🏡 Market Overview: Casco Bay Real Estate Trends
📊 Median Home Prices (January 2025)
- Casco Bay Region: $825,000 (up 5.8% YoY)
- Cumberland County: $630,000 (up 6.4% YoY)
- Maine Statewide: $385,000 (up 9.1% YoY)
Luxury coastal properties continue to appreciate, particularly in Brunswick, Freeport, South Freeport, Cumberland Foreside, and Falmouth Foreside, where high-net-worth buyers remain active despite economic shifts.
📈 Market Competitiveness
- Homes in the Casco Bay region are selling in 45 days on average—high-end properties take slightly longer, but move quickly when priced correctly.
- Multiple offers remain common for properties with deep-water access, panoramic ocean views, or proximity to Portland.
- Inventory has increased by 12% YoY, offering more options for buyers while keeping demand steady.
💰 Pricing Trends (Price per Sq. Ft.)
- Casco Bay Region: $425/sq. ft. (+4.7% YoY)
- Cumberland County: $340/sq. ft. (+5.1% YoY)
- Maine Statewide: $285/sq. ft. (+6.3% YoY)
Luxury waterfront homes in Brunswick, Freeport, South Freeport, Falmouth Foreside, Cape Elizabeth, and Peaks Island often exceed $650/sq. ft., while inland villages remain more affordable.
🚀 Buyer & Seller Insights
🛥️ What’s Driving Buyer Demand?
✔ Out-of-state buyers continue to invest in Casco Bay, with strong interest from Boston, New York, and international buyers.
✔ Proximity to Portland makes Brunswick, Freeport, Falmouth, Cumberland, and Yarmouth some of the fastest-moving markets.
⚡ Why Now is a Good Time to Sell
✔ Inventory is still relatively low, keeping demand high for well-positioned properties.
✔ Luxury homes that are move-in ready with modern amenities are selling fastest.
🔎 Expert Market Analysis: Why Full Exposure Matters for Sellers
Some agencies market 40% of their listings in-house only, claiming they have "ready buyers"—but here’s why that can cost you money:
🚫 Less Competition → Private sales limit your negotiating power. All Buyers will see your home if listed on the MLS & luxury sites and that creates competition - giving you the opportunity to receive stronger offers.
At Balsam Realty, we never limit exposure—your property is marketed nationally & internationally to ensure you get top dollar.
📌 Mortgage & Economic Trends Affecting Casco Bay
- Mortgage Rates (January 2025): 30-year fixed: 6.5% | 15-year fixed: 5.75% (down from 6.69% and 6.06% respectively in Jan 2024).
- Cash buyers are increasing, accounting for 40%+ of luxury purchases in Cumberland County.
- New construction in the Portland metro area is up 8% YoY, easing some inventory constraints.
🌊 Ready to Buy or Sell in Casco Bay? Let’s Talk.
As Freeport locals & Casco Bay experts, we offer concierge-level service, strategic pricing, and unmatched market insight.
📩 Contact Balsam Realty today for a custom market analysis.
📞 207-865-0123 | 🌎 BalsamRealty.com | homework@balsamrealty.com
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