Interest rates and lower-than-normal inventory led to a single-family existing home sales decline of 16.78 percent in March. According to Maine Listings, 858 homes changed hands last month, compared to 1,031 homes in March 2022. The median sales price for homes sold rose 3.85 percent to $337,500 comparing March 2023 to March 2022. The MSP… Read more »
Posts By: Dennis Hilton
March 2023 Real Estate Market Update
Availability of properties for sale continues to be an issue for buyers of single-family existing homes across Maine. According to Maine Listings, Realtors sold 708 homes last month—a dip of 19.4 percent from February 2022. Prices increased 10.7 percent in the past year, with data indicating a median sales price (MSP) of $329,250. The MSP… Read more »
February 2023 Lincoln County Maine Real Estate Update
Sales of single-family existing homes in Maine continue to be affected by rising mortgage interest rates and a smaller number of available homes for sale. Maine Listings announced a 34.99 percent sales decrease in January 2023, compared to January 2022. The median sales price (MSP) for homes sold in January 2023 reached $325,000, an increase… Read more »
December 2022 Market Update
Buyers of single-family existing homes across Maine are still encountering a lower-than-normal inventory of homes available for purchase. According to Maine Listings, 1,289 homes changed hands in November, a decline of 28.7 percent from November one year ago. The median sales price (MSP) for homes sold reached $325,000—up 8.3 percent from November 2021. The MSP… Read more »
November 2022 Market Update
2022 YEAR-TO-DATE MARKET AND SALES UPDATE * According to the Maine Association of Realtors, buyer demand remains healthy in Maine, while rising interest rates and tight inventory continue to affect the real estate market. Maine Listings reported a 7.79 percent rise in the cost for a single-family existing home, which reached a median sales price… Read more »
Newcastle Realty Opens Boothbay Harbor Office
Together with his staff of REALTORs, Newcastle Realty owner Dennis Hilton is pleased to announce the opening of their new Boothbay Harbor office, located at 14 Todd Avenue. Newcastle Realty has operated from Newcastle and Damariscotta for over 30 years and this is their first branch location. “We are very happy to be strengthening our… Read more »
December 2020 Real Estate Market Update
Low for-sale inventory and high demand for Maine’s lifestyle has driven real estate sales and values into double-digit gains. Today, Maine Listings reported that 1,965 single-family existing homes changed hands in November—a rise of 31.17 percent compared to November 2019. Values also increased 20 percent to a median sales price (MSP) of $270,000, comparing November… Read more »
November Real Estate Market Update
Maine’s real estate sales are still crazy high—up by double digits. According to statistics released today by the Maine Association of Realtors, agents across the state sold 2,341 single-family existing homes last month (!)—a jump of 26.88 percent over October 2019. The median sales price (MSP) for homes sold reached $280,000, a 24.50 percent increase… Read more »
October 2020 Real Estate Market Report
With historically low interest rates and more buyers than sellers, sales of Maine single-family existing homes increased 22.78 percent comparing September 2020 to September 2019. According to statistics released by Maine Listings, the median sales price (MSP) for homes sold in September 2020 rose 19.56 percent to $273,500, compared to September 2019. The MSP indicates… Read more »
September 2020 Real Estate Market Report
Real estate sales in Maine continue a healthy, highly positive trajectory. The value of single-family existing homes jumped 17.4 percent comparing August 2020 to August 2019, reaching a median sales price of $270,000, according to Maine Listings. The MSP indicates that half of the homes were sold for more and half sold for less. Home… Read more »
