Archive for Press Releases

Maine Home Prices Rise 2.78 Percent In April

PORTLAND, ME (May 24, 2017) – Legacy Properties Sotheby’s International Realty, with offices in DamariscottaPortlandKennebunkBrunswick, and Camden,  has  announced that low inventory of single-family existing homes contributed to a 13.93 percent decrease in sales figures across Maine comparing April 2017 to April 2016. REALTORS® reported 1,106 homes changed hands last month, and the median sales price (MSP) for those homes rose 2.78 percent to $185,000. The MSP indicates that half of the homes were sold for more and half sold for less.

“Across Maine, for-sale inventory is tight. Single family homes actively listed for sale in April 2017 were down 25 percent statewide, compared to April 2016,” states Greg Gosselin, 2017 President of the Maine Association of REALTORS®. “Low inventory is impacting potential sellers as well. Some are hesitant to list their homes without a suitable ‘next step’ to move into, but now is a great time to work with your REALTOR® to navigate the real estate market, whether you are on the selling end or buying end of the transaction.”

The National Association of Realtors (NAR) today reported a national sales increase of 1.6 percent in the past year for single-family existing homes. A national MSP of $246,100 in April reflects a rise of 6.1 percent. Regionally, sales in the northeast dipped 2.7 percent while the regional MSP increased 1.6 percent to $267,700.

Gosselin added, “The basics continue; families need someplace to live, interest rates continue to be historically low, and owning your own home and real estate is one of the best ways to build your net worth over the long term.”

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 2016 and 2017.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900, by email at info@legacysir.comand via our website LegacySIR.comLegacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Damariscotta, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Sotheby’s International Realty Expands Presence in Greece

PORTLAND, ME (May 25, 2017) – Legacy Properties Sotheby’s International Realty, with offices in DamariscottaPortlandKennebunkBrunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has  announced that it has signed a long-term franchise agreement with Greece One Realty Limited to further expand the Sotheby’s International Realty® brand presence in Greece and with Rodon Realty P.C. for the opening of Rhodes Sotheby’s International Realty in Rhodes.

Greece Sotheby’s International Realty is led by seasoned real estate professionals Savvas Savvaidis, president and chief executive officer, and Natalie Leontaraki, chief operations officer. Savvaidis also serves as the chief executive officer of Rhodes Sotheby’s International Realty. With a flagship office in the historic capital city of Athens, Greece Sotheby’s International Realty will continue to serve the luxury residential real estate market throughout the country and in key areas including Mykonos, Crete and Corfu, while Rhodes Sotheby’s International Realty will focus on the unique market in Rhodes, the largest of the Dodecanese islands of Greece.

“Greece and its islands are emerging as an attractive luxury real estate market in the Mediterranean,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Rhodes is one of the most popular tourist destinations in Greece known for its rich history, beaches and 300 days of sunshine, and we are proud to have Savvas Savvaidis at the helm of this expansion within the country.”

“The luxury real estate sector in Greece has a promising future,” says Savvaidis. “Greece’s luxury tourism market is expanding rapidly while state-of-the-art golf resorts and branded mixed-use developments are creating a strong luxury footprint in the Mediterranean. Being a part of the Sotheby’s International Realty brand allows us access to unparalleled marketing platforms for these high-end developments, an excellent recipe for a successful business operation.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Greece Sotheby’s International Realty and Rhodes 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900, by email at info@legacysir.comand via our website LegacySIR.comLegacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Damariscotta, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Sotheby’s International Realty Expands Presence in New Jersey

PORTLAND, ME (May 23, 2017) – Legacy Properties Sotheby’s International Realty, with offices in DamariscottaPortlandKennebunkBrunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has  announced that Tim Kerr’s Powerplay Realty in Avalon, New Jersey, is the newest member of its network and will now do business as Tim Kerr Sotheby’s International Realty.

Founded in 1992, the boutique firm is led by Owner Tim Kerr and Broker Ryan Vince. Tim Kerr Sotheby’s International Realty will serve the luxury residential real estate market in Avalon and Stone
Harbor, New Jersey, along the shore community of Seven Mile Island.

“Tim Kerr and his team are homegrown professionals who are deeply knowledgeable about the local real estate market and have a proven track record of success,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Seven Mile Island is a charming beach community with an attractive luxury residential real estate market. It is a dynamic area known for its family-friendly atmosphere, beach and water sports, restaurants, and exclusive shopping. We are proud to welcome Tim Kerr Sotheby’s International Realty to our global network,”

“This community is not just where we do business, it is our home,” said Kerr. “We are dedicated to providing personal service and building relationships to assure client satisfaction. The Sotheby’s International Realty® brand is the perfect complement to the unique and prestigious market of Seven Mile Island. Moreover, affiliating with the brand lends us a credibility and provides us with the tools and global connections to further grow our company. We are thrilled to be representing the Sotheby’s International Realty brand in our local market.”

Tim Kerr Sotheby’s International Realty is located at 2821 Dune Drive in Avalon. With this addition, the Sotheby’s International Realty network now has 41 branded offices throughout the state, giving the brand a significant presence in luxury residential real estate markets along the Jersey shoreline, from Rumson to Cape May, as well as major feeder markets to the shore.

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Tim Kerr 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900, by email at info@legacysir.comand via our website LegacySIR.comLegacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Damariscotta, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Sotheby’s International Realty Enters Wisconsin

PORTLAND, ME (May 15, 2017) – Legacy Properties Sotheby’s International Realty, with offices in DamariscottaPortlandKennebunkBrunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has  announced that Mahler Real Estate Group in Milwaukee, Wisconsin is the newest member of its network and will now operate as Mahler Sotheby’s International Realty. This is the first affiliate to operate under the current Sotheby’s International Realty® network in Wisconsin.

Established in 2010, the boutique firm is owned and operated by Peter Mahler and serves the luxury residential real estate market in southeastern Wisconsin, including the greater Milwaukee area.

“Southeast Wisconsin is a very active and dynamic region with strong economic growth and a flourishing luxury residential real estate market,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Mahler Sotheby’s International Realty has an in-depth understanding of Milwaukee’s upper-end market and the clientele it attracts. We are pleased to expand the Sotheby’s International Realty brand into this market and proud to welcome Peter Mahler and his team to our network.”

“The purchase of a home is an intensely personal experience and we take the journey with our clients while offering them world-class service and a high level of professional integrity and discretion,” said Mahler. “As a trusted advisor, advocate and champion, the desires and objectives of our clients are our top priority. Affiliating with the Sotheby’s International Realty brand allows us to tap into a global network and provides us access to an unparalleled level of marketing. We are honored to be affiliated with the Sotheby’s International Realty network in Wisconsin.”

Mahler Sotheby’s International Realty is located at 600 N. Broadway, Suite 200 in Milwaukee.

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Mahler 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900, by email at info@legacysir.comand via our website LegacySIR.comLegacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Damariscotta, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Sotheby’s International Realty Expands Luxury Presence into Austria

PORTLAND, ME (May 11, 2017) – Legacy Properties Sotheby’s International Realty, with offices in DamariscottaPortlandKennebunkBrunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has signed a 25-year franchise agreement with Laguna F&Z Immobilien GmbH. to further expand the Sotheby’s International Realty® brand in Europe with the opening of Austria Sotheby’s International Realty.

Austria Sotheby’s International Realty, led by owner Wilhelm Zirngast and Chief Executive Officer Georges Luks, will serve the luxury residential real estate market throughout the country from the flagship office located in Vienna. The firm has future plans for additional offices in the cities of Graz and Kitzbühel.

“Austria is an attractive market for luxury homebuyers in Central Europe,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “For those who appreciate architecture, the capital city of Vienna is graced with an inspiring baroque style, while the landscape throughout the rest of the country varies from elegant city living, to country estates and vineyards, to mountain ski chalets, offering something for everyone. I am proud to welcome Austria Sotheby’s International Realty to our global network.”

“We have an exceptional team of sales professionals who are dedicated to delivering the best service to our clients,” said Luks. “Our approach is built on respect, proven marketing methods and a client-based approach. We are delighted to affiliate with the Sotheby’s International Realty brand in Austria and we endeavor to surpass even the most exacting demands by providing added value and service in a friendly, transparent, informative, proactive and accommodating manner.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Austria 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-563-2775, by email at info@legacysir.comand via our website LegacySIR.comLegacy Properties Sotheby’s International Realty, with offices in Damariscotta, Kennebunk, Portland, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Maine Home Sales and Values Up In March, Single Family Homes Remain In Demand

PORTLAND, ME (April 21, 2017) – Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Portland, Kennebunk, Brunswick, and Camden, announced today that single-family home values in the state of Maine remain in a healthy terrain. According to Maine Listings, the median sales price (MSP) reached $191,000 in March—a 4.66 percent price increase over March of 2016. The MSP indicates that half of the homes were sold for more and half sold for less. Home sales were up 9.18% comparing March 2017 to March 2016.

“Real estate activity remains steady across Maine with a tightened for-sale housing inventory,” says 2017 Maine Association of REALTORS President Greg Gosselin, Owner/Broker of Gosselin Realty Group in York. “In many markets across Maine, REALTORS are reporting multiple offer situations on most listings. Buyers and sellers should partner with a REALTOR for expert counsel around inventory availability, marketing and pricing strategies, and negotiating approaches to find the right home and successfully navigate the real estate transaction given the current market conditions of your area.”

The National Association of Realtors (NAR) today reported a 6.1 percent rise in single-family home sales. The national MSP was up 6.6 percent to $237,800. The regional Northeast experienced a 4.1 gain in sales while the MSP increased 2.8 percent to $260,800 in March.

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 2016 and 2017.

MaineHousingReport-March2017_Page_2

Legacy Properties Sotheby’s International Realty can be reached at 207-563-2775, by email at info@legacysir.com, and via our website LegacySIR.com. Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Kennebunk, Portland, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Sotheby’s International Realty Expands Presence in India

PORTLAND, ME (April 12, 2017) – Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Portland, Kennebunk, Brunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has signed a 25-year exclusive franchise agreement with Realpro Realty Solutions Private Limited to further expand the Sotheby’s International Realty® brand presence throughout India with the opening of India Sotheby’s International Realty. The brand’s existing affiliate in India, North India Sotheby’s International Realty, which commenced operations in October 2014 in New Delhi, will work cooperatively with and also now do business as India Sotheby’s International Realty.

India Sotheby’s International Realty is led by Chief Executive Officer Amit Goyal, President, Ashwin Chadha and Honorary Chairman, Amit Burman. With this expansion, India Sotheby’s International Realty will focus on the luxury residential real estate market in the key cities of Mumbai, Bengaluru, Chennai, Pune, Goa and Kolkata, while continuing to serve the New Delhi market. An office in Mumbai is planned to open in the second half of 2017.

“The luxury real estate market in India is growing rapidly and it was the right time for our brand to expand its presence within the country,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Ashwin Chadha, Amit Goyal and their team have successfully introduced the Sotheby’s International Realty brand to North India over the past few years. Expansion into the rest of India was one of our core objectives for the year, and we are proud to have them at the helm of this venture.”

“With the success of North India Sotheby’s International Realty, it was a natural progression to expand our footprint in India,” said Goyal. “The real estate sector is at the cusp of reform and transformation with implementation of policy changes. India’s luxury housing segment has a promising future, which has encouraged many reputable real estate developers to launch residential projects with state-of-the-art amenities. Being a part of the Sotheby’s International Realty brand allows us access to unparalleled luxury marketing platforms for these high-end developments, an excellent recipe for a successful business operation.”

Chadha additionally stated, “With over 30 million Non-Resident Indians investing back into India, the timing for the expansion of India Sotheby’s International Realty is ideal. The team on the ground is committed to delivering the highest level of service and expert real estate advisory to those interested in the Indian luxury residential real estate market.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. India 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-563-2775, by email at info@legacysir.com, and via our website LegacySIR.com. Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Kennebunk, Portland, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Sotheby’s International Realty Enters Croatia

PORTLAND, ME (March 23, 2017) – Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Portland, Kennebunk, Brunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has signed a 25-year franchise agreement with Porta Stella-Luxury Real Estate d.o.o, to further expand the Sotheby’s International Realty® brand presence in Eastern Europe with the opening of Croatia Sotheby’s International Realty.

Croatia Sotheby’s International Realty, owned by Marko Pažanin, Pavel Kulajta and Ilona Mančíková, will serve the luxury residential real estate market throughout Croatia. The flagship office, managed by Pažanin, is located in Split, with plans for additional offices in Dubrovnik and other key Croatian luxury real estate markets including the Peninsula of Istria. Kulajta and Mančíková also own and operate Czech Republic Sotheby’s International Realty in Prague.

“Croatia has a growing luxury real estate market and it was the right time for our brand to have a presence within the country,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “For those seeking the waterfront lifestyle, Croatia has an impressive coastline along the Adriatic Sea with beautiful beaches, historic ports and idyllic islands. I am proud to welcome Croatia Sotheby’s International Realty to the Sotheby’s International Realty network.”

“We are delighted to expand the Sotheby’s International Realty brand presence in Croatia,” said Pažanin. “We are dedicated to delivering the highest level of service and support to suit our client’s lifestyles and expectations and we invest our professional and personal skills in creating long-lasting relations with our clients – sellers, buyers and investors. Our ownership team has more than 10 years of experience in the financial and real estate industries, which combined with the Sotheby’s International Realty brand name and marketing practices make an excellent recipe for a successful long lasting business cooperation.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide. Croatia 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-563-2775, by email at info@legacysir.com, and via our website LegacySIR.com. Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Kennebunk, Portland, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

Maine Home Values Increase 12.5 Percent In February

AUGUSTA (March 22, 2017)—Maine’s real estate continues to increase in value, despite a decline in sales last month. Maine Listings reported an impressive 12.50 percent jump in home prices, bringing the statewide median sales price (MSP) to $180,000 during the month of February. The MSP indicates that half of the homes were sold for more and half sold for less.

Weather certainly affected buyers last month, and sales eased 12.91 percent. “The February 2017 data was impacted by a 10-day period of record-breaking snow and a comparison to a Leap Year in 2016, adding an extra day of sales back then,” explains Greg Gosselin, Broker Owner of Gosselin Realty Group and President of the Maine Association of REALTORS. “However, the rolling quarter statistics indicate continuing strong real estate sales and value trends throughout Maine.

“Homes are entering the spring for-sale inventory on a daily basis. REALTORS are reporting that pre-qualified, credit-worthy buyers are actively searching now to take advantage of the long-term affordability and tax benefits that home ownership provides.”

According to the National Association of Realtors, sales of single-family homes nationwide rose 5.8 percent over the past year. The national MSP of $229,900 represents a 7.6 percent jump. Regionally, single-family existing home sales in the Northeastern US increased 1.5 percent while values were up 4.1 percent to $250,200.

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

MaineHousingReport-February2017_Page_2

Legacy Properties Sotheby’s International Realty Ranks #1 for Luxury Property Sales in Harpswell in 2016

Harpswell Maine Real Estate (February 14, 2017) – Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Portland, Kennebunk, Brunswick, and Camden, announced today that it continues to hold the #1 Ranking for Luxury Property (greater than $500,000) sales for 2016 in Harpswell Maine.  The company reported today that it closed a record 19 transaction sides totaling $20 million in property value.  The company reported that it has held the #1 position in this beautiful oceanfront real estate market for two of the past 3 years.  Data from Maine Listings shows that Legacy Properties Sotheby’s International Realty holds a 28% market share in the Luxury Property market in Harpswell with the remaining sales are split among 18 other companies doing business in town.  Harpswell real estate is serviced by the downtown Brunswick office location for the Company.

“With so much incredible coastline, it is not a surprise that Harpswell is a perfect fit for the way Sotheby’s International Realty does business” said Chris Lynch, President. “We have taken our marketing to a whole new stratosphere with respect to both our gorgeous glossy print advertising and state of the art digital products.”

“Our lead seems to be expanding with a 22% lead in Luxury home sales over our next closest competitor” adds Lynch.  “We really go the extra mile for our listing clients with stunning photography, 3D Virtual Tours, custom videos, global luxury branding, a new website and top notch client service.”

“There is a myth that we only deal with super high value homes, but that is not the case” Lynch concludes.  “We know there are special, distinctive, beautiful properties at all price points throughout Maine.  We love to give them the exposure that they need to shine against competing properties.  The main difference is that we believe that every home we touch should be treated with a very special marketing package that will make it stand out in a crowded field of homes for sale.  I can see that more and more sellers giving us a try are very pleased with the results.”

Legacy Properties Sotheby’s International Realty recently reported this it has a #1 market position statewide for homes sold $400,000 and higher.  The company has also reported that it was involved with 1 of every 3 homes in Maine that sold over $1 million in 2016, ranking #1 in that market segment.  “Harpswell has a broad range of homes in terms of price, but the incredible ocean influence throughout allows us to do our marketing magic in terms of presentation for most all of them” concludes Lynch.

Legacy Properties Sotheby’s International Realty can be reached at 207-563-2775, by email at info@legacysir.com, and via our website LegacySIR.com. Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Kennebunk, Portland, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)

The information on MLS listings has been assembled from various sources of varying degrees of reliability. Any information that is critical to your buying decision should be independently verified. All dimensions are approximate and not guaranteed. ©2017 Maine Real Estate Information System, Inc. All Rights Reserved.