Maine Home Sales Up 18.6% in January, Median Price Up 5.1% - 02/27/10 04:55 PM
The numbers are in for January, 484 existing single family homes were sold by real estate agents, which compares to 408 in January 2009, a gain of 18.63%.  The median price of these homes climbed to $160,000 vs. $152,250 in January 2009, a gain of 5.09%. 
Nationally the increase is only 8.6% for the same period and a slight decrease in median sales price to 163,600.  In the Northeast, sales increased 22.4% and the median price reached $245,300, a gain of 8.8 percent.  Maine is doing better than the nation, but not as well as the rest of the Northeast.
In … (0 comments)

$8000 Where's The Credit? - 02/24/10 09:56 AM
One of my favorite clients, who has just passed the CPA Exam (congratulations Katya), became first time home buyers in 2009, the date was my birthday October 9, which is why I will always remember it.  Rather than wait for their 2009 return, she filed a revision for 2008 and was expecting the credit before the end of the year. 
As you can probably guess, we are in the last week of February and no credit yet, the IRS doesn't have the manpower to deal with this right now.  The good news is that she is getting 5% interest on the … (3 comments)

Zillow’s Quarterly Survey Shows Homeowner’s Perceptions Are Catching Up to Reality - 02/19/10 10:35 AM

Twenty percent of homeowners believed their home increased in value, although Zillow reports that 28 percent actually did.  Half of homeowners believe their own homes lost value during 2009, while 30 percent believed their homes' values stayed the same. In reality, according to Zillow, 65 percent of homes lost value during the year, and values remained the same for 7 percent.
Zillow's "Misperception Index" nationally comes in a -2 (0 shows when perceptions are in line with reality).  However the Misperception in New England comes in at 14 percent.  Unfortunately Zillow does not measure the Portland, Maine market yet.
However, homeowners … (0 comments)

Out and About This Weekend – Chinese New Year Celebration in Portland - 02/03/10 01:22 PM

On Saturday, February 6th, the Chinese American Friendship Association of Maine (CAFAM) will be celebrating the upcoming Chinese New Year (The Year of the Tiger) at Catherine McAuley High School, 631 Stevens Avenue, Portland from 10:30 A.M. to 4 P.M.
 
The event will feature Chinese crafts and games for kids, Chinese music and folk dance (including the debut of my 3-year-old daughter Emily), Interactive workshops and demos and, of course, fantastic Chinese food and merchandise.
 
Admission is $5 for adults ($3 for CAFAM Members), $3 for Kids ($2 for CAFAM Members) and Free for Kids under 2. For more information call 207-797-4033.
… (0 comments)

 
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Rick Beal

Portland, ME

More about me…

Coldwell Banker Residential Brokerage

Address: 53 Baxter Boulevard, Portland, ME, 04101

Office Phone: (207) 253-3180

Cell Phone: (207) 518-8637

Email Me

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