The Canada geese have returned to the shores of Trenton and soon boats will bob on their moorings in Western & Union River Bays.  With all the changes Spring brings, one aspect that looks to not be changing this year is the real estate market for Trenton.  Much like 2021 & 2022, 2023 appears to be another low inventory/high demand season for real estate not only in Trenton, but for most of the coastline in Hancock County, especially so for towns surrounding Acadia National Park.  In fact, Spring 2023 may be the lowest level of inventory we have seen in our 19 years of full time brokerage here.

While the current market conditions are a delight to most sellers, they continue to disappoint many buyers.  We have seen anecdotal signs of some buyers stepping out of the market based on frustration experienced with multiple offer scenarios, inability to compete with cash buyers and climbing values.  Increasing interest rates are also serving to dampen some buyers’ aspirations, but this does not seem to have had all that significant of an impact on the level of buyer demand locally, especially so with waterfront buyers.  This all said, there does not seem to be an end of folks coming to Hancock County with interest in buying property along our beautiful coastline.  The current low level of inventory remains vastly overwhelmed by the high buyer demand.  Though interest rates are forecast to continue their creep higher in 2023 (albeit less so than in 2022), all signs point to 2023 being another stellar year for sellers on the water in Trenton, another frustrating year for many buyers and an absolutely ecstatic year for the lucky few who manage to purchase a home or land on these fine shores.

Looking at the numbers, as of May 24, 2023, 8 homes and no land parcels have sold on Trenton’s waterfront since January 1, 2022.  Of these 8 sales, the median days on market before going under contract was 19 days.  Only 1 of these 8 sales found it necessary to lower their list price before going under contract.  This means sellers on the water in Trenton are generally receiving near, at or above their list prices these days.

There are currently two Trenton waterfront properties under contract to sell and NONE available for purchase.  Wow…talk about low supply, this is the definition of it.  Below is a rundown on all these waterfront properties.  The “SOLD” listings display their associated purchase prices.

Hoping that you have enjoyed our Spring 2023 market summary for Trenton’s lovely shorefront brought to you by Pemetic Purveyors.  We have lived on the water in Trenton for over 20 years and love to assist both sellers and buyers here.  Please consider our services when you or those you know are in need of expert brokerage assistance.

Until next time, counting down the days ’til Summer!

Ryan & Julee

SOLD (From Jan. 1, 2022 to May 24, 2023)

8 Honey Bear Lane, Trenton  ~ $1,275,000
66 Heather Cove Lane, Trenton ~ $950,000
58 Pressey Lane, Trenton ~ $940,000
42 Lords Beach Road, Trenton ~ $895,000
42 Nutting Lane, Trenton ~ $760,500
1033 Bayside Road, Trenton ~ $519,000
230 Oak Point Road, Trenton ~ $305,000
64 Mill Cove Road, Trenton ~ $200,000

UNDER CONTRACT (As of May 24, 2023)

51 Jordan River Road, Trenton (formerly Bar Harbor Golf Course) with a list price of $3,200,000
37 & 50 Bucklin Road, Trenton with a list price of $1,799,500

AVAILABLE TO PURCHASE (As of May 24, 2023)

795 Bar Harbor Road, Trenton (land) with a list price of $325,000