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.

MaineHousingReport-April2016_Page_2

Sotheby’s International Realty NYTimes.com Homepage Takeover

header2016_05_18_MediaWatch_NYT_header

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.

2016_05_18_MediaWatch_NYT_screenshot

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.

Legacy SIR on the News

I M A G I N E

 

In case you missed last night’s airing on WGME, here’s the news segment featuring two of our amazing listings!

Legacy SIR – In the News

Two of our many gorgeous listings will be featured on WGME tonight on the 5:30 news with Adrienne Stein. Here’s a sneak peak from yesterday’s taping!

If you miss the 5:30 airing, tune into Fox 23 at 10pm!

WGME interviewing Linda MacDonald.

WGME interviewing Linda MacDonald.

 

WGME interviewing Tim Kennedy.

WGME interviewing Tim Kennedy.

The New York Times Exclusive Video Block Now Live!

header_1_22016_04_28_MediaWatch_NYT

 

 

 

 

 

 

 

The Sotheby’s International Realty® brand is excited to announce the launch of the Exclusive Video Block, now running on the The New York Times “Find a Home” landing page.

As the exclusive “Find a Home” launch partner, the Sotheby’s International Realty brand owns the native video module, which is served on the #1 and #2 editorial slots in this section. No other brand has been able to utilize this custom video player found on the NYTimes.com homepage.
2016_04_28_MediaWatch_NYT_screen

 

 

 

 

 

 

 

 

 

The New York Times website has massive global reach, reaching over 80 million monthly visitors and a highly engaged audience who view over 482 million pages monthly.

Black Button

 

Sotheby’s International Realty Welcomes Napa Valley Firm

MADISON, N.J. (May 3, 2016) – Sotheby’s International Realty Affiliates LLC today announced that Gates Estates in Yountville, California is the newest member of its real estate network and will now operate as Gates Estates Sotheby’s International Realty.

The firm is owned and operated by Cyndi Gates, a seasoned Napa Valley real estate professional who has been in the business since 1979. Gates Estates Sotheby’s International Realty will serve the northern Napa Valley region including Napa, Yountville, Oakville, Rutherford, St. Helena and Calistoga, California. With this addition, the Sotheby’s International Realty® network now has 115 branded offices throughout the state of California.

“Yountville is a quintessential Napa Valley town with wine country charm and gourmet dining,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “The area is a blossoming luxury residential real estate market, and we are proud to welcome Gates Estates Sotheby’s International Realty to our network.”

“Having worked in Napa Valley real estate for over 35 years, I have seen the region flourish into the wine country and vacation destination it is today,” said Gates. “I established my own firm in 2009 to better serve the community I have come to know and love. As a boutique residential real estate brokerage with a concierge-style approach, our goal is to smoothly guide our clients through their real estate transactions, making their experience effortless yet memorable to develop long-term relationships. Affiliating with the Sotheby’s International Realty brand will elevate our already successful business and broaden our marketing horizons, allowing us to strengthen the level of service we provide to our clients.”

Gates Estates Sotheby’s International Realty is located at 6550 Washington Street in Yountville.

The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Gates Estates Sotheby’s International Realty listings will be 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 will 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 Expands into Nicaragua

MADISON, N.J. and EMERALD COAST, NICARAGUA (April 29, 2016) – Sotheby’s International Realty Affiliates LLC today announced the brand’s expansion into Nicaragua with the opening of Nicaragua Sotheby’s International Realty.

Nicaragua Sotheby’s International Realty is owned by Emerald Coast Realty. Led by Managing Partner Trevor Barran, Nicaragua Sotheby’s International Realty will serve the luxury real estate market throughout the country.

“With its uniquely beautiful landscape, Nicaragua is emerging as a robust destination for luxury real estate,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Nicaragua Sotheby’s International Realty team has successfully developed and sold luxury properties in New York, Miami and around Latin America and are passionate and knowledgeable about the Nicaraguan real estate market. We are proud to welcome them to our global network.”

“We are excited to represent the Sotheby’s International Realty® brand in Nicaragua and are committed to providing an unrivaled level of service to our clients,” said Barran. “This affiliation strategically positions us for continued growth in this emerging market. We believe in the long-term potential of Nicaragua and are invested in its success.”

The Sotheby’s International Realty network currently has more than 18,800 affiliated independent sales associates located in approximately 835 offices in 63 countries and territories worldwide. Nicaragua Sotheby’s International Realty listings will be 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 will 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.

In the News – Wall Street Journal

Recently quoted in the Wall Street Journal, Chris Lynch weighs in on the second home market and waterfront properties.Maine Real Estate

 

 

 

Maine Home Sales and Values Up In March

AUGUSTA (April 20, 2016)—Single-family existing homes in Maine experienced a healthy bump in sales volume and value over the past 12 months. Realtors from across Maine’s 16 counties reported 1,089 sales in March 2016—a 14.63 percent jump from March 2015. Home values are also on the rise, with statistics indicating a 7.35 percent increase to a median sales price (MSP) of $182,500. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors today reported a 2.6 percent increase in sales nationwide, and a national MSP increase of 5.8 percent to $224,300 in March. Regional sales in the Northeast are 7.7 percent higher than one year ago, and the regional MSP of $254,100 reflects a 5.8 percent increase.

Ed Gardner, 2016 President of the Maine Association of Realtors, said, “The latest statistics indicate a healthy real estate market statewide this spring with most counties showing year-over-year improvement in number of sales and increasing values. Conversations with REALTORS® around Maine indicate that the market is brisk at all price points with multiple offer situations a regular occurrence for move-in ready properties.”

Gardner, Broker/Owner of Ocean Gate Realty LLC, added, “If you’re in the market to sell, present your home in the best condition possible and work with a REALTOR® to properly price the property for a smooth and successful real estate transaction.”

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

MaineHousingReport-March2016_Page_2

Rightsizing and Downsizing

Sandra Wendland, Maine Real Estate AgentWhether you’re getting ready to move into a retirement home, or smaller residential home or apartment, experts offer advice – both practical and financial – on downsizing the right way.

Listen to our own Sandra Wendland, Vice President, Realtor, Legacy Properties Sotheby’s International Realty discuss downsizing on MPBN’s Maine Calling.

Listen here.