Sales of single-family homes in Maine have risen by double-digits since this time last year. Statistics shared by Maine Listings report 853 properties changing ownership in January 2025, an increase of 13.28 percent over January 2024. The median sales price increased 9.07 percent over the same period, reaching $385,000. The MSP indicates that half of... Read more » The post February Market Update appeared first on Newcastle Realty ..read more

Statewide sales continue to rise, pushing real estate in Maine towards a more balanced market. Statistics shared by Maine Listings report an increase of 6.81 percent for single-family existing homes, comparing November 2024 to November of last year. The median sales price (MSP) jumped 8.45 percent, reaching $385,000.  The MSP indicates that half of the... Read more » The post December 2024 Market Update appeared first on Newcastle Realty ..read more

Statewide inventory of single-family homes continues to fall short of buyer demand. Statistics released by Maine Listings report a 3.21 percent increase in sales for October 2024 compared to October 2023, with a total of 1,481 homes changing ownership. Statewide median sales price (MSP) increased 5.05 percent since this time last year, reaching $395,000. The... Read more » The post November 2024 Market Update appeared first on Newcastle Realty ..read more

Local real estate firm Newcastle Realty was pleased to present a $5,000 donation to Skidompha Library, after handling the sale of their 170 Main Street, Damariscotta property, known as the Stephen Coffin Building. Newcastle Realty is part of the Cheney Financial Group which has provided financial and volunteer support to Lincoln County non-profits for many... Read more » The post NEWCASTLE REALTY DONATES TO SKIDOMPHA LIBRARY appeared first on Newcastle Realty ..read more

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 » The post September 2024 Market Update appeared first on Newcastle Realty ..read more

Sales of single-family home sales in Maine remain healthy and in-demand, though the number of units-for-sale remains low. Maine Listings reported 1,482 homes changed hands during the month of July, up 10.93% compared to July 2023. The median statewide sales price increased 5.07 percent over the past 12 months to $399,250. The MSP indicates that... Read more » The post August 2024 Market Update appeared first on Newcastle Realty ..read more

As a result of the March 2024 agreement by the National Association of Realtors to settle one of several class action lawsuits brought against them and a variety of large national real estate firms and Multiple Listing Services, things in real estate are about to change in a big way. August 17, 2024 is the... Read more » The post THE WAY YOU BUY AND SELL REAL ESTATE IS ABOUT TO CHANGE appeared first on Newcastle Realty ..read more

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 » The post July 2024 Market Update appeared first on Newcastle Realty ..read more

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 of Newcastle has served as President and CEO of these Damariscotta-based service businesses for most of his career, and recently celebrated a significant milestone by reaching his 40th year work anniversary. A surprise staff ..read more

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 homes were sold for more and half sold for less. It appears that the selling season for Maine real estate has kicked-off earlier than usual. After 31-months of year-over-year decline in sales, an increase in listings combined with sustained buyer demand has led us to a second consecutive ..read more