maine home prices: Maine Real Estate Market Update - The numbers are in! - 09/23/13 02:38 AM

This is the headline of the latest press release from the Maine Association of Realtors.  However, as you can imagine, headlines (and even some statistics) don't always tell the full story.  So what do the latest figures mean to you?
Most Maine counties saw an increase in both the number of sales and the median sale price for this past quarter when compared to the same period last year.  This does give indications that our real estate market is strong and on it's way to recovery.  However, an … (0 comments)

maine home prices: The Median Home Price Is Up, So My Home Is Worth More...Right? - 03/03/13 01:36 AM
The Median Home Price Is Up, So My Home Is Worth More...right?
Press releases have touted a steady rise in median home prices in Maine over the past several months.  Yes, this trend is good news for Maine home sellers, but what does it actually mean for your home’s market value?
As detailed in the press releases, the “median sales price" is basically the middle.  Half of the homes sold for more, and half of the homes sold for less.  While the steady increase does show a trend, it does not automatically translate into the same percentage increase in the value of your … (19 comments)

maine home prices: My House Didn't Sell...Now What? - 08/19/12 08:56 PM
My House Didn’t Sell...Now What?Time to ask the hard questions.As a Lewiston-Auburn Maine Realtor®, I speak with many home sellers who are feeling the pain and frustration of of being left with an unsold home at the end of their listing agreement with another agent. The art and science of selling a home comes down to three factors:  Price, Condition, and Marketing.  These factors must be in sync in order to realize a successful sale.  Having gone through this myself before my life in the real estate world, I know all too well the toll an unsold home can have on … (2 comments)

maine home prices: What Do Home Values & Bo Diddley Have In Common? - 07/10/12 03:41 AM
I couldn’t help but think of the movie Trading Places today while having a discussion with the listing agent for an overpriced home.  Now this isn’t your run of the mill, “let’s price it a little high to leave wiggle room,” listing.  This is an inexplicably overpriced home, soaring above the market value by about $100,000.

*******************************************Dan Aykroyd:  “Fifty bucks? No, no, no. This is a Rouchefoucauld. The thinnest water-resistant watch in the world. Singularly unique, sculptured in design, hand-crafted in Switzerland, and water resistant to three atmospheres. This is *the* sports watch of the '80s. Six thousand, nine hundred … (6 comments)

maine home prices: Huffington Post Lists Maine in it's "10 States Where Home Prices Have Actually Risen" - 11/29/10 05:01 AM
As the news of the nation continues to focus on declining home prices, there is actually some good news in a few states.  The Huffington Post put out an article today entitled "10 States Where Home Prices Have Actually Risen Over The Last Year."  The great state of Maine made it to #6 on the list.
While Maine home prices have not rebounded to the point they were at five years ago, there has been a statewide increase of 1.17% over the last year and a gain of 3.62% in the last quarter.  This reaffirms what Maine Realtors have been noticing … (10 comments)

maine home prices: How Is The Real Estate Market in Maine? Androscoggin County - 04/15/10 03:06 AM
State of the Market:  Androscoggin County
Are Homes Selling?
How Are Prices?
What Does It All Mean To Me?
The most recent rolling quarter home sale statistics were released from the Maine Real Estate Information System showing a 21.88% increase in the number of homes sold and a 6.67% increase in the median sale price as compared to the same period last year for Androscoggin County!
Statewide, the median sale price of existing single-family homes remained the same compared with last year, although here in Androscoggin County we showed an increase.  The national median sales price actually dipped 2.1%.  According to the … (0 comments)