From 1998 to 2005 Maine Waterfront real estate, including lakefront property, appreciated at a rate of 10 to 15% per year. Since Autumn 2005 property values have stopped climbing. In fact, in some cases, they may have fallen a bit. However, the bottom has not fallen out of the waterfront real estate market in Maine. Lakefront buyers who are waiting for a big drop in values might regret their decision to wait. Here’s why.
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