" " " Maine's Waterfront Real Estate News

Wednesday, July 3, 2019

Maine Waterfront Homes For Sale - A Paradise Investment




Maine is a beautiful place that is renowned for its spectacular mountains, rocky coastlines, gorgeous rural areas, fascinating culture, and delish lobsters. Maine is not a crowded place, and hence people usually escape into this beautiful island in search of peace away from the hustle-bustle of their cosmopolitan lifestyle. While Maine is considered to be a popular tourist attraction throughout the world, a number of people have started developing a huge interest in the real estate of the island, thereby making it a sought-after place to invest their money in.

The beautiful waterfront lands for sale in Maine is very popular among all the investors who usually look forward to investing in a property for their future life. Maine waterfront homes for sale are available in competitive prices and investment in real estate in Maine is not very easy. This is because, on one side, the state is very famous for retirement living destination and tourism; however, one on the other side, there is a shortage of workforce within the area. But if your plan to invest in Maine is to seek a retirement living destination, Maine is surely a paradise to be in. Homes for sale in Maine on the water are highly popular for this particular reason.

The economy of Maine is diverse and the island supports industries such as retail, healthcare, tourism, education services, as well as construction. Thus, this translates into good opportunities for all the people, especially the young workforce who plans to invest in the long-term properties in Maine. If not the ideal investing setting, the real estate investors can surely see the retirees and tourists’ influx as a chance for steady income streams year-round for them.

Before making an investment in Maine waterfront real estate for sale, there are a number of factors that the investors usually take into consideration. These factors include the popularity as a retirement living destination, good rental market, enough facilities and amenities, affordability of the homes and properties, etc. Fortunately, Maine entertains all these key elements of investment in its property and hence it is truly considered to be a paradise investment for all the investors throughout the world.

Invest your money in the real estate Maine and spend the life after your retirement in the lap of nature.

Wednesday, June 26, 2019

Key Elements To Be Noticed During A Coastal Maine Property Search


The coastal properties of Maine are witnessing a great boost in terms of investment and a number of people are investing in these properties for different reasons. As a result, the sellers and real estate agents have put the best houses for sale in Maine coastline and a lot of buyers are seeking special interest to buy these properties. However, before you make any Maine coast real estate investment, there are a few elements that should always be kept into consideration.
Below listed are the key elements that you must always take in consideration during a coastal Maine property search:
1.    Maintenance of the property:
Most of the people invest in properties in Maine for their life after retirement. Considering the beautiful location and tranquility offered by the place, Maine provides for a perfect location for such life. However, nobody would want to choose a property which is hard to maintain especially during the time when a person is deciding to live in such property in his/her old age. Thus, the Maine coastal real estate that you are investing in must be easy to maintain.


2.    Accessibility:
Accessibility is another important factor that must be kept under consideration while investing in Maine property. The property that you are buying in Maine should be accessible by the way of roads as well as waterways. The locality that you are planning to live in should be able to provide easy access to the nearby markets and other important places respectively.


3.    Energy efficiency:
Another important consideration that you must always keep in mind while hunting for any coastal Maine property for sale is the energy efficiency of that property. A number of Maine homes do not adhere to the current energy efficiency standards. These homes are typically comprised of single pane windows, trampled downside insulation, inefficient air conditioner units, etc. The property that you are going to invest in must be energy efficient by all means.

Investment in any sort of property in Maine should always come with a few considerations that you must always check before putting your hard-earned money into the same. Do not forget to check with the above-listed key elements while your hunt for the best Maine coastal real estate is on.


Sunday, July 29, 2018

Median Sales Price of Single-Family Homes in Maine Up 10.98% in June


AUGUSTA (July 23, 2018)The Maine summer real estate sales season is in full swing. According to the Maine Association of REALTORS®, REALTORS® around the state sold 1,937 single-family existing homes in June 2018, an increase of 2.54 percent over June 2017. Home values experienced double-digit gains, with a 10.98 percent jump in the median sales price to $227,500. The MSP indicates that half of the homes were sold for more and half sold for less.

"It’s been a strong year for much of Maine and inventory is moving quickly," says Kim Gleason, 2018 President of the Maine Association of REALTORS® and Broker/Owner of McAllister Real Estate in Hallowell. "The number of sales during the first six months of 2018 are nearly 2 percent ahead of the first six months of 2017, which was Maine’s best ever.

"In some areas of Maine, the markets are tightmultiple offers are prevalent, and prices show upward pressure."


The National Association of Realtors today reported a national sales dip of 2.3 percent, while prices rose 5.2 percent to an MSP of $279,300. Regionally, home sales in the Northeast eased 4.0 percent over the past year and the regional MSP increased 3.3 percent to $305,900.
"Maine real estate continues to be a great investment, and those thinking of buying or selling need to consult early on with a REALTOR® who is knowledgeable of the local area for the best strategy and successful outcome," adds Gleason.

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 of April, May and June of 2017 and 2018. (Continued)

Maine Real Estate Statistics June 2018 Housing Report7/23/18Page 2 of 2 JUNE ONLY CHART
June 1-30, 2017 June 1-30, 2018
NUMBER OF UNITS MEDIAN SALES PRICE
2017 2018 %Change 2017 2018 %Change
STATEWIDE 1889 1937 2.54% $205,000 $227,500 10.98%
ROLLING QUARTER CHART
From April 1, 2017 June 30, 2017 and
April 1, 2018 June 30, 2018
NUMBER OF UNITS MEDIAN SALES PRICE
2017 2018 %Change 2017 2018 %Change
STATEWIDE 4519 4641 2.70% $ 197,400 $ 218,500 10.69%
Androscoggin 283 300 6.01% $ 160,000 $ 175,000 9.38%
Aroostook 131 173 32.06% $ 90,000 $ 97,000 7.78%
Cumberland 1037 1115 7.52% $ 295,050 $ 312,000 5.74%
Franklin 103 110 6.80% $ 118,000 $ 138,500 17.37%
Hancock 200 191 -4.50% $ 194,500 $ 200,000 2.83%
Kennebec 425 438 3.06% $ 147,500 $ 162,250 10.00%
Knox 161 171 6.21% $ 210,000 $ 245,750 17.02%
Lincoln 148 122 -17.57% $ 191,000 $ 221,250 15.84%
Oxford 212 192 -9.43% $ 140,000 $ 149,000 6.43%
Penobscot 464 466 0.43% $ 150,000 $ 139,000 -7.33%
Piscataquis 66 80 21.21% $ 102,500 $ 110,000 7.32%
Sagadahoc 140 142 1.43% $ 219,250 $ 235,000 7.18%
Somerset 164 156 -4.88% $ 105,000 $ 115,750 10.24%
Waldo 113 104 -7.96% $ 157,000 $ 186,000 18.47%
Washington 90 90 0.00% $ 112,250 $ 112,450 0.18%
York 782 791 1.15% $ 255,000 $ 279,900 9.76%

Sunday, August 6, 2017

Ten Valuable Tips You Should Know Before Buying Waterfront Property in Maine

These tips are intended to be a check-list for you to consider before purchasing Maine waterfront real estate, hopefully helping you to become a better informed buyer.

Most of these tips are just common sense suggestions that any careful buyer would be concerned about anyway – but we are talking about Maine and waterfront property, and there are a few twists and turns you may not be aware of – so perhaps these will spark a few new thoughts for you to consider…

They are not intended to discourage or scare you away from buying Maine waterfront property – as we firmly believe this is the most solid segment of the Maine real estate market you can invest in.

But buying ANY real estate is a significant undertaking – and there is a term we use in this industry called “doing due diligence”, which just means doing your homework before making a final commitment.

So, if you are contemplating buying waterfront property in Maine, click on http://waterfrontpropertiesofmaine.com/ to learn about these Ten Tips

Tuesday, March 7, 2017

Maine Chefs, Restaurants Nominated for Coveted James Beard Awards


Cara Stadler, chef/owner of Tao Yuan in Brunswick and Bao Bao Dumpling House in Portland, is once again a James Beard semifinalist in the Rising Star Chef of the Year category.
Cara Stadler, chef/owner of Tao Yuan in Brunswick and Bao Bao Dumpling House in Portland, is once again a James Beard semifinalist in the Rising Star Chef of the Year category. Staff photo by John Ewing
 
 
A dozen Maine chefs, restaurants, bakers and brewmasters have been named semifinalists forAmong the semifinalists are five Maine chefs nominated in the Best Chef: Northeast category. They are Brian Hill of Francine in Camden, who has now made the list eight times; Andrew Taylor and Mike Wiley of Eventide Oyster, who are semifinalists for a third time; Ravin Nakjaroen of Long Grain in Camden, who made the list twice before; and Keiko Suzuki of Suzuki’s Sushi Bar in Rockland, who was also nominated last year.
 
Cara Stadler, chef/owner of Tao Yuan in Brunswick and Bao Bao Dumpling House in Portland, is once again a semifinalist in the Rising Star Chef of the Year category, which covers chefs age 30 or younger who are “likely to make a significant impact on the industry for years to come.”
 
The James Beard Awards are the most coveted in the restaurant industry. Anyone can nominate someone to be a semifinalist in 21 categories; this year, the semifinalists were chosen from more than 24,000 entries. The list will now go to an independent volunteer panel of more than 600 judges across the country – including restaurant critics, food editors and past winners – who will narrow it down to five finalists in each category. Finalists will be announced March 15.
Maine restaurant industry professionals made a respectable showing this year. In addition to the Best Chef and Rising Star Chef awards, Drifters Wife in Portland is nominated in the Best New Restaurant category. Chase’s Daily in Belfast and Fore Street in Portland are perennial nominees in the Outstanding Restaurant category, which requires that a restaurant be at least 10 years old.
Ilma Lopez of Piccolo in Portland is an Outstanding Pastry Chef semifinalist, and Alison Pray, one of the founders of Standard Baking Co., is up for Outstanding Baker.
 
Wine, beer and spirit professionals from Maine made the semifinals as well. Portland Hunt & Alpine Club is nominated for Outstanding Bar Program, while Rob Tod of Allagash Brewing is once again up for Outstanding Wine, Beer or Spirits Professional.
 
After the finalists are announced in March, the judges will vote again to choose the winners. Winners will be announced May 1 at the James Beard Foundation Awards Gala at the Lyric Opera of Chicago
.
Last year, several Mainers were chosen as finalists, but none came home with the award.

by Meredith Goad, Portland Press Herald

Friday, September 23, 2016

Sales of single-family Maine homes rise a healthy 10.8 percent

The median sales price also rose in August, to $197,000, as low interest rates buoyed the housing market.

Read ArticlThe sale of single-family homes in Maine continued to increase both in the volume of transactions and in price last month.

The Maine Association of Realtors said sales of existing homes in August increased 10.78 percent over the same month last year, while the median sales price ticked up 5.35 percent to $197,000. A total of 1,840 Maine homes changed hands last month.

 “Maine’s real estate market, overall, is healthy due to continued buyer confidence and very low interest rates,” Ed Gardner, president of the Maine Association of Realtors, said in a release.

Nationally, single-family home sales rose only 0.6 percent, while in New England it was 6.1 percent. The national median sales price was $242,200, a 5.3 percent increase over August 2015, and in New England it rose 0.8 percent to $274,100.

“We are experiencing movement in all segments of the market, including seasonal properties and land parcels,” he said. “Real estate continues to be a great long-term financial investment – and quality of life investment. We expect markets to remain steady as households and investors take advantage of the tax incentives for real estate ownership through the end of the year.”