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Maine Waterfront Real Estate, time to buy?

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With the stock market in a free fall, the housing market doing its best to stay afloat, price reductions a plenty, is this a good time to buy Maine waterfront real estate?  With any situation there is never a simple answer, but the prices of some coastal maine homes has certainly caught my attention.  For under 500K you can now find a sweet, in many cases deep waterfront retreat in mid coastal regions such as West Bath, Phippsburg, Georgetown and Harpswell.  Can these prices drop further? Yes, but I just don’t see it happening.  The value is clearly there at these prices and when one purchase a 2nd home on the coast it is generally for the long haul so what are you waiting for?  Interest rates are low,  the economy needs you, us realtors need you, America needs you :)
For detailed housing statistics on many local Maine markets please visit the Maine community pages of MyMaineProperty.com

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