Legacy Properties Sotheby’s International Realty Reports New Records in 2022 for Maine Home Sales: Average Sale Price Rises to $890,000 and Company Attains #3 in Total Maine Sales

by | Feb 21, 2023

Portland, Maine (February 2023) Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announced that it achieved annual property sales of $845 million in 2022, totaling 949 sides and a record-breaking average sales price of $890,000. The company also beat its own record for its highest-value property with the sale of “Floating Boulder” in Orland, Maine, for $8.5 million and boasts numerous record sales in multiple communities throughout the state. Legacy Properties Sotheby’s International Realty continues a long-running string of record-breaking annual performances. 

“We were well positioned and fortunate to benefit from a flight to quality when buyers and sellers were choosing a real estate company to help them,” said Chris Lynch, President. “With an excellent team of experienced agents, we found that given the complex and dynamic market, our clients wanted to be sure to get the best advice to help them achieve their real estate goals.” 

Legacy Properties Sotheby’s International Realty is also proud to report that it continues to be the #3 residential real estate company in Maine for the second consecutive year. “We have made so much progress in gaining market share that ranking #2 at some point in the near future is not far away. While ranking in the top 5 for several years, our smart and strategic growth propelled us to this level. The agencies ahead of us have many more agents than we do, but our productivity per agent is extraordinarily high and more than makes up the difference,” adds Lynch. “Our average sale price for all properties was $890,000 per property sold. We have excelled in our ability to put our buyer clients in a position to succeed in such a competitive market environment while also securing many of the most attractive listings in Maine.” 

Legacy Properties Sotheby’s International Realty attributes its success to offering its listing clients a very strong package of marketing services, including critical professional photography, Matterport 3D Virtual Tours, glossy print advertising, global property distribution through its exclusive network of agents, and luxury branding through its affiliation with Sotheby’s International Realty. “We have invested in new tools, staffing, and the addition of our newest office in Northeast Harbor,” states Chris Fortunato, Chief Operating Officer. “Our commitment to our clients’ success at every level of the company is as strong and determined as ever given the more challenging market environment.”

“Our clients deserved the focus and attention of each of our agents with a customized plan. We have, for several years, sold more special homes for more money than any other real estate company in Maine. We could not be more pleased with the results we have achieved for our clients this past year,” states Lynch.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and [email protected]. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, is Maine’s leading luxury and lifestyle property company with six offices and more than 90 agents serving Maine and New Hampshire’s coastal, lake, and mountain communities.

Offices Located at:

2 City Center, Portland, ME 04101 // 207.780.8900 (Greater Portland Maine Real Estate)

150 Port Road, Kennebunk, ME 04043 // 207.967.0934 (Southern Maine and Seacoast New Hampshire Real Estate)

141 Maine Street, Brunswick, ME 04011 // 207.729.2820 (Mid Coast Maine Real Estate)

170 Main Street, Damariscotta, ME 04543 // 207.563.2775 (Boothbay Harbor, Damariscotta, and Bristol Regions Real Estate)

46 Bay View Street, Camden, ME 04843 // 207.230.1003 (Rockland, Camden, and North to Mount Desert Real Estate)

6 Neighborhood Road, Northeast Harbor, ME 04662 // 207.780.8900 (Mount Desert, Bar Harbor, and Hancock County)