Courtesy / City of Presque Isle Facebook
The city of Presque Isle made the Top 10 "hottest" list for the first time, landing in second place.
Updated: January 28, 2022
Belfast tops list for Maine’s hottest home sales
COURTESY / BELFAST AREA CHAMBER OF COMMERCE
The city of Belfast topped this year's Top 10 list of Maine communities with the hottest home sales.
By Staff
The city of Belfast charged to first place in an annual list of Maine municipalities with the year’s hottest home sales.
In 2021, Belfast recorded a 26% increase in the number of homes sold. In addition, the median sale price soared from $245,000 to $300,000, the second-highest jump on the list at 22.4%, according to a news release.
The list, based on data from the multiple listing service operated by Maine Real Estate Information Services Inc., was compiled by Maine Life Real Estate. The Top 10 list comprises cities and towns with the largest increases in the number of home and condo sales in 2021, compared with numbers in 2020.
Overall, demand for housing has stayed high, resulting in continued growth across the state. There were some surprises: Of this year’s top 10, only two remain from 2020’s list. Lisbon, which landed at No. 10 in 2020, rose to No. 6 in 2021. Old Orchard Beach was No. 9 in 2020 but climbed in 2021 to No. 4.
Others communities were new on the list this year, or reappeared from earlier years.
2. Presque Isle made the list for the first time, with a 21.6% increase in the number of homes sold for 2021. Though the number of homes sold jumped dramatically, the median sale price stayed consistent for 2020 and 2021 with no rise.
3. Portland sold 1,065 homes in 2021, an increase of 20.6% over 2020. With the biggest increase in median sale price for all of the towns on this year’s list, Portland saw a whopping 26.8% increase in 2021, leaping from $365,000 in 2020 to $463,000 in 2021.
4. Old Orchard Beach was on the 2020 list and continued to grow, with an increase of 16.8% in the number of homes sold for 2021. In 2020, the median sale price in Old Orchard Beach was $300,000 and in 2021, there was a 20.8% increase to $362,500.
5. Westbrook last made the list in 2016. From 2020 to 2021, it saw a 15.2% increase in the number of homes sold and the median sale price jumped 17.2% from $290,000 to $340,000. Westbrook has seen growth in all aspects with the population jumping by 16.6% from 2010 to 2020, making it the fastest-growing city in Maine.
6. Lisbon saw a growth of 14.5% in the number of homes sold and a 12.4% increase in the median sale price from $213,500 to $240,00.
7. Naples saw an increase of 12.1% for 2021. The median sale price climbed from $265,000 to an impressive $300,000 — a nearly 17% increase.
8. Bangor, Maine’s third-most populous city, made the list for the first time since 2016. Bangor saw an 11.2% increase in the number of homes sold and a median price increase of 16.6%, rising from $169,720 to $198,000.
9. Augusta was No. 2 on the list in 2019, then dropped off completely. Now Augusta has climbed its way back into the spotlight, with 290 units sold in 2021 for a 9.8% growth from its 2020 sales. The median sale price increased a tremendous 21.2%, going from $165,000 in 2020 to $200,000 in 2021.
10. Scarborough had mellower statistics compared to the other towns on the list, but still saw a leap of 7.4% of the total number of homes sold for 2021 and a median sale price of $500,00 — a price increase of 8.7% from 2020. Making the list in 2017, 2019 and now 2021, Scarborough’s real estate market continues to grow now that the Downs project is well under way.
Courtesy / Maine Life Real Estate
Only Lisbon and Old Orchard Beach are carryovers from the 2020 list.
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