It was the very conclude of 2018, and the housing sector had quite effectively bounced back again from a ten years previously when the base fell out of the market. I missing my shirt on my previous house in Westbrook because of that. But, in 2018, I made out like a bandit when I bout the property I live in now. And the marketplace was nothing like suitable now.
When we were looking for properties in 2018, for some rationale I remember this variety quite plainly, there have been 32 houses. All in our rate assortment. Further than that, there were being an additional pair dozen properties on possibly facet. There was a good provide of houses to opt for from, all reasonably priced.
And then arrived the pandemic…
We all know what took place following that. Covid hit, and people today from out of point out began wanting to go away their significant metropolitan areas in droves and come up to Maine. This originally put individuals on the lookout to promote their properties in the driver’s seat. And then of class the entire industry took off, and Increase!
So how lots of homes do you consider there are?
I arrived across this short article in the BDN talking about Portland’s problem, and it got me asking yourself what the housing stock was like in this article, and if we had been accomplishing any better. And in accordance to my Realtor.com app, there are only 8 genuine turnkey homes in Bangor correct now. There are numerous a lot more “to-be-constructed” households and new construction, but only 8 real houses.
To be reasonable, that’s just in the city of Bangor.
Of course, you would department out if will need be. Whether it really is into Hampden or Hermon, or where ever, there are options. But then it will come back again to price tag. If I attempted to invest in my home once more correct now judging comps on the net, I might have to shell out $50k – $70K extra for this location. That appears ridiculous to me. But hey, I am just a massive dumb DJ.
This whole factor will all settle down sooner or later, but it is outrageous to look at from the outside the house. I am happy to have bought when I did and can just get pleasure from the fruits of my timing. I appreciate my property out in the woods. In actuality, I consider the backlot is contacting me and the dog proper now…
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