Who Would Have Thought? – E-Newsletter – Vol. 53

We are proud to present to you Volume 53 of our E-Newsletter. Here are a few highlights from President and Owner Chris Lynch’s update on the current state of Maine Real Estate:

“There has been a widespread reversal of the urbanization trend that dealt a blow to suburban living over the last decade. Maine is among many destinations nationwide that have experienced a significant surge in the demand for real estate.”

When people hear about low inventory, they aren’t necessarily able to appreciate how slim the inventory really is. There are several towns with 10 or fewer “Active” listings available for sale today.”

We continue to enjoy many special benefits that have grown in recognition and  importance to so many people who continue to work their way through the COVID-19 changes impacting all of our lives. Maine is blessed with low population density, low traffic, low crime, low COVID-19 incidence, 6,000 lakes and ponds, miles upon miles of Atlantic coastline, broadband internet, easy accessibility by car to all of the northeastern states, and an unparalleled outdoor lifestyle around which to work and play.”

Click the cover image above or here to read more about the current state of Maine Real Estate and to review some of our amazing properties.

Significant Sales 2020

If you have followed our social media, blog, and/or newsletter, you will know that we have experienced what seems to be an unprecedented pace of new buyers seeking a primary residence or seasonal property in our great state. The surge in buyer demand continues to outstrip the supply of new listings coming on the market. Although the new listing inventory is currently both at a seasonal and cyclical low point, we continue to source new listings each day.

If you are considering selling your home, we have a deep backlog of buyers for most properties and locations in Maine. I would urge you to contact me or one of our experienced agents to help you take advantage of this unique market opportunity.

Our Significant Sales for 2020 is just a sampling of the many great properties our team successfully closed during these complex and challenging times.

See our Significant Sales 2020

Home for Sale – 53 Church Street, Damariscotta, ME – $825,000

About 53 Church Street, Damariscotta, ME

This elegant village home, just two blocks from downtown Damariscotta, boasts Greek-Revival period woodwork, original wide-plank pumpkin pine floors and 9′ ceilings. The original Shipwright House of 1850 has been meticulously maintained and offers warmth and charm throughout. A formal living room features a soapstone-clad wood burning stove, custom window treatments and period light fixtures. A three story addition of 2009 features custom interior and exterior moldings and trims matching the original structure, a spacious family room with custom built-in gas fireplace and a first floor bedroom w/ full bath. Enjoy cooking your favorite meals in this beautifully remodeled Chef’s kitchen with leather-finish granite countertops, professional (dual fuel) Wolf 6 burner gas stove top and oven, designer cabinets and butler’s pantry. Wonderful basement storage for wine enthusiasts. This eleven room home also offers a a well-lit office space with built-ins for those needing to work remotely, an exercise room, a heated two car garage and adjoining workshop with raised insulated floor plus plenty of storage. Property is professionally landscaped with stone retaining walls and a low maintenance Timber-Tech deck where you can offer outdoor entertaining. A short walk to charming Damariscotta village lined with restaurants, coffee shops, theater, library and local retailers…where everyone knows your name.

Click for More Information on this beautiful Damariscotta Maine Real Estate Listing.

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Home for Sale – 40 Sandpiper Cove Road, Yarmouth – $795,000

1. Single Family Homes for Sale at Yarmouth, ME 04096

About 40 Sandpiper Cove Road, Yarmouth

Get your kayaks ready for summer to enjoy the deepwater dock as a part of Sandpiper Cove neighborhood association. This 3 bedroom, 2.5 bath contemporary home is nestled on a private 2+ acre wooded lot. Oversized windows and sliding doors allow the sunlight to pour in throughout the home. Updated spacious master bath is attached to a large primary bedroom.Take advantage of the outdoors walking, biking, boating and swimming off the dock in this desirable neighborhood.

Click for More Information on this beautiful Yarmouth Maine Real Estate Listing.

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Home for Sale – 18 Main Street, South Freeport, ME – $549,000

About 18 Main Street, South Freeport, ME

It really is all about the location, isn’t it? A classic New England cape in picturesque South Freeport Village awaits your loving touch. Steps to Harraseeket Harbor and a short walk to the Yacht Club. You can walk to get a lobster roll for lunch, then hop on your boat for a trip to the islands. South Freeport is a short drive to Portland, Brunswick, and only 40 minutes to Augusta. This home may be the last in the Village with many original features. Wide pine floors throughout, original woodwork and many chances to make the changes you want. This home has the space and the site that is waiting for someone to come in and give it the makeover it so richly deserves. The first floor offers a good working kitchen, large dining room with an original fireplace, and both a living room and a den. But don’t forget the option of a first floor bedroom and the full bath! So many different room layouts are available, as you’re doing renovations to make this home your own. Upstairs you’ll find an additional 3 bedrooms and ½ bath tucked into the eaves of the original cape. The large barn is a blank slate waiting for you to revive it. Garage? Living space? Storage? After more than 70 years with the same owner, this home is now ready for your new ideas!

Click for More Information on this beautiful Freeport Maine Real Estate Listing.

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Condo for Sale – 71 Wallis Road 1, Rye, NH – $495,000

About 71 Wallis Road 1, Rye, NH

Hear and smell the ocean, and even catch a glimpse of it from this Rye, New Hampshire condominium located 1/3 mile from the beaches. Live the active life in this oceanside community with running trails, bike paths, beaches, restaurants and shops. This contemporary two bedroom/1.5 bath unit is townhouse style. Direct entry from the attached garage takes you to an entryway/mudroom with slate floors. Up the stairs and to your left is a bonus room perfect for an office or storage. Upon reaching the open concept main living area is 1) a kitchen with bar height island, plenty of cabinets, and granite countertops, 2) dining area across from a hearth with floor to ceiling stone tile work, 3) a large living room with plenty of space to relax and entertain, 4) a half bathroom with laundry and 5) a balcony with room for two. The third story has two bedrooms and full bath. The condominium has a huge shared back yard – close to an acre – with a delightful stone fire pit. There is plenty of parking. Perfect for your getaway to the beach or year-round living. Dogs are allowed with the permission of the condominium association. This is too special to miss and of course, move in before the summer!!

Click for More Information on this beautiful Rye, New Hampshire Real Estate Listing.

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Home for Sale – 100 Spencers Ridge Road, Freeport, ME – $1,750,000

About 100 Spencers Ridge Road, Freeport, ME

A private 56 acre oasis to enjoy as is, build a family compound, add a barn & workshop, or subdivide. Beautiful wooded and rolling landscape located off Rt 1 with easy access to Freeport Center, Brunswick and 30 mins to Portland. The meandering private driveway leads to the 3 bedroom ranch style home at the end of the cul-de-sac. Windows throughout each room and across the back of the home bring nature’s beauty indoors. All door entrances and baths are handicap accessible. Abundant high quality features such as all granite counters, all hardwood floors, 9′ ceilings, radiant heated floors, Central AC, geothermal heat pump, built-ins, built-in surround sound, ethernet, drive-in/drive-out garage doors. Propane fireplace makes a cozy living room overlooking the back deck and wooded landscape. Two extra rooms can be used as office/study space. Three-car garage and circular driveway welcomes your guests. Basement plumbed for bathroom and has a wood burning fireplace. A healthy home with no pesticides or chemicals used in landscape. Fruit trees, berries, and wildflowers artfully compliment surrounding gardens. This is a one-of-a kind distinctive property in a highly coveted location.

Click for More Information on this beautiful Freeport Maine Real Estate Listing.

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Home for Sale – 54 Chestnut Lane, Yarmouth, ME – $995,000

About 54 Chestnut Lane, Yarmouth, ME

Gorgeous custom home built by M.R. Brewer offers 4-5 bedrooms, 4.5 bath on a quiet cul-de-sac just a stone’s throw from downtown Yarmouth. Enjoy expansive open plan living with a spacious, beautifully appointed kitchen, and light-filled living room. A large mudroom, powder room, separate laundry room, and stunning primary bedroom en-suite with walk-in custom closet, complete the first floor. Upstairs are 3 more bedrooms, 2 full baths, and generous closet space. The finished basement offers high ceilings and fantastic flex space currently set as a play and media room. The basement also has a guest bedroom with a full bath and office alcove. A large, heated two-car garage offers direct interior access to the house, and is partially set up as a home gym. The home includes a Sonos sound system. This beautiful, private neighborhood offers the feeling of space and quiet while being extraordinarily close to amenities on Main Street in Yarmouth.

Click here for more information on this beautiful Yarmouth Maine Real Estate Listing.

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Home for Sale – 138 Lower Round Pond Road, Bristol, ME – $625,000

About 138 Lower Round Pond Road, Bristol, ME

Welcome to an idyllic country house! Located between the twin villages of Newcastle/Damariscotta and captivating Pemaquid Point, this 3 bedroom, 2 bath New Englander is sited on 8.8 pastoral acres with 275′ of frontage on the Pemaquid River. Many recent upgrades include a charming and functional kitchen with soapstone sink and countertops with a Wolf Range, tastefully re-appointed baths, lovely den/library with ample built-in bookshelves and screened porch looking over the pasture to the river. There is a large basement with room for a workshop or exercise room. Above the barn/garage is a large finished space with gorgeous views which would make an ideal master suite, guest quarters or in-law apartment with a private entrance. The peaceful setting is enhanced with fruit trees, new gravel drive and a 5 stall detached barn. The year-round amenities of the town of Damariscotta and the quintessential villages of Round Pond and New Harbor are just minutes away

Click for More Information on this beautiful Bristol Maine Real Estate Listing.

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Home for Sale – 56 Carroll Street, Falmouth – $825,000

1. Single Family Homes for Sale at Falmouth, ME 04105

About 56 Carroll Street, Falmouth, ME

Just minutes to downtown Portland and all of the city’s amenities, 56 Carroll Street is a rare opportunity to own in Falmouth’s desirable Bramhall Field neighborhood. Set on over an acre and just around the bend from Casco Bay this home offers something for everyone. The bright upper level includes a spacious living room with two-sided fireplace that opens to the dining room, a kitchen with eating-area peninsula, and sliders to a deck overlooking the huge back yard. Three bedrooms – the master with its own bath – round out the top floor. The lower level boasts a large family room with wood burning fireplace and built-ins, an office and/or additional family room space and two additional bedrooms. An oversized 2-car garage leads directly to a large mudroom with full bath and laundry, and a large lower deck is perfect for entertaining. A short walk to the Maine Audubon trails and Mackworth Island and conveniently located only ten minutes from Portland’s International Jetport, this home is a gem.

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High Demand For Maine Real Estate Leads to an 18% Increase in Sales and a 16% Increase in Prices

AUGUSTA (Feb.19, 2021)—Buyer demand for Maine’s real estate is strong and for-sale home inventory is historically low. According to Maine Listings, the median sales price (MSP) for a single-family existing home in Maine rose 15.57 percent to $255,300 and sales volume jumped 18.38 percent comparing January 2021 to January 2020. The MSP indicates that half of the homes were sold for more and half sold for less.

“Residential real estate in 2021 is kicking off in continued positive territory with sales volume and median sold values significantly out-pacing those of a year ago,” says Aaron Bolster, Broker/Owner of Allied Realty in Skowhegan and 2021 President of the Maine Association of Realtors.

“Coming off 2020, the best year ever for sales volume, we are struggling with historically low for-sale inventory statewide. Buyers are facing far fewer available home choices and sellers are reluctant to list their properties without their next move-in property in place. Buyer demand is strong, and a continuing positive trajectory for 2021 is dependent on homes for sale coming onto the market.”

The National Association of Realtors today reported a 23 percent rise in sales of single-family existing homes across the country comparing January 2021 to January 2020. Home prices jumped 14.8 percent over January 2020, reaching a national MSP of $308,300 in January 2021. Regionally, sales in the Northeast increased 24.3 percent and the regional MSP was up 15.8 percent to $361,400 comparing January 2021 to January 2020.

“This high demand, low supply dynamic can be challenging for buyers and for sellers. Rely on your REALTOR® for local market knowledge, your ‘next move’ strategy, and negotiating expertise.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of January 2021 and 2020 only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling three months of November (2019/2020), December (2019/2020) and January (2020/2021).