Demand for single-family homes remains high across the state. Statistics shared by Maine Listings indicate a 7.34 percent increase in prices for July 2023 compared to July 2022, reaching a median sales price (MSP) of $380,000. The MSP indicates that half of the homes were sold for more and half sold for less. The number… Read more »
Posts By: Hannah Kutschinski
BROWN EARNS DISTINCTION AS REALTOR OF THE YEAR
Patti Brown, a successful real estate broker with Newcastle Realty for more than six years, was named the 2023 Realtor of the Year by the Lincoln County Council of the Mountains to Shore Board of Realtors in June. Her award was celebrated with a wonderful meeting and dinner at the Tugboat Inn, attended by other… Read more »
July 2023 Market Update
Though real estate inventory across the state remains low, a slight increase in home values suggest there are positive signs on the horizon. Statistics shared by Maine Listings show sold prices for homes increased 6.45 percent in June 2023 compared to June 2022, reaching a median sales price (MSP) of $385,000. The MSP indicates that… Read more »
June 2023 Market Update
Low for-sale inventory continues to hinder buying efforts across Maine. Statistics shared by Maine Listings show sold-prices for homes increased 6.57 percent in May 2023 compared to May of last year, with a median sales price (MSP) of $373,000. The MSP indicates that half of the homes were sold for more and half sold for… Read more »
May 2023 Real Estate Market Update
Due to low inventory and higher interest rates, homebuying efforts across Maine continue to struggle. Statistics shared by Maine Listings show a decrease of 30.53 percent for home sales in April 2023 compared to April 2022. Prices, however, increased 6.21 percent to a median sales price (MSP) of $367,500. The MSP indicates that half of… Read more »
NEWCASTLE REALTY BOOTHBAY HARBOR LOCATION CELEBRATES THIRD YEAR
Together with his staff of 18 REALTORs, Newcastle Realty owner Dennis Hilton is excited to be celebrating the start of their third year in their Boothbay Harbor office located at 14 Todd Avenue. Newcastle Realty has operated from Newcastle and Damariscotta for over 30 years, and this branch location shows the commitment Newcastle Realty has… Read more »
October 2022 Market Update
According to the Maine Association of Realtors, home prices seem to be stabilizing with sales of single-family homes remaining strong. The month of September saw sales of 1,890 single-family homes with a median sales price (MSP) of $330,000. The MSP indicates that half of the homes were sold for more and half sold for less…. Read more »
September 2022 Market Update
Statistics shared by Maine Listings indicate a decrease of 9.89 percent in sales for single-family homes across the state comparing August 2022 to August 2021. The median sales price saw an increase of 9.68 percent, reaching $340,000 over August of last year. The MSP indicates that half of the homes were sold for more and… Read more »
August 2022 Market Update
Though for-sale inventory remains low, home buyer interest persists across Maine. According to Maine Listings, 1,691 homes were sold statewide for the month of July, a decrease of 15.28 percent compared to July 2021. The median sales price (MSP) reached $354,000, an increase of 12.38 percent since this time last year. The MSP indicates that… Read more »
July 2022 Market Update
According to Maine Listings, sales of single-family homes in Maine saw a decline of 9.83 percent, presumably in response to rising interest rates. Compared to June 2021, the statewide median sales price (MSP) jumped 16.4 percent in June 2022 reaching $360,825. The MSP indicates that half of the homes were sold for more and half… Read more »
