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Newsletter :: December 2016
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Master Yourself ... Find Your Voice 

For us, next month will represent three years as an independent real estate company.  The time has gone by quickly (good thing we signed the 7 year lease!) and, as expected, with the end of the year drawing near, the time for reflection is upon us.

Each month, as part of our newsletter, we have attempted to include at least one story or article that is reflective, inspirational or, in some cases, thought provoking.  Looking through last year’s editions, one that stood out to me was “Grind vs Dream” and featured an image by Joey Roth.

Building upon that, below is another image by the same artist: Beginner – Expert – Master. It is easy to have the false assumption that your talent (voice) is static and comparable to others in your chosen field or profession. It is not.



A Master and a Beginner are similar in what the world may see on the surface. A master simply has more depth. A Master has the wisdom and a solid foundation of fundamentals. The Expert knows and shows (through speech and material items) more than a Beginner and the world may see them as more “successful”. But as with everything in life... there is more beneath the surface - and the difference is Voice.

Voice is the value found by pursuing mastery over ourselves and what a creative person brings to the world, and it’s a sacred value. Other activities must be judged by how well they support our voice’s expression.

With that ....... enjoy this month's abbreviated newsletter & Happy Holidays!
Happy Holidays from Maine Home Connection
The Weather Outside is Frightful...and Sometimes inside
 
November Real Estate Sales Update
Sales Rebound in November


Single family homes sales in Maine were up 16.3% in November 2016 compared to November 2016, as 1,417 properties were sold. This represents the 11th consecutive month of 2016 where this year’s sales outpaced results of the prior year.

Following five months of lower sales in 2016, the results in Cumberland County rebounded significantly as November sales of 340 represented a 22.3% increase over 2016.

The graph below includes year-to-date sales comparisons for many local communities as well as Maine and Cumberland and York Counties.  YTD sales for Maine and York County are up similar amounts - 11.0% and 12.0%, while Cumberland County is considerably behind at 2.4%. Additionally, (and somewhat concerning), sales in Cumberland County over the last three months are down 1.0% - the only county in Maine reporting lower sales during this period (vs the same period last year).

While not included in the graph, condo sales were also up in November – 30.0% for the Maine, bringing the YTD totals to 9.6% ahead of last year.  The median selling price (MSP) of a condo in Maine is $209,700 compared to $199,000 in 2015.  Despite a very strong sales month in November, YTD condo sales in Cumberland County are up only 1.9% over 2015, while the MSP of $245,450 is up 9.9%.

Single Family Selling Prices

The median selling price in Maine in November was $191,863, up 6.6% over the prior year.  The YTD MSP is up 5.0%.  While the median selling price in Cumberland County continues to outpace that of 2015, the MSP of $260,000 in November 2016 was below November 2015 (less than 1%) for the first time in any month this year.

As clearly indicated in the graph below, many local southern Maine communities are experiencing lower sales this year compared to last year, led by Kennebunkport and Cape Elizabeth.  Yet, MSP prices continue strong, even considering the slight fall back in the month of November.  During the last several months there has been more pressure on higher-priced properties in our area.

Nationally & Regionally

For the third consecutive month sales of existing homes increased nationally in year-over-year comparisons.  A big surge in the Northeast and a smaller gain in the South drove the results forward. 

Total existing-home sales rose 0.7% to a seasonally adjusted annual rate of 5.61 million in November from a downwardly revised 5.57 million in October. November's sales pace is now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million) 

The MSP in November was $234,900, up 6.8% from November 2015 ($220,000). November's price increase marks the 57th consecutive month of year-over-year gains.  The MSP of a home nationally is comparable to that of southern Maine.


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. 
Are Your Looking For...
Elevate Your Life & Lifestyle in Southern Maine

This is our newest creation from MHC Studios, an inspiring video about where we live, work, play and grow.

When you’re in the market for property, chances are you’re in search for more than simply a residence. What you’re looking for is a home - a place that’s harmonious with your own unique lifestyle. At Maine Home Connection we’ve made it easy for you to find just that.
.

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 
More Expensive than Oil
Inside Quebec's Great, Multi-Million-Dollar Maple-Syrup Heist


In today’s market, a single barrel of maple syrup is worth approximately $1,300, 26 times more expensive than crude. The group responsible for this high price is known as FPAQ, or the Federation of Quebec Maple Syrup Producers, which controls 72% of the world’s supply.
 

Writing for Vanity Fair, Rich Cohen investigates how the Canadian group’s methods may have led to one of the greatest agricultural crimes in all of history.  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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