Newcastle Realty Enjoys a Strong Start to the 2018 Selling Season

In just the first seven weeks of 2018, the team of brokers at Newcastle Realty have already reached more than $5.5 million in real estate sales, according to Maine Real Estate Information System, Inc., more than any other firm in Lincoln County.

Company owner Dennis Hilton credits Newcastle Realty’s success to the energy, enthusiasm, and professionalism of his team of 14 brokers. He pointed out that Realtor Bill Byrnes is currently the #2 top producing agent in Lincoln County (based on a report generated on 2/20/2018), and another four Newcastle Realty agents are in the Top 20 (Dean Jacobs, Laura Blake, Debby Schling, and Debi Fox).

“The market is very busy right now,” says Hilton. With high demand and low inventory, Hilton urges anyone who is even contemplating selling this year to contact Newcastle Realty now to discuss options and strategies for marketing their property. “Don’t wait until everyone else decides to list their home for sale. By entering the market now, you have a limited opportunity to stand out from the crowd,” added Hilton. “We are showing properties every day, and helping to negotiate a number of purchase contracts right now.”

His team of professional brokers meet regularly to discuss the latest trends, and they utilize certain market data and metrics to offer the best advice and to get the best results for buyers and sellers. Visit www.MyNewcastle.com to learn more, or to request a copy of their latest Real Estate Market Report. Newcastle Realty is a locally-owned company located at 87 Main Street in Damariscotta. They can be reached at 207-563-1003.

Custom Contemporary on Pemaquid Lake offered by Newcastle Realty!

Relax in your spacious screened porch while viewing the nesting eagles and listening to the loons at… 15 Porcupine Ridge Road, Bremen.

Exceptional well crafted Pemaquid Lakefront home located on a large private lot with 200 feet of waterfront. This custom built home features many attractive amenities including chefs kitchen with large pantry, hardwood floors, radiant floor heat, and large heated workshop with private entrance. Just a short distance from your dock & float and a sandy beach available at the association waterfront nearby. Excellent rental history! MLS#1300952

 

Realtor Carmen Reed Brings Enthusiasm and Energy to the Newcastle Realty Team

A relatively new member to the Newcastle Realty team of professional real estate brokers, Carmen Reed’s enthusiasm and passion for helping people makes her a great fit with the firm. One of the things Carmen loves most about helping people buy and sell a home or land, is the process of getting to know
each person’s story and working through all the steps involved in making such an important life decision. 
 
Among her recent client experiences, Carmen has worked with a client who was wrestling with the difficult decision to sell a family home, another couple who were selling property to be closer to grandchildren, and others who are moving to this area from out of state. In each case, Carmen worked to develop a connection and commonality with her clients, helping them to navigate the real estate process. This variety and meeting interesting people is what excites Carmen about being in real estate.
 
Given the current market conditions of high buyer demand and a low supply of inventory, Carmen emphasizes how important it is to be informed and educated about the buying and selling process ahead of time. Being pre-qualified for financing is an important step that she can also assist with, so her clients are prepared to make an offer immediately to avoid losing out on a special property. 
 
Carmen chose to join Newcastle Realty because they are locally-owned and committed to supporting the surrounding communities. She recognized that company owner Dennis Hilton and his team of professional agents have created a number of cutting edge services to offer clients. Since joining the team, she has been encouraged to participate in local and regional Realtor organizations and has been exposed to numerous educational opportunities. She has been mentored by experienced agents and feels supported by the whole team of brokers at Newcastle Realty, which provides Carmen with a strong foundation in order to be successful in her role.
 
A native of Wiscasset, Carmen resides in Nobleboro with her husband Michael Prentice and their three sons, where they also operate Bayside Plumbing and Heating. Having previously served as executive director of the Damariscotta Region Chamber of Commerce, Reed has always loved being involved in her communities and sharing her passion for the local area with others. Along with being an advocate for her real estate clients’ interests, Carmen offers a wealth of personal knowledge that can help those new to the area with service providers, school system information, and ways to connect with others in the community.
 
Contact Carmen at Newcastle Realty’s office, 87 Main Street in Damariscotta at 207-563-1003, or on her mobile at 207-380-6613, or by email at carmenreed@cheneycompanies.com. To learn more about Newcastle Realty, please visit www.MyNewcastle.com.

December 2017 Market and Sales Update

Sales of single-family existing homes increased by double digits last month. According to Maine Listings, Realtors across the state sold 1,576 homes during November, which represents an increase of 11.46 percent from a year ago. The median sales price (MSP) for those homes rose 4.24 percent to $200,000. The MSP indicates that half of the homes were sold for more and half for less.

The National Association of Realtors reported a 3.2 percent national increase in sales of single-family existing homes across the country. The national MSP rose 5.4 percent to $248,800. Regionally, sales in the Northeast were up 6.7 percent and the regional MSP rose 4.0 percent to $273,600.

As of December 20, 2017, the brokers at Newcastle Realty have closed 160 transaction sides this year with a total volume of $36,572,950. Their current median sales price is $200,000.

By comparison, Drum & Drum Real Estate has posted 90 sides for $27,702,850 in volume and a current MSP of $243,500, and Farrin Properties has sold $9,090,174 with 72 sides and an MSP of $128,500.

Most of the 2017 property sales in the local area have occurred in Waldoboro (56), Jefferson (50), Wiscasset (64), Newcastle (26), Bristol (57), and Damariscotta (34). Strong pockets of activity are evident in Whitefield (27), and Edgecomb (33). The peninsula to our south is always reliable and Boothbay has had 64 sales in 2017, with another 43 in Boothbay Harbor and 11 in Southport. Nobleboro (25), and South Bristol (9) lag a bit behind other comparable Lincoln County towns, as do Westport (21), Bremen (9), Alna (9), Somerville (9), and Dresden (18).

There are currently 360 single family homes for sale in Lincoln County (down from 450 last month), with 27 percent of those priced at or above $500,000. The 566 residential sales that have occurred so far this year represent transactions in the range of under $100,000 (10%), $100,000-$250,000 (50%), $250,000-$500,000 (28%), $500,000-$1M (9%), and $1 million-plus (3%). The current market absorption rates for Lincoln County homes is 2.4 months (under $100,000), 7.3 months ($100,000-$250,000), 9.6 months ($250,000-$500,000), 17.1 months ($500,000-$1 million), and 19.7 months ($1 million and up).

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps their 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, who may be contacted at dennishilton@cheneycompanies.com or at 207-380-3435.

Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/17 through 12/20/17.

Featured Property-193 Lower Round Pond Road, Bristol

Broker Lorrie Zeiner of Newcastle Realty is pleased to offer this charming post & beam Cape located in the historic Bristol Mills!

Home is where the heart is and you will have to leave yours here! This home is perfect! Sellers have updated this c. 1790 home without spoiling- granite kitchen, polished wood and tile floors, a beautifully appointed master suite, and the frosting on the “Cape” is a new two story heated workshop just steps from your door. Enjoy the gorgeous perennials, apple trees and a fenced garden area with a charming shed.

This private, tranquil eleven acre lot is just minutes away from the popular Pemaquid peninsula which offers not only a fantastic seaside ambiance but  a public beach, light house and restaurants. The historic downtown Damariscotta is only a short 15 minute drive so you can enjoy a night at the Lincoln Theater, lunch or dinner at one of the many restaurants, shopping or take a river boat cruise!

You may also click here for more detailed information about this rare opportunity.

Featured Property-14 Boot Road, Bristol

Broker Lorrie Zeiner of Newcastle Realty is pleased to offer this cozy cottage in the woods a perfect all-season retreat in Bristol!

Read, write, paint or just relax! Enjoy the wildlife and nature that surrounds you while you sit in the sun room or your screened-in porch. The open kitchen-dinning-living room with island provides a great space for entertaining. You have two bedrooms and one full bathroom but if that is not enough for your guests, this property features a one-room studio that is ready for you to add your personal touch.

This three acre lot is just a mile away from the lovely Round Pond village which offers not only a fantastic seaside ambiance but  a public dock & landing, seafood market, general store, bakery and restaurants. The historic downtown Damariscotta is only a short 15 minute drive so you can enjoy a night at the Lincoln Theater, lunch or dinner at one of the many restaurants, shopping or take a river boat cruise!

The Pemaquid peninsula is the perfect place to be for just the summer months or anytime of the year.

You may also click here for more detailed information about this rare opportunity.

2017 Year-to-Date Market and Sales Update

A tighter-than-normal home inventory level led to a decrease in sales across Maine last month. Prices, however, remain in positive territory. According to Maine Listings, the median sales price (MSP) for a single-family existing home increased 4.20 percent to $206,000 comparing July 2017 to July 2016. Sales waned a slight 0.53 percent.

The National Association of Realtors announced that July sales nationwide were up 1.7 percent over one year ago. The national MSP of $260,600 represents a 6.3 percent price increase. Regionally, sales in the northeast eased 1.5 percent while the regional MSP rose 4.1 percent to $290,000.

As of August 28, 2017, the brokers at Newcastle Realty have closed 103 transaction sides this year with a total volume of $24,696,000—a slight increase over their same Y-T-D sales in 2016. Their current median sales price is $215,000.

By comparison, the local Sotheby’s office has sold $20,539,250 with 48 sides and an MSP of $330,000, and Drum & Drum Real Estate has posted 56 sides for $13,598,970 in volume, with a current MSP of $215,500.

Most of the 2017 property sales in the local area this far into the year have occurred in Waldoboro (41), Jefferson (36), Wiscasset (40), Newcastle (22), Bristol (28), and Damariscotta (23). Strong pockets of activity are evident in Whitefield (21), and Edgecomb (21). The peninsula to our south is always reliable and Boothbay has had 35 sales in 2017, with another 31 in Boothbay Harbor and nine in Southport. Nobleboro (18), and South Bristol (6) lag a bit behind other Lincoln County towns, as do Westport (12), Bremen (2), Alna (6), Somerville (3), and Dresden (12).

There are currently 550 single family homes for sale in Lincoln County (down from 557 last month), with 24% of those priced at or above $500,000. The 642 residential sales that have occurred in the last 365 days indicate a market absorption rate of 10.4 months, and represent transactions in the range of under $100,000 (13%), $100,000-$250,000 (50%), $250,000-$500,000 (26%), and $500,000+ (11%).

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keeps their 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, who may be contacted at dennishilton@cheneycompanies.com or at 207-380-3435.

Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/17 through 8/28/17.

Exciting Upcoming Real Estate Auction August 30th!

We are pleased to announce the upcoming owner-directed auction of 11 Totten Road in Gray, Maine — a full-service equestrian facility and farmhouse on 11.5 acres, just 20 minutes from Portland. Full auction details and photos can be seen at 11tottenroadgray.com. You may request a complete bidder’s package by emailing broker/auctioneer Dennis Hilton here.

Buyer’s brokers are welcomed and offered a 3% commission for bringing the winning bidder to the auction. An open house will be held on Wednesday, August 23rd, from 10am to 2pm, and the auction event will occur at the property on Wednesday, August 30th at 1pm.

About the property: New Boston Farm, a peaceful and private equestrian center just minutes from Route 95 and within 20 minutes of Portland, has been in operation since 1979. Featuring a 20 stall barn with attached 10,000 sf indoor riding arena with observation/judging area also includes tack room, grain room, hay loft and the accessibility for handicap riders. New Boston Farm is being sold as an operating farm with all intellectual property and is known for training, boarding and shows for the past 25 years. It also offers outside riding ring and show venue, paddocks and on-site parking for trailers.

The recently renovated 1830s antique cape offers approximately 1500 sf with 3 bedrooms, 2 baths. First floor features farmers porch entering into mud room with loft open concept country kitchen and dining area and two living rooms each with fireplace. The second-floor master suite consists of large open master bath with double vanity and Jacuzzi.

Property is nestled on 11.5 acres of wooded and cleared land it also contains detached two bay garage and large storage barn. Although 11 Totten Rd has been successfully operated as an equestrian center, the property offers many other potential opportunities such as open storage area, indoor and outdoor agricultural opportunities suitable for a wide range of farming.

Don’t miss out on this exciting opportunity!

Featured Property – 18 Perkins Road, Boothbay Harbor

Broker Laura Blake of Newcastle Realty is pleased to offer this spectacular spacious cape-style home that is in walking distance of beautiful downtown Boothbay Harbor.

Relax and enjoy the privacy on your covered front porch, back deck or your own gazebo! When you are refreshed take a leisurely stroll downtown where you find some of the most incredible dining and entertainment establishments in the region.

This 2,846 sq. ft. cape offers three bedrooms (first floor master with full bath), open studio, two full and two half baths, an eat in kitchen with stone counters, cherry cabinets and an built-in island. The living and dining rooms have gas fireplaces. The high quality interior finish will amaze you!

Boothbay Harbor is a wonderful enclave of summer and year round residents. 

You may also click here for more detailed information about this rare opportunity.

Featured Property – 115 Martin Point Road, Friendship

Broker Lorrie Zeiner of Newcastle Realty is pleased to offer this remarkable cape-style home on 8+ acres with water frontage and beautiful views of Hatchet Cove in Friendship.

Make lasting memories here–spend your long summer days swimming, boating or looking for sea glass along your very own beach!

Post and beam cape (c. 1989) offers three bedrooms (one on the first floor), two baths, an open kitchen/living room with glorious ocean views!

Bonus room over the garage would make great guest space or studio. The 8.62 acres allows for privacy and room to grow!

Martin’s Point is a wonderful enclave of summer and year round residents. Vacation rentals are very possible with this special place!

View a video of the property here. You may also click here for more detailed information about this rare opportunity.