Here are the latest figures about activity in the Sebago Lakes Region regarding the sale of residential lakefront property as of June 11, 2011. The area covers 20 towns and 60 lakes and ponds.
Current number of lakefront residential properties listed for sale, by price:
under $300k – 97
$300k to $500k – 132
$500k to $1 mil – 90
over $1 mil – 26
total – 345
Lakefront properties sold year-to-date by listing price:
under $300k – 18
$300k to $500k – 9
$500k to $1 mil – 9
over $1 mil – 2
Lakefront properties currently pending, i.e. under contract, not yet closed:
Under $300k – 13
$300k to $500k – 8
$500k to $1 mil – 7
over $1 mil – 2
total – 30
If you are a seller these numbers are not very encouraging as there is such a high inventory of lakefront homes for sale in relation to the number of solds or pending sales. Conversely, if you are a buyer, there’s tons of inventory from which to choose in a market that has beaten down prices and low lending rates.
Crystal Lake in Harrison is one of the most popular spots in the area because of its wonderful sandy public beach, convenient boat launch, and welcoming picnic area. Here you can sit in the shade of white birch trees and gaze down the lake to Deer Hill and Hawk Mountain on the northern horizon. Adjacent to the picnic area is a ballfield and a playground for children of all ages.
Two miles long and a mile wide, Crystal Lake has a surface area of 446 acres, a maximum depth of 65 feet, and a water quality rating of “slightly above average” as determined by the Maine Department of Environmental protection.
According to the Lakes Environmental Association, Crystal Lake is annually stocked with brook trout and land locked salmon from the Maine Department of Inland Fisheries and Wildlife. These coldwater fish find good habitat in the lake’s cool and well oxygenated deep waters. In addition, healthy bass populations, white perch, yellow perch, hornpout and chain pickerel are also found within Crystal Lake’s waters.
Crystal Lake is home to Camp Pinecliff, a summer camp for girls, and Vacationland Campsites, both located on the northern shore. Route 117 follows its eastern shoreline providing pleasant views of the open water and surrounding hills. Its western shoreline is more recently developed and here you can find many, newer year round homes and cottages.
Check out all the current lakefront properties for sale on Crystal Lake and other area lakes and ponds by going to www.lakefrontexperts.me.