Spacious Custom Cape in Damariscotta!

Don’t miss making this your next family home…

at 66 Back Meadow Road.

Extended Cape privately sited, conveniently located and beautifully built by one of the area’s finest local builders. The home features an open concept kitchen/dining/living area, first floor master bedroom suite, den or office, three large bedrooms on the second floor and a huge family or entertainment room above the heated garage. Comfortable, sun-filled home with a mudroom, attached two car garage, tremendous space & potential in the basement. 

MLS#1409647

2019 Year-to-Date Market and Sales Update

Mirroring national statistics, sales of Maine’s existing single-family homes dipped in March. According to the Maine Association of Realtors, Realtors reported a 3.11 percent decline in sales last month with 1,120 homes changing hands—36 fewer than March of 2018. The median sales price for homes sold in March 2019 eased 0.94 percent to $210,000, down slightly from $212,000 in March 2018. The MSP indicates that half of the homes were sold for more and half sold for less.

For the fourth consecutive month, residential sales volume has shown decreases compared to figures from a year ago but are the third highest March sales volume during the past 17 years. Typically, with a decline in the number of sales, we’d see an increase in the for-sale inventory, but that’s not the case this month with sales down three percent and for for-sale inventory down five-and-a-half- percent. Buyers are in the marketplace but may not be finding the home that meets their needs due to the tight supply.

The National Association of Realtors released statistics showing a 4.7 percent decrease in sales nationwide for single-family existing homes, and an increase of 3.8 percent in the national MSP to $261,100 comparing March 2019 to March 2018. Home sales in the Northeast were down 1.5 percent and the regional MSP rose 2.5 percent to $277,500 over that same time period.

Newcastle Realty has had a good start to 2019. As of April 22, 2019, our brokers have closed 38 transaction sides with a total volume of $9,334,630—down slightly from our same Y-T-D sales in 2018. By comparison, Tindal & Callahan has booked $8,911,000 from 26 sides, and Drum and Drum Real Estate has sold $4,851,815 with 20 sides. We are pleased to remain the #1 real estate firm in our area.

Most of the year-to-date 2019 property sales in the local area have occurred in Waldoboro (25), Boothbay (20), Jefferson (17), Bristol (16), Boothbay Harbor (12), and Damariscotta (11). Slightly fewer sales have happened so far this year in Westport Island (7), Bremen (6), Wiscasset (7), South Bristol (7), Dresden (6), Edgecomb (5), Nobleboro (8), and Newcastle (7). Towns seeing just two or four sales are Alna (2), Southport (2), and Whitefield (4). Those that show one or no sales include Somerville (1), and Monhegan Island (0).

There are currently 263 single-family homes for sale in Lincoln County (up from 245 last month), with 33 percent of those priced at or above $500,000. The 635 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (9%), $100,000-$249,999 (49%), $250,000-$499,999 (30%), $500,000-$999,999 (9%), and $1 million-plus (3%).

The current market absorption rates for Lincoln County homes is 3.6 months (under $100,000), 2.6 months ($100,000-$249,999), 5.8 months ($250,000-$499,999), 11.7 months ($500,000-$999,999), and 26.2 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 1/1/19 through 4/22/19.

March 2019 Market and Sales Update

Sales of single-family existing homes in Maine eased slightly, while prices rose 2.85 percent comparing February 2019 to February 2018. The Maine Association of Realtors released statistics indicating a 0.49 percent decline in sales during the month of February 2019 compared to February 2018. The median sales price for the 818 homes sold statewide reached $200,000. The MSP indicates that half of the homes were sold for more and half sold for less.

Conversations with Realtors across Maine and a review of the statistics indicate that we may be shifting to a more balanced real estate market. Sales volume over the past few months has shown decreases compared to figures from a year ago. However, for-sale inventory continues to be tight—four percent lower than February of 2018. While slightly decreasing, the February 2019 data shows a comfortable pace—the third highest February sales volume since 2011.

According to the National Association of Realtors, sales across the country were down 1.4 percent while the national MSP of $251,400 represents a 3.6 percent increase. Regionally, sales in the Northeast increased 1.5 percent and the MSP rose 3.8 percent to $272,900.

Newcastle Realty has had a good start to 2019. As of March 22, 2019, our brokers have closed 25 transaction sides with a total volume of $5,760,130—down from our same Y-T-D sales in 2018. By comparison, Tindal & Callahan has booked $4,394,000 from 17 sides and Drum and Drum Real Estate has sold $3,023,500 with 14 sides. We are pleased to remain the #1 real estate firm in our area.

Most of the year-to-date 2019 property sales in the local area have occurred in Waldoboro (15), Wiscasset (10), Boothbay (15), Jefferson (10), and Bristol (11). Slightly fewer sales have happened so far this year in Damariscotta (8), Westport Island (5), Boothbay Harbor (8), Bremen (5), South Bristol (4), Dresden (5), Edgecomb (4), Nobleboro (6), and Newcastle (5). Towns seeing just one or two sales are Alna (2) and Whitefield (2). Those that have yet to show any sales include Southport, Somerville, and Monhegan Island.

There are currently 245 single family homes for sale in Lincoln County (down from 254 last month), with 32 percent of those priced at or above $500,000. The 620 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (9%), $100,000-$249,999 (49%), $250,000-$499,999 (31%), $500,000-$999,999 (9%), and $1 million-plus (2%).

The current market absorption rates for Lincoln County homes is 3.0 months (under $100,000), 2.6 months ($100,000-$249,999), 5.5 months ($250,000-$499,999), 11.3 months ($500,000-$999,999), and 26.4 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 1/1/19 through 3/22/19.

February 2019 Market and Sales Update

Home values are holding steady in Maine, while sales during the month of January 2019 declined compared to January 2018. According to Maine Listings, sales of single-family existing homes eased 12.9 percent last month, compared to January one year ago. Median sales prices (MSP), however, remain unchanged at $200,000. The MSP indicates that half of the homes were sold for more and half sold for less.

Time will tell how much of the January and rolling quarter decreases are attributable to the longest partial government shutdown in U.S. history, which ended on January 25th. The shutdown delayed or completely suspended some real estate transactions that were dependent on federal government-guaranteed loans.

The National Association of Realtors today announced a sales decline of 8.4 percent and an MSP increase of 3.1 percent to $249,400 comparing January 2019 to January 2018. The regional Northeast experienced a 1.4 percent decrease in sales, while the regional MSP rose 0.4 percent to $270,000 over that same time period.

Newcastle Realty has had a very good start to 2019. As of February 22, 2019, our brokers have closed 15 transaction sides with a total volume of $4,096,020—down from our same Y-T-D sales in 2018. By comparison, Tindal & Callahan has booked $3,204,000 from 9 sides and Drum and Drum Real Estate has sold $1,342,000 with 8 sides. We are pleased to remain the #1 real estate firm in our area.

Most of the year-to-date 2019 property sales in the local area have occurred in Waldoboro (7), Wiscasset (4), Westport Island (5), Boothbay (7), Jefferson (6), and Bristol (6). Slightly fewer sales have happened so far this year in Damariscotta (2), Boothbay Harbor (3), Bremen (4), Edgecomb (3), Nobleboro (5), and Newcastle (4). Towns seeing just one or two sales are Alna (2), South Bristol (1), and Dresden (2). Those that have yet to show any sales include Whitefield, Southport, Somerville, and Monhegan Island.

There are currently 254 single family homes for sale in Lincoln County (down from 314 last month), with 29 percent of those priced at or above $500,000. The 614 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (10%), $100,000-$249,999 (48%), $250,000-$499,999 (32%), $500,000-$999,999 (9%), and $1 million-plus (1%).

The current market absorption rates for Lincoln County homes is 4.0 months (under $100,000), 4.6 months ($100,000-$249,999), 7.5 months ($250,000-$499,999), 15.5 months ($500,000-$999,999), and 34.6 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 1/1/19 through 2/22/19.

Historic Glidden Street Home offered by Newcastle Realty!

Welcome home to the “Wee Hoose”…

at 15 Glidden Street, Newcastle.

This 1820 cape is located on historic Glidden Street and is a stones throw away from downtown Damariscotta. Enjoy area shopping or dine at local favorite pubs and restaurants! This four bedroom three and a half bathroom cape sits on the banks on the Damariscotta River. It offers a light filled eat-in kitchen, wide pumpkin pine floors, four season sun room and a studio apartment located in the basement with a separate entrance. This beautiful property is being sold fully furnished and is ready for you to call home or use as a rental property.

  

Waterfront Home on Christmas Cove offered by Newcastle Realty!

Enjoy mesmerizing views of Christmas Cove at 24 Prescott Road, South Bristol. “Port O’ Call,” a magical Christmas Cove year-round home features a large deck overlooking the cove, new kitchen with high end appliances, a glassed sun room and spectacular views from every room. On chilly days, cozy up to the stone fireplace while still keeping an eye on the cove. Completely renovated in 2013/14, including a new septic system and water filtration system. Small lot so you can spend your time enjoying summer activities or just relaxing on the deck. Perfect second home or full time home. 

Christmas Cove is a great destination for yachters as part of your east west passage in Maine’s Midcoast, on your way between Boothbay and Pemaquid Point. Truly a magical and picturesque place!

October 2018 Market and Sales Report

Realtors across Maine report healthy long-term activity in most markets, despite a dip in sales during September. According to Maine Listings, sales of single-family existing homes eased 5.14 percent comparing September 2018 to September 2017. The value of those homes, tracked statistically by the Median Sales Price (MSP), indicates a rise in home values of 3.75 percent to an MSP of $215,000. The MSP indicates that half of the homes were sold for more and half for less.

While the September sales numbers show a decrease statewide, the rolling quarter sales are up 3.4 percent and year-to-date sales are up 2.5 percent compared to 2017. Real estate values continue to show a strong positive trend.

Nationally, sales of single-family existing homes nationwide decreased 4.0 percent in the past year, and reports released today by the National Association of REALTORS show a 4.6 percent increase in the national MSP of $260,500. Regionally, sales in the Northeast declined 5.6 percent, while the regional MSP increased 4.1 percent to $286,200.

Newcastle Realty continues to have a strong 2018 selling season. As of October 19, 2018, our brokers have closed 134 transaction sides with a total volume of $33,508,201—up 8.2 percent over our same Y-T-D sales in 2017. By comparison, Sotheby’s Legacy Properties has booked $22,835,550 from 51 sides and Drum and Drum Real Estate has sold $20,754,865 with 62 sides. We are pleased to remain the #1 real estate firm in our area.

Most of the year-to-date 2018 property sales in the local area have occurred in Waldoboro (82), Wiscasset (76), Boothbay (64), Jefferson (43), and Bristol (68). Slightly fewer sales have happened so far this year in Damariscotta (33), Boothbay Harbor (37), Edgecomb (21), Westport Island (24), Whitefield (23), Nobleboro (25), and Newcastle (31). Towns showing around a dozen-plus sales include Bremen (15), South Bristol (18), Southport (14), Somervile (12), and Dresden (13). Towns seeing just single digit sales are Alna (4) and Monhegan Island (1).

There are currently 414 single family homes for sale in Lincoln County (down from 435 last month), with 30 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 (11%), $100,000-$249,999 (46%), $250,000-$499,999 (31%), $500,000-$999,999 (10%), and $1 million-plus (2%).

The current market absorption rates for Lincoln County homes is 4.4 months (under $100,000), 5.3 months ($100,000-$249,999), 9.0 months ($250,000-$499,999), 16.2 months ($500,000-$999,999), and 46.5 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 1/1/18 through 10/19/18.

September 2018 Market and Sales Update

Strong sales continue in Maine’s single-family existing home market. According to Maine Listings, REALTORS sold 2,072 homes in August, equaling a 5.88 percent sales increase compared to August 2017. The median sales price (MSP) for those homes increased 6.80 percent to $220,000. The MSP indicates that half of the homes were sold for more and half for less.

The fourth quarter is a strong time for real estate transactions. Currently, there are more than 10,000 active for-sale residential listings statewide, with more coming onto the market every day. Buyers and sellers want to be settled before the holidays and take advantage of any tax benefits prior to year’s end.

Nationally, sales dipped 1.0 percent over the past year, while the MSP increased 4.9 percent to $267,300. The regional Northeast experienced a 2.7 percent sales decrease, and the MSP rose 2.8 percent to $292,800. REALTORS across Maine report that the availability of for-sale inventory continues to slow prospective buyers, yet sales through the first eight months of 2018 are nearly four percent ahead of the same time period in 2017. To date, 2018 has been a banner year for real estate.

Newcastle Realty has had a strong 2018 selling season. As of September 21, 2018, our brokers have closed 121 transaction sides with a total volume of $29,385,201—up 3.6 percent over our same Y-T-D sales in 2017. By comparison, Tindal and Callahan has posted 98 sides for $31,469,771 in volume, Drum and Drum Real Estate has sold $18,554,665 with 57 sides, and Sotheby’s Legacy Properties has booked $17,431,050 from 41 sides. We are proud to remain a leading firm in Lincoln County.

Most of the year-to-date 2018 property sales in the local area have occurred in Waldoboro (71), Wiscasset (72), Boothbay (52), Jefferson (36), and Bristol (56). Slightly fewer sales have happened so far this year in Damariscotta (30), Boothbay Harbor (32), Edgecomb (19), Westport Island (21), Whitefield (21), Nobleboro (23), and Newcastle (27). Towns showing around a dozen-plus sales include Bremen (15), South Bristol (17), Southport (12), and Dresden (13). Towns seeing just single digit sales are Somerville (9), Alna (3), and Monhegan Island (1).

There are currently 435 single family homes for sale in Lincoln County (down from 456 last month), with 29 percent of those priced at or above $500,000. The 619 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (11%), $100,000-$249,999 (48%), $250,000-$499,999 (29%), $500,000-$999,999 (10%), and $1 million-plus (2%).

The current market absorption rates for Lincoln County homes is 3.6 months (under $100,000), 5.8 months ($100,000-$249,999), 9.6 months ($250,000-$499,999), 17.4 months ($500,000-$999,999), and 54.0 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 1/1/18 through 9/21/18.

Picturesque cottage in New Harbor offered by Newcastle Realty!

Dine or just unwind on the turreted front porch

at 154 State Route 32, New Harbor.

Picturesque, shingle-style cottage with unobstructed views of the ocean! Here is the all-season home you have dreamed about! Built to perfection with tile and wood floors, granite and soapstone counters, fieldstone fireplace and spectacular trim and finish work. Enjoy a bedroom and bath on both floors and  library off master upstairs. Full basement & two car garage offers great storage. Small waterfront lot across the street included, perfect spot to watch the boating activity coming in and out of the harbor. Walk to lunch and dinner at several locations close by. All of the amenities of the Pemaquid Peninsula, including beach and lighthouse, are just minutes away. Winter or summer, this home will make you smile!

MLS#1364958

August 2018 Market and Sales Update

Maine experienced solid gains in both sales prices and sales volume for single-family home sales during the month of July. Maine Listings reported that 1,864 homes changes hands last month—an increase of 9.65 percent from the same period last year—and the median sales price jumped 9.22 percent to $225,000. The MSP indicates that half of the homes were sold for more and half for less.

For-sale inventory is coming onto the market, but statewide we’re seeing 12 percent fewer homes for sale than a year ago. Pricing is related to these market forces; home prices continue to rise, which is an advantage for current homeowners looking to build equity, but rising prices can become an obstacle for first-time buyers. In some Maine markets, price gains are outpacing income growth because of consistently low for-sale inventory levels.

Nationally, sales dipped 1.2 percent in the past year. According to data released today by the National Association of Realtors, the national MSP increased 4.6 percent to $272,300 in July. The Northeast experienced a 1.5 percent sales decrease, while the regional MSP jumped 6.8 percent to $309,700.

Newcastle Realty has had a strong first half of the 2018 selling season. As of August 22, 2018, our brokers have closed 106 transaction sides with a total volume of $25,396,201—up 4.6 percent over our same Y-T-D sales in 2017. By comparison, Tindal and Callahan has posted 81 sides for $23,488,771 in volume, Drum and Drum Real Estate has sold $15,817,465 with 46 sides, and Sotheby’s Legacy Properties has booked $15,037,650 from 34 sides. We are proud to remain the #1 firm in Lincoln County.

Most of the year-to-date 2018 property sales in the local area have occurred in Waldoboro (60), Wiscasset (54), Boothbay (43), Jefferson (32), and Bristol (41). Slightly fewer sales have happened so far this year in Damariscotta (28), Boothbay Harbor (27), Edgecomb (18), Westport Island (20), Whitefield (15), Nobleboro (21), and Newcastle (22). Towns showing around a dozen sales include Bremen (13), South Bristol (13), Southport (10), and Dresden (12). Towns seeing just single digit sales are Somerville (9), Alna (3), and Monhegan Island (1).

There are currently 456 single family homes for sale in Lincoln County (up slightly from 446 last month), with 30 percent of those priced at or above $500,000. The 621 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (12%), $100,000-$249,999 (48%), $250,000-$499,999 (29%), $500,000-$999,999 (10%), and $1 million-plus (1%).

The current market absorption rates for Lincoln County homes is 2.9 months (under $100,000), 6.1 months ($100,000-$249,999), 10.3 months ($250,000-$499,999), 18.2 months ($500,000-$999,999), and 59.5 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 1/1/18 through 8/22/18.