(JULY PRESS RELEASE) MAINE SINGLE-FAMILY HOME SALES AND PRICES UP IN JUNE

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AUGUSTA (July 23, 2018)—The Maine summer real estate sales season is in full swing. According to the Maine Association of REALTORS®, REALTORS® around the state sold 1,937 single-family existing homes in June 2018, an increase of 2.54 percent over June 2017. Home values experienced double-digit gains, with a 10.98 percent jump in the median sales price to $227,500. The MSP indicates that half of the homes were sold for more and half sold for less.

“It’s been a strong year for much of Maine and inventory is moving quickly,” says Kim Gleason, 2018 President of the Maine Association of REALTORS® and Broker/Owner of McAllister Real Estate in Hallowell. “The number of sales during the first six months of 2018 are nearly 2 percent ahead of the first six months of 2017, which was Maine’s best ever.

“In some areas of Maine, the markets are tight—multiple offers are prevalent, and prices show upward pressure.”

The National Association of Realtors today reported a national sales dip of 2.3 percent, while prices rose 5.2 percent to an MSP of $279,300. Regionally, home sales in the Northeast eased 4.0 percent over the past year and the regional MSP increased 3.3 percent to $305,900.

“Maine real estate continues to be a great investment, and those thinking of buying or selling need to consult early on with a REALTOR® who is knowledgeable of the local area for the best strategy and successful outcome,” adds Gleason.

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of June only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the rolling quarter of April, May and June of 2017 and 2018.

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Source: Maine Real Estate Information System, Inc. (d/b/a Maine Listings). Note: Maine Listings, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,700 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the system within the time periods indicated. Contacts: Maine Association of REALTORS President Kim Gleason (McAllister Real Estate) – (207) 621-2345 – kimgleason@myfairpoint.net – Maine Association of REALTORS President-Elect Peter Harrington (Malone Commercial Brokers) – (207) 772-2422 peter@malonecb.com For more names: suzanne@mainerealtors.com

Hello? Is this thing on….

Let me introduce myself!

Thank you for visiting! My goal for this blog is to provide you with market trends, open houses, FAQ’s, local events and any other real estate tips I can offer you while also having some fun!

But first, a little about myself…

My name is Whitney Sabelawski and I grew up in beautiful New England with my summers highlighted with visits to Maine each year. Every trip I would always remark to myself that one day I would call Maine home so I would never have to leave as September drew near. Fast forward a few years later with a short detour to New York as I earned my degree in business, I can now say that I am officially home. I purchased my house several years ago and I am beyond excited to be able to raise my daughter in this wonderful community. I look forward to sharing with her the numerous adventures that I was able to enjoy while growing up. Aside from my passion for real estate, I am also an avid runner, triathlete and enjoy walking the beach with my family and English Labrador named Bow.

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(Bow enjoying her 2nd birthday at the beach)

I joined Coldwell Banker Residential Brokerage in June 2018 and I am excited to leverage my experiences in business to make the buying and selling process as easy and successful as possible for my clients. If you would like to speak with me about any of your home buying or selling needs I can be contacted at 207-360-1444 or whitney.sabelawski@nemoves.com. You can also visit my website at http://www.whitneymovesmaine.cbintouch.com

I hope you enjoy my blog and check back to see a new and exciting post each week! I am looking forward to sharing with you my knowledge and expertise as well as my reasons for why I truly mean it when I say #lovemyMAINEhome. 

Warm Regards,

Whitney Sabelawski, REALTOR®
Coldwell Banker Residential Brokerage