As everyone well knows the real estate market is insane. We live in a small seaside neighborhood about 8 minutes from Portland's Old Port. For the last 25 years our neighborhood has been extremely hot with most sales never even hitting a realtor.We bought our house word of mouth as did my Brother, who lives 100 yards from us.
The last three years have been absolutely absurd. We are now on our fifth complete tear-down/ rebuild on our street and a total of 11 in the neighborhood.. The most recent sold without a realtor and today the dumpster and excavator showed up. I suspect they paid at least 900k for it as that is what the one next to it sold for and it was smaller and never remodeled.It too was a complete wrecking ball sale .. The house they just tore down had recenyly undergone a 150k remodel. It was a classic Maine Shingle style home that was classic and beautiful... Sad to see these homes go...
The last three years have been absolutely absurd. We are now on our fifth complete tear-down/ rebuild on our street and a total of 11 in the neighborhood.. The most recent sold without a realtor and today the dumpster and excavator showed up. I suspect they paid at least 900k for it as that is what the one next to it sold for and it was smaller and never remodeled.It too was a complete wrecking ball sale .. The house they just tore down had recenyly undergone a 150k remodel. It was a classic Maine Shingle style home that was classic and beautiful... Sad to see these homes go...
