These Maine cities are even now hotspots for getaway houses

These Maine cities are even now hotspots for getaway houses

Maine’s major holiday spots, which include Bethel and Rangeley, are seeing strong demand for 2nd homes, bucking a nationwide trend exhibiting a dramatic fall in buys.

The real estate site Redfin found a lot more than a 50 percent fall in those people seeking to get second households across the region in comparison with pre-pandemic ranges, pushed down by increased interest prices.

But that isn’t the situation in Maine’s holiday places, which are viewing a lot more demand from customers than source of second homes and ongoing higher costs. The state became a safe and sound haven for out-of-state buyers all through the COVID-19 pandemic. Demand for second houses has not abated, real estate brokers stated, with additional Mainers also acquiring property in childhood trip spots.

Rangeley, a bucolic western Maine city of 1,200 in Franklin County, observed a “coronavirus boom” together with the 2020 sale of the Saddleback Mountain ski resort to Boston buyers who upgraded it. Sales carry on at a brisk tempo, reported Jamie Eastlack, co-owner of Morton & Furbish Actual Estate in Rangeley.

“In the past 12 months, we’ve noticed extra new people arrive listed here,” he explained. “The pandemic and Saddleback put Rangeley back on the map.”