Here is an update of the current activity in the local lakefront real estate market consisting of 20 towns in the Sebago Lakes Region of Maine – from Lovell and Norway in the north, to Standish in the south, to Fryeburg in the west to New Gloucester in the east.
Lakefront properties currently for sale:
$0 to $300k – 81
$300K to $500K – 116
$500k to $1 mil – 85
over $1 mil – 27
Lakefront properties currently Pending (under contract, going to close):
$0 to $300k – 12
$300K to $500K – 6
$500k to $1 mil – 6
over $1 mil – 2
Lakefront properties sold year-to-date:
$0 to $300k – 15
$300K to $500K – 8
$500k to $1 mil – 5
over $1 mil – 2
As you can see, about half of the sales and pending sales are in the under $300k market. The trend over the last two or three years has seen the median price for sold lakefront properties move down from over $350k then, to where it is today, nearer $300k.
We will keep you updated periodically on activity in the market. In the meantime, don’t forget to visit our website at www.lakefrontexperts.me to see all the current lakefront listings in the area.
Take a look at all of the lakefront properties currently for sale in the Sebago Lakes Region just by clicking here.