Confronting a shortage of low-rent apartments and expensive construction, they embrace a time-tested option.
real estate
Posted inBusiness, Local & State, Uncategorized
New numbers show spring rebound continued in May for Maine home sales
Home sales increased by 6.3% and the median price was up 4.6% from a year earlier.
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Posted inThe Penobscot Times
Orono real estate transfers
Irene Peterson, Orono, to Lacey Smith and Ryan Smart, Orono, property at 2535 Essex Street, $111,200. US Bank of Trust, NA, as trustee for LSF9 Master participation Trust, Oklahoma City, OK, to US Bank of Trust, NA, as trustee for LSF9 Master participation Trust, Oklahoma City, OK, property at 2360 Essex Street, $248,188. Lori Austin […]
Posted inThe Penobscot Times
Old Town real estate transfers
TD Bank NA, Portland, to Barry and Jolene Maynard, Lincoln, property at 61 Fifth Street, $27,000. Daniel Crosby, Old Town, to Adam Woodrow and Rachel Kelly, Orrington, property at 79 Kirkland Road, $135,000. The Hannon Limited Partnership, Old Town, to The Hannon Limited Partnership, Old Town, property at 613 Stillwater Avenue. Heineman Properties Inc., Hudson, […]
Posted inBusiness
Maine home values rise 5 percent in January
AUGUSTA — The Maine Association of Realtors says home values in the state were up more than 5 percent in January. The association says sales of existing single-family homes increased by less than a percentage point from January 2017 to January of this year, but value tracked upward. The median sales price was $200,000. The […]
Posted inBusiness
Maine real estate market continues streak of record-breaking home sales
[media-credit name=”Portland Press Herald graphic” align=”aligncenter” width=”1024″][/media-credit] Maine’s home sales activity continued to set records in 2017 despite flat or declining sales in the hottest markets of York and Cumberland counties. For the third consecutive year, Maine set a statewide record for home sales volume in 2017 with 17,633 existing single-family homes sold, an increase […]
Posted inLocal & State, sj-web
Hope Island hits the market at $7.95 million
Hope Island off of Cumberland, Maine is seen Saturday, Nov. 3, 2001. PORTLAND (AP) — A private island replete with a mansion, two guest houses and a barn with workers’ quarters is on the market in Maine for $7.95 million. Developer John Cacoulidis bought the 86-acre Hope Island in 1993 for $1.3 million. The real […]
Posted inBusiness
Maine foreclosure rate slow to recover
PORTLAND — Reports show Maine is slow to recover from the 2008 housing crisis compared to other states, with foreclosure activity still higher than pre-recession levels. The Portland Press Herald (http://bit.ly/2qSUFMY ) reports there were 3,779 Maine properties in 2016 with at least one foreclosure filing, down 37 percent from Maine’s peak foreclosure year of […]
Posted inBusiness, sj-web
Maine home sales and prices rising
PORTLAND — Sales of houses and the prices of homes are both rising in Maine. The Maine Association of Realtors says sales of existing one-family homes rose 16 percent during the first quarter of this year compared to last year. The association also says the average price rose about 5.5 percent in that time. Maine […]
Posted inBusiness, Lewiston-Auburn
Home sales in Maine increase 11 percent in 2015
At the same time, the median sales price for the 15,672 homes sold in 2015 was $180,500, a 3.14 percent increase from 2014, according to the group. For December 2015, sales nationally were 7.1 percent higher compared to the same month in 2014. The National Association of Realtors also reported that last month’s national median […]