Maine Home Sales Increase 14.02 Percent In June

SOUTH PORTLAND (July 22, 2014)—Increased inventory and low interest rates fueled Maine’s home sales in June. According to Maine Listings, REALTORS report 1,513 single-family existing home sales last month—a rise of 14.02 percent compared to one year ago. The June median sales price (MSP) increased 0.54 percent to $185,000. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of REALTORS reports that, nationally, the number of single-family existing home sales decreased 2.9 percent and the national median sales price increased 4.5% to $224,300 compared to June 2013. Sales in the northeast dipped 3.0 percent, and the northeast regional MSP eased 0.1 percent to $269,800 compared to June 2013.

Angelia Levesque, President of the Maine Association of REALTORS, says, “Maine is the second most popular state in the country for ownership of second homes and recreational properties. With our great weather lately, this is the perfect time to explore that market. Waterfront, winter recreation and family camp properties are especially popular requests, currently.”

Levesque, a REALTOR with Better Homes and Gardens Real Estate/The Masiello Group in Bangor, adds that the increased inventory in a majority of the state has led to a buyer’s market. “Rent prices are rising and interest rates remain low, making this the perfect time to buy a home. Sellers with homes that have not sold at a regular pace should consult their REALTOR about making a price adjustment.”

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of June only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the “rolling quarter” months of April, May and June of 2013 and 2014.

MaineHousingReport-June2014

2014 Corporate Relocation Information

So your job asked you to relocate
So your job asked you to relocate by Atlas Van Lines

Brian Wickenden Joins the Camden Office of Legacy Properties Sotheby’s International Realty as Senior Vice President and Office Manager

Brian Wickenden

Camden, Maine (June 24, 2014)— Legacy Properties Sotheby’s International Realty, Maine’s leading Luxury Property company, today announced that long time Camden resident Brian Wickenden joined its Camden, Maine real estate office as a Senior Vice President and Office Manager.

Brian, a graduate of Davidson College (B.A.) and Wake Forest University (M.B.A.), has been a consistently strong market producer in Knox and Waldo Counties. Brian is the current President of the Coastal Mountain Council of the Mid-coast Board of REALTORS®. Having spent a lifetime in Camden and the surrounding area, Brian is well versed on the attractive lifestyle opportunities for Maine homeowners.

“We are so pleased to have Brian join our team” says Christopher Lynch, President of Legacy Properties Sotheby’s International Realty. “Brian brings many exciting elements to our Mid-Coast presence. His energy, experience and professionalism will help us continue to build on the success we have achieved. Brian is a natural leader who will help us grow our business performance and collegial culture. He is a perfect fit.”

“Now is a great time for me and for Legacy Properties Sotheby’s International Realty to combine to build on our market presence. I am very impressed with the technology and support available to help me offer my clients the best Branding, Marketing and Real Estate Sales Tools in Maine,” states Wickenden. “I am excited to leverage the power of the Sotheby’s International Realty brand and the strong market share gains by Legacy Properties Sotheby’s International Realty. I am certain my clients will be pleased with the resources available to help them achieve their real estate goals.”

Brian Wickenden can be reached at the office at 207-230-1003, by cellular phone at 207-975-9650 and by e-mail at bwickenden@legacysir.com.

 

Sotheby’s International Realty Brand Enters Luxembourg

MADISON, N.J., and LUXEMBOURG (June 17, 2014) – Sotheby’s International Realty Affiliates LLC today announced that Luxembourg Real Estate Partners S.A. has joined its network and now will do business as Luxembourg Sotheby’s International Realty.

The firm, which is managed by Philippe Vermast, serves the high-end real estate market in Luxembourg and surrounding towns. The Sotheby’s International Realty® network now has approximately 150 offices across Europe, Middle East and Africa with the addition of Luxembourg Sotheby’s International Realty.

“Our expansion into Luxembourg strengthens our presence across Europe and continues our commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in key markets around the world,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Luxembourg is the seat of several institutions and agencies of the European Union and it has a rich history and heritage. We are proud to be able to represent the fine real estate found throughout the country.”

According to Vermast, the Sotheby’s International Realty brand has the reach and recognition needed to serve a market that consists of a large percentage of foreign residents. “People are moving to Luxembourg from all parts of the world to take advantage of its high quality of life, strong education and employment, as well as its many financial advantages,” he said. “We have many years of local real estate experience and can communicate in multiple languages. Our rich cultural heritage and sense of constant innovation are the main reasons for the broad choice of architectural styles found here, which range from classical townhomes to contemporary family residences. For a small country, we have a lot to offer and people from all over the globe are realizing it.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Luxembourg 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.

Photo by: wolfgangstaudtCreative Commons

Taste of the Nation at Fort Williams Park

Taste of the Nation events are the foundation and the most successful culinary benefit driving the funds and awareness needed to build a local network dedicated to the mission of no kid hungry. Held each summer, Taste of the Nation is a one-of-a-kind event bringing together the state’s best chefs, microbrewers, wine and spirit purveyors to create this unique sellout event in their efforts to end childhood hunger.

The creativity and generosity of Maine’s award-winning culinary community make Taste of the Nation the most successful fundraising event in Maine and a powerful example of commitment. 100% of ticket sales directly support the effort to end childhood hunger in Maine.

To purchase tickets, click here.

Taste of the Nation Event

Sotheby’s International Realty Brand Announces Relationship with Bloomberg

MADISON, N.J. (June 3, 2014) – Sotheby’s International Realty Affiliates LLC today announced the launch of a content marketing relationship with Bloomberg, a global business and financial information and news leader, designed to showcase the Sotheby’s International Realty® network’s listings to Bloomberg.com readers.

As part of the relationship, in 2014 the Sotheby’s International Realty brand’s content units will appear in exclusive positions throughout Bloomberg.com’s property section on its Luxury Property channel. Bloomberg created the program exclusively for the Sotheby’s International Realty brand, which will showcase its network’s inventory of properties through a location comparison, new to market spotlight, search widget and lifestyle feature.

“The Sotheby’s International Realty brand’s target consumer is a direct fit with Bloomberg’s core audience, which is made up of today’s affluent leaders,” said Wendy Purvey, chief marketing officer, Sotheby’s International Realty Affiliates LLC. “Bloomberg’s global readership is made up of those consumers searching for a second or third home that will meet their lifestyle needs, and who recognize the unique value real estate plays in building wealth.”

“Bloomberg is excited to have the Sotheby’s International Realty brand as a content marketing partner,” said Hugh Wiley, head of strategic account partnerships for Bloomberg Media. “The Sotheby’s International Realty brand content aligns perfectly with the Luxury Property section of Bloomberg.com’s Luxury Channel. Providing luxury property offerings around the world will appeal to Bloomberg.com’s audience, which is both affluent and global. This exclusive partnership further extends both the Bloomberg and Sotheby’s International Realty brands into the world of luxury lifestyle.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. 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 network’s brokers and clients 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.

Maine’s Real Estate Sector Rose 2.4% Over 2013

The real estate sector, a leading driver of Maine’s economy, rose 2.4% over last year according to the latest data from the Maine Real Estate & Development Association (MEREDA). In its semi-annual report on the state of Maine’s real estate industry, the MEREDA Index, increased to 78. The increase in the Index is attributed to the overall increase in the real estate industry—specifically residential home sales, commercial transactions, occupancy rates and new construction jobs. This is the second consecutive increase in the Index since its inception.

“This third release of the MEREDA Index shows signs of an improving real estate economy for the State,” said Drew Sigfridson, President of MEREDA and Managing Director with CBRE | The Boulos Company. “With the health of the economy directly tied to our industry we can be optimistic about the future and that we’ve turned the corner.”

The data shows that the residential components continue to provide the major impetus to growth over the past year with a 7% increase. The commercial market showed a slight decline of 1%, with construction employment up slightly, 0.5%.

The MEREDA Index provides insight into what’s fueling real estate growth, predicts future trends and, most importantly, demonstrates the correlation between Maine’s commercial real estate market and the overall strength of the economy. The biannual MEREDA Index is a composite of nine measures reflecting both new development and transactions involving existing properties and covers both the commercial and residential markets statewide.

Data sources for the Index include: The Maine Association of Realtors, CBRE | The Boulos Company, Maine Department of Labor, Mortgage Bankers Association, and Moody’s Analytics.

For more information about the MEREDA Index and to view the report, visit MEREDA’s “About Us” page.

About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity. The organization aims to promote fair, responsible development and ownership of real estate throughout Maine.

Sotheby’s International Realty Network Welcomes Hawaii Firm

MADISON, N.J. (May 22, 2014) – Sotheby’s International Realty Affiliates LLC today announced that Carvill & Company in Kailua, Hawaii, is the newest member of its real estate network and will now operate as Carvill Sotheby’s International Realty.

Scott Carvill is broker/owner of the firm, which is located at 970 N. Kalaheo Avenue in Kailua, serving the Kailua, Windward, Honolulu and North Shore markets. With the addition of this firm, the Sotheby’s International Realty® brand now has nine independently owned and operated offices throughout Hawaii.

“Kailua has global appeal, thanks to its pristine beaches, which are some of the finest in Hawaii,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We are proud to have the brand represented in this region by the fine team of professionals Scott has assembled.”

According to Carvill, the Sotheby’s International Realty brand provides the support of a worldwide network and marketing platform. “Our focus is on working together as a team to provide the best service and experience to our clients,” he said. “Now with our affiliation with the Sotheby’s International Realty brand, we can offer them global exposure together with our in-depth local knowledge and experience.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Carvill 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.

North Carolina Firm Joins Sotheby’s International Realty Network

MKure-Beach-Fishing-Pier-at-Sunrise-Wilmington-NC_mr-16ec000f-7a0e-4e36-8c9b-6ab7b8b2f630 (Small)ADISON, N.J. (May 15, 2014) – Sotheby’s International Realty Affiliates LLC today announced that Landmark Real Estate Group, with offices in Wilmington and Topsail Island, N.C., is the newest member of its real estate network and now will operate as Landmark Sotheby’s International Realty.

Nick Phillips is broker/owner of the firm, which is located at 307 Roland Avenue in Surf City and 1904 Eastwood Road, Suite 313, in Wilmington, serving the coastal region of New Hanover, Pender and Brunswick Counties in southeastern North Carolina. With the addition of this firm, the Sotheby’s International Realty® brand now has 12 offices throughout the state.

“The Wilmington market area is rich in natural beauty and offers a world-class coastal lifestyle,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The region boasts a vast array of luxury properties and the Sotheby’s International Realty brand is very pleased to begin showcasing fine homes in the Wilmington market to buyers throughout the country and world.”

According to Phillips, the Sotheby’s International Realty brand offers a global network with valuable referral opportunities. “The Sotheby’s International Realty brand has unrivaled access to qualified buyers of luxury properties, and many of these buyers are looking for real estate in our part of the country,” he said. “Our company’s mission is to deliver the highest level of service and in-depth market knowledge to buyers and sellers of waterfront and luxury properties, as we bring the Sotheby’s International Realty brand to the Wilmington market area.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Landmark 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 Significant Sales for February 2014

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