The typical “For Sale By Owner” property in Maine sold for $150,000 compared to $215,000 when sold with a real estate agent.
Portland Maine Real Estate
Feb 20For Sale By Owner
Buying Foreclosed Property
Daren Blomquist said in th Business Insider that one must be attentive to three areas if one is planning to purchase a foreclosed property: 1. Beginners should focus on the REO’s (real estate owned) by the banks and avoid short sales which require lengthy negotiations or foreclosure auctions that require all cash payments. 2. Get [...]
Job Loss
The Maine Center for Economic Policy claims that Maine lost the most jobs per capita of any state in the nation in 2011 and that was 1.2%
Aroostook County Affects Cumberland County
Last year’s wet weather and a trio of tornadoes handed Aroostook County, the state’s major producer of potatoes, a 30% crop loss for the harvest season. Thus the price increase is felt in southern Maine.
Feb 01Current State of Real Estate in Portland ME
Posted by Portland Maine Real Estate
in Portland Maine Real Estate
Tagged commercial, Maine, market, Portland, Real Estate, residential
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PORTLAND MAINE- January 26, 2012 saw the state’s largest gathering of real estate professionals: MREDA, Maine Real Estate and Development Association’s annual forecast conference. Several commercial and residential brokers spoke about a slow but recovering industry. The vacancy rate in the retail sector last year was just above 6%. Windham boasts the greatest retail activity [...]
Jan 13Portland ME Hiking and biking Trail East Coast Greenway
Posted by Portland Maine Real Estate
in Portland Maine Real Estate
Tagged Eastern Trail, Portland ME East Coast Greenway, Portland Parks, Scarborough
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The Eastern Trail is part of southern Maine’s East Coast Greenway. The Scarborough section will be connecting to the South Portland Greenbelt and extends south to Portsmouth, NH. There are new bridges installed over the Scarborough marsh where birds are plentiful as well as the many canoeists and kayakers. 8.5 miles long and growing, new [...]
Jan 09Habitat for Humanity
Posted by Portland Maine Real Estate
in Portland Maine Real Estate
Tagged Habitat for Humanity, New Construction, scarborough real estate
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The Town of Scarborough is pleased to announce it has received Community Development Planning Grant application as a partnership with Habitat For Humanity. The plan includes development of low and moderate income housing on property already owned by the town in its desirable Dunstan area! http://www.cumberlandcounty.org/CD/CDBG/PDFs/2011%20Program/Planning%20Grant%20Applications/Scarborough%20Planning%20Grant%20Application%201-27-11.pdf This link is a PDF of the proposal and [...]
Sep 22Portland, Maine Real Estate First Quarter
In the first quarter of 2010 the South Portland residential housing market saw 56 homes and condos sell at a median price point of 192K compared with 44 at a median price of 196K in the first quarter of 2009 representing a volume increase of 27% and a minor price decrease of approximately 2%. The [...]
Sep 16How Mortgage Loans Work
Excluding property taxes and insurance, a traditional fixed-rate mortgage payment consist of two parts: (1) interest on the loan and (2) payment towards the principal, or unpaid balance of the loan. Many people are surprised to learn, however, that the amount you pay towards interest and principal varies dramatically over time. This is because mortgage [...]
