Blog :: 06-2017

Maine home prices were up 5.12 percent in May

Maine Listings reported yesterday that Maine home prices were up 5.12 percent in May over May of 2016. They said lower than normal inventory of existing single family homes in Maine led to an 8.85 percent decline in May 2017 sales. However, according to Maine Listings, the median sales price (MSP) for the 1,524 homes sold last month rose 5.12 percent to $200,000. The MSP indicates that half of the homes were sold for more and half sold for less.

"Along the coast, in York County, sales for single-family homes priced between $200,000 and $700,000 beat the rest of the market," states Linda Briggs, owner of Anne Erwin Sotheby's International Realty. "Our office has felt the lack the inventory of homes coming to the market and agree with the trend that these mid-market homes are maintaining value and see some values increasing," said Briggs. "It's the luxury market that's been suffering, only 10 homes, priced above $2 million have sold in the last 365 days in York County. And of those 10 homes our office listed 3 of them, more than any other office," Briggs continued. "With a strong internet presence, there is no lack of visibility, however luxury buyers appear to be taking their time. The better weather and summer season should see an increase in activity."

Nationally, single family home sales increased 2.7 percent. The National Association of Realtors reported a nationwide MSP of $254,600 a 6.0 percent jump from one year ago. The Northeastern US experienced a sales increase of 2.6 percent and the regional MSP rose 4.7 percent to $281,300.

Below are two charts showing statistics for Maine and York county. The first chart lists statistics for the month of May only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of March, April and May of 2016 and 2017.


Sotheby's International Realty Brand Expands Presence in Upstate New York

by Natalie Hernandez

Originally published on June 21, 2017 | Extraordinary Living Blog

Sotheby's International Realty Affiliates LLC today announced that Timm Associates, Inc. in Old Forge and Blue Mountain Lake, New York is the newest member of its network and will now do business as Timm Associates Sotheby's International Realty.

The firm was founded in 1989 and is owned and operated by Dawn Timm. Timm Associates Sotheby's International Realty will serve the luxury residential real estate market in the Central and Western Adirondacks region of New York.

"The Adirondack Mountains are a year-round retreat and an attractive market for those seeking a home that caters to an active lifestyle," said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. "We are proud to welcome Timm Associates Sotheby’s International Realty to our global network."

"The communities we serve offer an abundance of recreational activities and we enjoy sharing our love of the Adirondacks with our clients," said Timm. "We like to say we are selling a fun-filled lifestyle, but we also believe every client deserves the same exceptional service throughout the buying and selling process, no matter the size of the transaction. Affiliating with the Sotheby’s International Realty® brand allows us the opportunity to provide our clients with an extraordinary global marketing platform. We are thrilled to be Timm Associates Sotheby’s International Realty."

Timm Associates Sotheby’s International Realty has offices in Old Forge and in Blue Mountain Lake. With this addition, the Sotheby’s International Realty network has 62 branded offices throughout the state of New York.

The Sotheby's International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Timm Associates 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.

A Weekend in Ogunquit :: Your Guide to Everything

Rightfully called "Beautiful Place by The Sea," Ogunquit has been a popular vacation destination year after year. Shrouded in a curtain of Seaside Charm and New England hospitality is an abundance of history, culture, and summer activity.  Here's a suggestion for your day-by-day, long-weekend guide to all things Ogunquit: where to stay, where to eat and what to do- including agent suggestions and local favorites!

DAY 1 :: Arrival

Welcome to Ogunquit. We may be biased, but we are sure you are going to love it here. The first thing on your list is to check into your room at The Above Tide Inn. The sunny room overlooks the magical spot where the Ogunquit River meets the salty Atlantic.

You've checked in, and now is the perfect chance to get acclimated with Ogunquit Village. After just a five minute walk, you'll find yourself surrounded by locally owned shops and countless, delicious eateries. Don't forget to stop by Junebugs Beach House for everything beach-y and some hand crafted goods. When hunger hits, head over to La Orilla. Outdoor seating and local beer at this tapas bar will start you off on your path to relaxation.

It's getting late, but you can't go straight home yet. A moonlit stroll on the beach will get you ready for a night of rest before your first full day tomorrow. Be sure your curtains open tonight. Doze off to the lapping of the waves.

 

DAY 2 :: By the Beach

You've left your curtains open so you can rise with the sun to be the first people at the beach- and the earlier the better! First though, stop at Village Food Market to grab your morning coffee and a to-go breakfast sandwich or muffin. After finding your spot on the beach, grab your inner tube to take a "lazy" ride down the river.

Eventually, you will need a break from the sun and the bustle of the beach. Drop your things off at the Inn and start your walk on the Marginal Way. Walking along the ocean over cliffs and rocks, this leisurely walk will take you right to the center of Perkins Cove. Much like the Village, the Cove is filled unique shops and restaurants that perfectly reflect the Maine lifestyle. You cannot leave the Cove without trying a lobster roll from the Lobster Shack... and be prepared to spend a good amount of time browsing the eclectic goods & antiques at Blue Willow Gift Shop.

It's been a long day in the sun. Head back to the Inn to wash up and treat yourself to a special evening. The Ogunquit Museum of American Art as you make your way dinner at That Place. The museum harbors a permanent exhibit as well as a rotating exhibit, and is a hub for local culture. Let the inspiration and creativity spill onto your dinner plate at That Place, at the gateway to Perkins Cove. Refresh with a unique cocktail and fresh seafood for your next big day.

 

 

Day 3 :: Explore Wells

Throw on your hiking boots, grab a smoothie at Loveshack Juicery and hop in the car. You're headed North to Wells, Maine- but on your way you're likely going to make a number of stops. Following the shoreline, Route 1 is a hub for antiques, oddities and treasures. There are plenty of places that will call to your collectors senses as you drive by, but this Antique Trail Guide can help you get an idea of what places you might want to stop at on your way to Wells.

Your final destination is Laudholm Farms. This ecological education center is home to miles of walking trails and plenty to do for most of the day. In addition to the network of trails, Laudholm also offers free guided tours, information and educational programs throughout the trails, and exhibits open to the public in the Maine Coastal Ecology Center. Make sure you check out the trails that lead to  Laudholm Beach and the Salt Marshes before you leave!

Since it's your last night in Ogunquit, you'll want to do something special. After dinner, get your tickets out and head over to the Ogunquit Playhouse. The Playhouse was created in the 1930's, and to this day puts on shows, year-after-year, that draw crowds from all over New England. Ogunquit Playhouse has 6 different productions lined up for the 2017 season, from "Mama Mia!" to "Heartbreak Hotel" they have something for everyone. Check out their schedule and purchase your tickets here.

After a handful of radiant sunsets and ocean air, we hope you'll return to Ogunquit. Maybe next time, you'll want to stay longer- for a week, a month, or perhaps even a lifetime. For whatever length you choose to stay, Anne Erwin Sotheby's International Realty would like to help make your visit special. Contact us for current information on available homes for sale and rentals. Even if you're just here for a couple days, pop in and say "Hi!" at our Ogunquit office, located at 19 Beach Street.