Press Releases
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Maine Home Prices Increased Over Six Percent in December
PORTLAND, ME (January 22, 2024) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announces that Maine’s real estate market continues to demonstrate strength, despite challenges such as limited inventory and prevailing interest rates that are affecting the balance in the single-family home sector. According to Maine Listings, December 2023 saw a 6.21 percent increase in the median sales price (MSP) to $350,500, compared to the same month in 2022. The MSP is the midpoint at which half the homes sold for more and half for less. However, there was a 6.14 percent decrease in sales in…
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Sotheby’s International Realty Expands to Anguilla
PORTLAND, MAINE (January 3, 2024) – 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 opening of Anguilla Sotheby’s International Realty. The addition marks the brand’s continued growth in the Caribbean and its 31st office in the region. Anguilla Sotheby’s International Realty, based on the West End, will serve the entire island and is owned by Lesley Reed and Harrison Drouin-Reed who have a combined 40 plus years of real estate experience. Reed and Drouin-Reed also lead St. Martin Sotheby’s International Realty, the premier real estate, vacation rental, and property management firm on the island of…
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Maine Home Prices Increased Over 9 Percent In November
PORTLAND, ME (December 20, 2023) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announces that many counties in Maine are currently experiencing a high demand for single-family homes, attracting numerous qualified buyers. Data provided by Maine Listings reveals that in November 2023, there were 1,218 home sales, marking a 5.51 percent decrease compared to November 2022. Furthermore, the median sales price (MSP) for homes sold in November reached $355,000, which is a significant increase of 9.23 percent compared to the same month in the previous year. This MSP indicates that half of the homes sold for…
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Northeast Harbor Office Welcomes Judy McGeorge
6 Neighborhood Road, Northeast Harbor, Maine (December 2023): Legacy Properties Sotheby’s International Realty, Maine’s leading luxury real estate company, is proud to announce that Judy McGeorge of Ellsworth has joined the brokerage in Northeast Harbor. “We are pleased to welcome Judy McGeorge to our office on Mount Desert Island,” says President & Founder Chris Lynch. “Judy’s deep roots in Maine combined with her love of the region’s lifestyle make her an invaluable asset to our team. Her dedication to the community and impressive background in finance will serve our clients well.”
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Oceanfront “Grey Gull Cottage” in Kennebunkport Sells for Record-Breaking $9,000,000
150 Port Road, Kennebunk, Maine (December 2023): Legacy Properties Sotheby’s International Realty is proud to announce that 83 Turbatts Creek in Kennebunkport has sold for a record-breaking $9,000,000, making it the highest-priced sale of all time in Kennebunkport and in all of York County. This oceanfront home, known as the Grey Gull Cottage, is located at the mouth of Turbats Creek and overlooks the Vaughn Island Preserve. Legacy Properties Sotheby’s International Realty Kennebunk-based agent Bill Gaynor represented this record-breaking sale.
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Portland Office Welcomes Catharine Buck
Two City Center, Portland, Maine (December 2023): Legacy Properties Sotheby’s International Realty, Maine’s leading luxury real estate company, is proud to announce Catharine Buck of Scarborough has joined the brokerage. “We are pleased to welcome Catharine Buck to our Portland office of global real estate advisors,” says Chris Lynch, President and Founder of Legacy Properties Sotheby’s International Realty. “We are confident that her expertise and dedication to the Maine lifestyle, paired with our access to exceptional resources, will make her an invaluable asset to our clients.”
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Maine Home Prices Increased Over 13 Percent In October
PORTLAND, ME (November 20, 2023) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announces that home values continue to rise in Maine, though a lack of inventory has contributed to lower-than-normal sales activity. According to Maine Listings, 1,435 single-family existing homes changed hands in October 2023—a dip of 10.14 percent compared to October 2022. Prices, however, rose 13.25 percent to a median sales price (MSP) of $376,000. The MSP indicates that half of the homes were sold for more and half sold for less. “It continues to be a great time to list and sell real…
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Sotheby’s International Realty Expands in New York
PORTLAND, MAINE (November 20, 2023) – Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announced that Sotheby’s International Realty has expanded into Rochester, New York with the addition of High Falls Sotheby’s International Realty, marking the brand’s continued growth in New York and its 60th office in the state. Headquartered in the city of Rochester, 23 real estate associates will serve Monroe County and the surrounding areas. The firm is owned and operated by Robert Piazza Palotto, who brings more than 20 years of real estate experience to the company. Piazza Palotto has led a team which…
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New Hampshire Home Prices Increase 11 Percent In October
PORTLAND, ME (November 16, 2023) – Legacy Properties Sotheby’s International Realty, Maine and New Hampshire’s leading luxury property company, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, announces that new listing inventory in New Hampshire increased 3.7 percent for single family homes and 14.1 percent for townhouse-condo properties in October. Pending sales increased 3.1 percent for single-family homes and 15.9 percent for townhouse-condo properties, while inventory decreased 5.5 percent for single family homes and 4.9 percent for townhouse-condo properties. The Median Sales Price in New Hampshire was up 11.1 percent to $477,000 for single family homes and 11.6 percent to $401,750 for townhouse-condo properties. Days on Market…
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Damariscotta Office Welcomes Debi Fox
170 Main Street, Damariscotta, Maine (November 2023): Legacy Properties Sotheby’s International Realty, Maine’s leading luxury real estate company, is proud to announce Debi Fox of Damariscotta has joined the brokerage. “We are pleased to welcome Debi Fox to the Damariscotta office,” says Founder & President Chris Lynch. “Debi’s career spans over 20 years with a proven track record for helping her clients achieve results. She was formerly named Realtor of the Year and served the Lincoln County Board of Realtors as President. Debi is dedicated to providing clients with a personalized and stress-free experience with our world-class tools.”
