Pond

Maine Waterfront Real Estate Market in Full Recovery

In 2006 and 2007 Maine experienced the hottest waterfront market in history.  Ocean, lake, pond and river properties for sale were benefiting from the boom of real estate values in Massachusetts, New Hampshire, Connecticut and the rest of New England.  Out of state buyers were flocking to Maine with cash from home equity loans on their primary residences.

In 2011 the waterfront market bottomed out based on the number of sold transactions.  Since 2011 we have seen a slow but steady increase in the number of single family waterfront transactions per year.  For example, in 2014 Penobscot County had seen an 80% increase in the number of sold transactions compared to 2011.

Maine Bold Coast

What are some of the causes for the increase in the number of Maine waterfront properties sold?

  1. Record high levels of available inventory. Buyers have had a great selection of properties to choose from.
  2. Prices are at the most affordable levels since the great recession started. Some locations are seeing properties selling for 25% less than the peak values of 2006-2007.
  3. Record low interest rates. Current 30 year fixed rates are under 4%.
  4. Record Stock Market Levels. Buyers are taking stock market gains and investing in Maine waterfront property.
  5. Pent up demand. Buyers are starting to see the changing tide in the Maine waterfront market and are getting off the fence to take advantage of these conditions.

Why buy now?

Buyer activity for the winter months of 2015 has been the strongest we've seen at United Country McPhail Realty since 2007.

New listings coming on the market for the first two months of 2015 are down 11% compared to 2014 and down 7% compared to 2013.

If you are a buyer that has been sitting on the fence watching Maine waterfront for sale, timing is everything.  The balance of supply and demand is moving away from oversupply to a more balanced market.  These conditions will help to provide an upward pressure on values, especially on those waterfront properties that are priced aggressively and have the popular features buyers are looking for.

Maine Lakes and Ponds

If you are an owner looking to sell your waterfront property, it is more critical than ever to hire the right Realtor.  What makes for the best waterfront realtor?  The following are some of the criteria to consider:

  1. A real estate company with a strong online marketing program that focuses on lifestyle property types. A generic, cookie cutter, one size fits all marketing program will not work well.
  2. A company with a strong print advertising campaign designed to reach buyers of lifestyle properties. Another part of a strong foundation. Affluent buyers still like to read print.
  3. A brokerage that understands SEO and can help your property stand out from the crowd. It takes more than just a standard web site to be found first among the many.
  4. A real estate company with a large database of buyers that can be marketed to from day one.
  5. A real estate company that is part of an international network of lifestyle brokers.
  6. A real estate company with years of experience that understands the best marketing, pricing and negotiating strategies to best serve their client's needs.
  7. A real estate company that is continually staying on the cutting edge of new marketing ideas and technology.

For a free, no obligation consultation, give the United Country McPhail Realty team a call at 207-794-4338 to see the power of a custom lifestyle marketing program for your Maine waterfront property.

Two Lakes - Two Cabins - Two Locations - Two Big Parcels

 

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Greenville - Wilson Pond Cabin

 

This new listing on Wilson Pond in Greenville, Maine is the best value on a vacation cottage setting lakeside with unobstructed views of the lake and Rum Mountain. This property has 11 +/- acres with the main camp, guest cottage, storage building, woodshed, dock and more.

 

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Views of Rum Mountain and Wilson Pond

 

 

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This great family recreation property is priced to sell at $225,000. Call Peter at 207-794-4338 for an appointment to see it!

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Burlington - Saponac Lake 2 bedroom year round cottage

 

Our new property listing on Saponac Lake in Burlington, Maine is our pick of the month for a lake front bargain. The property has electric, is on a year round maintained camp road, has a full septic, heat and all you need for 4 seasons of recreational enjoyment. The Burlington property comes with 10 acres and 300 +/- feet lake front. Priced at $139,900. Call Today!

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Comments

  1. Doug Marcus on

    Love the properties you have on the market,I'm interested In the properties on Saponac Lake,are they still for sale.The one that's on 10 acres and 300+ ft waterfront looks beautiful.
    • Phil McPhail on

      Doug, One camp has sold and the 10 acres with 300 feet frontage is pending.

      Bargain Priced Owner Financed Lakefront Land

      If you have been looking for some quality owner financed lakefront land in Maine take a look at these lots on beautiful Wytopitlock Lake in Aroostook County. The lake has little development and still offers a great wilderness experience yet is less than one hour from civilization. All remaining lots are priced under $40,000 We have four lots available on the lake with eastern exposure on a large peninsula providing shelter from bad weather.

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      The lake front is good quality with small rock and slate along the shoreline. This is a good lake for swimming, boating and fishing.

      The four lots have a semi-completed driveway, have all been soil tested and the boundary lines have been completely surveyed and marked on ground.

       

      The lots are 1.25 acres and larger all with more than 200 feet of frontage. The land has had some pruning done in potential building sites to open up the views of the lake.

      DSC_0463Wytopitlock Lake is over 1100 acres in size. There is a public boat ramp not far from the land for sale. The lake maximum depth is 24 feet. It is in both Glenwood and T2 R4 WELS in southern Aroostook County.

      The lake has a good fishery for smallmouth bass and white perch. The outlet stream is a nice canoe trip to its confluence with the Mattawamkeag River just south of the village of Wytopitlock.

      Call 800-286-6164 today if you are interested in seeing these properties.

       

       

      Comments

      1. joe on

        can't be much of a bargin if no price discloased.. lol
        • Phil McPhail on

          The price is $39,900 per lot. Sorry it only said priced under $40,000 in the post. If you need additional details on the property send us your email and we will send you maps, tax info etc.
          • Michael Booth on

            Looking for cheep land that I can put a camper on that close to a lake