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

The month of February saw a statewide uptick in both sales and home prices, due to continued buyer demand and an increase in single-family homes available for sale. Statistics shared by Maine Listings indicate a jump in home sales of 11.44 percent, comparing February 2024 to February of last year. The median sales price increased 7.52 percent, reaching $354,000, during that same period of time. The MSP indicates that half of the homes were sold for more and half sold for less. Though an increase in listing activity has led to higher sales volume, buyer demand continues to outpace supply in man ..read more

Buyers across the state continue to be met with lower-than-average for sale inventory. Statistics shared by Maine Listings indicate a 1.98 percent decrease in sales while the median sales price (MSP) increased 8.62 percent – reaching $353,000 comparing January 2024 to January of last year. The MSP indicates that half of the homes were sold for more and half sold for less. A total of 743 homes changes hands last month, slightly less than the 758 sales that occurred in January 2023. With the New Year well underway, the Maine real estate market is experiencing some positive changes for families a ..read more

As one of the leading real estate firms in Lincoln County with a staff of 18 agents operating from two offices in Damariscotta and Boothbay Harbor, Newcastle Realty has been assisting buyers and sellers with their property needs for more than 35 years. Now, the company is launching a new division that will offer similar buyer and seller services to local business owners seeking to sell, and prospective buyers looking to acquire or invest in a business, with or without real estate. “We are very excited to be expanding our range of services to include assisting business owners in our commun ..read more

Buyers across the state continue to be met with low inventory when searching for single-family existing homes. Comparing August 2023 to August 2022, statistics shared by Maine listings indicate an increase of 9.41 percent in home values while the overall number of sales dipped 18.77 percent. Month over month, sales volume increased 13 percent but was down almost 19 percent compared to this time last year. The median sales price (MSP) reached $372,000 with a total of 1,510 homes sold during the month of August. The MSP indicates that half of the homes were sold for more and half sold for less ..read more

Patti Brown, a successful real estate broker with Newcastle Realty for more than six years, was named the 2023 Realtor of the Year by the Lincoln County Council of the Mountains to Shore Board of Realtors in June. Her award was celebrated with a wonderful meeting and dinner at the Tugboat Inn, attended by other active Realtors and affiliates from Lincoln County. Nominees for this annual award are typically involved in volunteer activities for their community, their board, and the local council, as well as the Maine Association of Realtors. Brown has served in various capacities under the Maine ..read more

Though real estate inventory across the state remains low, a slight increase in home values suggest there are positive signs on the horizon. Statistics shared by Maine Listings show sold prices for homes increased 6.45 percent in June 2023 compared to June 2022, reaching a median sales price (MSP) of $385,000. The MSP indicates that half of the homes were sold for more and half sold for less. Mainly due to a lack of inventory, sales for June 2023 were down 19.24 percent compared to June of last year. But with more for-sale homes entering the market and qualified buyers ready to make purchases ..read more

Maine continues to see a high number of qualified buyers across the state while for-sale inventory remains low. According to Maine Listings, 1,218 homes were sold during the month of November, a decrease of 5.51 percent compared to November of last year. The median sales price for homes sold last month jumped 9.23 percent compared to November 2022, reaching $355,000. Nationally, sales eased 7.3 percent in November 2023 compared to November of last year. Statistics shared by the National Association of Realtors report an increase of 3.5 percent for the national MSP, reaching $392,100. Sales in ..read more

Though home values in Maine continue to rise, sales remain lower than average due to lack of inventory. Statistics reported by MaineListings indicate the sale of 1,435 single-family homes during October 2023 – a decrease of 10.14 percent compared to October 2022. Prices increased 13.25 percent, reaching a median sales price (MSP) of $376,000. The MSP indicates that half of the homes were sold for more and half sold for less. Nationally, sales of single-family homes decreased 14.6 percent comparing October 2023 to October of last year. Prices across the country saw a slight increase of 3.0 perc ..read more

Owner and Chief Executive Officer of Cheney Financial Group, Dennis Hilton, was recently recognized as Business Person of the Year by the Damariscotta Region Chamber of Commerce (DRCC). As described by the DRCC, individuals considered for this award can be counted on to ‘enhance the overall economic health of the region and well-being of the general population by making our community a better place to live.’ Well-known for his active involvement in the community through business and volunteerism, Dennis was an ideal candidate. Cheney Financial Group (CFG), which consists of Cheney Insurance, N ..read more