Old Orchard Beach: The Summer Season is Hot For Real Estate
Aug 01, 2017 in Town Reports

Old Orchard Beach is nestled along the Saco Bay, as it nears the Atlantic Ocean, the waters ebb and flow and meet at Old Orchard beach! If you can get away from the water for a second and venture downtown, you will be surrounded by seaside entertainment, souvenir shops, and real estate! While browsing real estate in Old Orchard Beach you will find both oceanside vacation homes, or a ranch-style homes to call home year-round. Old Orchard Beach has remained a top vacation destination for families who are traveling up the East Coast. 

The Old Orchard’s Pier is in the heart of the downtown area. The 500-foot-long structure juts out in the chilly surf, offering many shops, eateries, and vendors. Take a look of all the excitement Old Orchard Beach as to offer in this video! Summer days are filled with the sound of festivals, and concerts. Every Thursday at 9:45, during the summer months, fireworks light up the pier. Although 4th of July has since passed, you can still catch some fireworks this summer. Whether you have spent the day on the pier, or came to check out the real estate in the area, you can end the night with an impressive fireworks show. The weekly fireworks burst in colorful displays as the glow of the pier reflects off the water. 

You can find a home in Old Orchard Beach around $300K, with the median closing price being around $225K. We are in the peak of the summer rental season although inventory is low. Rent per month on homes is rising to around $1,850. Ocean views are everything to buyers in this region. In 2016, 35 condos were sold with the median price of $340,000: all with great views of the water! 

Purchasing real estate in Old Orchard Beach gives you a great place to live, and you get to be at the perfect location from all the summertime excitement.

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