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 that half of the homes were sold for more and half sold for less.

Demand is being powered by historically-low mortgage interest rates combined with the allure of Maine’s quality of life and response to COVID-19 from across the country, while the supply of for-sale properties also remains historically low. With more buyers than sellers in most markets, we are seeing strong competition, faster sales, and increasing pricing. Typically, about 25 percent of home purchases in Maine are made by out-of-state buyers, and we’re seeing that percentage increase to around 33 percent. In September of 2019, Maine had 445 single family homes purchased by out-of-state buyers. In September 2020, that number was 735.

Across the country, sales also increased by double-digits. The National Association of Realtors reports that sales nationwide are up 21.8 percent comparing September 2020 to September 2019, and the national MSP reached $316,200 in September 2020—a rise of 15.2 percent over September 2019. In the regional Northeast, sales of single-family existing homes jumped 22.9 percent, and the regional MSP of $354,600 reflects a 17.8 percent increase.

Newcastle Realty has had an exceptionally strong sales year, despite the pandemic. As of the date of this report, our brokers have closed 168 transaction sides with a total volume of $48,943,365—up 57% over our Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $34,057,600 from 75 sides, and Drum and Drum Real Estate has sold $18,741,100 with 55 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (59), Boothbay (86), Wiscasset (75), Jefferson (64), Bristol (82), and Boothbay Harbor (59). Slightly fewer sales have happened so far this year in Dresden (30), Whitefield (32), Damariscotta (33), Newcastle (29), and Edgecomb (35). Towns seeing even fewer sales include Westport Island (22), South Bristol (33), Nobleboro (33), and Bremen (23). Just a handful of 2020 sales have occurred in Alna (12), Southport (13), Somerville (10), and Monhegan Island (2).

There are currently just 190 single-family homes for sale in Lincoln County (down from 203 in September), with 37 percent of those priced at or above $500,000. The 698 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (8%), $100,000-$249,999 (37%), $250,000-$499,999 (39%), $500,000-$999,999 (13%), and $1 million-plus (3%). Listing inventory remains super low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is 1.6 months (under $100,000), 1.8 months ($100,000-$249,999), 3.3 months ($250,000-$499,999), 6.1 months ($500,000-$999,999), and 15.4 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 10/22/2020.

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 sales increased 1.31 percent from last August.

The August statistics show strong demand for residential real estate in Maine. After the steep decline during the second quarter due to COVID-19, Maine’s Q3 positive sales to date have brought us nearly even to 2019 levels.

We are experiencing an historically low supply of homes for sale, 40 percent below a year ago. Demand is being fueled by all-time low mortgage interest rates, Maine households moving within the state, and an up-tick in out-of-state buyers seeking Maine’s quality of life and safety. In August of 2019, Maine had 482 single family homes purchased by out-of-state buyers. In August 2020, that number was 707.

The National Association of Realtors today reported an 11.0 percent increase in the sales of single-family homes nationwide in the past year. Prices for those homes rose 11.7 percent to $315,000. Regionally, sales in the Northeast increased 5.7 percent, while the regional MSP jumped 10.4 percent to $349,500.

Newcastle Realty has had a very strong first eight months of 2020, despite the pandemic. As of the date of this report, our brokers have closed 134 transaction sides with a total volume of $36,893,965—up 26% over our Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $25,349,100 from 59 sides, and Drum and Drum Real Estate has sold $14,221,500 with 44 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (50), Boothbay (74), Wiscasset (62), Jefferson (46), Bristol (65), and Boothbay Harbor (45). Slightly fewer sales have happened so far this year in Dresden (25), Whitefield (30), Damariscotta (28), Newcastle (24), and Edgecomb (29). Towns seeing even fewer sales include Westport Island (17), South Bristol (30), Nobleboro (27), and Bremen (20). Just a handful of 2020 sales have occurred in Alna (10), Southport (8), Somerville (8), and Monhegan Island (2).

There are currently 203 single-family homes for sale in Lincoln County (up slightly from 200 in August), with 36 percent of those priced at or above $500,000. The 652 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (9%), $100,000-$249,999 (40%), $250,000-$499,999 (37%), $500,000-$999,999 (12%), and $1 million-plus (2%). Listing inventory remains low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is 1.5 months (under $100,000), 2.0 months ($100,000-$249,999), 4.2 months ($250,000-$499,999), 8.4 months ($500,000-$999,999), and 16.2 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 09/22/2020.

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 that half of the homes were sold for more and half sold for less.

Maine’s midcoast real estate market was very active in July for a number of reasons. Maine’s quality of life, our nation-leading low COVID-19 metrics, and mortgage interest rates hovering at three percent and below, are contributing to very strong demand for residential real estate. The July statistics indicate pent-up demand from the initial drop-off impacts of the pandemic.

According to the National Association of Realtors, sales nationwide were up 9.8 percent in the past year. The national MSP rose 8.5 percent to $307,800. Regionally, single-family home sales in the Northeast eased 5.9 percent while the regional MSP increased 4.0 percent to $317,800 comparing July 2020 to July 2019.

Newcastle Realty has had a very strong first-half of 2020, despite the pandemic. As of the date of this report, our brokers have closed 97 transaction sides with a total volume of $24,988,565—up slightly from our same Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $18,943,100 from 43 sides, and Drum and Drum Real Estate has sold $10,004,500 with 29 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (43), Boothbay (54), Wiscasset (53), Jefferson (38), Bristol (45), and Boothbay Harbor (33). Slightly fewer sales have happened so far this year in Dresden (20), Whitefield (25), Damariscotta (18), Newcastle (17), and Edgecomb (24). Towns seeing even fewer sales include Westport Island (10), South Bristol (20), Nobleboro (20), and Alna (9). Just a handful of 2020 sales have occurred in Southport (7), Somerville (8), Bremen (14), and Monhegan Island (1).

There are currently 200 single-family homes for sale in Lincoln County (down from 207 in July), with 37 percent of those priced at or above $500,000. The 622 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (9%), $100,000-$249,999 (43%), $250,000-$499,999 (35%), $500,000-$999,999 (11%), and $1 million-plus (2%). Listing inventory remains low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is under one month (under $100,000), 1.4 months ($100,000-$249,999), 3.2 months ($250,000-$499,999), 10.5 months ($500,000-$999,999), and 13.9 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 08/21/2020.

July 2020 Real Estate Market Report

The number of sales of single-family homes in Maine is down slightly in June but prices remain on the rise. Realtors across the state sold 1,720 homes in June—78 fewer homes than a year ago – a 4.3% decrease compared to June 2019. The Median Sales Price (MSP) for homes sold in June reached $249,000, an increase of 4.15 percent compared to June 2019. The MSP indicates that half of the homes were sold for more and half sold for less.

As Maine navigates COVID-19, the real estate industry has adapted. The June statistics show improvement and indicate that sellers and buyers have adjusted to Maine’s health and safety protocols. The current market activity serves as an important catalyst for overall economic recovery. The housing industry provides employment for not just REALTORS®, but also lenders, appraisers, building inspectors, surveyors, title and closing agents, cleaning and yard maintenance providers, and building contractors. Many buyers make home improvements and upgrades, and their spending creates additional positive economic ripples throughout their communities.

Nationally, sales decreased 9.9 percent in June 2020 compared to June 2019. According to the National Association of Realtors, sales of existing homes across the country eased 9.9 percent, while the National MSP rose 3.5 percent in June to $298,600. Realtors in the regional Northeast reported a sales dip of 27.9 percent comparing June 2020 to June 2019, while the regional MSP increased 3.6 percent to $332,900.

Newcastle Realty has had strong first-half of 2020, despite the pandemic. As of the date of this report, our brokers have closed 79 transaction sides with a total volume of $19,226,065—up slightly from our same Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $12,769,200 from 31 sides, and Drum and Drum Real Estate has sold $8,258,500 with 23 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (35), Boothbay (37), Wiscasset (42), Jefferson (26), Bristol (32), and Boothbay Harbor (26). Slightly fewer sales have happened so far this year in Dresden (17), Whitefield (20), Damariscotta (16), Newcastle (13), and Edgecomb (18). Towns seeing even fewer sales include Westport Island (9), South Bristol (14), Nobleboro (17), and Alna (9). Just a handful of 2020 sales have occurred in Southport (5), Somerville (6), Bremen (9), and Monhegan Island (1).

There are currently 207 single-family homes for sale in Lincoln County (down from 278 in June), with 39 percent of those priced at or above $500,000. The 608 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (8%), $100,000-$249,999 (44%), $250,000-$499,999 (36%), $500,000-$999,999 (11%), and $1 million-plus (1%). Listing inventory remains low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is under one month (under $100,000), 1.8 months ($100,000-$249,999), 4.7 months ($250,000-$499,999), 11.2 months ($500,000-$999,999), and 31.1 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 07/22/2020.

June 2020 Real Estate Market Report

Sales of Maine’s single-family homes eased in May, due to effects from COVID-19 and limited supply; however, value and demand for available homes remained strong. According to Maine Listings, Realtors sold 21.34 percent fewer homes in May 2020, compared to May 2019. Prices continued to rise, with a median sales price increase of 3.43 percent to $237,900. The MSP indicates that half of the homes were sold for more and half sold for less.

We are seeing greater impact on supply and demand in Maine’s real estate markets due to COVID-19. For-sale inventory is extremely tight—28 percent below a year ago; statewide, the days on market statistic for May was 17. Since March, when COVID-19 arrived, days on market statistics are down an average of 30 percent. The brokers at Newcastle Realty are guiding buyers and sellers through this unique market to help them achieve their real estate needs, while following Maine’s CDC guidelines.

The National Association of Realtors reported that sales across the United States eased 24.8 percent and the national MSP increased 2.4 percent to $287,700 comparing May 2020 to May 2019. Regionally, sales in the Northeast fell 29.9 percent compared to last May. The regional MSP rose 7.8 percent to $327,900.

Newcastle Realty has had a strong start to this sales year, despite the pandemic. As of the date of this report, our brokers have closed 55 transaction sides with a total volume of $12,899,300—down slightly from our same Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $8,656,200 from 21 sides, and Drum and Drum Real Estate has sold $4,077,500 with 15 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (29), Boothbay (22), Wiscasset (32), Jefferson (20), Bristol (25), and Boothbay Harbor (20). Slightly fewer sales have happened so far this year in Dresden (13), Whitefield (17), Damariscotta (13), Newcastle (10), and Edgecomb (15). Towns seeing even fewer sales include Westport Island (9), South Bristol (10), Nobleboro (11), and Alna (8). Just a handful of 2020 sales have occurred in Southport (4), Somerville (6), Bremen (5), and Monhegan Island (1).

There are currently 278 single-family homes for sale in Lincoln County (up from 222 in May), with 35 percent of those priced at or above $500,000. The 594 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (8%), $100,000-$249,999 (44%), $250,000-$499,999 (36%), $500,000-$999,999 (11%), and $1 million-plus (1%). Listing inventory remains low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is 1.7 months (under $100,000), 2.5 months ($100,000-$249,999), 6.3 months ($250,000-$499,999), 12.3 months ($500,000-$999,999), and 30.4 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 06/22/2020.

May 2020 Real Estate Market Report

Despite a pandemic-fueled wane in the sales of single-family homes, values in Maine increased by double digits last month. According to Maine Listings, Realtors sold 194 fewer homes in April 2020 compared to April 2019, which is a decrease of 15.41 percent. The median sales price (MSP) jumped 12.29 percent to $235,800, compared April 2020 to April 2019. The MSP indicates that half of the homes were sold for more and half sold for less.

The April 2020 statistics show the beginning impact of the pandemic pause on Maine’s real estate sales. Because real estate transactions take 30-45 days to close, contracts written before the pandemic have likely now been completed. Recent statistics show that Maine’s for-sale inventory is down 19 percent compared to a year ago. Activity reported by Newcastle Realty brokers indicate that buyers are plentiful and multiple offer situations are prevalent due to historic low mortgage interest rates and the constrained inventory levels. Values remain strong.

Nationally in April 2020, sales decreased 15.5 percent compared to April a year ago. The National Association of Realtors also cited a rise in April’s home prices—7.3 percent—to a national MSP of $288,700. In April 2020, the regional Northeast experienced a sales dip of 18.2 percent, while the regional MSP increased 8.7 percent to $312,500 compared to April 2019.

Newcastle Realty has had a strong start to this sales year. As of the date of this report, our brokers have closed 43 transaction sides with a total volume of $10,784,000—down slightly from our same Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $8,471,200 from 20 sides, and Drum and Drum Real Estate has sold $3,715,500 with 13 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (20), Boothbay (17), Wiscasset (24), Jefferson (17), Bristol (20), and Boothbay Harbor (13). Slightly fewer sales have happened so far this year in Dresden (11), Whitefield (11), Damariscotta (8), Newcastle (10), and Edgecomb (9). Towns seeing even fewer sales include Westport Island (7), South Bristol (8), Nobleboro (9), and Alna (4). Just a handful of 2020 sales have occurred in Southport (3), Somerville (4), Bremen (3), and Monhegan Island (1).

There are currently 222 single-family homes for sale in Lincoln County (down slightly from 233 in April), with 36 percent of those priced at or above $500,000. The 618 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (9%), $100,000-$249,999 (46%), $250,000-$499,999 (34%), $500,000-$999,999 (10%), and $1 million-plus (1%). Listing inventory remains low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is 1.80 months (under $100,000), 1.82 months ($100,000-$249,999), 5.3 months ($250,000-$499,999), 12.4 months ($500,000-$999,999), and 27.0 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 05/22/2020.

Introducing Matterport 3D Virtual Tours

The COVID-19 Pandemic of 2020 has caused a significant adjustment to the way real estate is viewed, and bought and sold. The brokers at Newcastle Realty now follow important safety protocols and often meet with clients by phone and video chat. Paperwork and documents are signed electronically, and showings are conducted by video, or by adhering to certain distancing and disinfection standards.

In order to keep the real estate firm’s staff and clients safe while still being engaged in real estate, Newcastle Realty has continued to update their business practices in ways that support those goals. As a prime example of those efforts, Newcastle Realty has made a significant investment in Matterport, an industry leader in 3D Virtual Tour technology. 

“We have long partnered with Tyler Plummer at Maine Aerial Photography Services,” explains owner Dennis Hilton. “Tyler provides professional photos and videos of many of our property listings, and now we are working with him to offer exciting 3D Virtual Tours, detailed floor plans, and even measuring tools using sophisticated 3D mapping camera equipment.”

The Matterport 3D Virtual Tours allow a viewer to move through a home however they wish, from room Matterport Virtual Tours - Newcastle Realtyto room, and floor-to-floor, even outside onto patios and decks. It is easy to navigate and turn around to see the surrounding room features. The experience very closely resembles an actual visit to the home, but from the safety of the viewers’ remote location.

With over 20 agents, Newcastle Realty is one of the largest real estate firms in Lincoln County, serving hundreds of property sellers and buyers. While the impact of the Covid-19 virus has caused a slight slowdown in activity, their staff are still introducing new listings and placing properties under contract. Inventories are low and buyer demand remains strong, making this an excellent time to list your property for sale, even with the extra steps required for safety. Your Newcastle Realty broker is prepared to answer your questions and guide you through the process.

To learn more about how Newcastle Realty is using Matterport technology to assist clients and to market properties more effectively, please visit www.MyNewcastle.com and click on the Matterport 3D Virtual Tours button. Newcastle Realty is a member of the Cheney Financial Group, which also includes Cheney Insurance and Newcastle Vacation Rentals. They can be reached at (207) 563-1003.

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April 2020 Real Estate Market Report

February statistics released on March 20, 2020 by Maine Listings indicated a 5.75 percent increase in sales of single-family existing homes, comparing February 2020 to February 2019. The median sales price (MSP) for the 865 homes sold reached $216,900—an uptick of 8.45 percent over that same period. The MSP indicates that half of the homes were sold for more and half sold for less. Pre-pandemic February 2020 was an especially strong month for real estate sales, recording the second highest number of February sales (865) since statistics began being kept more than 20 years ago.

Nationwide, sales of single-family homes were up 7.3 percent when comparing February 2020 to February 2019. That National Association of Realtors reports that the national MSP has jumped 8.1 percent to $272,400. Regionally, sales across the Northeast increased 2.9 percent, and the regional MSP rose 8.2 percent to $295,400.

Concern for the health and safety of our clients and customers is paramount. With the Covid-19 outbreak, our broker staff has adapted quickly; we continue to list and show properties via phone or video. We can exchange information and execute contracts electronically. Interest rates remain low, and it is important to remember that real estate is still being transacted routinely—just differently. Reach out to us with any questions.

Newcastle Realty has had a good start to this sales year. As of the date of this report, our brokers have closed 31 transaction sides with a total volume of $6,769,000—down slightly from our same Y-T-D numbers in 2019. In comparison, the local Sotheby’s office has booked $5,767,700 from 14 sides, and Drum and Drum Real Estate has sold $2,805,500 with 10 sides. We are pleased to remain the leading real estate firm in our area.

Most of the year-to-date 2020 property sales locally have occurred in Waldoboro (18), Boothbay (15), Wiscasset (17), Jefferson (13), Bristol (15), and Whitefield (10). Slightly fewer sales have happened so far this year in Dresden (9), Boothbay Harbor (8), Damariscotta (7), Newcastle (6), and Edgecomb (5). Towns seeing even fewer sales include Westport Island (4), South Bristol (4), Nobleboro (4), and Alna (3). Just one or two 2020 sales have occurred in Southport (2), Somerville (2), and Monhegan Island (1).

There are currently 233 single-family homes for sale in Lincoln County (down from 317 in January), with 33 percent of those priced at or above $500,000. The 632 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (8%), $100,000-$249,999 (46%), $250,000-$499,999 (34%), $500,000-$999,999 (10%), and $1 million-plus (2%). Listing inventory remains low—it is a great time to sell and we are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes is 2.6 months (under $100,000), 2.1 months ($100,000-$249,999), 5.4 months ($250,000-$499,999), 11.2 months ($500,000-$999,999), and 21.9 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

  • Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 04/13/2020.

Our Plan to Serve You Throughout COVID-19 (Update)

At Newcastle Realty, our top priority is to keep our staff, clients, vendors, and community partners safe during the COVID-19 crisis.

On March 18, we closed our office to non-staff personnel and transitioned to meeting with clients via phone or video—many of our brokers were already working remotely. Today, we are moving all remaining support staff to work-from-home arrangements to help slow the spread of the virus.

While the way in which we are here to assist and serve your needs may look different, please be assured that we are adapting quickly to support our buyer and seller clients in creative ways. We are still here, and only a phone call, email, or video chat away.

You may still dial 207-563-1003 to speak with a duty broker or to leave a message for other staff. Additional broker contact info and property information can be found on our website. We will continue to walk clients through the purchase or sale of their home step-by-step, by phone, email, or video conference.

Property brochures and disclosures will be provided electronically, and transaction documents can be discussed over the phone and emailed for electronic signature. We can provide a virtual walk-through for you to view from the safety of your home, and we can deliver an opinion of value by video.

Given the evolving nature of the outbreak, we will be assessing the situation and adjusting our business practices on an ongoing basis and post updates as they become available.

Thank you for your understanding and cooperation as we navigate this difficult time. We appreciate your business and hope that you and your family remain healthy and safe!

 

Our Plan to Serve You Throughout COVID-19 (Coronavirus)

At Newcastle Realty, our top priority is to keep our staff, clients, and vendors safe during the COVID-19 crisis, as we look for ways to support others in our local community.

We are doing our part to reduce risk by closing our office to non-staff personnel effective March 18. If you need to meet with us, please do so via phone or video chat. While the way in which we are here to assist and serve your needs may look different, please be assured that we are still here, and only a phone call, email, or video conversation away.

You may still dial 207-563-1003 to speak with a duty broker or to leave a message for other staff. Additional broker contact info can be found here and you may still search for available properties on our website here.

Given the evolving nature of the outbreak, we will be assessing the situation on an ongoing basis and we will post updates as they become available. Thank you for your understanding and cooperation as we navigate this difficult time. We appreciate your business and hope that you and your family remain healthy and safe!