Posts Categorized: Featured

April 2021 Real Estate Market Update

Home buyer demand persists in the Maine real estate market, with Realtors reporting 1,313 single-family home sales for the month of March alone—a jump of 16.81 percent over March 2020. Statistics shared by Maine Listings infer the statewide median sales price (MSP) reached $268,500, an increase of 17.79 percent comparing March 2021 to March 2020…. 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 »

March 2021 Real Estate Market Update

Despite the yearlong COVID-19 pandemic, the Maine real estate market continues to thrive. According to statistics provided by Maine Listings, the month of February 2021 indicated a sales increase of 22.77 percent compared to the previous year. The median sales price (MSP) for homes reached $244,900, which shows an increase of 12.91 percent from 2020… Read more »

February 2021 Real Estate Market Update

The demand for Maine’s real estate is stronger than ever with for-sale inventory at a historical low. Data shared by Maine Listings indicate the median sales price (MSP) for a single-family existing home in Maine rose 15.57 percent to $255,300 and sales volume jumped 18.38 percent comparing January 2021 to January 2020. The MSP indicates… Read more »

Our Final Real Estate Market and Sales Update for 2020

Wow, what a year in Maine’s residential real estate market, which thrived during 2020 because of the COVID-19 pandemic. Statistics released recently by the Maine Association of Realtors and Maine Listings show a sales increase of 9.82 percent for all single-family existing homes sold during 2020. Values increased by double digits with the statewide median… 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 »

August 2020 Real Estate Market Report

Sales of single-family existing homes continue to recover from the impacts of the early months of COVID-19; Maine Listings reports a sales jump of 12.43 percent in July 2020, when compared to July 2019. Values rose 10.83 percent to a median sales price (MSP) of $254,900, comparing July 2020 to July 2019. The MSP indicates… Read more »