Feeling '22

Emilie Cole  |  January 3, 2022

Feeling '22

Happy New Year! 

As we are busy mapping goals and charting steps for 2022, I believe it's an important practice to look back and reflect on how we have arrived at this jumping-off point.

Deep into a pandemic, 2021 didn't begin with a sleepy start but rather it was a continuation of a hot real estate market in Maine. Throughout the first two quarters, homes for sale spent mere days on the market and were met with multiple offer contests often with buyers paying over asking price and waiving inspections to secure the deal. In April I listed 15 Hedgerow Drive in Falmouth for $875,000. We had 90 showings, 34 offers, and it sold for $475,000 over list at $1,350,000. It broke state records at the time and was the talk of the industry.

Come Fall, inventory was at an all-time low and as folks returned to the rhythm of work and school routines we started to see a bit of a "slow-down." Instead of 1-3 days on the market, homes were going under contract in 3-7 days or more and some accepted offers also included home inspection contingencies. This was a welcome reprieve for all, including first time home buyers who were initiated into the process with unprecedented practices. 

Despite wearing masks and gloves and being mindful of homeowners comfort levels having strangers tour their homes during these unsettled times, it was a year rich with emotion: wins and losses, learning and growing, and milestone moments. I was proud to represent 13 couples and families totaling $12M in sales volume for 2021.

Experts predict the upward trend in home prices in Maine will continue in 2022 and beyond. With our impressive landscape, access to the ocean, lakes and mountains, award-winning cuisine and friendly neighbors it's no wonder so many are choosing Vacationland to relocate, retire or stay seasonally. #thewaylifeshouldbe


Photo by Peter Morneau

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