Portside’s 2025 Market Trends + 2024 Annual Report is here!

Take a look back with us at what 2024 brought us and what’s in store for 2025!

Highlights include:

• 2024 Market Snapshot
• The Portside Foundation & 1% Back Grants
• 2025 Market Predictions
• Local Expert Features

Discover the best spots to experience Fourth of July fireworks in Kennebunk and Kennebunkport. From beachfront views at Gooch’s Beach and Middle Beach to unique experiences like a cruise aboard First Chance Whale Watch, find all the details including viewing tips and parking advice for a spectacular Independence Day celebration.

Portside Real Estate Group is proud to announce that their popular Pins For Cure raised over $26,000 for the Maine Cancer Foundation on Thursday, April 25, 2024.

Portside Real Estate Group’s Pins For a Cure made its return after a five-year hiatus. Last held in 2019, this signature Portside Foundation event features a bowling tournament, bites + brews, a silent auction, and a raffle for a Maine staycation.

In today's blog, we are offering a snapshot of basic market statistics for single family homes in local towns for March 2024. While we provide essential data in this article, we're also here to assist you with more in-depth and comprehensive information upon request. Feel free to reach out to us if you would like a more detailed analysis or specific data points to support your real estate needs.

The RealTrends 500, now in its 37th year, remains the undisputed leading report ranking the performance of the top residential real estate brokerage firms. For the third year in a row, Portside has been ranked as one of The Top Private Independents (#115), the Top 500 for volume (#370), The Top 500 for transactions sides (#497), the Nation’s Best Real Estate Professionals, and the Best Community Website.  Top Private Independents are awarded to brokerage firms that are corporately owned but are not franchises. While the Nation’s Best ranking recognizes some of the country’s top-performing brokerages. Portside was also ranked in the Top 500 Brokerages by volume.

Portside Real Estate Group's popular Pins For a Cure fundraiser for the Maine Cancer Foundation is making its return after a five-year hiatus! Last held in 2019, this family-friendly fundraiser features bowling, giveaways, bites, and brews, and an amazing silent auction with 100% of the proceeds raised going to Maine Cancer Foundation.

In a momentous celebration of excellence, Portside Real Estate Group was bestowed with the esteemed Diamond Award by Leading Real Estate Companies of the World® (LeadingRE). This prestigious accolade, presented at the LeadingRE Annual Conference in vibrant Las Vegas, signifies Portside's unparalleled commitment to excellence in performance, marketing, business development, and network engagement within the global real estate landscape.

More single-family homes for sale in Maine compared to a year ago, coupled with strong demand from buyers, resulted in higher sales figures and home prices in February. According to Maine Listings, home sales jumped 11.44 percent in February, year-over-year, across Maine’s 16 counties. The median sales price for homes sold reached $354,000 in February 2024, an increase of 7.52 percent over February 2023. The MSP indicates that half of the homes were sold for more and half sold for less.

February 2024 

In today's blog, we are offering a snapshot of basic market statistics for single family homes and condos in Kennebunk, Maine, for February 2024. While we provide essential data in this article, we're also here to assist you with more in-depth and comprehensive information upon request. Feel free to reach out to us if you would like a more detailed analysis or specific data points to support your real estate needs.

The real estate market faces low inventory, with a Months Supply of Inventory at 1.43, signaling high demand. Over the past year, an 18.18% increase in the Months of Inventory suggests a potential shift towards balance, offering buyers more options. Homes sell rapidly, spending a median of just 33 days on the market, indicating strong buyer interest. Sellers receive competitive offers, with homes typically selling close to their listing price, shown by a List to Sold Price Percentage of 99.6%. With a median sold price of $415,000, the market demonstrates strong demand and pricing, appealing to both buyers and sellers.