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.

Legacy Properties Sotheby’s International Realty Presents CEEF Kitchen Tour 2014

CEKT2014

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.