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Knox County home sales remain robust

By Stephen Betts | May 22, 2020

Despite an economic free fall brought on by the COVID-19 outbreak and ensuing business restrictions, home sales continued to thrive in Knox County.

The number of single-family homes sold in Knox County for the three-month period ending April 30 was 107, up from 89 during the same period in 2019, according to Maine Listings which is a subsidiary of the Maine Association of Realtors. That represented a 20% increase in sales.

In 2018 during the Feb. 1 through April 30 stretch, there were 108 home sales in Knox County. In 2017, there were 120 sales.

The median price of single-family homes in Knox County was $248,000 during the past three months. This is a 4.2% increase from the median price last year of $238,000. This was also more than the $211,000 median during the same months in 2018, and $186,500 in 2017.

The Knox County housing market is stronger than the state as a whole, according to the statistics.

The number of single-family home sales statewide dropped by 4.5% from Feb. 1 through April 30, compared to a year earlier. The median price statewide rose 9.6% from $208,000 to $228,000.

Median prices in Maine ranged from a high of $334,900 in Cumberland County to a low of $91,500 in Aroostook County.

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Comments (4)
Posted by: Melissa Byer | May 23, 2020 11:41

Ananur Forma you are missing the point. All the locals sell their houses BIG money comes in and they do anything they want. Pay off who they want and that is that. I will check back with you in a couple years and we can see how it is going for ya!

Posted by: Melissa Byer | May 23, 2020 11:37

They are only selling because then the state will be called little California!

Posted by: Stephen K Carroll | May 23, 2020 09:35

The "median" (meaning middle) price of a single famly home in knox county was $248,000 in the last three months.  This means in the winter during the height of the pandemic the average selling price was a quarter of a million dollars.  This means half of the houses were purchased at slightly over this figure and half slightly under.  Since many "locals" are struggling to get even $150,000 for their home,  I think a deeper dive into these statistics would bring forth a more interesting story.  Particularly, who is buying these homes and where are they from ?  Perhaps a local Real Estate agent could enlighten me, but these numbers seam to indicate a "gentrifying" of the area.  Wealthy out of staters building "trophy" homes on the ocean and  lakes , or buying up local properties at bargain basement prices.  Remember, if you live in California, New York or Connecticut you pay much more for housing & taxes than here on the coast.  These buyers have actually benefited from the economic collapse.  Our town is changing and will likely not be recognizable in 10 years, nor will be your neighbor.

Posted by: ananur forma | May 22, 2020 09:27

I'm glad that houses are selling. I am concerned however that Bay Communications is insistent on suing the City of Rockland for rejecting (The Planning Board thank goodness said, "No !" in February) the idea of a 120 ft. plus ugly cell tower next to Pizza Hut. This location would be perfect for someone's business not an ugly tower that would for sure ruin the look of Rockland not to mention radiation emitting frequencies our brains do NOT want. When 5G comes along the cell tower will cause havoc with our brains and not be healthy for any of us in Rockland. Again this is NOT a Pen Bay Acres issue. There's Shore Acres,  Shaw's Shopping with lots of stores there we all go to,  Woodlands Alzheimers Care , Good Will and..... the natural of beauty of Rockland to be caring about. If there is a cell tower to be built in your neighborhood let me know, email me for support,  I am extremely concerned about cell towers and their effects on animals, our pets and our human lives.*  Wish there wasn't a huge one on the Fire House. So far they are healthy Thank God.

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