According to Mary Jane Kneisly, Broker and CoOwner of Coldwell Banker Tomlinson Associates in the LC Valley, “Our prices have been stable. We’re fortunate here. We haven’t had that runaway market like the big cities have.” This quote is taken from the cover story of Lewiston Morning Tribune’s Business Profile April 15, 2008.
She also suggests that our area homes are not overpriced, and that “A buyer isn’t going to be able to lowball a seller”, as the local MLS statistics show that our houses sell for 97% of list price on average.
According to several lenders in the area who publish daily rate sheets, our rates are the best ever, as low as 5.5% on a 15 year loans. Most of the activity that keeps our local market moving is from local folks that either need more acreage or outdoor space, more square footage, or a different distance to schools, medical, or shopping.
With low rates most people can buy more house for their buck, so why not move on up the property ladder?
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