The 2-time Maine gubernatorial candidate is downsizing, after selling the 15,000-square-foot oceanfront home in Cape Elizabeth to Jonathan Bush Jr.
home sales
Maine’s housing market broke records in 2020, with sales and prices through the roof
Despite the pandemic, the year’s home sales outpaced all previous years, and the median price of homes sold rose to a new high of $256,000.
Maine home sales continue to break records despite pandemic
Prices continue to rise in Maine’s housing market, making it difficult for young families to get their foot in the door.
October home sales up 27% in Maine, reaching historic peak
The state’s housing market surpassed all previous records for October, a strong rebound from setbacks in April and May.
Maine home sales jump 23% as out-of-state buyers increase
The median price of a Maine home sold in September was $273,500 – a whopping 19.6 percent higher than during the same month a year earlier.
Maine home prices up 17% as sales to out-of-state buyers increase
Tight inventory and historically low interest rates continued to push Maine home prices upward in August.
Maine homes sales, out-of-state purchases increase in July
Homes also got more expensive, with the median sales price increasing by nearly 11 percent from a year earlier to $254,900.
Homebuyers from away aren’t flocking to Maine … yet
Real estate agents have anticipated that the coronavirus might lead more out-of-state residents to relocate to Maine, but so far the numbers aren’t showing it.
Maine home sales plunged by more than 21% in May
After dropping 15% in April, sales took another tumble, all while prices inched upward because of fewer houses being on the market.
With little on the market, Maine home sales fell 15% in April while prices jumped
While the coronavirus pandemic greatly reduced sales and housing inventory, the median sales price shot upward thanks to a shortage of available homes.