Shawn Losier Real Estate Site

Your Real Estate Consultant For Life!

We specialize in turning houses into homes!

Shawn Losier

Green Tree Realty, LLC

DIRECT (207) 838-4663

Office (207) 772-4242

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MAINE HOME SALES UP 29 PERCENT IN FEBRUARY

SOUTH PORTLAND (March 21, 2012) — Buyers of single-family existing homes in Maine showed up in increasing numbers last month, leading to double-digit sales gains. According to the Maine Real Estate Information System, Inc., 624 homes sold in February 2012, a sales increase of 29.46 percent compared with February 2011. The median sales price (MSP) decreased 5.99 percent to $149,900 in that same time period. The MSP indicates that half of the homes sold for more and half sold for less. The National Association of Realtors reports a 9.4 percent increase in existing home sales nationwide. The national MSP rose 0.1 percent to $157,100 in February. Regionally, the Northeast experienced a 5.5 percent increase in sales, while the regional MSP dipped 1.9 percent to $225,800.

Tina Lucas of Lucas Real Estate in Portland relays, “The steady increase in the number of homes sold is a reflection of several factors: the rise in consumer confidence, continued historic low interest rates and, in the last quarter, an unusually mild Maine winter.” Lucas, who serves as the President of the Maine Association of Realtors, adds, “With little snow cover and mild temperatures, the ‘hibernation factor’ did not have an opportunity to develop. We are seeing steady sales across the price spectrum with brisk activity in the first-time home buyer market, multi-family properties and the luxury home market with high end homes attractively priced. Investors are viewing real estate as a safe haven. Buyers across the board who are ready, willing and able to get into the market are recognizing the door may soon be closing on the current pricing, as the inventory continues to shrink.”

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As you are searching for your new home, please remember that I can help you set appointments and gather pertinent information on the properties you select, no matter how you find them or who they are currently listed with. If you will keep me updated on the properties that are of interest to you, I will be happy to do the homework for you.

Buying a new home is an exciting venture, and Im privileged to assist you with this important decision. Please feel free to call me at 207-838-4663 at any time.

Sincerely,

Shawn Losier

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 4,100 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.