BANGOR DAILY NEWS • April 26, 2022
In 30 years of selling real estate, Peter McPhail has never seen anything like what’s going on with farm sales in Maine right now. McPhail is co-owner of Lifestyle Properties of Maine, a real estate company based in the state and a history of large land parcel and farm listings. The company currently has 142 farm properties listed for sale on its website. And the few farms that are on the market are selling fast, sometimes before they are even officially listed. “Supply and demand is way out of balance,” McPhail said. “That’s why sales are actually down — not because of the demand, but because of lack of inventory.”