It seems as though the secret is out – the Sugarloaf area is an ideal place to live. Carrabassett Valley and towns nearby like Kingfield, Stratton and Eustis are beautiful, quiet idylls that offer much in the way of recreational opportunities, sense of community and plenty more. Clearly, people are starting to notice.
Whether it’s that buyers are looking to relocate, looking for a second home or vacation property, or are interested in making an investment, this market is seeing demand for inventory like perhaps never before in Sugarloaf’s history.
The resort itself is growing and adapting, while continuing to be all the things people want in, and love about, their “home” ski mountain. Home is where the heart is right? Sugarloaf feels like that for many, plenty of whom would like to own property here. The only wrench in the works on that front is inventory. Right now, it’s low!
At the moment there just aren’t many properties for sale, in Carrabassett Valley especially, but there is plenty of demand. Both lots and homes are selling much faster than in years before, with the average time on the market in 2021 just under 12 days. In an active market like this, getting multiple bids on listings and asking for offers to be submitted by a certain date is commonplace. Often the accepted offer is a cash deal, with limited contingencies and no need for an appraisal. Not to mention, median sale prices of residential properties in Carrabassett Valley have increased over 62 % since 2020. Demand is enabling sellers to set terms that suit their needs and interests best.
Here at Mountainside Real Estate we have a team of experts who are locals, an office in the heart of Sugarloaf Village, and experience that gives us unique insights into this unconventional market. And longstanding relationships with resort and property management as well as knowledge of association rules and resort operations, make MSRE brokers especially qualified when representing sellers AND buyers of property at and around Sugarloaf.
We’d love to help you list your home and take advantage of the opportunities the current market is presenting. If you are interested in listing your property, would like to learn more about the current market or would like a free market evaluation of your home, please reach out to us by phone, email or social media OR stop by and visit our office, open daily from 8:30am to 5pm.