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Maine Real Estate News - May 2017

Festival Season Starts!

Do you look forward to Maine Fairs and Festivals?


May is the start of all the fun, food and excitement that comes along with the fairs and festivals. 

This month check out....

The Annual Fiddlehead Festival
May 6th in Farmington
This year's theme is  "Seeds and Breeds: Promoting and Preserving Food Diversity"

Bath Mayfair & Yard sale
May 6th in Bath
Citywide yard sale, maker's fair, music and more!

Bug Light Kite Festival
May 20th in South Portland
Bring your kite, buy a kite, or just watch the amazing kites on display!

All Roads Music Festival
May 20th in Belfast
Features Indie Music with local talent from all over the state!

Check our "Things to Do" calendar to stay updated on great fairs and festivals all season! 

3 Charts that Shout "List Your Home Today"!

Why Should You List Your Home TODAY?

 In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.

Welcome to the Team!

 Have you met our new Scarborough team members? 

We are pleased to welcome Amanda Hill and Ashleigh Hill to the Fontaine Family team!  Yes...they are sisters...perfect for our family team.  Both Amanda and Ashleigh are working with both buyer and seller clients. Are you ready to get started on your real estate journey?  Call Amanda or Ashleigh to get started today! 

 

Amanda can be reached at amanda@fontaineteam.com or (207)240-0611.


Ashleigh can be reached at ashliegh@fontaineteam.com or (207)577-0285.


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Contact Information

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Fontaine Family - The Real Estate Leader
336 Center St. Auburn, ME 04210
432 US Route 1 Scarborough ME 04074
(207)784-3800 Auburn
(207)289-3830 Scarborough
Fax: (207)786-2957

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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2014 Maine Real Estate Information System, Inc. All Rights Reserved.