Small rural Maine real estate markets, they rock and roll differently than urban ones.
Eight out of ten people live in a city, not all by choice. But given their druthers, many would rather be in a Mayberry small town setting. To own a spread like the Waltons and be tucked away on a mountain farm with the woodlot for income and heat source. The dirt to scratch to raise what they place farm to table to feed their families.
So when you and I watch the news, scan the headlines and the topic is the real estate market.
What we are told online and in the newspapers, magazines and trade journals concerning real estate does not translate so well to how things groove locally. The price tags on the local real estate in Maine is not loaded up with zero places. The property prices are lower to the ground in small rural Maine community real estate markets.
Part of the difference with the real estate market city and country mouse enjoy is simply financial based.
High priced markets support layers of players to keep them lubricated and the real estate listing inventory moving to successful property closings. Home owner associations (HOA) are not going to be a thorn in a local rural real estate market. In some swanky luxury locations near population centers, HOA's carry a big club.