real estate: Maine Waterfront Real Estate - Latest News - 11/23/09 12:32 AM
Maine is well know for it dramatic oceanfront.  When it comes to real estate along the coast you have many options - from the northern most regions which are fairly remote (and less expensive), to the southern coast which is much more urban and decidedly more expensive.
Our most recent newsletter featured an article on Maine Waterfront real estate, especially homes along the oceanfront.  If you are interested in what has sold, and at what prices, details can be found here - Maine Waterfront Homes.
Like other parts of the county sales and prices for oceanfront (and lakefront) homes have declined, … (0 comments)

real estate: Maine Home Sales Report - 2008 - 02/13/09 11:38 PM
We have just updated our 2008 full year sales results for southern Maine, and as expected sales in nearly every town and community are below 2007 levels. Prices, contrary to what you might have been led to believe, have not fallen as sharply. Complete sales results and market statistics are available online at our website at: Maine Real Estate Sales – 2008.
Complete reports for 2008, 2007, 2006 and 2005 are also available for download.
Maine Real Estate Sales ReportsBut, all thing being equal, price continues to be a significant issue and fundamental to the success of every property transaction during … (0 comments)

real estate: Maine Real Estate Industry Contracts - 01/07/09 06:24 AM
With fewer homes selling in Maine, those involved in the real estate industry - agents, mortgage lenders, home inspectors and appraisers - are all feeling the affects.
Through December of 2008, the number of people licensed to sell real estate in Maine declined 13.5% in the past year, and the number of people obtaining entry-level licenses fell 70%. The number of mortgage lenders is also dwindling. As of year end there were 60% fewer licensed lending office, and the number of licensed loan brokers is down 25 %. These statistics are kept by the state’s Office of Licensing and Registration.
As … (0 comments)

real estate: Maine State Pier Development May Move Forward - 12/16/08 10:33 PM
On Monday the Portland City Council held a workshop to discuss the future development of the Maine State Pier.  The result was an informal decision to re-open negotiations with Portsmouth-based Ocean Properties.
Three options were presented by the city manager's office for moving forward with the redevelopment of the pier and in the end they chose to move ahead with Ocean Properties, who last year lost the bid for the development project to local competitor The Olympia Cos. The city council scheduled a formal vote on the matter next month. At this time there is still no final decision on whether … (0 comments)

real estate: Top National Websites for November 2008 - 12/11/08 05:22 AM
Competition among national real estate sites is very competitive, to say the least. Keeping track of the top 10 visited each month is an obsession, since it has such a direct bearing on advertising revenue. According to Hitwise, a national tracking service, the sites with the highest market shares in the month of November 2008 were:
1. 2. Yahoo Real Estate 3. 4. 5. 6. RE/ 7. 8. Service 9. US Dept of Housing and Urban Development 10.
The interesting thing about these results, however, is that most people who eventually are ready to … (3 comments)

real estate: Maine Foreclosures Down in September - 10/30/08 09:22 AM
For September 2008 and Q3 2008 National foreclosure filings were reported on 265,968 properties representing a 12% decrease from the previous month but still a 21% increase from September 2007. One in every 475 U.S. housing units received a foreclosure filing in September.
In its most recent report completed by RealtyTrac, Maine ranked 41st in the country in total foreclosures, with one in every 2,996 homes receiving a foreclosure filing. Filings are down 4.1% for the Q3 vs Q2, but up over 1,000% compared to last year. Percentage increases can often sound startling, but in reality be somewhat misleading. 102 foreclosures … (0 comments)

real estate: Maine Home Sale Reports Updated - 10/28/08 09:42 AM
At our website - MaineHomeConnection - we just updated our 2008 homes sales statistics through the first three quarters of 2008. Sales results are available for York and Cumberland Counties in total, as well as selected individual cities and towns. Details are available at the link Home Sales and individual City pages.
Although unit sales for both single-family homes and condos are down in virtually every town, pricing has not experienced the same dramatic decreases, which is encouraging for sellers.
For the month of September the median sales price for a single-family existing home was $177,750, down 6.5% from one year … (0 comments)

Laura & Michael Sosnowski,        Maine's Premier Online Real Estate Resource (Maine Home Connection)

Laura & Michael Sosnowski

Maine's Premier Online Real Estate Resource

Portland, ME

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Maine Home Connection

Address: 19 Commercial St, Portland, ME, 04101

Office: (207) 517-3100

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Keep up to date with Maine Real Estate Trends and News, focusing on Southern Maine - Greater Portland.

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