real estate: Old Port Festival - This Sunday, June 13 - 06/10/10 08:01 AM
It's this Sunday, from 11 - 5.  The festivities kick off with a parade at 11:00am followed by live music, food, shopping, and surprises. 
Events include pony rides, roller coasters, tilt-a-whirl and giant slides for the kids, a rock climbing wall and bungee trampoline for all ages, art and crafts from over 90 local artists and craftspeople, and live music for all tastes.
Parking is available at the Spring Street Garage, Custom House Square Garage, Cumberland County Garage, One City Center Garage, Temple Street Garage, Casco Bay Lines Garage, Top of the Old Port Parking Lot, Elm Street Garage, Gateway Parking Garage and … (0 comments)

real estate: The Tax Credit for First Time Buyers is Gone, Right? - 05/06/10 07:08 AM
The Tax Credit for First Time Buyers is Gone, Right?

Yes, contracts had to be signed by April 30th for the Federal Tax credit, but Maine still has Gift of Green money available.  The Maine State Housing Authority is offering eligible borrowers who use a MaineHousing mortgage:
A grant of $2500 to help with the cash needed for closing, such as any required down payment, closing costs, and prepaids. A coupon worth up to $500 for a 2-part home energy audit. The Gift of Green really is a gift - it will not be added to the loan amount and does not need to be paid … (0 comments)

real estate: Maine Home Sales Rise 14% in February, Prices Stable - 03/24/10 07:42 AM
The real estate market in Maine continued its slow recovery last month with 494 units sold, compared with 433 sold in February 2009, an increase of 14%.  The median price for homes sold in February was $158,000, in line with numbers reported in February 2009.  This compares with 555 units sold in February 2008 and 698 in February 2007.  The median sold price in February 2007 was $193,950, 18.5% higher than February 2010.  These figures are courtesy of the Maine Real Estate Information System, Inc.
According to The National Association of Realtors, existing home sales nationwide rose 4.3 percent in February … (0 comments)

real estate: Pending Home Sales Dip in January in Northeast and Nationwide - 03/08/10 01:11 PM
The National Association of REALTOR's (NAR) Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December, but remains 12.3 percent higher than January 2009 when it was 80.5.  The index was originated in 2001 and a score of 100 represents the market at that time.
The index in the Northeast fell 8.7 percent to 71.3 in January but is 20.5 percent higher than January 2009.  NAR Chief Economist Lawrence Yun blames the weather for January's (and February's expected poor results) on the unusual winter of storms, which have missed … (2 comments)

real estate: Maine Home Sales Up 18.6% in January, Median Price Up 5.1% - 02/27/10 08:55 AM
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)

real estate: Maine Single Family Home Sales drop 28% from January 2007 - 02/27/08 11:44 AM
Sales of single family homes skidded to 495 in January compared with a total of 688 in the same month in 2007. These figures were released by the Maine Real Estate Information System, Inc. earlier this week.More bad news for sellers - the statewide median sales prices for those homes dropped 2.22 percent to $185,000 vs. $189,200 in January 2007. The median sales price indicates that half of the homes were sold for more and half sold for less.In Cumberland County for the quarter ending on 1/31/08, sales of single family homes dropped to 476 compared with 640 from 11/1/06 through … (4 comments)

real estate: December - a tough month for Real Estate in Maine - 01/24/08 04:06 PM
Prices for single family, existing homes decreased 4.62% in December 2007 compared to December 2006.  In figures reported yesterday by MREIS (Maine Real Estate Information System, Inc.), REALTORS reported 745 sales in Maine in December 2007, compared to 971 sales during December 2006, a drop of 23.27 percent.  The median sales price for such a home was 186,000 in December, down from 195,000 in December 2006. The median sales price is defined as the figure where 50% of the homes sold for more and 50% sold for less.  It is important to note that all figures are for existing single family … (2 comments)

Rick Beal (Coldwell Banker Residential Brokerage)

Rick Beal

Portland, ME

More about me…

Coldwell Banker Residential Brokerage

Address: 53 Baxter Boulevard, Portland, ME, 04101

Office: (207) 253-3180

Mobile: (207) 518-8637

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