Presenting Our Significant Sales: 2022 Annual Review

It is with great pleasure and pride that we share Legacy Properties Sotheby’s International Realty’s 2022 Significant Sales. Despite more challenging market conditions and a complex economic backdrop, 2022 was an extraordinary year for our clients. We feel so fortunate to have represented both buyers and sellers in closing nearly $850 million in sales for the year.

As you will see in this publication, over 50% of our sales involved beautiful properties exceeding $1 million in value. We continue to help our clients buy and sell special properties at all prices and are proud to present each of our listings with incredible photography, the latest technology, unparalleled luxury branding, and a unique global marketing strategy through our affiliation with Sotheby’s International Realty.

For 2022 our average sale price was $890,000 and we ranked #1 in Maine for all waterfront property sales, all sales over $650,000, and every category thereafter. In most cases, we were in first place by a significant margin. For example, Legacy Properties Sotheby’s International Realty ranked #1 in Maine for sales over $1 million, closing 70% more in sales volume than our next closest competitor.

For several years, there has been a flight to quality as buyers and sellers seek a competitive advantage and the best possible representation in the marketplace. There is little doubt that our hands-on, white-glove service model combined with a broad geographic footprint in Maine and New Hampshire has helped our clients succeed in achieving their real estate goals.

While we are less than three weeks into 2023, it is clear that this year will have its own set of challenges and exciting opportunities. Historically, the Maine winter is a quiet time for property owners and prospective buyers, but this year is off to a strong start. Buyer demand is quite strong and unflappable in the face of a shortage in new listing inventory. The shadow market of prospective listings for the spring is mounting and highly anticipated, and our dedicated agents are on high alert to ensure that our buyer clients are getting the best possible information on a real-time basis. Legacy Properties Sotheby’s International Realty has developed a comprehensive internal communication system that prepares our agents to be ahead of the curve in delivering results.

We thank you for your support and for allowing us to be a part of your real estate journey. It has been a year for all of us to be thankful for our collective success and appreciative of the hard work and dedication that go along with serving our beautiful communities in Maine and New Hampshire.

Best wishes for a happy, healthy, and prosperous 2023,

Chris Lynch

President, Legacy Properties Sotheby’s International Realty