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5 Coot Lane, Topsham
Check out this adorable ranch in the Bay Park Neighborhood! With two bedrooms, two full bathrooms, and an oversized two car garage, this property is set in a fantastic neighborhood close to all the amenities the area has to offer.
Open House 7/17 from 2pm - 5pm
Visit 5CootLane.com for all the info! |
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54 Grammar Street, Sanford
Welcome to 54 Grammar Street! This colonial is in the final stages of a full renovation. The property is conveniently located just a few minutes from downtown Sandford and a short drive away from multiple hiking trails.
Visit 54Grammar.com for all the info! |
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30 Winterberry Road, West Bath
Fall in love with this four bedroom colonial in West Bath! This home features a large, open kitchen and dining area, first floor laundry, a large living room with propane fireplace, and a spacious bonus room. Upstairs, the primary suite is accompanied by three large bedrooms and a full bath. The dry, unfinished basement offers many possibilities for storage, a workshop, or finishing for additional living space.
Visit www.30Winterberry.com for all the info! |
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129 Portland Ave #10, Old Orchard Beach
Bright and sunny townhouse in beautiful Old Orchard Beach, just a 0.6 mile walk to the sand & sea. This beautifully-styled home features a brand new kitchen with Corian countertops and under cabinet lighting, as well as tile flooring for easy care, stylish new ceiling fans, new washer and dryer, and more! Conveniently located to golf, shopping, restaurants, schools, and turnpike, this home is a must-see!
Visit www.129Portland10.com for all the info! |
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Community Highlight: Biddeford
There is a buzz about Biddeford, and there are a lot of reasons why...
Biddeford is getting some much deserved attention lately and we are so here for it! Between two of its restaurants, Elda and Magnus on Water, gaining national recognition by the prestigious James Beard Association and to the numerous grants recently received to continue its downtown revitalization, this city is continuing its upswing in monumentous ways. |
Did you know that Biddeford is Maine's youngest city? With an average age of 35 this town has so much to offer for people of all ages.
The Lincoln Hotel is set to open in September and it has people talking. With its in-house coffee shop and bakery and its expansive rooftop pool, this new boutique hotel is sure to be a hit with locals and tourists alike.
Palace Diner has gained some national recognition through the years via mentions from Bon Appetit Magazine and most recently, with a visit from Phil Rosenthal of the Netflix favorite Someone Feed Phil.
Elements Books-Coffee-Beer has it all. A coffee roaster, an art gallery, a bookstore and a bar. All bases are covered here! |
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Market Update
Despite climbing mortgage rates, median sales prices are up 11.29% year-over-year in Cumberland County and 16.9% year-over-year in York County for June. While on the ground, we're feeling a slow down (less offers per listing and more price drops than we have seen in recent years), we are still seeing a lot of activity in desirable communities and well appointed homes that are reasonably priced.
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We continue to see a similar lack of supply and surplus of demand that have helped drive prices up over the past couple of years. New listings dropping 5.68% in Cumberland County and 9.89% in York County year-over-year does not signal that this problem will go away anytime soon. While some buyers have opted to take a seat to see what will happen, their options are becoming limited as rental prices skyrocket as well.
As interest rates climb above 6%, will buyer demand decrease outpace a decrease in housing supply? Time will tell, and we will be watching carefully as we progress into Fall. |
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