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By the numbers: An incredible year in Maine real estate

Though the final numbers are not in, it is likely that Maine real estate sales set several records in 2020.

An aerial photograph of 58 Mystic Cove Rd. in Raymond. With 5 bedrooms and 52+ acres, this was one of the state's largest closings in 2020.

An aerial photograph of 58 Mystic Cove Rd. in Raymond. With 5 bedrooms and 52+ acres, this was one of the state’s largest closings in 2020.

 

$4,218,750

The sale price of 58 Mystic Cove Rd. in Raymond, pictured above, according to realtor.com. It sold on October 9 to become one of the state’s biggest 2020 closings. The five bedroom, five-and-a-half bath home sits on over 52 acres with 550 feet of frontage on Sebago Lake.

8.7 percent

Overall price increase for housing in Maine from July to September 2020 as compared to the same time in 2019. This number was calculated by the Federal Housing Finance Agency. Maine ranks 12th in the nation for price increases this year. In first place is Arizona, with an increase of 14.36 percent.

One-in-three

The proportion of buyers who were not living in Maine before purchasing. This is an increase from the usual one-in-four, according to Maine Listings

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From Press Herald: By the numbers: An incredible year in Maine real estate