real estate

Real Estate: What's Happening with Maine's Market?

Jun 22, 2018
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For the third year in a row, Maine home sales set a record for the number of homes sold.  Home prices were up more than 5 percent across the state. The tight inventory is good for some and a challenge for others. We’ll get expert advice on approaching Maine’s real estate market and answers to questions about the value of certain home improvement projects.

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Industrial space has become almost impossible to lease or buy in the greater Portland area, after cash-rich marijuana growers snapped up existing warehouses. That's helped to force vacancy rates way down and prices way up, just as conventional businesses are ready to expand.

Real Estate in Maine

Feb 1, 2018
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Real estate is Maine's number two driver of GDP (behind only healthcare). Maine has one of the highest home ownership rates in the nation. But many of those homes are energy-inefficient, very old, and expensive to maintain. Plus, there is still a shortage of real estate agents in our area. What does this mean about Maine's transformation in the next 10 or 20 years?

Guests:  Paul Peck, board president of MEREDA, real estate developer, attorney

Erin Cooperrider, Development Director with Community Housing of Maine and Principal with The New Height Group

Brit Vitalius, president and designated broker for the Vitalius Real Estate group and president of the Southern Maine Landlord Association


The Maine Camp Tradition

Jul 19, 2017
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All jokes aside, it's truly a Maine thing to go "upta camp." How did the tradition start? And what does it look like today? We'll learn the history and the future of the Maine camp tradition.

Guests: Bernard Fishman, director, Maine State Museum

Tom Landry, real estate agent based in Portland

Real Estate

Feb 1, 2017
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Data released this week shows that Maine set a record for home sales in 2016 –  the number of homes sold in the state went up nearly 12 percent in the past year.  We'll hear from experts in the real estate industry on what they expect to see happened to residential and commercial real estate prices in the coming year, and what it means for the broader economy.

Guests:

Paul Peck is president of the Maine Real Estate and Development Association, an attorney with Drummond & Drummond, and a real estate developer.

Both the number of houses sold between January 1 and March 31 in Maine, and the prices of those houses, increased on average in Maine over last year.

Statewide, 16% more existing one-family homes, sold in the first quarter of this year, than at the same time last year; and the average price increased about 5.5%.

But of course some areas are doing better than others in the state. Maine Association of Realtors president Ed Gardner says city center areas are the big winners.

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Some of the questions we will ask and answer: What will interest rates do? Is now a good time to buy? For whom (first time homeowners vs. empty nesters)? What about flipping, investing, or becoming a landlord?  Which communities are hot? What does the market look like in Portland vs. Lewiston-Auburn vs. Midcoast vs. Bangor?  What about office space, retail space, and industrial space? Better for business owners to rent or buy? What are those markets doing?

  What's in store for Maine's residential real estate market in 2013.  A panel of Realtors from throughout the state discussed and answered questions about whether this year may be the time to buy, sell or hold.

 Host Irwin Gratz was joined by:

Harper Lee Collins, RE/MAX Heritage

Angelia Levesque, RE/MAX Advantage

and Drew Sigfridson, CBRE of The Boulos Company and President of the Maine Real Estate and Development Association