Are you interested in a waterfront property? Well, this is truly one of the healthiest lifestyle choices that one can make. Surrounded by nature on all sides, these houses can be the closest living options for enjoying outdoor activities. Gifted with a breathtaking view and several options for recreation such as fishing, swimming, or boating, these waterfront properties are both suitable for permanent living as well as vacation retreats.
Over the last decade, the real estate for such coastal or waterfront properties, especially around Maine, has seen significant changes. A lot of new trends has been noticed when it comes to the real estate properties near the waterfront. So, if you are planning to invest in this type of property, then you should know about these recent trends. Here, we have listed a few for you. Take a look.
1. Increase in Sales of Lake Homes
Firstly, you should know that the waterfront real estate market has experienced a sudden boom in sales in the last couple of years. Waterfront living seems to be the latest trend that more and more homebuyers are embracing. Whether as a permanent home or a vacation home, people are investing in the Maine lake homes for sale. This has become even more popular because of the reasonable interest rates. But even cash transactions are quite common when it comes to waterfront properties. So, an increase in the sales of such waterfront homes is definitely one trend of the waterfront properties in Maine.
2. Advance Selling Season
As you must know that even real estate have their peak seasons. And now the selling season for such waterfront or coastal properties has advanced and started sooner than usual. Research shows that there has been a substantial improvement in the number of final transactions as well as pending transactions of these homes. There are some areas which have witnessed complete sold out and there are a few others which are pending. And the general idea is that buyers are viewing, liking, and buying.
3. Increase in the Listing Sites
This increase in the demand for waterfront properties has also spurred the growth of real estate property listing websites which have several kinds of waterfront homes listed for your convenience. These listings include both the information about individual properties as well as information about the areas and water bodies. This has become increasingly convenient because you are likely to find properties here which are not found on the MLS system. These listing sites are useful because these also allow a customized property search where you have to just tell them the sort of property you are looking for and they will do a customized search across all their personal resources along with the statewide MLS system – and everything that they find, based on your criteria, will be emailed to you.
So, now that you know about these trends, it may be the right time for you to consider investing in a waterfront property. And if you are interested in the Maine coastal property, then make a list of your priorities and criteria and go to a real estate website with customized search facilities so that you can find your dream waterfront home sooner.
Author Bio: Jon Woods, a regular blogger on Maine coastal property, here writes on a few real estate trends related to the waterfront properties of Maine such an increase in the Maine lake homes for sale.