Press Release Maine » real estate

New Home Sales in Maine Up 6.1 Percent Over August 2010

bfontaine — Tue, 27 Sep 2011 02:35:06 +0000

Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year. The median sales price of new homes sold in August was $209,100; the average sales price was $246,000. The estimate of new houses for sale at the end of August was 162,000, a 6.6-month supply at the current sales rate. A six-month supply of single-family homes is considered healthy for the housing market. More here and here.

Category: Housing Market

Tagged: Auburn, Brendan Fontaine, Bureau, census bureau, current sales, department of housing and urban development, Development, estimate, Home, Housing, housing and urban development, Housing Market, Maine, median sales price, Mortgage, New, new houses, new single family, rate, Real Estate, Reliant Mortgage Company, sale, Show, single family houses, u s census, u s census bureau, Urban

Mortgage Application Activity Increases

bfontaine — Wed, 21 Sep 2011 22:43:24 +0000

Mortgage Application Activity Increases

According to The Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Market Composite Index, which measures total mortgage loan application volume, increase 0.6 percent last week from the previous week. On an unadjusted basis, the index was up 25.2 percent from the week before, which included Labor Day. The Refinance Index gained 2.2 percent and the seasonally adjusted Purchase Index fell 4.7 percent, though the unadjusted Purchase Index was up 17.1 percent. Refinance activity accounted for 78.3 percent of total loan requests, up from 76.8 the week before. The average contract interest rate for 30-year fixed-rate mortgage was 4.29 percent. More here and here.

Building Permits On The Rise In August

bfontaine — Wed, 21 Sep 2011 00:08:31 +0000

Building Permits On The Rise In August

Permits to build privately-owned housing units in August rose 3.2 percent above July’s estimates and 7.8 percent above last year, according to new residential construction statistics from the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family building permits rose 2.5 percent above the month before. Despite the rise in permits for future construction, housing starts fell in August, down 5.0 percent from July’s revised pace. The decline was due, in large part, to a 13.5 percent drop in multifamily housing. Single-family home construction was down just 1.4 percent from July. More here and here.

Category: Housing Market

Tagged: Auburn, Brendan Fontaine, Building, census bureau, construction statistics, decline, department of housing and urban development, Development, drop, future construction, Home, Housing, housing and urban development, Housing Market, housing starts, Maine, Mortgage, multifamily housing, new residential construction, pace, percent, Real Estate, Reliant Mortgage Company, single family, u s census, u s census bureau, Urban

Rebecca Meier Joins Legacy Properties Sotheby’s International Realty’s Team of Real Estate Agents

BroadreachPR — Thu, 14 Jul 2011 17:21:13 +0000

Yarmouth and Portland, MAINE (July 14, 2011) – Legacy Properties Sotheby’s International Realty, is pleased to announce that Real Estate Agent Rebecca Meier has joined Maine’s Leading Luxury Property Company as a Real Estate Broker serving the Yarmouth market.

Legacy Properties Sotheby’s International Realty has expanded their market by merging with Powers Real Estate, a prominent real estate agency in Yarmouth, Maine and has brought on Powers’ experienced team members as part of that merger.

Rebecca Meier

“Rebecca has a great passion for the home buying process and uses a variety of variety of aesthetic, financial, practical and psychological components to help her clients find the best home for them, which makes is a valuable asset to our team in the Yarmouth market,” said Chris Lynch, President of Legacy Properties Sotheby’s International Realty.

Rebecca is a member of The Greater Portland Board of Realtors, Maine Association of Realtors, National Association of Realtors, Yarmouth PTO, Cousins and Littlejohn Island Improvement Association, Yarmouth Historical Society and supporter of the Royal River Conservation Trust. She resides in Yarmouth.

About Legacy Properties Sotheby’s International Realty
Maine Real Estate Expertise – Legacy Properties Sotheby’s International Realty is the leading luxury property company in Maine. With offices in Kennebunk, Portland, Brunswick and Camden, Legacy Properties Sotheby’s International Realty serves the coastal communities in Maine for distinctive properties at all prices. With more than 50 licensed agents, Legacy Properties Sotheby’s International Realty is able to provide Maine Real Estate services for buyers and sellers throughout the state. www.LegacySIR.com

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Legacy Properties Sotheby’s International Realty Hires Earl Adams as New Agent in Kennebunk

BroadreachPR — Wed, 25 May 2011 14:50:17 +0000

Portland and Kennebunk, Maine – (May 25, 2011) – Legacy Properties Sotheby’s International Realty is pleased to announce that Earl Adams has joined Maine’s Leading Luxury Property Company as a Real Estate Broker serving the York Country market.

“Earl has a wealth of experience in helping clients with buying, selling and developing real estate,” says Chris Lynch, President of Legacy Properties Sotheby’s International Realty. “He has established for himself a reputation of knowledge and expertise in York County.

Adams has been a broker and developer in Maine Real Estate for almost 40 years and holds a degree and MBA in Electrical Engineering from Northeastern University. He resides in Kennebunk with his wife and family.

About Legacy Properties Sotheby’s International Realty

Maine Real Estate Expertise – Legacy Properties Sotheby’s International Realty is the leading luxury property company in Maine. With offices in Kennebunk, Portland, Brunswick and Camden, Legacy Properties Sotheby’s International Realty serves the coastal communities in Maine for distinctive properties at all prices. With more than 50 licensed agents, Legacy Properties Sotheby’s International Realty is able to provide Maine Real Estate services for buyers and sellers throughout the state. www.LegacySIR.com

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Powers Real Estate Merges with Legacy Properties Sotheby’s International Realty

BroadreachPR — Fri, 20 May 2011 19:36:42 +0000

Yarmouth and Portland, MAINE (May 20, 2011)- Legacy Properties Sotheby’s International Realty, Maine’s leading luxury property company, is pleased to announce its merger with Powers Real Estate of Yarmouth.

“The Powers Real Estate group has a long standing presence in the Yarmouth real estate market and it fits well with our existing business there,” said Chris Lynch, President of Legacy Properties Sotheby’s International. “We are looking to continue to grow our company and this opportunity is an essential step in expanding deeper into some of our core markets while increasing our ability to service more clients.”

The six agents from Powers Real Estate, who will join Legacy’s team at its office in Portland, include Heidi Hall, Rebecca Meier, Lisa Wentzell, Joi Kressbach, Carrie Martin, and Powers Real Estate Principal, Patrick Powers.

“It is important that we remain a close part of the community in Yarmouth, as the town has been our home for many years,” said Powers. “We will continue to provide our clients and friends the personal and professional real estate services that we have enjoyed and now we will be able to enhance these services by having access to one of the world’s most recognized brands. We are excited and pleased to join Legacy Properties Sotheby’s International Realty.”

The merger will be effective on May, 24, 2011. All of the Power’s agents can be reached at Two City Center in Portland, ME, 207-780-8900 or by their existing cell numbers as follows: Heidi Hall, 207-939-8186; Rebecca Meier 781-248-3444, Lisa Wentzell, 207-650-5272; Joi Kressbach, 207-838-1865; Carrie Martin, 207-415-2504; and Powers Real Estate Principal, Patrick Powers, 207-650-1167.

About Legacy Properties Sotheby’s International Realty

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Legacy Properties Sotheby’s International Realty Hires Maureen Weaver as Agent in Kennebunk

BroadreachPR — Fri, 13 May 2011 19:18:54 +0000

Portland and Kennebunk, Maine (May 13, 2011)– Legacy Properties Sotheby’s International is pleased to announce that Maureen Weaver has joined Maine’s Leading Luxury Property Company as a Real Estate Broker serving York County.

“Maureen grew up in the real estate business, working at her father’s firm in Ogunquit during summer breaks, which gives her unique insight into the industry and an abundance of experience,” says Chris Lynch, President of Legacy Properties Sotheby’s International Realty. “Her heavy involvement in the community also enables her to help clients find the best place for their families to call home.”

Weaver holds a degree in Communications from Villanova University and she also studied at Universite de Bourgogne in Dijon, France. She serves on the Board of the Biddeford YMCA, Equest Cowboy Ball Committee, Brick Store Museum Membership Committee, Town of Kennebunk Historic Preservation Committee, Education Foundation Fundraising Committee as well as various PTAs

About Legacy Properties Sotheby’s International Realty

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Legacy Properties Sotheby’s International Realty Adds Julie Galvin as Broker for the Greater Portland Real Estate Market

BroadreachPR — Tue, 30 Nov 2010 14:16:01 +0000

PortlandMaine Real Estate – (November 30, 2010) – Legacy Properties Sotheby’s International Realty is pleased to announce that Julie Galvin has joined Maine’s Leading Luxury Property Company as a Real Estate Broker serving the Greater Portland real estate market, .

Legacy Property’s Sotheby’s International Realty, with offices in Kennebunk, Portland, Brunswick and Camden, continues to respond to positive movement in the luxury real estate market by adding new talent in its existing markets. Legacy Properties Sotheby’s International Realty is Maine’s only Sotheby’s Realty affiliate with offices in Cumberland County.

“Julie has years of experience in the real estate industry, specifically in relocation services, condo conversions, land development, investment properties and selling homes, all in Maine’s coastal towns, which gives her great insight in her market,” says Chris Lynch, President of Legacy Properties Sotheby’s International Realty.

Legacy continues to boost its talent and expand as it recently added three agents in the Greater Portland Area. Legacy Properties Sotheby’s International Realty plans to continue to increase its reach by adding more realtors throughout the state.

Galvin began selling real estate in 1992. She enjoys an active life of bicycling, skiing and yoga and resides in Cape Elizabeth with family.

About Legacy Properties Sotheby’s International Realty

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Legacy Properties Sotheby’s International Realty Hires Barbara Russo as Agent for Camden-Rockport Area

BroadreachPR — Mon, 15 Nov 2010 21:14:28 +0000

Camden, Maine (November 15, 2010) – Legacy Properties Sotheby’s International Realty announces the hiring of Barbara Russo as an agent in the Camden-Rockport markets representing both buyers and sellers in the market.

Legacy Property’s Sotheby’s International Realty, with offices in Kennebunk, Portland, Brunswick and Camden, continues to respond to positive movement in the luxury real estate market by adding new talent in its existing markets and moving into new markets, like Carabassett Valley and the Rangeley Lakes Region.

“Barbara has the necessary experience in the real estate industry to bring a high level of care and accessibility to all of her clients. Anyone buying or selling a home with her representation will be well taken care of,” says Chris Lynch, President of Legacy Properties Sotheby’s International Realty.

In 2007, Russo was chosen Realtor of the Year by the Coastal Mountain Council of Realtors. Currently, she serves on the Board of Trustees for The Center for Maine Contemporary Art in Rockport, and as Board President of The Community School, a 36 year-old, alternative high school for at-risk youth, based in Camden. She resides in Camden with her husband.

About Legacy Properties Sotheby’s International Realty

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Legacy Properties Sotheby’s International Realty Participates in Global Conference on Luxury Real Estate

BroadreachPR — Wed, 03 Nov 2010 19:45:53 +0000

Portland, Maine (Nov. 3, 2010) – Legacy Properties Sotheby’s International Realty, a luxury real estate firm with offices in Portland, Camden, Kennebunk and Brunswick Maine, recently participated in the 6^th Annual Sotheby’s International Realty^® Leadership Forum, which brought together nearly 250 network members and staff from 10 countries worldwide.

This dynamic, three-day event, which was held Oct. 25 to 27 at The Ritz-Carlton, Buckhead, in Atlanta, provided a unique opportunity for Sotheby’s International Realty owners and managers to network and share best practices with other global luxury real estate leaders. It also included a tour of some of the finest luxury real estate in Atlanta, courtesy of Atlanta Fine Homes Sotheby’s International Realty.

“The annual Leadership Forum provides a great value to me and my company, and this year’s event was no exception,” said Chris Lynch, owner of Legacy Properties Sotheby’s International Realty. “It offered the opportunity to network with some of the world’s most talented real estate professionals and gain more insight about the industry and the role of emerging technologies.”

Legacy Properties Sotheby’s International Realty, which has 4 offices strategically situated along the coast of Maine, offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.

As a Sotheby’s International Realty affiliate, the firm also has the unique ability to refer its real estate clientele to the auction house for jewelry, art, unique furniture and collectible appraisal services. Property listings from Legacy Properties Sotheby’s International Realty also are marketed on the sothebysrealty.com global website, as well as on the firm’s local website, www.legacysir.com.

“The Leadership Forum is a very effective tool for bringing together our network members from all over the world with the common goal of sharing their own unique experiences,” said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. “This year’s conference, our largest ever, provided a brand update and presentations on competing in today’s luxury market and leveraging new technologies in real estate marketing.”

Legacy Properties Sotheby’s International Realty is Maine’s leading luxury property company with four locations at 2 City Center, Portland; 150 Port Road, Kennebunk; 46 Bay View Street, Camden; and 141 Maine Street, Brunswick. For additional information, please contact Chris Lynch at 207-780-8900. The Sotheby’s International Realty network currently has more than 10,900 sales associates located in approximately 500 offices in 37 countries and territories worldwide.

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