Vacation home prices in this part of Maine nearly doubled in a year

BANGOR DAILY NEWS • May 10, 2022

Second home prices in Cumberland County almost doubled over the past year as cash buyers and remote workers flocked to Maine, snapping up year-round residences in addition to seasonal ones. The median price for a second home was up 91.3 percent in Cumberland County in the first quarter of this year compared with last year, a recent study by real estate marketplace Pacaso found. That is the second highest rise in the country. York County also made Pacaso’s top 10 with a 45.8 percent rise in prices.