Maine Prices Up and Volume Down
Maine Home Connection | Maine Real Estate Blog
by Michael Sosnowski
9M ago
The most important single central fact about a free market is that no exchange takes place unless both parties benefit. – Milton Freidman The availability of single-family existing homes for sale across the state of Maine remains tighter than normal, however there are positive signs on the horizon. Home values rose 6.5% in June 2023 compared to June 2022, reaching a median sales price (MSP) of $385,000. Year to-date prices are up 4.5% across the state.  Sales were down 19.3% compared to June 2022, mostly due to a lack of inventory and are now down 23.1% YTD statewide. While the number o ..read more
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Moving to Prouts Neck Soon?
Maine Home Connection | Maine Real Estate Blog
by Michael Sosnowski
1y ago
Take a break from the hustle and bustle of everyday life and immerse yourself in the serene beauty of Prouts Neck. This picturesque peninsula, located in Scarborough, Maine, is a haven for nature lovers, artists, and anyone seeking a peaceful retreat. From the stunning rocky coastline to the quaint summer cottages, Prouts Neck is a charming slice of Maine life. Take a leisurely walk along the scenic trails, explore the hidden coves, or simply sit back and watch the waves crash against the shore. The Pebble Beach of the East Coast And for golf enthusiasts, don’t miss the chance to play a round ..read more
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Start Maximizing Your Wealth Today
Maine Home Connection | Maine Real Estate Blog
by Katrina James
1y ago
  Start Maximizing Your Wealth Today By becoming a homeowner, you can bring a lot of value to your financial portfolio. A home is usually one of the biggest assets you will have in your lifetime and should be reviewed regularly. Why? Because values increase and decrease over time just like your investments or retirement funds. There are plenty of reasons to review your homes value, regardless if you have no immediate plans on moving. Knowledge is power and with Homebot, you are given the tools to help guide you to make decisions, such as to refinance, make home improvements, or get a line ..read more
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Living a Green Dream in Maine
Maine Home Connection | Maine Real Estate Blog
by Katrina James
1y ago
42 Intervale Road, Freeport If you are looking for a truly comfortable, green home that is incredibly energy efficient with minuscule energy costs, look no further. 42 Intervale is located in the highly coveted, green Kelsey Brook subdivision. Feature on BrightBuilt’s website as their Foxbird Ranch model, this 1900+ sqft single-story home has an attached two-car garage over an acre of forested land. It comes with triple-pane windows, ZipSystem air-tight build, metal roof, and well-insulated walls. Welcome Inside The house has three bedrooms and two full baths, one of them en suite with the pri ..read more
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Updates in Douglas Ridge
Maine Home Connection | Maine Real Estate Blog
by Katrina James
1y ago
As the year comes to an end, we’d like to share the progress in Douglas Ridge, the new neighborhood of high-performance homes in Brunswick, Maine. Since 2018, we’ve come a long way, when 17 lots were for sale. Progress in the Neighborhood In 2022 alone, Douglas Ridge has seen the most change. Up until now, construction on 5 Unity homes has been completed, which consist of 2 Varms and 3 Xylas. On top of that, two other homes have foundations and are far along in their construction stages: one home designed by Mottram Architecture and a Unity home. This upcoming year, we ..read more
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Merry Christmas 2022
Maine Home Connection | Maine Real Estate Blog
by Michael Sosnowski
1y ago
Strange, isn’t it?  Each man’s life touches so many other lives.  When he isn’t around, he leaves an awful hole, doesn’t he? – Clarence Odbody, Angel Second Class ​Our lives are full of wonder, it seems, by the mere fact of our interconnectedness. Love for friends and family, the decency we exchange with those around us, the value of not doing “great things” but small things in a great way. Those are life’s precious moments as highlighted in the classic film – It’s a Wonderful Life. Merry Christmas and Happy Holidays. Until Next Time … Imagine More ..read more
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Sustainable Homes in Douglas Ridge
Maine Home Connection | Maine Real Estate Blog
by Katrina James
1y ago
Sustainability in Douglas Ridge Sustainability has been a central focus in recent years as many become mindful of global warming and strive to lead healthier lives. As people look for ways to incorporate words like efficient, resourceful, and sustainable in their home search criteria, old homes – especially those you’ll find in Maine – don’t meet most of their requirements. In Douglas Ridge, a development of new homes in Brunswick, Maine, those requirements are fulfilled and even exceed what it means to live a healthy life at home. In new construction, you might start to wonder what materials ..read more
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Updated Home Values for November
Maine Home Connection | Maine Real Estate Blog
by Katrina James
1y ago
While the supply of homes available for sale has increased over the past 12 months, there is not a surplus, as there was in 2008, when selling prices fell dramatically. If you are interested in getting an up-to-date valuation of your home, sign-up here: Maine Home Value These reports are emailed out each month.  Until next time, Imagine More ..read more
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Homeowners Fall Checklist!
Maine Home Connection | Maine Real Estate Blog
by Katrina James
1y ago
HOW TO PREP YOUR HOME FOR WINTER (INSIDE & OUT) Winter is nearing, and as a homeowner, that should ring some bells! Here’s a homeowner guide that outlines important checklist items to maintain a healthy home report throughout winter. We start by exploring all the inside items, then move outside. It’s best to check up on all items in this list, although some may not apply. If you are finding yourself in doubt, please reach out to Maine Home Connection, we are here to help! INSIDE Clean Your Carpets! After a season of shoes, beach sand, and traverse through your home, it’s time for a good ..read more
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Significant Increases in Homeowner Equity
Maine Home Connection | Maine Real Estate Blog
by Michael Sosnowski
1y ago
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. As of the second quarter of 2022, U.S. households own $41 trillion in owner-occupied real estate, with just over $12 trillion in debt, and the remaining $29 trillion in equity. The national “LTV” – Loan to Value Ration stands at 29.5% – the lowest since 1983. Why is this important?  While inflation and higher interest rates are having a chilling effect on the current real estate market, the strong home equity posi ..read more
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