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 »
Posts Tagged: featured property
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 »
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 »
Our Final Real Estate Market and Sales Update for 2020
Wow, what a year in Maine’s residential real estate market, which thrived during 2020 because of the COVID-19 pandemic. Statistics released recently by the Maine Association of Realtors and Maine Listings show a sales increase of 9.82 percent for all single-family existing homes sold during 2020. Values increased by double digits with the statewide median… Read more »
December 2020 Real Estate Market Update
Low for-sale inventory and high demand for Maine’s lifestyle has driven real estate sales and values into double-digit gains. Today, Maine Listings reported that 1,965 single-family existing homes changed hands in November—a rise of 31.17 percent compared to November 2019. Values also increased 20 percent to a median sales price (MSP) of $270,000, comparing November… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
December 2019 Real Estate Market Report
Maine single-family existing home values increased in November, while limited inventory led to a decrease in sales. According to Maine Listings, 123 fewer homes were sold in November 2019—a 7.59 percent decline from November of 2018. The statewide median sales price (MSP) hit $225,000, up 2.74 percent compared to November 2018. The MSP indicates that… Read more »
November 2019 Real Estate Market Report
The $224,900 median sales price of a single-family existing home in Maine in October 2019 was 4.6 percent higher than October 2018, according to data released by the Maine Association of Realtors. The MSP indicates that half of the homes were sold for more and half sold for less. Realtors also reported a record-breaking 1,845… Read more »
October 2019 Real Estate Market Report
Consumer confidence bolstered sales of single-family existing homes in Maine last month. The Maine Association of Realtors released statistics today showing an 11.01 percent jump in sales during September 2019 compared to September 2018. Statewide, the median sales price (MSP) in September increased 6.4 percent to $228,750 compared to September 2018. The MSP indicates that… Read more »
September 2019 Real Estate Market Report
Statewide August real estate sales indicate that 2019 is on track to earn a spot among record years for single-family Maine home sales. Statistics released today by the Maine Association of Realtors show a 3.19 percent rise in sales compared to August 2018. Prices are also rising; the statewide median sales price (MSP) increased 4.55… Read more »
August 2019 Real Estate Market Update
Sales of single-family existing homes in Maine remain stable and positive. Maine Listings today reported a 0.16 percent rise in sales comparing July 2019 to July 2018. The median sales price for the 1,866 homes sold in July reached $230,000, an increase of 2.22 percent compared to July 2018. The MSP indicates that half of… Read more »
July 2019 Real Estate Market Report
2019 YEAR-TO-DATE MARKET AND SALES UPDATE * Sales of single-family existing homes in Maine eased 7.18 percent comparing June 2019 to June 2018, according to Maine Listings. Values, however, increased 5.09 percent over that same time period to a median sales price (MSP) of $239,085. The MSP indicates that half of the homes were sold… Read more »
June 2019 Market and Sales Update
The single-family existing home market in Maine remains healthy as the summer sales season is in full swing. According to Maine Listings, Realtors reported selling 6.32 percent more homes in May 2019 compared to May 2018. The Median Sales Price for the state also jumped 4.59 percent to $230,000. The MSP indicates that half of… Read more »
May 2019 Real Estate Market Update
Maine Realtors report strong sales and rising home prices for April 2019. Maine Listings released statistics today indicating a 4.8 percent increase in sales of single-family existing homes (compared to April 2018). The median sales price rose 5.0 percent to $210,000. The MSP indicates that half of the homes were sold for more and half… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
March 2018 Market and Sales Update
Single-family existing home values in Maine continue to rise, and sales have remained in healthy territory. Maine Listings today reported that 822 homes changed hands in February, an increase of 5.93 percent compared to February 2017. The median sales price (MSP) for homes sold reached $194,450, up 8.03 percent, comparing February 2018 to February 2017…. Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
Does Homeowners Insurance Cover Water Damage and Roof Leaks?
Whether you’re dealing with a slow leak in the basement or a steady drip from a hole in the roof, water can wreak havoc on your home—and your bank account. Once the water recedes, one of the first questions you’ll have is whether your homeowners insurance covers water damage and roof leaks. Well, we have you covered with the answers… Read more »
Six Things You Don’t Want To Say When Selling
You know that expression about loose lips sinking ships? It holds true for selling your home as well. Sure, there are some things you have to disclose to buyers—such as if your home has lead paint or is located in a flood zone. But there’s plenty more you might feel like saying when you would be truly better off… Read more »
The Brokers’ Team at Newcastle Realty Welcomes Dean Jacobs
Long-time residents of Damariscotta may remember Dean Jacobs working at the Waltz Pharmacy Soda Fountain when he was a young boy, or behind the counter as a pharmacist in later years. Raised in this community, Dean has been an integral part, then and now, of his family’s business on Main Street. Still very passionate about… Read more »
The Home-Buying Process in 10 Simple Steps
Wouldn’t it be great if buying a home were as simple as playing a board game like Monopoly? All you’d have to do is find a desirable neighborhood, hand the bank a few bucks, and get your house. Of course, the home-buying process is more complicated in real life. We have put together the following list… Read more »
Featured Property – 49 Mills Road, Newcastle
This classic 1870’s Victorian has been well cared for and is situated on a corner lot that is just a short walk to downtown Newcastle and Damariscotta. The 2,500 square foot home offers nine rooms, including a formal living room with gas stove, a dining room, farmers kitchen, and study. There is a master bedroom… Read more »
