BANGOR DAILY NEWS • June 27, 2024
Marcus Groff bought his cozy Ogunquit cottage 10 years ago for $315,000. Earlier this month, Groff listed the property for $825,000. That trend has rendered the neighborhood largely unrecognizable in just a decade, he said. The value of a typical Ogunquit home soared by nearly 132 percent from 2014 to 2024, which was among the largest increases in the area. In May, that typical value sat at $915,000. It’s a similar situation in Saco. An 870-square-foot home on Ferry Beach is on the market for $829,000, even though it can only be used for three seasons. It was built in 1951 and last sold in 1994 for only $113,000.