Real estate sales remain steady, though the number of buyers continues to outpace for-sale inventory. Statistics shared by Maine Listings indicate a 1.66 percent increase for single-family homes sold in August 2024 compared to August 2023. The median sales price (MSP) reached $400,000 in August – a surge of 7.53 percent compared to this time… Read more »
Posts Tagged: Damariscotta
July 2024 Market Update
The Maine real estate market continues to fluctuate with the month of June seeing an increase in for-sale inventory and a decrease in number of sales transactions. Statewide sales totaled 1,291 transactions during June 2024, a decrease of 10.03 percent compared to this time last year. Statistics shared by Maine Listings report a current inventory… Read more »
LOCAL BUSINESS OWNER REACHES 40 YEAR MILESTONE
At their annual Selling Season Kick-Off Breakfast held at the Oysterhead Lounge in Newcastle recently, the 30-plus associates from Cheney Insurance, Newcastle Realty, and Newcastle Vacation Rentals gathered to honor their clients, to welcome spring, and to celebrate the success of their companies, which together make up the Cheney Financial Group. Area native Dennis Hilton… Read more »
April 2024 Market Update
Sales volume across the state continue to rise, with a total of 888 single-family homes sold in March 2024 – an increase of 3.5 percent compared to March 2023. The median sales price also increased, reaching $380,000, a surge of 12.59 percent compared to this time last year. The MSP indicates that half of the… Read more »
January 2024 Market Update
Maine continues to see a steady increase of qualified buyers while lack of inventory and current interest rates contribute to a lower-than-average number of real estate transactions. Statistics shared by Maine Listings indicate a 6.14 percent decrease in sales comparing December 2023 to December 2022. For that same time, the median sales price increased 6.21… Read more »
December 2023 Market Update
Maine continues to see a high number of qualified buyers across the state while for-sale inventory remains low. According to Maine Listings, 1,218 homes were sold during the month of November, a decrease of 5.51 percent compared to November of last year. The median sales price for homes sold last month jumped 9.23 percent compared… Read more »
Cheney Financial Group Recognizes Outstanding Service at Awards Dinner
In celebration of outstanding service, Cheney Financial Group (CFG) associates and guests recently gathered for the Annual CFG Awards and Recognition Event. Held at the 1812 Farm in Bristol, the well-attended event was hosted by Dennis Hilton, owner and CEO of the Cheney Companies. Comprised of Cheney Insurance, Newcastle Realty, and Newcastle Vacation Rentals, the… Read more »
Hilton Recognized as Business Person of the Year
Owner and Chief Executive Officer of Cheney Financial Group, Dennis Hilton, was recently recognized as Business Person of the Year by the Damariscotta Region Chamber of Commerce (DRCC). As described by the DRCC, individuals considered for this award can be counted on to ‘enhance the overall economic health of the region and well-being of the… Read more »
October 2023 Market Update
The availability of single-family homes remains lower than average with Realtors across the state reporting just 1,410 homes being sold in September 2023, a 25.4 percent decrease compared to September of last year. The statewide median sales price (MSP) increased 14.17 percent to $376,750. The MSP indicates that half of the homes were sold for… Read more »
September 2023 Market Update
Buyers across the state continue to be met with low inventory when searching for single-family existing homes. Comparing August 2023 to August 2022, statistics shared by Maine listings indicate an increase of 9.41 percent in home values while the overall number of sales dipped 18.77 percent. Month over month, sales volume increased 13 percent but… Read more »
August 2023 Market Update
Demand for single-family homes remains high across the state. Statistics shared by Maine Listings indicate a 7.34 percent increase in prices for July 2023 compared to July 2022, reaching a median sales price (MSP) of $380,000. The MSP indicates that half of the homes were sold for more and half sold for less. The number… Read more »
July 2023 Market Update
Though real estate inventory across the state remains low, a slight increase in home values suggest there are positive signs on the horizon. Statistics shared by Maine Listings show sold prices for homes increased 6.45 percent in June 2023 compared to June 2022, reaching a median sales price (MSP) of $385,000. The MSP indicates that… Read more »
June 2023 Market Update
Low for-sale inventory continues to hinder buying efforts across Maine. Statistics shared by Maine Listings show sold-prices for homes increased 6.57 percent in May 2023 compared to May of last year, with a median sales price (MSP) of $373,000. The MSP indicates that half of the homes were sold for more and half sold for… Read more »
May 2023 Real Estate Market Update
Due to low inventory and higher interest rates, homebuying efforts across Maine continue to struggle. Statistics shared by Maine Listings show a decrease of 30.53 percent for home sales in April 2023 compared to April 2022. Prices, however, increased 6.21 percent to a median sales price (MSP) of $367,500. The MSP indicates that half of… Read more »
NEWCASTLE REALTY BOOTHBAY HARBOR LOCATION CELEBRATES THIRD YEAR
Together with his staff of 18 REALTORs, Newcastle Realty owner Dennis Hilton is excited to be celebrating the start of their third year in their Boothbay Harbor office located at 14 Todd Avenue. Newcastle Realty has operated from Newcastle and Damariscotta for over 30 years, and this branch location shows the commitment Newcastle Realty has… Read more »
April 2023 Real Estate Market Update
Interest rates and lower-than-normal inventory led to a single-family existing home sales decline of 16.78 percent in March. According to Maine Listings, 858 homes changed hands last month, compared to 1,031 homes in March 2022. The median sales price for homes sold rose 3.85 percent to $337,500 comparing March 2023 to March 2022. The MSP… Read more »
March 2023 Real Estate Market Update
Availability of properties for sale continues to be an issue for buyers of single-family existing homes across Maine. According to Maine Listings, Realtors sold 708 homes last month—a dip of 19.4 percent from February 2022. Prices increased 10.7 percent in the past year, with data indicating a median sales price (MSP) of $329,250. The MSP… Read more »
February 2023 Lincoln County Maine Real Estate Update
Sales of single-family existing homes in Maine continue to be affected by rising mortgage interest rates and a smaller number of available homes for sale. Maine Listings announced a 34.99 percent sales decrease in January 2023, compared to January 2022. The median sales price (MSP) for homes sold in January 2023 reached $325,000, an increase… Read more »
December 2022 Market Update
Buyers of single-family existing homes across Maine are still encountering a lower-than-normal inventory of homes available for purchase. According to Maine Listings, 1,289 homes changed hands in November, a decline of 28.7 percent from November one year ago. The median sales price (MSP) for homes sold reached $325,000—up 8.3 percent from November 2021. The MSP… Read more »
November 2022 Market Update
2022 YEAR-TO-DATE MARKET AND SALES UPDATE * According to the Maine Association of Realtors, buyer demand remains healthy in Maine, while rising interest rates and tight inventory continue to affect the real estate market. Maine Listings reported a 7.79 percent rise in the cost for a single-family existing home, which reached a median sales price… Read more »
October 2022 Market Update
According to the Maine Association of Realtors, home prices seem to be stabilizing with sales of single-family homes remaining strong. The month of September saw sales of 1,890 single-family homes with a median sales price (MSP) of $330,000. The MSP indicates that half of the homes were sold for more and half sold for less…. Read more »
August 2022 Market Update
Though for-sale inventory remains low, home buyer interest persists across Maine. According to Maine Listings, 1,691 homes were sold statewide for the month of July, a decrease of 15.28 percent compared to July 2021. The median sales price (MSP) reached $354,000, an increase of 12.38 percent since this time last year. The MSP indicates that… Read more »
July 2022 Market Update
According to Maine Listings, sales of single-family homes in Maine saw a decline of 9.83 percent, presumably in response to rising interest rates. Compared to June 2021, the statewide median sales price (MSP) jumped 16.4 percent in June 2022 reaching $360,825. The MSP indicates that half of the homes were sold for more and half… Read more »
June 2022 Market Update
As for-sale inventory remains a limiting factor, home values continue to climb. Statistics shared by Maine Listings show the statewide median sales price (MSP) reached $350,000 in May 2022, an increase of 14.75 percent over May of last year. The MSP indicates that half of the homes were sold for more and half sold for… Read more »
May 2022 Market Update
Prices for single-family existing homes in Maine saw a jump of 25.36 percent in April 2022 compared to April of last year. Statistics shared by the Maine Association of Realtors indicated the sale of 1,143 homes in April 2022, a decrease of 20.90 percent over April 2021. The statewide median sales price (MSP) for homes… Read more »
April 2022 Market Update
The Maine real estate market is beginning to see a gradual return of for-sale single-family homes. Statistics shared by Maine Listings show a 21.48 percent sales decline in March 2022 compared to March 2021, due to an ongoing lack of for-sale inventory combined with increased buyer demand. 1,031 homes were sold statewide last month with… Read more »
March 2022 Market Update
Persistent buyer demand for Maine real estate combined with low for-sale inventory continues to fuel a competitive market, driving sale prices higher. According to Maine Listings, February 2022 sales declined 17.33 percent compared to February 2021, while the median sales price (MSP) increased 21.48 percent, reaching $297,500. The MSP indicates that half of the homes… Read more »
February 2022 Market Update
Maine real estate experienced another historic high for sales of single-family homes in the month of January. Though statistics shared from Maine Listings indicate a slight decrease of 7.2 percent in sales compared to January of last year, sales numbers are still experiencing the positive effects of COVID-19. Sales in January 2022 exceeded those of… Read more »
Newcastle Realty Celebrates with Staff Sales Awards
Company owner Dennis Hilton celebrated Newcastle Realty’s 2021 sales successes recently by presenting the following staff awards in a remote ZOOM company-wide gathering. Realtor Sara Rogers of Nobleboro was recognized as a two-time $2 Million Dollar Club member with her 2021 sales of more than $2.4 million as she handled almost a dozen transaction sides…. Read more »
January 2022 Market Update
Strong demand for single-family homes in Maine persisted for the full sales year of 2021. Statistics shared by Maine Listings indicated the statewide median sales price (MSP) reached $299,000 last year, showing an increase of 16.8 percent with the number of sales increasing 2.41 percent. The MSP indicates that half of the homes were sold… Read more »
December 2021 Market Update
While increased demand for single-family homes in Maine continues, for-sale inventory remains lower than usual. Data released by Maine Listings showed a slight sales decrease of 7.99 percent in November 2021 while prices increased 11.11 percent compared to November 2020. The median sales price (MSP) reached $300,000, compared to $270,000 in November of last year…. Read more »
October 2021 Market Update
Demand for single-family existing homes across Maine continues to surpass pre-COVID numbers. According to Maine Listings, while sales decreased 9.74 percent in September, prices jumped 16.92 percent. The median sales price (MSP) for the 2,067 homes sold last month reached $320,000. The MSP indicates that half of the homes were sold for more and half… Read more »
July 2021 Real Estate Market Update
Buyer demand continues to increase values of Maine’s single-family existing homes. Data shared by Maine Listings shows a statewide median sales price (MSP) of $310,000 in June—a 24.5 percent increase over June 2020. The MSP indicates that half of the homes were sold for more and half sold for less. Sales have also increased 14.71… Read more »
June 2021 Real Estate Market Update
The sale of single-family homes in Maine continues to surge by double digits. Data shared by the Maine Association of Realtors show the ownership transfer of 1,611 homes across the state for the month of May 2021, alone—a 28.32 percent increase over May 2020. Home values continue to be impacted by high buyer demand. The… Read more »
May 2021 Real Estate Market Update
The demand for single-family homes persists as highly-motivated buyers continue to pursue Maine real estate options. Statistics shared by Maine listings show a sales increase of 35.68 percent in April 2021 compared to April 2020. The statewide median sales price (MSP) reached $276,000 – a leap of 17.05 percent between this April and last. Maine’s… Read more »
March 2021 Real Estate Market Update
Despite the yearlong COVID-19 pandemic, the Maine real estate market continues to thrive. According to statistics provided by Maine Listings, the month of February 2021 indicated a sales increase of 22.77 percent compared to the previous year. The median sales price (MSP) for homes reached $244,900, which shows an increase of 12.91 percent from 2020… Read more »
Cheney Financial Group Recognizes Outstanding Service at Awards Dinner
Dennis Hilton, CEO of Cheney Financial Group, and Suzanne Strachan, President of Cheney Insurance, hosted the annual celebration dinner at The 1812 Farm. The spirit of cooperation, comradery, and team-work by the entire team of 35 CFG associates was recognized. CFG, comprised of Newcastle Realty, Cheney Insurance and Newcastle Vacation Rentals are the leading providers… Read more »
