The latest figures also show a slight increase in inventory.
real estate
Posted inBusiness, Local & State, News
As seasonal home sales grow in Maine, businesses pop up to watch them
Maine has the highest percentage of second homes in the country, and Portland has been named the nation’s hottest luxury real estate market for almost a year. Entrepreneurs are cashing in on the trend.
advertisement
Posted inBusiness, Local & State, News
Typical Maine home now costs over $398,000 – a record
The median home price of $398,250 in May broke the previous record of $385,000 set in June 2023.
Posted inArts & Entertainment, Local & State
Deer Isle home of late musician Dan Fogelberg is for sale
The waterfront property off Eggemoggin Reach is on the market for $2.4 million, and many of his belongings from the estate will be sold at auction this month.
Posted inBusiness, Local & State, News
Maine home sales rise for third month, and prices inch closer to record high
In April, 933 homes were sold in Maine and the median sale price was $382,000, according to data released Wednesday.
Posted inKennebec Journal, Local & State, News, Politics
Stepping down from State House, Augusta’s Pouliot plans to focus on family, business, housing
After 12 years in the Legislature, Sen. Matt Pouliot, an Augusta Republican, is looking forward to fatherhood, and to helping end Maine’s housing shortage.
Posted inBusiness, Local & State
Maine home sales increased again in March and prices neared historic highs
Home prices usually peak in the summer. As the season heats up, real estate experts worry home ownership could grow farther out of reach for many Mainers.
Posted inArts & Entertainment, Business, New England
Broadway legend Stephen Sondheim’s Connecticut home sold for $3.25 million
Sondheim died at his Roxbury estate in 2021 at age 91.
Posted inKennebec Journal, Local & State, News
Financing emerges as key obstacle to 250-unit apartment project in Augusta
Meanwhile, the Civic Center Drive site where market rate apartment complex was proposed to target medical workers has been put up for sale for $6.5 million.
Posted inBusiness, Local & State
Freeport shopping center sells for $20 million at auction
The company that holds the mortgage on the Freeport Village Center bought the 3.6-acre complex after the auctioneer received only one bid for $5 million, well below the $32.5 million assessed value.