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.

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.

In a press release to the media today, Maine home sales decreased -5.51% comparing November 2023 to November 2022. The median sales price (MSP) was $355,000, a 9.23% increase in that same time period. NAR reports that existing home sales were down, and median sales prices were up nationally and in the northeast comparing November 2023 to November 2022.

When it comes to understanding the real estate market, there are several important metrics that can give buyers and sellers valuable insights. Today we will be specifically focusing on the correlation between various key indicators. Whether you are a buyer or a seller, understanding these metrics is crucial in making informed decisions in the ever-changing real estate market.

Christmas Prelude in Kennebunkport, Maine, is more than just a series of events; it's a magical experience that captures the true spirit of the holiday season. From the twinkling lights and festive parades to the warmth of community and the rich history of the town, Christmas Prelude offers a unique celebration that will leave you with cherished memories and a heart full of holiday joy. So, bundle up, embrace the magic, and make your way to Kennebunkport to experience the enchantment of Christmas Prelude.

Join Portside Real Estate Group's extended Pop Up Holiday Drive, running until December 24th! Donate goods at our Falmouth, Brunswick, and Kennebunk locations, supporting the Maine Children's Home Christmas Program. Can't make it in person? Order from our Amazon Wishlist by 12/3 for direct shipping or let us handle donations and purchases on your behalf! Spread joy this season

Boulangerie Bakery in Kennebunk, Maine, is not your average bakery. This charming French-inspired bakery has been a local favorite for over two decades, and for good reason. From the moment you walk in, you're greeted with the intoxicating aroma of freshly baked bread and a warm and inviting atmosphere. And the baked goods? They're out of this world. From their traditional French baguettes to their flaky pastries and mouth-watering sandwiches, everything is made with the highest quality ingredients and baked fresh every day. Whether you're a local or just passing through, Boulangerie Bakery is a must-visit destination for anyone who appreciates good food and a cozy atmosphere.

August 2023, York County 

In the ever-evolving realm of real estate, knowledge is power. To make informed decisions in the housing market, understanding key metrics is crucial. This article takes you on a journey through the numbers that shape the landscape for both buyers and sellers.