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.

Remarkable Custom Built Cape in Nobleboro offered by Newcastle Realty!

Remarkable opportunity to own this custom built cape that will accommodate a large family and many friends…

at 21 Nobleboro Woods Road, Nobleboro .

Very appealing with the curved cobble
stone path leading to the front door and the farmer’s porch protecting you from the elements. Nice lush lawn in the front and a buffer of trees in the back for privacy when relaxing on the huge deck. Entrance to tiled entryway from porch leads to kitchen and dining/living room. All floors are gorgeous wood and tile. Custom kitchen complimented by beautiful cabinets and modern appliances with a nice island between kitchen and dining area. Big living room could easily accommodate two separate living areas. Den could be utilized as first floor bedroom. Spacious laundry/bathroom on first floor. Second floor has 3 bedrooms and bath. Master has adjoining sitting area and two huge closets. The daylight walkout basement has recreation area and workshop area. Five minutes to downtown amenities and easy commute whether going north or south.

MLS#1351961

Greek Revival Cape in the Mills offered by Newcastle Realty!

Right in the heart of Damariscotta Mills…

at 27 Main Street, Nobleboro .

This Greek Revival Cape has been meticulously maintained and beautifully restored. Relax on the screened porch overlooking the large, sunny yard with dappled light and mature plantings. Many built-ins, period trim and original floors and windows. Carriage house has room for one car plus extra storage. Come be a part of this very special community right across the street from the famous fish ladder. Enjoy a peek of Great Salt Bay, swim, kayak or fish in Damariscotta Lake right up the road. Plus it’s just a quick drive into town. Rarely do such lovely homes in such a special location come on the market… don’t miss out! 

    

MLS#1362342

Rare Island Property Offers Bold Views, Privacy

We are pleased to offer this Heron Island seasonal vintage cottage with broad westerly and southerly views of the Damariscotta River, East Boothbay to the islands and ocean beyond.

Step back in time to simpler days when friends and family gather and create memories that last a lifetime. Property features 2 cottages, one with a fieldstone fireplace, kitchen, den, bedroom and full bathroom. A second cottage has a screened/glassed porch, open deck, bedroom and 1/2 bath. In addition, there is a workshop building and a utility building housing solar power.

Common summer colony island amenities include a common wharf, (one in Christmas Cove and the other on island), community well for potable water, recreation building (the “Casino”), tennis court and caretaker & ferry services.

Please contact listing brokers Debby Schling or Dennis Hilton for more information.

July 2018 Market and Sales Update

The Maine summer real estate season is in full swing. According to the Maine Association of Realtors, agents around the state sold 1,937 single-family existing homes in June 2018, an increase of 2.54 percent over June 2017. Home values experienced double-digit gains, with a 10.98 percent jump in the median sales price to $227,500. The MSP indicates that half of the homes were sold for more and half for less.

It’s been a strong year for much of Maine and inventory is moving quickly. The number of sales during the first six months of 2018 are nearly 2 percent ahead of the first six months of 2017, which was Maine’s best ever. In some areas of Maine, including the midcoast, the markets are tight—multiple offers are prevalent, and prices show upward pressure.

The National Association of Realtors today reported a national sales dip of 2.3 percent, while prices rose 5.2 percent to an MSP of $279,300. Regionally, home sales in the Northeast eased 4.0 percent over the past year and the regional MSP increased 3.3 percent to $305,900.

Newcastle Realty has had a strong first half of the 2018 selling season. As of July 23, 2018, our brokers have closed 82 transaction sides with a total volume of $19,201,701—just 2 percent less than our same Y-T-D sales in 2017. By comparison, Tindal and Callahan has posted 63 sides for $14,921,271 in volume, Drum and Drum Real Estate has sold $12,572,310 with 36 sides, and Sotheby’s Legacy Properties has booked $10,861,500 from 23 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 (79), Wiscasset (82), Boothbay (88), Boothbay Harbor (60), and Bristol (78). Slightly fewer sales have happened so far this year in Jefferson (60), Damariscotta (38), Edgecomb (38), Westport Island (34), Whitefield (29), Nobleboro (30), Dresden (19), and Newcastle (32). Towns showing less than two dozen sales include Bremen (20), South Bristol (16), Somerville (14), and Alna (10). Towns seeing just single digit sales are Southport (9), and Monhegan Island (2).

There are currently 446 single family homes for sale in Lincoln County (up one from 445 last month), with 30 percent of those priced at or above $500,000. The 601 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (12%), $100,000-$249,999 (50%), $250,000-$499,999 (27%), $500,000-$999,999 (10%), and $1 million-plus (1%).

The current market absorption rates for Lincoln County homes is 3.5 months (under $100,000), 5.6 months ($100,000-$249,999), 11.0 months ($250,000-$499,999), 19.3 months ($500,000-$999,999), and 51.1 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 1/1/18 through 7/23/18.

Seasoned Newcastle Realty Broker Team Celebrates 15 Years While Offering Specialized Services to Seniors

Bill Byrnes joined Newcastle Realty in 1998, back when the company still operated from the basement of the Newcastle Square building across the river. Two years later, Lee Simard became a Realtor and joined the same firm. It turns out that while traveling separate paths, both Bill and Lee had retired at about the same time, and moved to Pemaquid Point from the same state, Connecticut. Bill was previously employed as a crisis and mental health counselor, and Lee had a background as a financial services CPA. 

Having met as fellow brokers at Newcastle Realty, they developed an affinity for each other’s strengths as Realtors, their shared commitment to personalized service to clients, and in their respective senses of humor. Each discovered how their skill sets and interests complimented those of the other. So, they decided to become a team at a time when real estate teams were quite unusual.

Fast forward to today, the 15-year partnership of the dynamic Byrnes and Simard team has handled more than $90 million in Lincoln County real estate sales, representing more than 300 property transactions, all while continuously impressing clients with their dedication and professionalism.

Both Bill and Lee’s analytical backgrounds have helped them to be excellent listeners and communicators. They both feel strongly about developing face-to-face relationships. Taking the time to develop relationships built on integrity and trust, they pride themselves in being caretakers of people and their properties. Bill and Lee choose to not use “lockboxes,” preferring to personally attend every single real estate showing in order to receive and give their clients first hand feedback.

While they serve all client types and ages, Bill and Lee are most passionate about helping seniors with their important real estate decisions. Bill is recognized by the National Association of Realtors as a Senior Real Estate Specialist (SRES). Having direct knowledge of senior-related issues, both personally and in their previous careers, helps them to offer specialized solutions to older clients. Lee’s financial background allows him to help seniors be aware of possible tax issues and financing options, while remaining sensitive to age-specific goals and time frames. Bill’s career in counseling enables him to guide and empower clients, especially when faced with health issues, sensitive family matters, and those who need to create a well-thought-out transition plan. Both view themselves as senior advocates; advising and guiding clients to pre-plan, informing them how to protect themselves, and urging them to remain focused on what is in their best interests as they move forward.

 When asked about the long affiliation with their company, both Bill and Lee commended the quality and integrity behind the Newcastle Realty brand. Locally owned and invested in Lincoln County communities, Newcastle Realty has a strong team of full time brokers, Apprentice brokers, and Ambassadors who work well with each other. Company owner Dennis Hilton, a Damariscotta native, provides a strong infrastructure with coordinated online and social media marketing, a progressive advertising strategy, efficient technology and a highly visible “brick and mortar” Main Street office presence. This strong business support means that Bill and Lee are free to work on developing client relationships. Both complimented Hilton for his strong business ethics, his support of local organizations, and his leadership in the community.  

If you or someone you know is over age 55 and thinking about making a move or a change, consider talking to Bill Byrnes and Lee Simard. They are happy to answer your real estate questions and discuss options with you. Both can be reached at Newcastle Realty’s office, 87 Main Street in Damariscotta, by calling 207-563-1003. You can also contact them by emailingbillbyrnes@cheneycompanies.com or leesimard@cheneycompanies.com. To learn more about Newcastle Realty, please visit www.MyNewcastle.com.

5 Reasons Local Independent Firms are the Future of Real Estate

In recent years, the real estate industry has seen a rapid rate of mergers and acquisitions — but there’s also a countertrend where independent local brokerages are surging in popularity.

When it comes to realty companies, I’m proud to say local is better — and homeowners agree: In a survey of more than 3,000 U.S. homeowners, nearly 90 percent of consumers said they preferred working with an agent who was affiliated with an established local real estate company.

Separately, last year’s annual Real Trends 500 ranking of the top 500 U.S. residential real estate firms found indie brokerages represented by Leading Real Estate Companies of the World produced more than a quarter of the total sales units among the top 500 brokerages.

Here are the top five reasons indie brokerages like Newcastle Realty continue to distinguish themselves in a crowded field and demonstrate tremendous growth nationwide.

  1. Authenticity

Locally-owned brokerages are highly invested in the community where they do business and, as a result, earn a strong level of trust from consumers.

At Newcastle Realty, our owner was born and raised in Damariscotta and the company has been doing business in the surrounding communities for over 35 years—that’s a track record people can rely on. Our brokers know Lincoln County, Maine and everyone knows us. We feel that our firm and broker associates truly understand buyers and sellers of Maine real estate, what makes them unique and what drives their housing choices.

That’s why we’re best equipped to provide a high level of value to them. Today’s buyers and sellers are definitely looking at their housing choices through a lens that seeks ways to meet or enhance their lifestyle.

Being a local brokerage means we are intimately in touch with our communities and better able to understand and serve the needs of our clients well.

  1. Adaptability

Unencumbered by bureaucratic red tape or having to run things by a distant “headquarters,” indie brokerages are best positioned to respond to changes in market conditions faster than national players headquartered in other states.

Being able to leverage new marketing strategies more in line with local market conditions achieves better results for buyers and sellers.

When market conditions shift and new technology comes online, indie brokerages can make adjustments more quickly and say, “Here’s the data, and here’s the solution.” This is a huge benefit to consumers and agents.

  1. Neighborhood Intel

Consumers can find a plethora of data online about a home, but that isn’t enough. What they need is a local neighborhood expert to navigate the data points and distill what’s relevant, important and useful.

There are some terrific national agents, but when you combine local expertise with a local brokerage that’s focusing all of its energies in the community where you live, the result for the consumer is extraordinary.

The local agent knows the properties — inside and out — as well as how to apply the available data to help guide buyers and sellers in the best direction for them.

As each home is different and occupies a unique place in the world, so does each buyer and each seller have different circumstances. The local agent can put it all together and develop a customized plan that has the highest probability of success for the client.

  1. Culture of Giving

When a brokerage stays local and is committed to positively affecting its hometown, it’s demonstrating a belief in the value of the community and an investment in its success.

Newcastle Realty believes strongly in giving back to our community through philanthropic endeavors. For example, our Cheney Financial Group Chartitable Giving Committee has donated more than $200,000 to Lincoln County non-profits in just the last 10 years, plus donated hundreds of volunteer hours.

Colleagues working together toward a shared purpose can have a great positive effect on company culture. This seems especially true for younger agents.

A 2016 study found 64 percent of millennials consider a company’s social and environmental commitments when deciding where to work, and 88 percent said their job is more fulfilling when they have access to opportunities to have a positive social and environmental impact.

  1. Deep Bench of Talent

Talent is gravitating toward indie brokerages, and consumers gravitate to where the talent is. Over half (51 percent) of Realtors today are affiliated with an independent company, according to a National Association of Realtors (NAR) 2016 survey.

There’s definitely a groundswell of interest in indie brokerages. Top agents want brokerages with cultures that support collaboration, social giving and independence. And they are confident an indie brokerage will offer more financial stability.

Over half of real estate professionals say they felt more profitable as an independent. By generating and fostering talent, indie brokerages are built to succeed and built to grow. A great example of this is the Apprenticeship and Ambassadorship programs at Newcastle Realty. There’s never been a better time to be affiliated with or to work with an indie brokerage.

Consumers and agents alike are choosing firms with roots in the region where they want to live and work. Grounded in the community they serve, passionate about giving back and able to quickly mine multifaceted local data and marketing, it’s clear why indie brokerages like ours continue to be successful.

June 2018 Market and Sales Update

Sales of Maine’s single-family existing homes decreased 1.38 percent last month, due to limited market inventory. Prices, however, continued to rise; according to Maine Listings, the statewide median sales price (MSP) increased 9.95 percent to $219,900. The MSP indicates that half of the homes were sold for more and half for less.

Real estate firms across the state are experiencing steady business, with many markets reporting that multiple offers are prevalent due to tight for-sale inventory conditions. Statewide, we have 14 percent fewer homes for sale than a year ago, and 32 percent fewer than 2016. We’re seeing upward pressure on pricing in those markets due to the limited supply.

According to the National Association of Realtors, sales nationwide eased three percent over the past 12 months, while the national MSP rose 5.2 percent to $267,500. Regionally, sales in the Northeast decreased 11.7 percent and the MSP dipped 1.8 percent to $275,900.

Newcastle Realty has had a strong first half of the 2018 selling season. As of June 21, 2018, our brokers have closed 69 transaction sides with a total volume of $15,890,701—a 5 percent increase over our same Y-T-D sales in 2017. By comparison, Tindal and Callahan has posted 48 sides for $11,254,471 in volume, Drum and Drum Real Estate has sold $9,560,310 with 28 sides, and Sotheby’s Legacy Properties has booked $8,636,500 from 19 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 (74), Wiscasset (81), Boothbay (93), Boothbay Harbor (61), and Bristol (79). Slightly fewer sales have happened so far this year in Jefferson (59), Damariscotta (41), Edgecomb (36), Westport Island (31), Whitefield (32), Nobleboro (29), Dresden (24), and Newcastle (32). Towns showing less than two dozen sales include Bremen (18), South Bristol (17), and Somerville (14). Towns seeing just single digit sales are Alna (9), Southport (8), and Monhegan Island (2).

There are currently 445 single family homes for sale in Lincoln County (up from 374 last month), with 26 percent of those priced at or above $500,000. The 602 residential sales that have occurred in the past 365 days represent transactions in the range of under $100,000 (12%), $100,000-$249,999 (51%), $250,000-$499,999 (27%), $500,000-$999,999 (9%), and $1 million-plus (1%).

The current market absorption rates for Lincoln County homes is 3.9 months (under $100,000), 6.0 months ($100,000-$249,999), 11.1 months ($250,000-$499,999), 19.2 months ($500,000-$999,999), and 34 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 6/21/18.

Custom Contemporary on the Sheepscot River!

Experience the Maine way of life…

at 52 Falls Road, Newcastle.

When this local well known carpenter built this house not much was left to be desired. This private custom built contemporary cape on the Sheepscot River offers amazing features such as Corian counter tops, first floor Master bedroom with attached en-suit, soaring cathedral ceilings with a stunning massive stone fire place, radiant heat, attached 24×24 garage, separate 30×40 barn are just few. Entertain your summer nights on the large 10×46 cedar deck or sit on the rivers edge watching the sun set over the trees.

MLS#134430