Archive for Press Releases

Legacy Properties Sotheby’s International Realty Becomes The Exclusive Sotheby’s International Realty Affiliate In Hancock County With Its Northeast Harbor Office Opening

PORTLAND, ME (May 2021) Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, is proud to announce the opening of their newest office in Northeast Harbor Maine. The addition of this sixth office builds upon the increasingly strong performance that Legacy Properties Sotheby’s International Realty has shown in recent years on Mount Desert Island and the surrounding communities.

“Our team of very experienced and successful agents has enabled us to build a strong presence serving the local Mount Desert Island market for a number of years and we are excited to be able to better serve our clients with a new office in the heart of Northeast Harbor” said Christopher Lynch, President. “There are so many special properties on Mount Desert Island, the Blue Island Peninsula, and in surrounding communities whose owners can greatly benefit from the world-class marketing and property distribution platform that we provide and we are excited for the opportunity that the opening of this office gives us to communicate this message to our friends and neighbors.”

Lynch further states, “It has been a long term goal to have an office serving Hancock County and its many unparalleled homes. Our effortless communication amongst our agents and staff truly exemplifies our team-first mentality and allows us to offer clients expertise from Portsmouth, NH to coastal Washington County and everywhere in between. We operate as one company from six locations and with the extraordinary marketing and global property distribution network afforded to us by our affiliation with Sotheby’s International Realty.”

“We were one of the very first real estate companies to adopt Matterport 3D Virtual Tours over five years ago, and our market-leading position with this technology along with our constant focus on optimizing and improving the digital experience for our friends, neighbors, and clients on both legacysir.com and all of our social media platforms have allowed us to show the world why we all love the Maine Lifestyle so much,” states Chris Fortunato, Chief Operating Officer. “We are committed to offering our clients access to the very best tools that enable us to truly tell the stories of their homes. Coupling these stories with our unmatched distribution network, which includes over 1,000 Sotheby’s International Realty offices in 72 countries across the world, is a proven winning combination” adds Fortunato.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and info@legacysir.com. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden and Northeast Harbor, is Maine’s leading luxury and lifestyle property company with more than 80 agents and six offices serving Maine coastal communities from York County to Hancock County as well as Seacoast New Hampshire.

Offices Located at:

Maine Home Sales and Prices Up 17% in March

PORTLAND, ME (May 2021) Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor reports strong home buyer demand continued across Maine last month, with Realtors reporting 1,313 single-family existing home sales—a sales jump of 16.81 percent over March 2020. According to statistics released today by Maine Listings, the statewide median sales price (MSP) reached $268,500, an increase of 17.79 percent compared to March 2020. The MSP indicates that half of the homes were sold for more and half sold for less.

“Maine residential real estate sales volume and median sold values showed continued strength during March 2021,” says Aaron Bolster, Broker/Owner of Allied Realty in Skowhegan and President of the Maine Association of REALTORS®. “The pace in the residential real estate market continues to be rapid. For March 2021, the statewide days on market statistic was 11 days, compared to 48 days for March 2020.”

The National Association of Realtors reported a 10.4 percent nationwide increase compared to the March 2020 statistics. Prices also rose 18.4 percent to reach a national MSP of $334,500. Regionally, sales in the Northeast jumped 16.9 percent and the regional MSP increased 21.4 percent to $364,800 comparing March 2021 to March 2020.

“In this fast-moving market, homes become available for sale and are immediately met with pent-up buyer demand,” added Bolster. “Whether you’re a seller or a buyer, start working with a REALTOR® when you first think about transacting real estate so that you’re fully prepared and ready to take action.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of March 2020 and 2021 only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling three months of January, February and March (2020/2021). 

 

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and info@legacysir.com. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden and Northeast Harbor, is Maine’s leading luxury and lifestyle property company with more than 80 agents and six offices serving Maine coastal communities from York County to Hancock County as well as Seacoast New Hampshire.

Offices Located at:

Legacy Properties Sotheby’s International Realty Announces Another Record Year in Charitable Giving – “Legacy’s Legacy – Giving Back to Maine”

PORTLAND, ME (April 2021) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor announced the fulfillment of its charitable giving program “Legacy’s Legacy – Giving Back to Maine” for 2020.

Each year, participating agents contribute a portion of their commission to the program and 2020 was another record year at Legacy Properties Sotheby’s International Realty where the generous agents have contributed more than $25,000 to many deserving statewide and local charities. The contribution has been shared among 45 different special organizations.

“Legacy’s Legacy was created as an agent-led initiative several years ago and has blossomed into something very special and exciting for our agents and the communities we serve,” states Chris Lynch, President. “There are so many amazing organizations in Maine that it is impossible to keep up with all of the great work being done, but we took a collaborative approach to try to share as far and wide as possible.”

“Given that our agents serve such a broad area of Maine, we feel it is important to give back to many organizations and communities. We are also pleased that with such a large and successful fundraising year, that we can give a meaningful amount to each charity,” adds Lynch. “We recognize how important community support is for our hard working non-profits statewide.”

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and info@legacysir.com. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, is Maine’s leading luxury and lifestyle property company with more than 80 agents and six offices serving Maine coastal communities from York County to Hancock County as well as Seacoast New Hampshire.

Offices Located at:

Camden Office Welcomes Annemarie Ahearn!

PRESS RELEASE FOR IMMEDIATE RELEASE
Camden (April 2021)

Annemarie Ahearn takes great pleasure in introducing folks to Mid-Coast Maine, as she’s proud to call it home. Through her cooking school, she has watched many families fall in love with Coastal Maine and find ways to build legacies of their own. “Becoming a real estate agent with Sotheby’s International Realty has allowed me to be a part of that process for people which feels like the ultimate privilege. I am thrilled to have joined this spectacular team and will help those aspiring to live here in the Mid-Coast realize their dreams,” she said.

“We are pleased to welcome Annemarie Ahearn to our Camden office. Her love for the Maine lifestyle is palpable and her attention to detail, as well as her knowledge of the area, will serve our clients well,” said Chris Lynch, owner and founder. Brian Wickenden, Camden Managing Broker added, “Agents in our office recommended we meet with her. We are thrilled to welcome Annemarie to the team.”

As a child, Annemarie Ahearn spent summers on her family’s blueberry farm in Dresden, Maine picking fruit with her cousins and getting lost in the woods. They began renting homes along the coast when she was a teenager, paddling the ocean waters in kayaks and hiking up into the Camden Hills. In 1999, a real estate agent named George Wheelwright showed her parents a rugged, 25 acre piece of land in Lincolnville overlooking the Penobscot Bay. Her parents had a vision for the land and over the course of twenty years, have executed that vision.

After 10 years of working in New York City’s food industry, Annemarie moved onto the property into an antique post & beam barn that her parents had built. In the lower level of the barn, she dreamt of building a cooking school for home cooks in this picturesque location between the mountains and the sea. In 2009, she opened the doors to Salt Water Farm Cooking School and students from near and far registered for classes. Salt Water Farm Cooking School is now 12 years old and offers over 60 classes to students from around the globe.

One of things Annemarie most loves about living in Maine is the community. With her husband, originally from Maine, and daughter they have built so many meaningful relationships. They spend weekends hiking, skiing, swimming and paddling; taking full advantage of the natural elements this place has to offer. Annemarie is a board member of the Penobscot Bay YMCA, an organization that strives to nurture the community though healthy living practices, full-time childcare and a myriad of community-building services such as summer camps.

Annemarie Ahearn may be reached directly at 207.200.4830 or Annemarie.legacysir.com. 

 


Legacy Properties Sotheby’s International Realty is Maine’s leading luxury and lifestyle property company, with more than 80 agents and 5 offices serving Maine and Seacoast New Hampshire communities.

Offices Located at:

46 Bay View Street, Camden, ME 04843
207.230.1003

2 City Center, Portland, ME 04101
207.780.8900

141 Maine Street, Brunswick, ME 04011
207.729.2820

150 Port Road, Lower Village, Kennebunk, ME 04043
207.967.0934

170 Main St, Damariscotta, ME 04543
207.563.2775

COMING SOON…

MDI Office, Northeast Harbor

 

A New Normal for Maine – E-Newsletter – Vol. 54

We are proud to present to you Volume 54 of our E-Newsletter. Here are a few highlights from President and Owner Chris Lynch’s update on the current Maine Real Estate market:

Over the course of the preceding decades, massive urbanization has been the trend in most of the country. However, there has been a sharp reversal triggered by the influence of COVID-19.”

“…the synergies, cost efficiencies, and quality of life enhancements associated with remote work will remain a significant driver behind the deurbanization transformation. Maine real estate, with its strong price performance, has been the direct beneficiary of this recent trend.”

“our great state offers an unparalleled lifestyle with easy access to some of the most beautiful places on the Eastern Seaboard.”

Click the cover image above or here to read more about Maine Real Estate and to view some of our amazing properties currently for sale.

Sotheby’s International Realty Opens First Office in Oman

 

 

PORTLAND, ME (March 31, 2021) Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in PortlandKennebunkBrunswickDamariscotta, and Camden, announced expanding presence in the Middle East with the opening of Oman Sotheby’s International Realty. The addition of Oman Sotheby’s International Realty signifies Sotheby’s International Realty’s continued growth and its third affiliated company in the region.

Oman Sotheby’s International Realty is owned by Alfardan Group and is led by Faisal Al Shanfari, country manager, who brings 20 years of experience to the company.

“Oman is widely considered to be a welcoming place to live and work, with a large expat community,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “The Omani government recently implemented the 99-year lease and free hold zones, further providing expats with the confidence to invest and buy property in Oman. We also know from our 2021 Luxury Outlook report that countries, with scenic landscapes and waterfront views are generating tremendous interest, and Oman offers both. We look forward to working with Faisal and the entire Oman Sotheby’s International Realty team to grow their business in the country.”

“The market in Oman is improving and moving faster than ever,” said Faisal Al Shanfari “Our mission is to deliver the highest quality of service to our clients. Aligning our company with Sotheby’s International Realty not only builds on that commitment, but it also provides our agents with a global resource for marketing extraordinary properties in prime locations and key areas in Oman, and the brand’s vast network enables us to serve our Omani clients seeking luxury and resort properties around the world.”

Oman Sotheby’s International Realty is headquartered in Muscat, Oman and will serve the surrounding areas.

Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and info@legacysir.comLegacy Properties Sotheby’s International Realty, with offices in PortlandKennebunkBrunswickDamariscotta, and Camden, is Maine’s leading luxury and lifestyle property company with more than 80 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as Seacoast New Hampshire.

Maine Real Estate Sales Soar Nearly 23% in February

AUGUSTA (March 22, 2021)—High demand for single-family existing homes
across Maine continues, despite the yearlong COVID-19 pandemic. Maine Listings released new housing statistics today for the month of February 2021, which indicate a sales increase of 22.77 percent compared to February 2020. Home prices rose 12.91 percent to reach a median sales price (MSP) of $244,900 comparing February 2021 to February 2020. The MSP indicates that half of the homes were sold for more and half sold for less.

“The hot pace of residential real estate activity continues, with sales volume and median sold values significantly out-performing February of a year ago,” says Aaron Bolster, Broker/Owner of Allied Realty in Skowhegan and 2021 President of the Maine Association of REALTORS®. “For-sale listings are entering the market, and buyers are acting quickly. For February 2021, the statewide days-onmarket statistic was 21 days, compared to 52 days for February 2020.”

Nationally, sales of single-family existing homes in February 2021 increased 8.0 percent compared to February 2020, and the national MSP rose 16.2 percent to $317,100 over that same time period. According to the National Association of Realtors, the regional Northeast in February 2021 experienced a sales jump of 13.2 percent, while the regional MSP increased 20.5 percent to $356,000 compared to February 2020.

“Over the coming year, we’re hopeful for a return to pre-pandemic conditions, with more sellers entering the market which will ease the pent-up demand,” added Bolster. “Our advice to buyers until then is to work with a REALTOR® to learn your market, develop a strategy, and remain committed and patient.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of February 2020 and 2021 only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling three months of December (2019/2020), January and February (2020/2021).

Who Would Have Thought? – E-Newsletter – Vol. 53

We are proud to present to you Volume 53 of our E-Newsletter. Here are a few highlights from President and Owner Chris Lynch’s update on the current state of Maine Real Estate:

“There has been a widespread reversal of the urbanization trend that dealt a blow to suburban living over the last decade. Maine is among many destinations nationwide that have experienced a significant surge in the demand for real estate.”

When people hear about low inventory, they aren’t necessarily able to appreciate how slim the inventory really is. There are several towns with 10 or fewer “Active” listings available for sale today.”

We continue to enjoy many special benefits that have grown in recognition and  importance to so many people who continue to work their way through the COVID-19 changes impacting all of our lives. Maine is blessed with low population density, low traffic, low crime, low COVID-19 incidence, 6,000 lakes and ponds, miles upon miles of Atlantic coastline, broadband internet, easy accessibility by car to all of the northeastern states, and an unparalleled outdoor lifestyle around which to work and play.”

Click the cover image above or here to read more about the current state of Maine Real Estate and to review some of our amazing properties.

High Demand For Maine Real Estate Leads to an 18% Increase in Sales and a 16% Increase in Prices

AUGUSTA (Feb.19, 2021)—Buyer demand for Maine’s real estate is strong and for-sale home inventory is historically low. According to Maine Listings, the median sales price (MSP) for a single-family existing home in Maine rose 15.57 percent to $255,300 and sales volume jumped 18.38 percent comparing January 2021 to January 2020. The MSP indicates that half of the homes were sold for more and half sold for less.

“Residential real estate in 2021 is kicking off in continued positive territory with sales volume and median sold values significantly out-pacing those of a year ago,” says Aaron Bolster, Broker/Owner of Allied Realty in Skowhegan and 2021 President of the Maine Association of Realtors.

“Coming off 2020, the best year ever for sales volume, we are struggling with historically low for-sale inventory statewide. Buyers are facing far fewer available home choices and sellers are reluctant to list their properties without their next move-in property in place. Buyer demand is strong, and a continuing positive trajectory for 2021 is dependent on homes for sale coming onto the market.”

The National Association of Realtors today reported a 23 percent rise in sales of single-family existing homes across the country comparing January 2021 to January 2020. Home prices jumped 14.8 percent over January 2020, reaching a national MSP of $308,300 in January 2021. Regionally, sales in the Northeast increased 24.3 percent and the regional MSP was up 15.8 percent to $361,400 comparing January 2021 to January 2020.

“This high demand, low supply dynamic can be challenging for buyers and for sellers. Rely on your REALTOR® for local market knowledge, your ‘next move’ strategy, and negotiating expertise.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of January 2021 and 2020 only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling three months of November (2019/2020), December (2019/2020) and January (2020/2021).

Sotheby’s International Realty Expands its Presence in Cleveland, Ohio

PORTLAND, MAINE (Feb. 3, 2021) Sotheby’s International Realty today announced that it is expanding its presence in Ohio with the opening of Elite Sotheby’s International Realty. The addition marks the brand’s continued growth in the state and its third affiliated company in Ohio.

Elite Sotheby’s International Realty is owned by Ken Schmidt and Mike Schmidt and will be led by Managing Broker Joanne Zettl who together bring more than a century of combined real estate experience to the company. Elite Sotheby’s International Realty is located in the city of Pepper Pike and will serve the residential and luxury real estate markets in the Greater Cleveland area.

“The North Coast of Lake Erie has a long history of luxury neighborhoods and grand properties,” said Philip White, president and CEO of Sotheby’s International Realty. “Luxury real estate represents the top 10% of the market and the area is seeing increased interest from local buyers migrating back to Ohio from other Midwest cities and east metropolitan markets. Our affiliation with Elite Sotheby’s International Realty marks the brand’s expanding presence in the region and we are pleased to welcome them to our network.” “The Greater Cleveland area is home to a number of attractions including the second largest performing arts center in the country and the Lake Erie shoreline,” said Mike Schmidt. “We are seeing increased interest in our market from buyers looking to capitalize on space while still having access to arts and culture. Our affiliation with Sotheby’s International Realty enables us to reach a broader international audience and further enhances our existing marketing efforts thanks to the brand’s innovative virtual reality tools and marketing platforms.”

Elite Sotheby’s International Realty has one office in the area with plans for continued growth. The company is actively involved in the local community, previously supporting the Cleveland Clinic Children’s hospital and various community efforts.

The Sotheby’s International Realty® network currently has more than 23,000 affiliated independent sales associates located in approximately 1,000 offices in 72 countries and territories worldwide. Elite 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 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 and info@legacysir.com. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, and Camden, is Maine’s leading luxury and lifestyle property company with more than 90 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as Seacoast New Hampshire.

Offices Located at:

2 City Center, Portland, ME 04101 // 207.780.8900 (Greater Portland Maine Real Estate)

150 Port Road, Kennebunk, ME 04043 // 207.967.0934 (Southern Maine and Seacoast New Hampshire Real Estate)

141 Maine Street, Brunswick, ME 04011 // 207.729.2820 (Mid Coast Maine Real Estate)

170 Main Street, Damariscotta 04543 // 207.563.2775 (Boothbay Harbor, Damariscotta and Bristol Regions Real Estate)

46 Bay View Street, Camden, ME 04843 // 207.230.1003 (Rockland, Camden and North to Mount Desert Real Estate)