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Sotheby’s International Realty Brand Enters Saudi Arabia
MADISON, N.J. and RIYADH, SAUDI ARABIA (Nov. 11, 2013) – Sotheby’s International Realty Affiliates LLC today announced it has signed an exclusive 25-year master franchise agreement with Regents Group LLC to develop the Sotheby’s International Realty® brand throughout Saudi Arabia, Bahrain and Kuwait, with its first office set to open in Riyadh this month. The firm will conduct business as First Regents Sotheby’s International Realty with Paul Aiken as managing broker. The office in Riyadh will serve the luxury residential real estate market throughout Riyadh, Jeddah, Dammam and Al Khobar. “Saudi Arabia is a strategically important market for the Sotheby’s International Realty brand and this signing represents a key step…
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MAINE REAL ESTATE SALES JUMP 24.59 PERCENT
SOUTH PORTLAND (Oct. 21, 2013)— For the third consecutive month, sales of single-family existing homes resulted in a double-digit statistical gain over the prior year. Maine Listings today reported that 1,307 homes changed hands in September—a 24.59 percent jump compared to the same month one year ago. Statewide, the median sales price for those homes increased 1.76 percent to $173,000. The MSP indicates that half of the homes were sold for more and half sold for less. According to the National Association of Realtors, home sales across the country during September 2013 rose by 10.9 percent over September 2012. The national MSP increased 11.4 percent to $199,300 in September. Regionally,…
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Sotheby’s International Realty Brand Enters Dubai
Sotheby’s International Realty Affiliates LLC today announced it has signed an exclusive 25-year master franchise agreement with Prime Realty Ltd to develop the Sotheby’s International Realty® brand throughout the United Arab Emirates, with its first office set to open next to Dubai’s Burj Khalifa in November 2013. The firm will conduct business as Dubai Sotheby’s International Realty with Billy Rautenbach as managing director and Eric Roche, who spent nearly a decade at Sotheby’s International Realty in its Manhattan East Side brokerage office in New York City, as director of international sales and development. “Dubai is a strategically important market for the Sotheby’s International Realty brand and this signing represents a key step…
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MAINE REAL ESTATE SALES UP 20 PERCENT; PRICES CLIMB 7.06 PERCENT IN AUGUST
Buyers and sellers of Maine real estate are showing continued interest in single-family existing homes across the state. According to Maine Listings, sales jumped 20 percent in August. The median sales price (MSP) for the 1,506 homes sold last month reached $182,000—an increase of 7.06 percent. 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 single-family existing home sales across the country rose 12.8 percent in August, and the national MSP of $212,200 represents a 14.4 percent price increase. Regionally, sales in the Northeast rose 12.7 percent and the regional MSP increased 7.6 percent…
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The COST of a Home: Last Year, This Year & Next Year
The cost of a home is determined mainly by two components: price and mortgage rate. Today, we want to show how the monthly cost of purchasing a median priced home has changed over the last twelve months and how it might change over the next twelve months. For the first two examples, we will be using theNational Association of Realtors’(NAR) Existing Home Sales Reportto establish median price andFreddie Mac’s Primary Mortgage Market Survey to establish mortgage rate. We also assumed a 20% down payment in all examples. LAST YEAR The median priced home in the country was selling for $187,800. The 30-year fixed mortgage rate was at 3.5%. Here is what it would…
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Maine Real Estate – Bold Ocean Views, Bristol
Over 3,000 square feet of new perfection. Turnkey, architect designed and built home with the highest quality of finishes. 4/5 bedrooms, 3.5 baths, fireplace and garage all with bold ocean views. Radiant heat throughout. Move in, sit down and enjoy. Superb location. http://www.legacysir.com/maine-real-estate/Bristol-maine-04554/1027638/
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Maine Real Estate – Bold Ocean Views, Bristol
http://www.legacysir.com/maine-real-estate/27-Cliff-Road-Bristol-maine-04554/1027638/ Over 3,000 s.f. of new perfection. Turnkey, architect designed and built home with the highest quality of finishes. 4/5 bedrooms, 3.5 baths, fireplace, garage…all with bold ocean views. Radiant heat throughout. Move in, sit down and enjoy. Superb location! — in Bristol, ME.
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Five Years After the Bubble Burst, Home Values Have Reached a Bottom
After five long years of a housing recession, U.S. home values have reached a bottom, according to Zillow’s second quarter Real Estate Market Reports, which were released today. U.S. home values logged their first annual increase since 2007, rising 0.2% over the past year. Nearly one-third of metros covered by the Zillow reports showed annual increases in home values. There appears to be good news on the horizon as well. The Zillow Home Value Forecast shows values will increase in two-fifths of markets over the coming year, with the biggest increases in the Phoenixand Miami markets, where home values are predicted to rise 9.9% and 6.1%, respectively. “After four months with rising home values and…
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Maine Real Estate – 15 Ocean Ave. Ext. – York, ME
http://www.legacysir.com/maine-real-estate/15-Ocean-Avenue-Extension-York-maine-03909/1059010/ Perfection awaits in this charming seaside home with panoramic views of the Atlantic. Outside, enjoy cool summer breezes as you relax on the wrap-around porch or in the private back yard. Inside, an open-concept living-dining room with magical, forever ocean views, a spacious kitchen, three bedrooms and two bathrooms. There is knotty pine paneling throughout the house and a large storage shed in the back yard for all your summer gear. Short Sands Beach and all that York Beach has to offer are just a short stroll away. This year-round property with all new windows and a new roof comes completely furnished and ready for you to enjoy!
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Maine Real Estate – Blue Hill, ME
http://www.legacysir.com/maine-real-estate/300-Pleasant-Street-Blue-Hill-maine-04614/1057629/ Rare offering! Quality, well maintained classic 1839 Colonial bursting with charm along with 2800+ sf renovated Post & Beam Barn with limitless possibilities. Set on manageable & elegant 4.40ac of rolling fields and hillside vistas.
