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Issue: February 2015
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Punxsutawney Phil - 39% Accuracy Rate

There is one good thing about snow, it makes your law look as nice as your neighbors. - Clyde Moore.   

Thanks for taking a few moments to spend with us through this newsletter.  This month we have our annual Year End Sales Report for 2014 available for download.

Also, in conjunction with Restaurant Week (which is just around the corner), Snowlion Repretory Company is performing an interesting collection of food related plays - and you can win a set of free tickets.....see below. 

Finally, the inventory of good homes for sales is low, especially in the greater Portland area.  If you are thinking of selling, don't let the snow discourage you.  Our office hosted a Multi-Agency meeting just this morning, and the consensus is.....there is a shortage of homes available!
2014 Sales Recap

For the third consecutive year, single family home sales improved in 2014. Unit sales of 14,236 represented their highest level since 2005, when 14,592 homes were sold – the current record.  Sales in 2014 represented a 7.8% increase over 2013 and a 42.9% cumulative increase since 2011. 

The continued, improved sales activity follows several years of significant market decline in both units and pricing, and reflects a more accurate level of equilibrium and improved overall liquidity for both buyers and sellers.

The median selling price did not increase statewide – it remained unchanged at $175,000 for the last two years.  As a point of comparison, the median price was at its highest level in 2006 at $192,000 – and dropped as low as $164,000 in 2009.

Most counties, especially in Southern Maine, reported similar increases in volume while following the trend of 2014’s growth

Cumberland and York Counties are the two largest real estate segments in Maine and combine to represent over 43% of the entire single family market in 2014. Both counties experienced solid growth in 2014, following exceptionally strong performances in 2013.  Sales volume was up 6.5% in Cumberland County and 9.7% in York County.

Condos represented 11.1% of the Maine real estate market in 2014, a slight decline from 2013.  Unit sales improved 4.3% while pricing improved 5.9%.  The pricing improvement was better than that for single family homes.  The largest markets for condos are Portland followed by Old Orchard Beach.  Not surprisingly, pricing varies dramatically depending upon access to, and views of, the ocean.

You can download a complete copy of this report at: 2014 Maine Home Sales Summary.
Maine Restaurant Week
Dinner & a Play

The first restaurant week concept originated in New York City in the early nineties and caught on in Maine in 2008.

Since that humble beginning the Portland event has grown into a much anticipated annual happening, with over 75 local restaurants participating this year.

Something Special this Year

Snowlion Repretory Company is spicing up this year's festivities by serving up a delicious, mouth-watering, dozen of short plays about everyone’s favorite subject - FOOD!

Foodie or not, you certainly won't want to miss  this year's THE MAINE DISH:  A 12-course menu of comedies, dramas, and even a musical .  

All to make Maine Restaurant Week a time to remember.  For more information, show times and tickets, visit: Snowlion - The Maine Dish.

Win Tickets Here

If that wasn't enough, our own Julia Langham will be featured in three of the plays! (In a past life she was a professional actor in NYC - who knew?)

We are offering two free tickets to any performance ( March 5 through 8). Just register below. The winner will be announced on March 1.

 
Live Like a Hydra

Obi-Wan: “If you strike me down, I shall become more powerful than you can possibly imagine.”

An insightful look on how to live with chronic instability. In a world where chaos seems rampant, do you pine for the (largely imagined) old days, or do you learn how to live with upheaval?

Here is an interesting article that might help you think and behave in a more resilient fashion.

Be a Chaos Monkey Loving Hydra 
 
Greetings from Beyond.
What do King's Landing and Rivendell have in common?  How about 13 postcards from fictional places you wished you could visit.  Postcards.
Quick Links


Where is the best place to find homes on line?  On our website, of course!  Our Maine Home Search is the most comprehensive and accurate available.




How much is my home worth?  Complete the form and we can provide you with a current market value of your property. My CMA.
About Maine Home Connection
We Believe.......

At Maine Home Connection, we believe that clients deserve more – more expertise, more care and more focus. We believe 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.  Every agent in our company is committed to these ideals.

Sincerely,

Laura & Michael Sosnowski
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Maine Home Connection
19 Commercial St | Portland ME 04101 | 207.517.3100
 
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