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Fact Book: Doing Business in Maine 2020

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V O L . X X V I N O. X V I 20 Fact Book / Doing Business in Maine Q UA L I T Y O F L I F E P H O T O / Z I L L OW. C O M P H O T O / Z I L L OW. C O M A E R I A L / G O O G L E M A P S ; I N S E R T / Z I L L OW. C O M S O U R C E : Sales prices are from Zillow.com. This is representative and prices are subject to change. H ome sales in Maine, along with the prices, have steadily risen over the past decade. In 2019, a record 18,140 sin- gle family homes were sold in the state. Through May, the median sales price for a single-family home was $237,900. The state is famous for its aging housing stock — the average age of a Maine house is 42 — and yet inventory is tight. So, what can $237,900 get you in Maine? KENNEBUNK KENNEBUNK WESTBROOK WESTBROOK WHAT B U Y S YO U I N $237,800 Maine Maine's median sales price keeps climbing, but how much you get depends on where you are B y M a u r e e n M i l l i k e n While While $237,800 $237,800 may not get you a house may not get you a house in in York County's York County's pricey coastal towns, if pricey coastal towns, if you're looking to spend between you're looking to spend between $230,000 $230,000 and and $240,000 $240,000, you can buy , you can buy three acres three acres on on a private road off a private road off Route 9 Route 9 in in Kennebunk Kennebunk, , within a brisk walk from within a brisk walk from Kennebunkport's Kennebunkport's village, for village, for $239,900 $239,900. NOBLEBORO NOBLEBORO Housing prices are high Housing prices are high and inventory low in and inventory low in Portland Portland and its suburbs, and its suburbs, but but $239,000 $239,000 will get you will get you a two-bedroom, two-bath a two-bedroom, two-bath 1,092-square-foot 1,092-square-foot condo condo in nearby in nearby Westbrook Westbrook. In the midcoast town of In the midcoast town of Nobleboro Nobleboro, a three-bedroom, , a three-bedroom, two-bath ranch style home two-bath ranch style home on a on a 2.75-acre 2.75-acre lot, built in lot, built in 2017 2017, goes for , goes for $237,900 $237,900. . The town is on The town is on U.S. Route 1 U.S. Route 1 as well as the as well as the Damariscotta Damariscotta River River, and is close to scenic , and is close to scenic Muscongus Bay Muscongus Bay.

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