Waldo County real estate sales up more than 16 percent

Prices increase by 4.4 percent
Jan 23, 2014

Annual sales of Waldo County’s existing single-family homes jumped an impressive 16.35 percent in 2013, which was slightly ahead of the state average of 13.6 percent. According to Maine Listings, 13,088 homes changed hands state-wide during the 12-month period of 2013. The yearly median sales price (MSP) increased 4.4 percent in Waldo County to $154,500.

Nationally, December single-family existing home sales eased 0.7 percent. The National Association of Realtors reported a national MSP of $197,900 — an increase of 9.8 percent in the past 12 months. Sales in the regional Northeast were 3.2 percent higher than one year ago and the regional MSP rose 3.6 percent to $239,300.

Angelia Levesque, 2014 president of the Maine Association of Realtors, said, “Last year started out very strong with buyers hoping to take advantage of historically low interest rates. With low inventory levels, homes that were priced right sold very quickly. This renewed interest sparked multiple-offer situations in certain markets and helped increase home prices. Sellers heard of this activity and started listing their homes.”

Levesque, a realtor with Better Homes and Gardens Real Estate/The Masiello Group in Bangor, added, “We are currently seeing more first-time-homebuyer activity and a bit of an inventory shortage in the entry-level price range. I have spoken with realtors from all over the state this week and they believe we are off to a good start in 2014; they are fielding calls from sellers interested in marketing for spring.”

Comments (0)
If you wish to comment, please login.