Spring has arrived on Toddy Pond and the ice is now a distant memory.  With all the changes Spring brings, one aspect that looks to not be changing is the real estate market for Toddy Pond.  Much like 2021 & 2022, 2023 appears to be another low inventory/high demand season for real estate on not only Toddy, but most of the freshwater lakes and ponds in Hancock County.  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 the 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.  This all said, there does not seem to be an end of folks coming to Hancock County with interest in buying property on one of our beautiful lakes or ponds.  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 Toddy Pond, another frustrating year for many buyers and an absolutely ecstatic year for the lucky few who manage to purchase a home or land on the pond.

Looking at the numbers, as of April 26, 2023, 15 properties have sold on the pond within the four towns of Toddy (Surry, Orland, Penobscot & Blue Hill) since January 1, 2022.  Of these 15 Toddy Pond sales, the median days on market before going under contract was 8 days.  That’s fast!  There are 2 Toddy Pond properties currently under contract to sell and 1 available for purchase.  Below is a rundown of all these Toddy properties.  The “SOLD” listings display their associated purchase prices.

Hoping that you have enjoyed our Spring 2023 market summary for lovely Toddy Pond brought to you by Pemetic Purveyors.  Along with financially supporting the noble efforts of Toddy Pond Association (check out the link if you’ve never visited their site!), we love to assist both sellers and buyers on Toddy Pond.  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 April 26, 2023)

1 Lakeside Way, Orland ~ $700,000
124 Decorum Road, Surry ~ $662,000
58 Short Point Way, Orland ~ $651,000
3 Dragonfly Lane, Blue Hill ~ $545,000
26 Loon Way, Orland ~ $535,000
87 East Toddy Way, Orland ~ $405,000
170 Sunset Cove Way, Orland ~ $385,000 (re-sale of the same property below)
170 Sunset Cove Way, Orland ~ $375,000
18 Loon Way, Orland ~ $335,000
18 Loon Way, Orland ~ $330,000  (re-sale of the same property above)
92 Conary Way, Orland ~ $250,000
0 Toddy Drive, Penobscot ~ $145,000
245 Cross Cut Road, Blue Hill ~ $92,500

UNDER CONTRACT (As of April 26, 2023)

1165 Acadia Highway (Rt.1), Orland with a list price of $999,500
17 Evergreen Way, Orland with a list price of $899,000

AVAILABLE TO PURCHASE (As of April 26, 2023)

25 Lois Lane, Penobscot with a list price of $389,000