Presenting The Legacy Collection Vol 18: Maine’s Extraordinary Homes

We present our latest edition of The Legacy Collection, a digital magazine showcasing extraordinary homes for sale across Maine, including an opening letter from our President, Chris Lynch, on what’s next for the Maine real estate market.

The Legacy Collection magazine has a customized distribution which includes a Wall Street Journal email newsletter partnership, a banner on the Boston Globe website, and is also shared with hundreds of thousands of our followers via email, social media, and this Maine Real Estate Blog.

Read the opening letter from our President Chris Lynch below.

Maine, like every other desirable area of the country, is feeling the pinch of a relatively low number of properties for sale. The two most often cited reasons as to why people are not listing their homes are that they cannot find a more appealing home in a place they would like to be and that they have a very low mortgage rate locked in on their current property. As a result, Maine continues to post modest gains in the statewide median sales price when compared to the same period last year. There is hardly a week that goes by without Maine winning a national accolade. For example, U.S. News & World Report recently placed Portland as the #7 “Best Place to Live” in the country.

The Maine real estate market has been resilient as we have experienced stable to growing demand for homes from buyers nationwide and steady to improving inventory levels. We see this as the story for the balance of the year and it is unlikely that either of these dynamics will change too dramatically. If we experience a significant reduction in mortgage rates towards 5%, then more sellers will enter the market, which will of course be met by an increase in buyers as well. We see it as a parallel shift in the current conditions, with the possibility that the number of buyers will grow relative to an uptick in newly listed homes.

All of the above being said, in the following pages, you will see an extraordinary collection of homes that we currently have listed for sale in Maine. We have several homes with expansive acreage in amazing locations. You will also see that our 100-plus agents across six offices represent homeowners at numerous price points throughout the state. We are currently offering a number of spectacular once-in-a-lifetime properties.

In recent weeks, our agents have had the opportunity to network with the top real estate agents in the world. We recently hosted 15 market leaders for a forum here in Portland. These real estate professionals came from many of our top feeder markets, such as Massachusetts, Florida, Greater New York City, Texas, California, and elsewhere. Additionally, Sotheby’s International Realty recently hosted its Global Networking Event, which brought together nearly 3,000 agents under one roof for an extraordinary event. With more than 26,000 agents in the most beautiful locations worldwide, we are the beneficiary of in-network referrals for both buyers and sellers. And of equal importance, we have the ability and access to help our clients meet and engage top agents to help find the property of their desires and specifications just about anywhere. This is true both nationally and internationally.

Should you have any real estate needs or questions, please reach out to your Sotheby’s International Realty specialist.

See you this summer, if not sooner.

Chris

Explore the The Legacy Collection and browse our luxury real estate listings across Maine.