Real Estate Information Archive


Displaying blog entries 1-3 of 3

New Maine property sales statistics/National Stats.

by Deborah Barouch

MREIS PRESS RELEASE - HOME SALES IN 2008: Single-family existing home sales in Maine fell 15.8% in December 2008 and 20.9% for all of 2008.  According to MREIS, 9,502 homes sold last year, compared to 12,014 in 2007. The median sales price decreased 12.63% in December and was down 7.22% for all of 2008. The median sales price indicates that half of the homes were sold for more and half sold for less. The statewide median sales price in Maine was $99,990 in 1998.  The statewide median sales price is $180,000 for 2008 - showing considerable long-term strength. Nationally, sales of single-family existing homes dipped 1.4% in December 2008.  According to NAR nationwide sales for all of 2008 dropped 11.9%.  In the Northeast, home sales decreased by 14.3%. The complete press release is posted at

Out of state buyers we are showing property to right now.

by Deborah Barouch

We have been very busy in recent weeks showing property to out of state buyers.

Yesterday, I was out for a second time with a buyer from  who is in the final round of job interviews with a major corporation. He has multiple homes[West Coast etc.] and would like to purchase an urban contemporary city condo. He is looking for views, amenities and a neighborhood close to restaurants, theaters etc. He absolutely required a garage and an elevator building.This narrowed down our choices considerably. We found one building in particular, that really seemed to meet his needs.

Last weekend, I was with a women from  the New York area who is planning a second home, 2 bedroom City condo purchase in the low 200 range. She would prefer some parking access, and a building that is nicely maintained with the ability to control her own heating source.  She appreciates a  good walking neighborhood IE: the Eastern or Western Promenades or the USM or Back Cove areas. We have found several nice ones and she is currently mulling over her choices and another trip up to Portland is in the offing.

We are also emailing property listings to a number of out of state buyers who looked at property with us last fall, and are now trying to sell their homes out of state. They are planning trips up to Portland, the second their homes/condos are under contract or sold!






Great 4 Unit Sold on the East End of Portland's Penninsula

by Deborah Barouch

On Friday we closed on a very nice four unit on Washington Avenue on the East End of Portland's peninsula.  Our younger, first time home buyer was thrilled by what the property had to offer.  All four units had character and architectural detail.  The building is comprised of two, two bedroom units and two one bedroom units. Unit number 5 is completely redone with granite, hardwood and tile with fantastic views of back cove.  This unit would make for an ideal and comfortable owner occupied situation.  Separate water heaters, separate utilities, new roof and parking made this building hard to pass on for our first time home buyer.


Displaying blog entries 1-3 of 3

Deb Barouch
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