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Newsletter :: November 2016
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Resetting Expectation Upon Reflection 

“There is a crack in everything, that's how the light gets in.
                                            
                                                                      :: Leonard Cohen - Canadian singer, writer & poet

As we approach the Thanksgiving holiday, it is natural to reflect upon what was – and what will be.  We all experience setbacks in our life. Some seem minor while others seem catastrophic. Sometimes a setback is so overwhelming we feel momentarily disoriented, unsure which direction to take next. We want to carry on, but we can't quite muster the will to make the next right move.

If you've felt this way lately, perhaps the following is worth considering:
  • Grieve the loss. If you're feeling disappointment, loss, shock or sadness, don't gloss over it. Give yourself time and space to feel it. There's nothing healthy in pretending the way you feel is wrong, shameful or otherwise weak. Don't expect to "get over it." Rather, understand it is a loss you may carry forward with time.
     
  • Assess what happened.  What can you learn from the chain of events which lead to the setback? You might not have clear answers, but you will likely find something useful in reflection.
     
  • Recalibrate. Setbacks often redefine your reality, and change the conditions on the ground. The changes are often sudden and unpleasant, but it's best to gain some clarity on the new situation. A setback isn't the end unless you permit it to be the end. How does this new world require new strategies?
     
  • Look for opportunity and act. A setback does not negate your hopes, values or goals. It may delay or redirect your path, but to let it annihilate your ideals would be something far worse than a mere setback. There are still opportunities, and if you want to recover, you will need to direct your productive energy to recognizing and acting on those opportunities.
With that ....... enjoy this month's newsletter & Happy Thanksgiving.
Reducing Stress Through Numbers
Welcome to the November Newsletter 

Join Laura as she introduces our most current newsletter and provides a brief recap of today's real estate market. 
 

Did you know that video in email can boost open rates by 20% and increase click-through rates 2-3 times? Simply using the word “video” in an email’s subject line will boost open rates by 19%, click-through rates by 65%, and reduces unsubscribes by 26%.
October Real Estate Sales Update
Results Mixed Depending Upon Location


Across the US, home sales increased in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the monthly report prepared by NAR.  All major regions of the country experienced monthly and annual sales increases in October.

Total existing home sales grew 2.0% to a seasonally adjusted annual rate of 5.60 million in October from an upwardly revised 5.49 million in September. October's sales pace is 5.9% above a year ago (5.29 million) and surpasses June's pace (5.57 million) as the highest since February 2007.

October existing-home sales in the Northeast climbed 1.4% to an annual rate of 750,000, and are now 1.4% above a year ago. The median price in the Northeast was $255,500, which is 2.9% above October 2015.

Maine Sales Results

Maine home sales in October were 4.4% ahead of 2015 while year-to-date results are up 10.6%, exceeding both regional and national results –and are poised to establish a new annual record.  The median selling price of $192,500 in October represented the fifth time in 2016 that the $190,000 threshold was exceeded and the YTD price of $189,900 is 4.9% ahead of last year.

In Cumberland County, the sales results continued to be mixed.  Many communities in the greater Portland area continue to experience YTD sales decreases compared to 2015, and as a result overall single-family homes sales are only up .9% in 2016 vs 2015.  The chart below highlights many nearby communities through October.  As a point of contrast, sales in York county have been above 2015 results for the last four months and 9 out of 10 so far this year.   

The median selling price, however, while declining the last two months, is still 6.3% ahead of last year – well above the national average.  In all but two communities that we track regularly, 2016 prices are above 2015.

Homes priced above $500,000 were up 27.9% in October compared to the same month of 2015 and are up 12.2% year-over-year.  Interestingly, pricing in this segment is down 1.3%.
 

MaineHomeConnection.com is updated each month with the latest sales statistics.  You can access this information by town at Local Communities, or try our Interactive Sales Chart. If you don't see what you are looking for, we can prepare a custom report for you. 
Featured Listings
0 River Rd
0 River Rd
$235,000
Hiram
View Details
74 Roaring Brook
74 Roaring Brook
$248,900
Portland
View Details
23 Barley Lane
23 Barley Lane
$575,000
Scarborough
View Details
Southern Maine: Our Home
As Seen From Above

We are proud of where we live and work!  Even with the winter months approaching there are few place in the US that provide such natural beauty.  This is the second (and more complicated) version of the done video we recently produced that highlights the area.  We hope you enjoy!

Did you know that the first real estate videos were produced by none other than Thomas Edison, one of the most important inventors in history?  Before the year 1900, Edison was creating short films in and around New York City, capturing the essence of local people and places.  We are trying to carry on that tradition! 
.

We are incorporating aerial videography with most homes we list - just one more example of our commitment to provide clients with a measurable competitive advantage 
Move Your Home - Change Your Life!
It's All in the Numbers - Sort Of
 
Feeling like you need a sanctuary from the stress and hustle-bustle of modern life? You might consider moving to a 7 house. Maybe you want stability and security as you get older – then a 4 house is just the ticket. Looking to manage financial matters and maybe even start a home business? Find an 8 house and snap it up! You can change the energy surrounding your life by changing your address, thanks to a basic understanding of numerology.     

This fun and informative article was provided to us by MK Wolfe, whose lyrics were featured in the musical Mesmerized, performed by Snownlion Repertory Company in Portland in 2012, among many other fantastic productions.

Numerology is a metaphysical science that considers the vibration of numbers to be not just perceivable but actually usable in practical ways.  The digits 1 through 9 are part of a symbolic language – once you learn the basics of that language, you can make choices that perhaps shore up a personal weakness, help you get unstuck from an unrewarding position, or support a future vision for your life.  

The number that is so prominently posted on your home creates an energy that permeates all activity within that home, and being aware of the advantages and challenges of your home’s number can have practical applications that will enrich your life!  Continue Reading ...
Don't Wait to List Your Home
Inventory Remains Low & Other Factors to Consider


Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are several great reasons not to wait:
  • Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays. 
     
  • Purchasers that are looking for a home during the holidays are serious buyers and are ready to buy.
     
  • You can restrict the showings on your home to the times you want it shown. You will remain in control.
     
  • Homes show better when decorated for the holidays.
     
  • There is less competition for you as a seller right now. The chart below illustrates listing inventory in Cumberland County as compared to the same time last year: 

  • The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2017, which will lessen the demand for your house.
Pinball Wizard
To Be the Best in the World - Few Can Say That


Robert Gagno is a pinball savant. Growing up, "he connected to the world by solving puzzles. ‘Twilight Zone,’ among the most complex pinball games ever created, made perfect sense to him. In its realms of chaos, he found something that approached control.”
 

A pinball tournament is played somewhere on earth almost every day of the year. Prizes are growing and machines are becoming more technical. ...the kid climbed into the top 10. He won the U.S. nationals in 2015 and cracked the top five soon after. He is thought by some to perceive things in a pinball machine that nobody else can ... Continue Reading
Premium Real Estate Service
Better Than Zillow!
Maine's Most Comprehensive Search

If you’ve been finding it difficult to get accurate, complete and current MLS lists of homes for sale in Maine - then look no further.  At Maine Home Connection we offer the most comprehensive sources of listing data in the greater Portland area and southern Maine.

Using our map tools, you can quickly zoom to any part of Maine that might be of interest to you – all within a few simple clicks.

Start today: Maine Home Search
At Maine Home Connection
We Believe ...

... that clients deserve more - more expertise, more care and more focus. We believe that real estate should be about you.  We believe in giving back.  We believe marketing should be memorable and meaningful.  We believe in premium coffee and premium real estate service.  We believe we can change real estate in Maine for the better - and every agent in our company is committed to these ideals.

Sincerely,
Laura & Michael Sosnowski
Brokers | Owner
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Maine Home Connection
19 Commercial St | Portland ME 04101 | 207.517.3100
 
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