Reflecting on the first half of 2025, we extend our sincerest gratitude for your continued trust, support, and collaboration, which have been instrumental in achieving another remarkable period of significant sales throughout Maine. As you explore this latest edition of our magazine, you will find numerous examples of how we successfully partnered with buyers and sellers to fulfill their real estate goals.
Historically, Maine's luxury real estate market is most active during the second half of the year. Given the strong momentum we have experienced thus far, we anticipate a vibrant and dynamic market going forward, characterized by additional record-setting transactions and the emergence of exceptional properties to captivate new owners eager to embrace Maine's distinctive lifestyle.
The robust demand for luxury homes in Maine continues unabated. In the first half of the year, 532 homes priced above $1 million were sold. Nearly 80% of these were within the rapidly expanding $1 to $2 million range, with approximately 93% selling for less than $3 million. The ultra-luxury market, priced above $4 million, has recorded 10 sales to date, with encouraging signs of growth already evident in July, promising further insights in our year-end Significant Sales publication.
Maine’s luxury real estate market is marked by a highly engaged and discerning buyer community that closely tracks new inventory. A broader offering of quality homes across all price brackets would undoubtedly stimulate further market activity. When a great home, in a great location, at a fair price enters the market, it gets snatched up quite quickly. An astute buyer base has definitely become even more savvy as valuations have continued to grow.
We are delighted to share our successes from early 2025 and eagerly anticipate working closely with you to achieve even greater milestones in the months ahead.
Significant Sales - First Half of 2025
