A. Bradley Nelson
Chief Marketing Officer Sotheby's International Realty
2021 proved to be a perfect storm for the high-end housing market as the starts-and-stops of the pandemic’s reopening fueled even stronger demand for larger homes and inventory struggled to keep pace. Here in Southern Maine, the luxury market saw an increase in homes sold compared to 2020 but demand and prices are still higher than in previous years, as the trends in this report explore. While the value of what defines a “luxury” property can vary widely around the world, here the benchmark price is generally accepted to be $1,000,000 or more. In York County, sales of single family homes priced $1,000,000 or more increased from 164 in 2020 to 215 in 2021. Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/1/2020 through 12/31/2020 & 1/1/2021 through 12/31/2021.
our highest sale in kittery point 5 Keen Avenue Offered at $4,225,000 Anne Erwin Sotheby's International Realty represented both seller & buyer
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A view from SOUTHERN MAINE
31%
ANNE ERWIN SOTHEBY'S INTERNATIONAL REALTY 31 Long Sands Road, York, Maine 03909 +1 207.363.6640 & 19 Beach Street, PO Box 1188, Ogunquit, Maine 03907 +1 207.646.8802
RECENT MARKET MOVERS In 2021, the highest priced home in York was sold at $5,749,140. Anne Erwin Sotheby's International Realty represented the buyer in this transaction. We continue to see increased demand across all price points most notably in Kittery, York,Ogunquit and Wells. As we move into 2022 current inventory for luxury homes is still outweighed by demand. Keep up-to-date with offerings in our area by visiting anneerwin.com. Sotheby's International Realty affiliates represent luxurious homes all over the world. We invite you to explore them all at sothebysrealty.com.
Sales of million-dollar+ single family homes in York County increased by 31% in 2021 compared to 2020 according to Maine Listings.
2021's highest sale in york, maine 16 & 18 Bald Head Cliff Road South Cape Neddick Offered at $5,800,000 Anne Erwin Sotheby's International Realty represented the buyer
Credit TK