Like Munjoy Hill 15 years ago, Bayside is heading for a value boom. But this time development is being done with community thought and intention.
real estate
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.
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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 inBusiness, Local & State, News
Impact of remote work still echoes in Portland’s office buildings
Though it has fared better than other metropolitan areas – the national office vacancy rate has hit record levels – the city, and its businesses, feel the pinch.
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.
Posted inBusiness, Local & State, News
Entire block of downtown Freeport to be auctioned after developer breaches mortgage
The Freeport Village Station retail center, which is valued at $32.5 million and includes an L.L.Bean outlet, is scheduled to be auctioned Wednesday as part of a foreclosure.
Posted inBusiness
MEREDA shifts forecasting conference to February
The Maine Real Estate & Development Association also will introduce new presentation options when it holds its annual forecast conference on Feb. 29.
Posted inMaine Voices, Opinion
Maine Voices: Calls for aggressive housing development miss bigger picture
The consequences of overdevelopment aren’t being given sufficient consideration.
Posted inBusiness
Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
The combination of high borrowing costs and intense competition for affordable homes is keeping many first-time buyers on the sidelines.