MAINE HOME SALES UP 26.24 PERCENT IN OCTOBER

SOUTH PORTLAND (November 20, 2014)—Impressive, double-digit real estate sales increases were recorded last month across the state of Maine. According to Maine Listings, statewide single-family existing home sales jumped 26.24 percent last month, compared to figures from October 2013. The median sales price (MSP) for those homes eased a very slight 0.71 percent to $175,000. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors released statistics indicating a 2.9 rise in
October’s national single-family existing home sales. Sales prices across the country were up 5.6 percent to a national MSP of $208,700 last month. Regionally, the Northeastern United States witnessed a sales increase of 4.4 percent, and the regional MSP rose 1.2 percent to $246,900.

Angelia Levesque, President of the Maine Association of Realtors, said, “The rise in units sold seems to echo was I’ve been hearing from Realtors all across the state. Many buyers hoped to be settled into their new homes before winter, so Realtors have been very busy showing their clients options.”

Levesque, a Realtor with Better Homes and Gardens Real Estate/The Masiello Group in Bangor, has also seen “steady activity in the marketplace currently. I’m optimistic that 2014 will end positively, and interest will continue throughout 2015.”

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

 

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Sotheby’s International Realty Brand Enters Poland

MADISON, N.J., and WARSAW (Nov 6, 2014) – Sotheby’s International Realty Affiliates LLC today announced that leading Polish real estate firm Park House in Warsaw has joined its luxury real estate network and now will operate as Poland Sotheby’s International Realty.

The firm is managed by Arkadiusz Wojciechowski and Piotr Śliwka, who signed an exclusive 25-year master franchise agreement to develop the Sotheby’s International Realty® brand throughout Poland including the luxury residential real estate markets in Warsaw, Crocow, Wroclaw, Poznan and Lodz.

“Expansion across Europe continues our commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in key cities around the world,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “This affiliation, which strengthens the brand’s presence in Europe, offers entrance into the famous capital city of Warsaw. I was proud to attend the Warsaw launch of Poland Sotheby’s International Realty in person, and am delighted that a global clientele will now have access to the brand in this historic part of the world.”

According to Wojciechowski, the firm was created to fulfill the needs of highly discerning clients searching for extraordinary real estate and requiring a high quality of service. “It is vitally important for our team to ensure that we understand our clients’ needs and to deliver efficient and personalized services with professionalism and confidentiality,” he said. “The Polish real estate market is unique in that it is focused on a number of key cities with an array of high-end apartments and luxury developments, as well as spacious residences in the surrounding popular suburban towns and villages. Now with the support of the Sotheby’s International Realty brand we can bring Poland’s extraordinary and unique properties to the far-reaching corners of the world.”

The Sotheby’s International Realty network currently has over 15,000 sales associates located in approximately 720 offices in 52 countries and territories worldwide. Poland 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.

MAINE REAL ESTATE SALES UP 6.58 PERCENT; PRICES RISE

SOUTH PORTLAND (October 21, 2014)— Buyers of Maine real estate have been active this fall season, purchasing seasonal/vacation properties as well as primary homes. Maine Listings released statistics today showing that sales of single-family existing homes increased 6.58 percent in September 2014. The median sales price (MSP) hit $175,000 last month—up 1.16 percent from one year ago. The MSP indicates that half of the homes were sold for more and half sold for less.

Nationwide, sales dipped 1.9 percent while the national MSP rose 5.9 percent to $210,300. According to the National Association of Realtors, sales in the regional Northeast decreased 1.4 percent and the regional MSP of $249,800 represents a 4.8 percent increase.

Angelia Levesque, President of the Maine Association of Realtors, said, “The numbers are looking pretty steady…another sign that real estate has stabilized.”

Levesque, a Realtor with Better Homes and Gardens Real Estate/The Masiello Group in
Bangor, said a common question asked by sellers is, “Should I take my home off of the
market for the winter? Should I wait for spring to list my house? Colder weather brings
with it serious buyers—some who want to take advantage of tax breaks before next year. So rake those leaves and bring in the outside furniture and decorations. Keep curtains open to allow as much light into your home as possible. Buyers are out there, and they want to celebrate the holidays in their new home.”

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

Maine Real Estate

 

Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,100 licensees inputting active and sold property listing
data. Statistics reflect properties reported as sold in the system within the time periods indicated. Contacts: Maine Association of REALTORS President Angelia Levesque (Better Homes and Gardens / The Masiello Group) – 942-6711 – angelia.levesque@yahoo.com or Maine Association of REALTORS President-Elect Marie Flaherty (Prudential Northeast Properties) – 797-8585 – marie@tfre.com - For more names: suzanne@mainerealtors.com.

Sotheby’s International Realty Brand Welcomes New California Firm

Pleasanton, CA Corporate HousingMADISON, N.J. (Oct. 6, 2014) – Sotheby’s International Realty Affiliates LLC today announced that Venture Sotheby’s International Realty in Pleasanton, California, is the newest member of its real estate network. The brokerage will be led by Andrew Greenwell, the broker and co-owner of the firm.

With this addition, the Sotheby’s International Realty® brand will have 83 offices throughout the state of California.

“We are proud to grow the Sotheby’s International Realty brand’s presence in California with Venture Sotheby’s International Realty and the team of professionals that Andrew is building,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Pleasanton is one of the finest markets in California and a premier destination in the Bay Area given its close proximity to San Francisco and Silicon Valley.”

According to Greenwell, the Sotheby’s International Realty affiliation offers his firm true international exposure, combined with their local expertise.

“The combination of the Sotheby’s International Realty network’s global reach, our local knowledge and mutual commitment to quality is very compelling,” he said. “As well, we are fortunate to represent one of the world’s finest brands in a highly sought after market, with its beautiful weather, wine country lifestyle and scenic landscapes. We look forward to representing some of the most extraordinary real estate the Bay Area has to offer, and with the support of this brand, introducing our market to a broad audience of consumers worldwide.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide. Venture 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 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 Welcomes Tim Kennedy as Vice President

Tim_Kennedy_Maine_Real_Estate

Maine Real Estate (October 6, 2014) Legacy Properties Sotheby’sInternational Realty, Maine’s leading Luxury Property company, is pleased to announce that Tim Kennedy has joined its team of Maine real estate professionals as a Vice President. Tim will be based in the Portland office at 2 City Center.

Tim began his  real estate career in 1985. He has an extensive background in all phases of new construction and residential development. Adept at working with both buyers and sellers, Tim specializes in complex high value and hard-to-value homes.

“It is terrific to have Tim join our team of Maine real estate professionals. His experience in so many facets of the residential property business is an invaluable asset” says Christopher Lynch, President of Legacy Properties Sotheby’s International Realty. “I can see him getting more involved in many different areas from shore front, in-town condos to new construction.”

Tim, a Cumberland resident and graduate of the University of Maine at Orono with a degree in Business Finance, considers himself a “Mainer.” Tim has also lived and worked for many years in Westchester County, NY. 

“Legacy Properties Sotheby’s International Realty has a depth of support and investment in the success of its agents that I think is unparalleled in Maine” says Tim.  “My clients are already seeing the benefits of the Sotheby’s branding, global exposure and incredible marketing tools.”

In his free time, Tim is an avid outdoorsman who really enjoys spending time boating on Casco Bay with his 3 daughters.

Tim Kennedy can be reached at the Portland Real Estate Office at 207-780-8900, by cellular phone at 207-632-0557 and by e-mail at tkennedy@legacysir.com.

Legacy Properties Sotheby’s International Realty is Maine’s leading luxury and lifestyle property company with more than 60 agents and 5 offices serving the state of Maine. 

Jim Nadeau Joins Legacy Properties Sotheby’s International Realty’s as Vice President

Jim Nadeau Maine Real Estate Agent

Maine Real Estate (October 3, 2014) Legacy Properties Sotheby’s International Realty, Maine’s leading Luxury Property company, is proud to announce Jim Nadeau has joined its team of Maine real estate professionals as a Vice President. 

Jim, a graduate of Boston College, has more than 20-years experience in real estate.  His background spans working with properties both domestic and international. He has been involved in property management, development, investment and brokerage. Jim is also a land use consultant with an expertise in waterfront and water view properties. 

“We are very excited to have Jim join our team of Maine real estate agents. He has such an impressive skill set which we know will add value for our clients” says Christopher Lynch, President of Legacy Properties Sotheby’s International Realty. “He has really hit the ground running!”

Licensed to practice real estate in both Maine and New Hampshire, Jim is able to help his clients optimize the economic value and/or best and highest use potential. 

“With all of the potential challenges to Maine coastal properties resulting from the change in FEMA mapping, it is such an asset to have his input in the purchase or sale process” adds Lynch. “While Jim will be based in our Kennebunk office, he will be a resource available to our entire brokerage network.”

“I have been very impressed with the extraordinary depth of business activity and professionalism here at Legacy Properties Sotheby’s International Realty” says Jim. “I know that I am going to have many opportunities to work with some of the most interesting properties in Maine.”

Jim Nadeau can be reached at the Kennebunk Real Estate Office at 207-967-0934, by cellular phone at 207-337-3687 and by e-mail at jim.nadeau@sothebysrealty.com.

Legacy Properties Sotheby’s International Realty is Maine’s leading luxury and lifestyle property company with more than 60 agents and 5 offices serving the state of Maine. 

Sotheby’s International Realty Brand Welcomes Massachusetts Firm

MADISON, N.J. (Oct. 1, 2014) – Sotheby’s International Realty Affiliates LLC today announced that Prudential Unlimited Realty, with offices in Brookline and Jamaica Plain, Massachusetts, is the newest member of its real estate network. The company now will operate as Unlimited Sotheby’s International Realty, and Jon Ufland is principal and managing broker of the firm.
With this addition, the Sotheby’s International Realty® brand will have 33 independently owned and operated offices throughout the state of Massachusetts.

“We are proud to grow our presence in Massachusetts with Unlimited Sotheby’s International Realty,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Jon and his team are passionate about driving results for their clients and have built a reputation for providing the highest level of quality service. Both Brookline and Jamaica Plain are hubs for their surrounding local communities. Jon and his 50 dedicated sales professionals who serve these fine markets have achieved many successes for their clients over the last 15 years.”

According to Ufland, the Sotheby’s International Realty global reach perfectly complements his agents’ local knowledge and experience and will help attract the most talented and professional agents, while supporting the company’s consistent growth and evolution toward servicing extraordinary properties at all price points.

“We are so proud to represent the Sotheby’s International Realty network in Brookline and Jamaica Plain, and plan to be an integral part of the brand’s presence in the Greater Boston area,” he said. “Our brokerage has and will continue to operate on a ‘clients for life’ model. For each and every one of our customers and clients, we strive to build life-long relationships for the entirety of their real estate journey. Our goal is to advise them and to help them navigate through the emotional and financial aspects of any real estate need no matter what stage of life they are in. We aim to make the experience as fulfilling and rewarding as possible.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide. Unlimited 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 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 Home Sales Increased 3.32 Percent in August, Prices Eased 2.2 Percent

SOUTH PORTLAND (September 22, 2014)—Sales of single-family existing homes continue to rise in the state of Maine, according to statistics released today by Maine Listings. A total of 1,556 homes changed hands during the month of August 2014—an increase of 3.32 percent from 12 months ago. The August median sales price (MSP) eased 2.2 percent to $178,000. The MSP indicates that half of the homes were sold for more and half sold for less.

National sales were down 4.9 percent last month, while the MSP increased 5.2 percent to $220,600. The National Association of Realtors reported that regionally, sales in the Northeast followed national trends with a dip of 4.3 percent. The regional MSP of $265,800 represents a decrease of 0.8 percent.

Angelia Levesque, President of the Maine Association of Realtors, said, “We have seen a consistent trend of unit volume increase and sales price decrease over the last few months. The good news is that buyers are out there and they are stepping up and purchasing.” Levesque, a Realtor with Better Homes and Gardens Real Estate/The Masiello Group in Bangor, advised that, “With the slight decrease in home values, sellers must seek advice from their Realtor and carefully evaluate their listing price. Consider how you are
positioned in your market. Now is perfect time to capture buyers during the active fall season.”

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

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Sotheby’s International Realty Brand to Enter Hainan and Strengthen Presence in China

 

MADISON, N.J. (Sept. 17, 2014) – Sotheby’s International Realty Affiliates LLC today announced Tianjin Zeng Yi Real Estate Brokerage Co. Ltd., which is owned by Plus Investment Holding Group (Beijing), will open Hainan Sotheby’s International Realty in China, furthering the brand’s expansion in Asia.

Kevin Corbett will serve as chief executive officer, and Jim Hao will serve as general manager. The firm is expected to open in mid-November of this year.

“Following the planned opening of Beijing Sotheby’s International Realty in October, Kevin and Jim look to continue the momentum in Hainan,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Hainan, with its tropical climate, is a tourist hot spot. We are proud of their efforts in creating a strong presence in this market, as we continue our expansion in Asia.”

With the opening of Hainan Sotheby’s International Realty, the Sotheby’s International Realty® brand will have 27 independently owned and operated offices throughout Asia in Australia, Beijing, Hong Kong, Japan, New Zealand, the Philippines, Taiwan, Thailand and Vietnam.

“Hainan is often referred to as the Hawaii of China, and the No. 1 tropical resort destination there,” said Corbett. “With the strength of the Sotheby’s International Realty network and our robust resources in Hainan, we are opening new doors to this exotic haven and to those seeking to invest in China’s world-class resort real estate. With the opening of Hainan Sotheby’s International Realty, we foresee further growth and expansion in mainland China’s luxury real estate market.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide. Hainan 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 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 International Realty Brand Expands Presence in Pennsylvania

MADISON, N.J. (Sept. 11, 2014) – Sotheby’s International Realty Affiliates LLC today announced that Prudential Lancaster Real Estate in Lancaster, Pennsylvania, is the newest member of its real estate network and now will operate as Lusk & Associates Sotheby’s International Realty.

Anne M. Lusk is owner of the firm, which has one office at 100 Foxshire Drive in Lancaster. With the addition of this firm, the Sotheby’s International Realty® brand will have five independently owned and operated offices throughout the state of Pennsylvania in Philadelphia, New Hope, Kennett Square and Lancaster.

“The Lancaster market offers residents a beautiful rural landscape with convenient access to several major cities,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We proudly welcome Lusk & Associates Sotheby’s International Realty to our network and the fine properties they represent.”

According to Lusk, the Sotheby’s International Realty brand affiliation creates new opportunities for her agents and clients. “With the Sotheby’s International Realty global reach, we now have many added avenues of exposure for the homes we represent,” she said. “We are focused on offering our clients a high level of custom service that addresses their unique needs.”

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide. Lusk & Associates 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 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.