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Newsletter: February 2016
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Who Knew?

“There's a force in the universe that makes things happen. And all you have to do is get in touch with it, stop thinking, let things happen, and be the ball.”                                         - Ty Webb

Regular readers of our newsletter know that we try to put together an eclectic mix of real estate information and interesting and (hopefully) inspiring curated articles.  During a recent golf excursion with some friends, the obligatory quotes from the movie Caddyshack were in full force.  Who knew that Ty Webb would be considered a trusted philosopher some 35 years later!

With the new year fully underway (btw what happened to winter?), it is clearly time to stop thinking and focus on doing.  This is especially true in today’s real estate market that is dominated by low inventory, low interest rates and in some cases competing offers.

The act of beginning sparks a certain magic. In the book The Tools by Phil Stutz and Barry Michels, this magic force is described as The Force of Forward Motion

When you begin, it is as if the universe conspires to give you more courage, more energy, and greater satisfaction than the mere avoidance of pain provides. Along the way we learn, we change, and we grow. 

Enjoy this month’s newsletter, and we look forward to speaking to you soon.

Home Sales Exceed Prior Year (Again)

January 2016 vs January 2015 

Maine home sales remained strong in January.  895 single family homes were sold across the state, representing an increase of 12.2% over January 2015. The median selling price (MSP) improved to $175,000, reflecting an increase of 9.9%.

The National Association of Realtors released January statistics indicating an 11.2% increase in sales nationwide, and a national MSP rise of 8.3% to $215,000.  Regionally, the Northeast experienced an impressive 20.6% jump in sales while the regional MSP was up 0.9% to $247,500.
 
As expected, Cumberland County continues to outperform the rest of the state.  Unit sales were up 29.3% in January and the MSP improved 9.4% to $230,000 – the highest in the state.  Looking at the last three months (Nov – Jan), sales and prices in Cumberland County are up 15.9% and 3.9% respectively.  The 3-Month rolling average for MSP is currently $245,000, by far the highest for any county in Maine. 

Cumberland County sales in January of 238 homes was the highest ever recorded.  No other January ever exceed 200.  Inventory levels are approaching historic low levels.  At the end of January the number of homes available was the lowest since 2005, with over 40% of all properties under contract.  

The chart below includes current sales statistics for many local communities.

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. 

Imagine More

When Clients Expect & Deserve More.....

Maine Home connection - A marketing company that sells real estate.
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2016 James Beard Nominations

Maine Well Represented


Just in time for Restaurant Week, (March 1 -12), the semifinalists for the prestigious 2016 James Beard Foundation Awards have been announced - and Maine did well with nine restaurants, chefs and brewers from across the state being included among the 21 total categories of semifinalists.

From a field of over 20,000 entries from across the United States, Maine is represented in the following categories:
  • Best New Restaurant: The Honey Paw in Portland
  • Outstanding Restaurant: Fore Street in Portland
  • Outstanding Wine, Spirits or Beer Professional: Rob Tod of Allagash Brewing Co. in Portland
  • Rising Star Chef of the Year: Cara Stadler of Tao Yuan in Brunswick, Stadler is also the owner of Bao Bao Dumpling House in Portland
  • Best Chef, Northeast Region: Erin French of The Lost Kitchen in Freedom; Brian Hill of Francine Bistro in Camden; Keiko Suzuki Steinberger of Suzuki's Sushi Bar in Rockland; and Mike Wiley and Andrew Taylor of Eventide Oyster Co., Portland.
On March 15, the semifinalists of each category will be narrowed down by an independent panel of culinary experts to five finalists, with the final awards being handed out on May 2 in Chicago.  View Press Release

Maine Most Comprehensive Home Search

Access All Active & Pending Properties


On our site you can view ALL properties for sale in Maine. You can search the MLS directly by any of the following methods:  Interactive Map, Advanced Detail Search, Address and MLS Listing ID. You can sort properties by town, type, price range and features -or use any of the predefined searches as well.

Creating an account is easy and no password is required. You can save multiple custom searches. Email updates will be sent to as new properties matching your criteria come on the market.  View Homes

The Man Who Solved His Own Murder

Inquiry into the death of Alexander Litvinenko

The former Russian spy was poisoned with a cup of tea in a London hotel. Working with Scotland Yard detectives, as he lay dying, he traced the lethal substance to a former comrade in the Russian secret service.
 

20 Cognitive Biases

That Can Screw Up Decision Making



Buyers and sellers are chronically impacted by all sorts of cognitive biases, but it can be extremely hard to understand their impact in the heat of the moment, even for the most self-aware.  

We make thousands of rational decisions every day — or so we think!  Business Insider recently sifted through a pile of research to create an infographic (attached) which highlights 20 of the most common cognitive biases that can lead to bad decision-making, including the idea that the more information you have, the more likely you are to make the smartest choice.  View Article

Rodney Dangerfield

This Clip Has Been Viewed 1,994,347 times

Rodney Dangerfield - The Tonight Show
Caddyshack was Rodney Dangerfield's first movie - He was one of the best!  He appeared on Carson's show 70 times.  The all time leader was David Brenner (who died in 2014) with 158.
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About Maine Home Connection

We Believe.......

.....at Maine Home Connection 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 | Owners

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Maine Home Connection
19 Commercial St | Portland ME 04101 | 207.517.3100
 
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