Maine Real Estate Report for June
For the month of June just past the trend remains the same. Overall the market remains down but here at Newcastle Square Realty business is brisk. First the statistics.
June of 2006 saw 110 closed residential sides in Lincoln County for a dollar volume of just over $36 million. In June of 2007 we (that is the market as represented by the Maine Statewide Multiple Listing Service, broken down for Lincoln County) had 88 closed residential sides with a dollar volume of just over $23 million. In 2006 the Associates here at NSR closed 8 sides for a little over $4 million and this year we did 19 sides with a volume of almost $8 million. Now here's the difference and pay attention because this is important. In 2006 our average sold price was $502,000. This year our average sold price is $407,684. Just as we've been advising our clients since the first of the year, the market is down 20% from it's high point in the summer of '05. County wide the average sold price is $264,602. But, homes are selling. This is not the early 90's when nothing was selling, at any price. This time, the market has readjusted but there is still a market. Priced right a home will sell.
Right now in Lincoln County, Maine there are 807 residences for sale. If you've been thinking of making the move to the Mid Coast area of Maine, you will never have more choice and at prices not seen for the last several years. Ocean front homes, lakeside camps, country cottages and even in-town condominiums are available. Why not call and make an appointment to speak with one of our knowledgeable brokers about making your dreams come true?
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