When my family moved to Maine almost a decade ago, we chose this area for many reasons....the coast and salt water, the schools, the distance from Portland and the pace of life to name a few. We bought a small sailboat and explored Johns Bay and the lower part of the Damariscotta River, when conditions were right for sailing. several years ago my husband, Wally, found a 1973 boston Whaler and trailer on Craigs list, which he lovingly restored. since that time, we've had a blast exploring lakes and rivers and estuaries. I get such a thrill when I arrive home after a long day at work to see the Whaler hooked up to the pickup truck!
We finally had our initial ride of the 2009 summer season this past weekend. It was a beautiful day and parking spots were hard to come by at the Jefferson Launch on Damariscotta Lake. But everyone was happy to be there and very patient.
There were sailboats, motor boats of all sizes, kayaks, canoes, waters skiers and tubers. We've never seen so many floats with so much activity: swimming, relaxing, reading, partying, etc. Damariscotta Lake State Park was packed. A happy mood was all around and although there was lots of activity, it never feels too busy.
I love the smell of salt water, but I also love the smell of fresh water. There is so much water in this area, lucky me, I get to smell it every day!
We're actually at the half way point of the summer, even though all of the June rain makes it seem like summer has just begun. But it is, finally, warm and a little bit muggy, as much as it gets here on the coast of Maine, so it must be time to review and report on the state of the real estate market in the greater Damariscotta Pemaquid area.
I'm sure you are all aware of yesterdays Commerce Dept. report that showed construction of new homes rose in June to the highest level in 7 months. It was better than the pace expected by economists and the second straight monthly increase. For our purposes we're more interested in the sale of existing homes but I think this report speaks to the overall recovery, or start of the recovery of the real estate market. Banks are once again lending to builders and first time home buyers are scrambling to take advantage of the tax credit in the stimulus bill.
Here in the mid coast we have some activity because of the tax credit but we are primarily a market of second homes and a retirement destination and it is those buyers who we are starting to see again as they are able to move their homes in States to our south. Now a reality of this market is that they sold their homes for less than they might have 2 or 3 years ago. So they have less to spend on a home here and offers made to sellers reflect that. But, the difference from this time last year is that they have been able to sell and they are here looking to buy.
When they get here they are finding a fairly good supply of homes to choose from although that is beginning to change and many of the better properties have already sold. Buyers are also finding that the local banks in our area are eager to work with them. All in all it is a good time to be in the market for a home on the Pemaquid peninsula.
For a complete look at all of the homes available be sure and look at our searchable data base located on our website. Here you will find homes listed by every agency that does business in Lincoln County, Maine.
The Miles Memorial Hospital League put on their annual House and Garden Tour this past Thursday for the benefit of our excellent local hospital. Here are a few pictures I shot as I enjoyed seeing the wonderful homes and grounds that generous folks opened up to the public for the day.