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Information regarding a commercial lease space in Rockport Maine.
1500-3500 square feet
Discover your Maine Home: Maine MLS
Sept. 24, 2019
Home for sale: 150 Washington Street Camden Maine
We love this home. 150 Washington in Camden Maine
Turn-key
Comfortable
Close to all things Camden
Energy Efficient
Posted in
Featured properties
Sept. 10, 2019
Home for Sale: 110 South Cobbtown in Lincolnville Maine
Mother nature meets contemporary architecture in this inspiring home. Blended seamlessly into the surrounding woods high above the Ducktrap River and looking out towards Camden Hills. Close to everything yet unable to see another house while you watch the eagles soar over the mountains. Glass vaulted solarium takes full advantage of the sun and is coupled with solar panels for hot water and electric. Ample guest space separated from the main
FMI Visit the property page of our website.
Listed by: Jack Kelly
Posted in
Featured properties
Sept. 7, 2019
Home for Sale: 468 Rockland Street in Rockport Maine "Blueberry Ridge"
"Blueberry Ridge" Is an amazing opportunity to own an expansive home in the desirable town of Rockport in Midcoast Maine. This property is currently used as a short term rental and is highly desired as a wedding and event location. The large barn, indoor pool, tennis court and landscaping further enhance this appeal of this property. Come find out why "Blueberry Ridge" is the place to be on the coast of Maine.
FMI: Visit the property page or contact Chuck Brawn
Aug. 23, 2019
Land for Sale: Build a home in Camden Maine
Build your dream home in Camden Maine. This property is improved with underground power and a four bedroom septic. It's not part of a subdivision and does allow for stick built, modular and mobile homes.
FMI: 79 Start Road in Camden Maine
Listed by: Chuck Brawn
July 1, 2019
Midcoast Maine: June 2019 Market Summary
Below you will find a market summary of the larger towns in Midcoast Maine: Camden, Rockport, Rockland and Belfast.
If you would like a market summary for your Maine town or a market analysis of your home feel free to contact us.
Discover homes currently for sale in Camden, Maine
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Discover homes currently for sale in Rockport Maine.
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Discover homes currently for sale in Rockland Maine.
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Discover homes currently for sale in Belfast Maine.
Posted in
Market Summary
Feb. 6, 2019
Median Sales Price vs. Average Sales Price
We have been asked: “Why do you put the median sales price on your just listed postcards and just sold postcards?” We hear that the majority of people like to use the term average. Average Sales Price doesn’t always accurately depict our real estate market areas.
Median Sales Price vs. Average Sales Price
When you’re buying or selling a home, you might evaluate the average sale price or the median sale price in your town. But what’s the difference between the two figures, and which number should you rely on as a valid measure of typical home prices in your area?
The Difference Between the Median Sale Price and Average Sale Price
The average sale price is calculated by adding all the sale prices for homes sold in a specific town and within a certain time frame and dividing that total by the number of properties sold.
Average Sales Price Example: 29 homes sold in a Lincolnville Maine last year, the average home price would be calculated by adding the sale prices for all 29 homes and dividing that figure by 29. Which creates an average sales price of $345,924.
The problem with the average sale price is that if one or more properties were sold at a very high or very low price, the average becomes skewed by that higher or lower home price. The median sale price, on the other hand, is the sale price in the middle of the data set when you arrange all the sale prices from low to high.
The median sale price, then, represents the figure at which half of the properties in the area sell at a higher price and other half at a lower price.
Median Sales Price Example: Using the same 29 homes that sold in a Lincolnville Maine last year, the Median sold price is $240,000
Is the Median Sale Price or Average Sale Price a Better Figure? It’s beneficial to calculate both the average sale price and median sale price to help you determine the ideal listing price when buying a home. In the Lincolnville examples above there is an over $100,000 difference between the median and average sales prices.
When you list the current listing prices in your area or the sale prices for sold properties, you can easily determine if there is an outlier that could be inflating the average price calculation. It’s important to take into consideration all figures.
For more advice on how to make the most money from selling or buying a home, contact a Dwelling in Maine Real Estate Agent. We can walk you thru determining the best price for a property in Midcoast Maine.
Jan. 29, 2019
Is Student Loan Debt a threat to your future homeownership?
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Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations. Due to this, student loan debt has soared to $1.5 trillion and represents the largest category of debt, surpassing credit card and auto loan debt in 2010 and never looking back. As more and more Americans continue their education amongst rising tuition costs, this number will no doubt increase.
Many housing experts have blamed student loans for a drop in the homeownership rate for young families, and to an extent, they’ve been right. Increased debt at the time of graduation has no doubt limited young people from being able to afford a home at the same rate as their parents or grandparents did at the same age.
In a recent Forbes article, the author explained that “in just the class of 2017, the average student has about $40,000 in debt — almost enough for a 20% down payment on a median-priced home.”
The Federal Reserve set out to determine exactly how much impact student loan debt has had on the homeownership rate of those 18-34 (millennials). Their results found that “Every $1,000 in student loan debt delays homeownership by about 2.5 months, but it doesn’t prevent homeownership entirely.
In fact, by the time college grads reach their 30s, those with student loan debt have a homeownership rate nearly identical to those who didn’t take out loans.” (emphasis added)
In the Wall Street Journal’s coverage of the Fed report, they found that recent graduates prioritize paying off their student loans over saving for a down payment, despite their desire to be a homeowner. Many with debt want to “get that monkey off (their) back (before they) make any new investments.”
This has just delayed the wave of young home buyers from hitting the market. But as Danielle Hale, the Chief Economist at realtor.com warns, “2020 will be peak millennial, the year when the largest number of millennials will turn 30.” By age 30, those who attained a bachelor’s degree right after high school will be one or two years away from paying off their loans and will have been in their career long enough to earn a higher salary. In the long run, research shows that attaining a bachelor’s degree or more actually increases the chances that someone will become a homeowner.
Bottom Line If you are one of the many millennials who has prioritized paying down your student loans over saving for a down payment, you’re not alone. Even if you are a couple years away from paying off your loans, meet with a Dwelling in Maine real estate agent who can help you determine if waiting really is the best decision for you! |
Posted in
Buyer Tips,
Home financing
Jan. 25, 2019
Think you should sell your home For Sale By Owner: [Infographic]
Some Highlights:
- For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent.
- According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 36% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics!
- Before you decide to take on the challenges of selling your house on your own, sit with a Dwelling in Maine real estate agent in your marketplace and see what we have to offer.
Posted in
For Sale By Owner,
Seller Tips