Maine Home Sales Increase Nearly 10 percent While Prices Rise 5.5 percent In July

Real estate agents across Maine reported 1,960 sales of existing, single-family homes in June, an increase of 9.6 percent compared with a year earlier. The median price for those homes rose 5.5 percent to $198,000, according to a report issued Thursday by the Maine Association of Realtors. The median indicates that half of the homes sold for more and half sold for less.

“As the data (show), real estate sales and values continue to be strong, and conversations with Realtors across Maine indicate continued confidence in the marketplace,” association President Ed Gardner said in a news release. “New construction, including spec(ulative) homes, are more prevalent than we’ve experienced in recent years. The ‘days on market’ for sold properties has been declining during 2016, indicating qualified buyers are making their moves.”

For the three-month period ending June 30, home sales in Maine were up 18.3 percent from the same period of 2015, and the median price increased by 3.3 percent to $190,000, according to the report.

Regionally, two counties had sales increases of at least 50 percent for the three-month period. Sales were up 55.6 percent in Franklin County compared with a year earlier, and they increased by 51 percent in Lincoln County. No counties experienced a decrease in home sales, according to the report.

Changes in median sales price varied more widely from one county to the next. In Knox County, the median price for the three-month period increased by 22 percent to $225,000, the biggest price boost of any county. The biggest decrease in median price was in Washington County, where it fell 14.1 percent to $85,000.

Regionally, the Northeast experienced a 5.6 increase in June home sales and a median price of $284,800, up 1.4 percent from June 2015, according to the National Association of Realtors.

Nationwide, sales increased by 3.1 percent in June, and the median price rose by 5 percent to $284,800, it said.

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Sotheby’s International Realty Brand Expands Presence in Rhode Island

MADISON, N.J. (July 19, 2016) – Sotheby’s International Realty Affiliates LLC today announced that Mott & Chace Sotheby’s International Realty in Rhode Island has acquired local brokerage Coleman Realtors, LLC. The acquired firm will now operate as Mott & Chace Sotheby’s International Realty.

Mott & Chace Sotheby’s International Realty now has a total of six offices and over 130 independent sales associates. The acquisition expands the firm’s presence into new markets including Barrington and East Greenwich while continuing to serve the luxury residential real estate markets in Charlestown, Narragansett, Providence and Watch Hill.

Mott & Chace Sotheby’s International Realty is a highly respected company for service and excellence and Coleman Realtors, established in 1929, has built a strong reputation in Rhode Island over the past 87 years,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “This acquisition supports the collaborative culture of Mott & Chace Sotheby’s International Realty and their commitment to exceptional service.”

Raymond Mott and Judy Chace serve as brokers and owners of Mott & Chace Sotheby’s International Realty. David Coleman will remain as manager at the Barrington office of Mott & Chace Sotheby’s International Realty. Michael Young, former president and principal broker, will be focused on the development of the East Greenwich office of Mott & Chace Sotheby’s International Realty.

Mott & Chace Sotheby’s International Realty represents some of the finest properties in Rhode Island and we are proud to join a team that complements our commitment to integrity and professionalism,” said Coleman, former owner of Coleman Realtors.

“Bringing our companies together positions us to continue to provide exceptional client service to our local communities,” said Chace. “Combined, we have 90 years of serving our local Rhode Island real estate market. Our experience is unparalleled,” added Mott.

Mott & Chace Sotheby’s International Realty is one of three independently owned and operated affiliates of the Sotheby’s International Realty® brand in Rhode Island. Also operating in the state are Gustave White Sotheby’s International Realty in Newport and Sullivan Sotheby’s International Realty on Block Island.

The Sotheby’s International Realty network currently has more than 19,000 affiliated independent sales associates located in approximately 845 offices in 63 countries and territories worldwide. Mott & Chace Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty Significant Sales – Vol 1 Issue 1 2016

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Introducing the NEW Video Series: Sotheby’s International Realty | HOUSEGUEST

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“Houseguest” is the new custom video series presented by the Sotheby’s International Realty® brand in an exclusive collaboration with the Wall Street Journal Custom Studios. This 4 episode series follows influential and inspirational people as they become a houseguest in a home represented by the Sotheby’s International Realty brand and meld their life with the unique lifestyle found with their extraordinary accommodations.

The Sotheby’s International Realty® brand is the first real estate partner to develop this type of custom content with the Wall Street Journal. Houseguest will be featured in Sotheby’s International Realty brand media units and social platforms.

Episode 1: Kevin Red Star

As one of the most acclaimed artists of our time, Kevin Red Star, is a Native American Painter of American Indian Culture. Born and raised on the Crow Indian Nation in Lodge Grass, Montana, Kevin Red Star finds inspiration in his family, heritage and abundance of visual experience to compose a signature style and palette.

In the first episode of Sotheby’s International Realty® | Houseguest, Kevin Red Star visits a stunning home in Weehawken, New Jersey with almost touchable views of the New York City skyline. Watch how Kevin Red Star is inspired by his new and very different surroundings to create his
latest masterpiece.

VIEW HOUSEGUEST VIDEO

CLICK HERE to learn more about the house and learn more about our guest at kevinredstar.com

Sotheby’s International Realty Leads National Rankings for Individual Sales Volume Category in REAL Trends/The Wall Street Journal Report

MADISON, N.J. (JUNE 24, 2016) – Sotheby’s International Realty Affiliates LLC today announced that the Sotheby’s International Realty® brand was the No. 1 real estate company represented in two of the six categories that comprise the 2016 REAL Trends/The Wall Street Journal “Top Thousand.” The annual report ranks America’s top 1,000 residential real estate agents and teams based on 2015 annual sales volume and transaction sides, and the top 50 agents and top 50 teams on average sales price—making it a ranking of the top 1,100 nationwide.

The Sotheby’s International Realty brand claimed 45 of the top 250 sales associates in the REAL Trends Individual Sales Volume category, more than any other real estate company. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand had the most individuals represented in the Individual Average Sales Price category, holding 17 of the top 50 spots (34%), including Brenda S. Powers and Elizabeth L. Sample in East Side Manhattan who tied for No.1 at $37.59 million. The brand also had the No. 1 Team on the Average Sales Price ranking; Drew Mandile and Brooke Knapp Team in Beverly Hills topped that list with an average sales price of $18.3 million. This further establishes the strength of the Sotheby’s International Realty brand as a leader in luxury real estate sales.

“We are thrilled to see that the Sotheby’s International Realty brand is continuing to build off the momentum of the 2015 record-year,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Having the most sales associates represented in two categories of the REAL Trends/The Wall Street Journal rankings is a huge accomplishment and underscores how many of the top sales professionals are affiliated with the Sotheby’s International Realty brand. I am so proud of the companies and the sales associates represented on this list.”

The Sotheby’s International Realty network currently has more than 19,000 affiliated independent sales associates located in approximately 845 offices in 63 countries and territories worldwide. Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

The complete Thousand Top Real Estate Professionals list can be found on REAL Trends’ website, www.realtrends.com.

Maine Home Sales Up 25.24 Percent in May and Prices Increase 2.84 Percent

AUGUSTA (June 22, 2016) — Maine Realtors report 1,672 single-family existing home sales during the month of May 2016—25.24 percent more than one year ago. The median sales price (MSP) reached $190,250, an increase of 2.84 percent. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors (NAR) announced a 4.7 percent uptick in nationwide single-family existing home sales over the past 12 months. Prices also increased; the National MSP of $241,000 illustrates a 4.6 percent rise. Regionally, NAR reported an 11.6 percent increase in Northeastern US sales and a slight 0.10 percent dip in the regional MSP to $268,600.

Ed Gardner, 2016 President of the Maine Association of Realtors, says, “From conversations with REALTOR® leaders statewide, all areas of Maine are experiencing robust activity. Consumers with good credit are actively looking to purchase. Demand is very high and is likely fueled by continued low mortgage interest rates, Maine’s exceptional quality of life, and increasing rental costs due to the limited supply of rental units in some markets.”

Gardner, Broker/Owner of Ocean Gate Realty LLC, added, “Property ownership is an attractive investment over time to build net worth, especially for middle-income Maine families. Consult with your local REALTOR® to determine if the market is right for you to buy or sell, and to help you navigate your transactions.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of May only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of March, April and May of 2015 and 2016.

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Extraordinary Property of the Day

Recently featured as Sotheby’s Realty Extraordinary Property of the Day. Presented by Sandra Wendland.

Extraordinary Property of the Day: Grand Inviting Retreat in Yarmouth, Mainehttp://ow.ly/Ar02300ERzK

Extraordinary Properties: Nature’s Embrace

Extraordinary Properties: Nature’s Embrace

Outdoor living areas have never been more prized. Homeowners are making al fresco spaces a priority – even in climates with short summers as Yina Caruso reveals.

Home Sales Up Over 24.5% In April

AUGUSTA (May 20, 2016)—Double-digit gains in the sales of single-family homes continue across the state of Maine. Maine Realtors sold 1,285 homes in April 2016—an increase of 24.52 percent from last April. Steady prices were also recorded; the statewide median sales price of $180,000 reflects a 1.12 percent increase. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors today reported that sales nationwide were 6.2 percent higher than one year ago. The median sales price for those homes reached $233,700 in April, up 6.2 percent from April 2015. Regionally, the northeastern United States experienced a 17.5% increase in home sales, while the regional median sales price was up 4.1 percent to $263,600.

In response to the April numbers, Ed Gardner, 2016 President of the Maine Association of Realtors, says, “Maine Realtors report active markets with multiple offer situations, the norm for appropriately priced and well-presented homes, in many areas of Maine. ‘ForSale’ inventory levels at all price points are low, and continued low mortgage rates are fueling action by qualified buyers.”

Gardner, Broker/Owner of Ocean Gate Realty LLC, added, “Buyers should not be discouraged by losing in a multiple offer situation, as homes are listed for-sale every day. Confer with your Realtor and charge them to be ready when the next ‘right’ home becomes available. This is a great time of year to purchase a primary or second home and take advantage of the benefits of homeownership.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of April only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of February, March and April of 2015 and 2016.

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Sotheby’s International Realty NYTimes.com Homepage Takeover

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NOW LIVE!

The Sotheby’s International Realty® brand is proud to announce our exclusive ownership of The New York Times Homepage Billboard! This incredible, 24-hour takeover has been running since midnight today, May 18th, and will continue until the end-of-day for all desktop visitors to the nytimes.com homepage.

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This homepage takeover is an essential element of our overall brand strategy of creating and maintaining global brand recognition to drive consumers to sothebysrealty.com and to the homes our extraordinary network represents.

“Embrace the Moment” and visit the nytimes.com homepage
from your desktop computer today!

Global Partnerships. Global Exposure.