Housing Trends

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Asked any local Realtor about 2013 business and you will receive similar answers. The year started robustly with a large number of land sales (relatively quiet for the past several years) and home purchases to first-time buyers. To me, both trends suggested confidence in the future and that folks felt their jobs were secure. Expectations were that summer would sizzle. What happened was more like a summer fizzle. More inquiries and showings did not lead to contracts. Many blamed the sudden jump in interest rates. While that may have been a contributing factor, I sensed a return to the economic uncertainty that has hovered over us for the past several years.

Having said that, the past month has been busy with a mix of land, primary homes and second homes going ‘under agreement’ and to settlement. I am not sure what has started this burst of activity but I do know that buyers are taking advantage of the inventory and getting some very good deals while interest rates are still historically low.

May I suggest taking a look at one prominent Center Lovell home? Conveniently located at the top of Old Stage Road, with 1.6 acres and beautiful White Mountain views, this is the perfect year-round or second home. Please click here for additional photos and detailed information. We would be pleased to show you this exceptional property.

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About kezarlife

I am a year-round resident of Lovell, owner of Kezar Realty (KezarRealty.com) and enjoy the variety of experiences that living in western Maine offers. Numerous lakes, ponds and mountains provide the opportunity to enjoy the outdoors every day. Married to Rondi we have two children. Ben is a Sergeant in the US Marines and with his wife Cassandra, son Jackson and daughter Reagan, live in Virginia. Ben's most recent deployment was to Afghanistan. Anna is a graduate of Fryeburg Academy, has studied in Beijing, China as well as Taiwan and now attends Hunter College in NYC where she is enrolled in their Chinese Flagship Program. I am active in many local organizations including the Charlotte Hobbs Memorial Library, Lovell Historical Society, Old Home Days, Lovell 5k Run, the Gasping Gobbler, the Tour de Lovell and the Brick Church for the Performing Arts. I also serve as President-elect of the Western Maine Board of Realtors. Please visit www.KezarRealty.com for up-to-date real estate listings and information on western Maine! Stan Tupaj
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