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Updated: December 7, 2023

Soaring second-home market lands two Maine counties in national ranking

Peter Van Allen York and Cumberland counties ranked in the top 5 on a national list of spots with the greatest gains in second-home purchases.

York County has Maine's second-highest median sales price for homes, but has priority billing on a national list.

Maine's southern-most county ranks No. 3 on the website Pacaso's list of top 10 markets with the biggest increases in second-home sales.

Pacaso, which tracks the buying and selling of luxury second homes, reported that York County had a 16% increase, year over year, in transactions of second homes. The average sale price was $2.075 million.

Cumberland County ranked No. 5 on the list, with a 14% increase and an average price of $1.7 million.

The list was topped by Rhode Island's Newport County, whose transaction volume rose by 64%. Florida's Volusia County, whose largest city is Daytona Beach, rose by 19% but also laid claim to the highest average price, at $4 million.

Courtesy / Pacaso
York and Cumberland counties in Maine made the top 5, while Rockingham County in New Hampshire earned the No. 7 spot.

New England was well-represented on the list, with five of the 10 listings.

Pacaso, a technology-enabled real estate marketplace that helps people buy, co-own and sell luxury second homes, released its third annual "Top Second Home Markets Report" on Wednesday.

It identifies the leading luxury second-home markets for 2023 and introduces some markets to watch in 2024.

The report reveals the top 10 U.S. counties seeing the biggest annual increases in second-home transactions and the largest year-over-year appreciation for homes priced above $1 million.

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