SOUTH PORTLAND (AP) — Sales of existing single-family homes in Maine increased 15 percent in August over a year ago, with the median sales price rising 3 percent. The Maine Association of Realtors says real estate agents last month sold 1,255 homes in Maine, up from 1,090 in August 2011. The median sales price was […]
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Posted inNew England, sj-web
Martha’s Vineyard property on market for $92M
WEST TISBURY, Mass. (AP) — A 266-acre virtually pristine tract of land on Martha’s Vineyard has hit the market for $92 million. If sold for the asking price, it would be the largest real estate transaction on the island by about $28 million, according to the Vineyard Gazette, which first reported the sale. The property […]
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Posted inBusiness, Local & State, sj-web
Maine home sales, prices go up in April
PORTLAND, Maine (AP) — A realty group says home sales in Maine have gone up for the ninth straight month. The Maine Association of Realtors says home sales rose by nearly 9 percent in April while the median sales price increased more than 4 percent, to $167,950. The group says home sales nationally rose about […]
Posted inBusiness
Dufour joins ERA Worden
AUBURN — ERA Worden Realty, 473 Center St., welcomes Denis Dufour to its award winning team. Dufour is an experienced real estate agent, having been licensed since 2001. He has been recognized for his outstanding customer service and production for the past 10 years. He specializes in all phases of real estate: residential, land, new […]
Posted inBusiness
Bonawitz joins KW Commercial
AUBURN — Cheri Bonawitz of Lewiston recently joined KW Commercial of Greater Portland and works in the Auburn office, 195 Center St. She will be focusing on the Central Maine commercial real estate market. She specializes in all areas of commercial real estate, including retail, office, industrial and investment properties. Bonawitz is a member of […]
Posted inBusiness, sj-web
Maine’s real estate market making slow recovery
PORTLAND, Maine (AP) — Speakers at a conference for more than 600 Maine real estate professionals say the state’s real estate industry is slowly recovering from the recession and showing some bright spots, but will continue to face challenges this year. Karen Rich, a commercial broker at Cardente Real Estate in Portland, said at Thursday’s […]
Posted inLewiston-Auburn
Home sales continue to climb
Who would have guessed it? Where home sales are concerned, things are looking up in Androscoggin County, in Maine and in the country as a whole. Around the country, housing sales rose 5 percent in December. It was nearly as good in Maine, as sales of single-family homes increased by 4.34 percent over the same […]
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Maine foreclosure picture mixed
GARDINER, Maine (AP) — Maine banking regulators are reporting a mixed pattern of residential mortgage foreclosures as the economy continues to struggle. Bureau of Financial Institutions’ Superintendent Lloyd LaFountain III says a third quarter survey of mortgages held by Maine’s 32 state-chartered banks and credit unions continued to show mixed performance. So there’s no clear […]
Posted inBusiness, sj-web
2012 Mortgage delinquencies seen dropping sharply
NEW YORK (AP) — If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion. Mortgage delinquency rates — the ratio of borrowers 60 or more days behind on their payments — will […]
Posted inBusiness, Local & State, sj-web
Maine home sales up 6.78% in October
SOUTH PORTLAND — Maine real estate market continues to show signs of improving. According to Maine Real Estate Information System (MREIS), a total of 945 homes were sold in October, an increase of 6.78% since October 2010. The National Association of Realtors (NAR) reported a nationwide sales increase of 13.8% over the past 12 months. […]