Town & Shore Real Estate
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Covers posts on Industry News, Open House, Property Tour , Life In Maine, Home Decor and Home Maintenance.
Town & Shore Real Estate is a trusted, independent local real estate brokerage with deep roots in the Maine community.
Town & Shore Real Estate
1y ago
2023 is off to a slow start for single family homes in Cumberland County. On the supply side, listings are up 7.5% over January 2022 and up a robust 32.9% over last month. Despite this uptick in listings, the market is still struggling from a lack of inventory; currently at 1.5 months of supply. Lack of inventory and higher ..read more
Town & Shore Real Estate
1y ago
Thank you to all of our clients for another successful year! Our 17 full-time, hard-working brokers closed more than 200 million in sales volume in 2022. The Town & Shore team is looking forward to another busy year ahead! If you are looking to purchase a property in 2023, please reach out to one of ..read more
Town & Shore Real Estate
1y ago
Interest rates and inflation are up, the stock market and unemployment are down, add in supply chain disruptions and pandemic related migration – there are a lot of external forces creating turbulence in the broader economy. Despite this, the housing market in Cumberland County has continued to be resilient. Over the past 12 months, the median ..read more
Town & Shore Real Estate
1y ago
"More people than ever are calling Portland home, an ideal location for those seeking both big city amenities and a small-town vibe". Earlier this year, Town & Shore Real Estate collaborated with Decor Maine to offer our knowledgable insight into life in Greater Portland. Town & Shore offers the authority on all things fabulous in the area and ..read more
Town & Shore Real Estate
1y ago
The Cumberland County housing statistics for August are in and the picture is decidedly mixed. On the upside, the Median Sale Price for Single Family Homes remained unchanged from July’s Median of $500,000. Although prices are holding steady compared to last month, the median is down from April’s high of $540,000. On ..read more
Town & Shore Real Estate
1y ago
Are you a Maine resident that has owned your home for 10+ years and are over the age of 65? If you are, you can apply to have your property taxes frozen! Details from the Maine Government webite: Property Tax Stabilization for Senior Citizens, also known as the Property Tax Stabilization Program (the “Program”), is a State program ..read more
Town & Shore Real Estate
1y ago
- The housing market in Cumberland County is in transition, as interest rates begin to help tamp down demand. At the same time, it continues to be a strong seller’s market. The Median Sale price fell slightly compared to June, but is still up 12.4% year over year. The average list to sale price ratio fell slightly to 105.8 ..read more
Town & Shore Real Estate
1y ago
Sandy Johnson & Gail Landry provide and in-depth video update on the progress made at Hobson's Landing: Phase 2! A few notables: - Steel construction is underway. - The 4th floor columns on the York Street side are going up. - Next Steps will be the pouring of concrete floors. For further information on Hobson's Landing, visit ..read more
Town & Shore Real Estate
1y ago
Earlier this spring Town & Shores Real Estate launched a fundraising campaign with Save The Children to raise funds for those caught in the middle of conflict in Ukraine. The combined effort of our Partners, Clients and local business colleagues allows us to write a check for $6,000.00 to this important cause. Thank you to ..read more
Town & Shore Real Estate
1y ago
Selling season is now in full swing and the median sale price of single-family homes in Cumberland County increased 11% year-over-year. As expected, rising interest rates, inflation and stock market volatility are beginning to have an impact on the local real estate market. The number of houses that sold in June was ..read more