Featured Property: Beautiful Farmhouse in S. Thomaston!
Tuesday, April 30th, 2013
This farmhouse in South Thomaston, Maine is a beautiful waterfront property located near a landing, general store, and post office. An enjoyable day of fishing is right outside your door!
With 3 bedrooms and 1 ½ bathrooms, this home is ideal for a growing family. This home also boasts a brand-new kitchen! For more information about this listing, please contact agents Charles and Mary Jordan at email@example.com.
MLS: 1076563, $179,000
2013 will be a great year for real estate in mid coast Maine
Wednesday, January 16th, 2013
2013 bears all of the economic signs for a strong recovery in real estate. While Maine does not always exactly follow national trends, an improving national real estate market and growing consumer confidence across the country will be one of many factors to support growth in mid coast Maine’s real estate industry.
Looking forward, here are three major reasons why I predict robust growth in our local real estate market in 2013. First, the growing national trends in real estate and general economic conditions will be a major factor. Second, the employment outlook for mid coast Maine is positive. Finally, interest rates are still historically low and the cost of home ownership is within reach for most.
For the first time in recent memory, the country starts 2013 with a largely positive economic outlook. This will impact our market for many reasons. Second home buyers make up a significant percentage of middle and upper end real estate sales. Throughout the recession, that segment of the market fell substantially. As the overall economy improves, second home owners are returning. Demand and showing requests for the upper segments of the market have been growing for months. By the time the snow is gone and the prime selling season is upon us, the level of pent up demand will have increased.
Beyond the second home market, trending national real estate growth inevitably helps our market. The National Association of Realtors reports that nationwide sales of single family homes are up 12.4% over last year. Additionally, median home prices are up more than 10% across the country. Our closest large metro market, Boston, is performing extremely well. Sales and median price in Boston are growing faster than the national average. Agents in the Boston market report a growing number of multiple offers on new listings.
While a growing national market is a positive factor for real estate, no single factor is more important than local employment conditions. On January 10, the Maine Department of Labor laid out its predictions for 2013. An improving job market is predicted throughout Maine. The sectors projected to have the strongest job growth are healthcare, professional services, hospitality, and the service industry. These sectors make up the core of the labor force in the mid coast and most have medium to high paying jobs. Specifically, growth in healthcare and professional services will be major drivers of a local economic resurgence.
Banking conditions remain favorable. Mid coast Maine is blessed to have many very qualified mortgage professionals from both local and national banks. Interest rates remain historically low. Most buyers can find 30 year fixed rate mortgages at or below 3.5%. Buyers who can comfortably afford the payments on a 10-15 year mortgage will often find fixed interest rates below 3%.
When combined, all of these variables create an environment where we can all expect steady growth in the real estate market. The recovery started, albeit slowly, in 2012. Almost every month in 2012 showed gains in home sales compared to 2011. Sales for the last quarter of 2012 are up nearly 20% over the previous year.
Whether you are buying or selling, if you have been sitting on the sidelines watching the real estate market struggle along, 2013 will be the time get in the game.
Jaret and Cohn Real Estate
Featured Property: Friendship Waterfront
Monday, July 23rd, 2012
Summer in Maine! Let us tempt you with a property on Muscongus Bay!
Ten acres of fields, woodland and 822 feet of shoreline.
Penobscot Bay Regional Chamber of Commerce: CHAMBER CHALLENGE
Monday, July 16th, 2012
We are proud to be the lead sponsor for the Penobscot Bay Regional Chamber of Commerce
Jaret & Cohn Chamber Challenge on Friday, September 14, 2012!
Join us for the ALL NEW PBRCC Jaret & Cohn Chamber Challenge!
Our Challenge Committee is thrilled to announce that we’ll be holding this event at the Samoset Resort in Rockport on September 14th. This afternoon/evening event will definitely be a …FUN raiser.
The afternoon’s events include:
• 18-hole golf scramble (Tee-off at noon)
• DISC GOLF (starts at 3:00)
• TENNIS (starts at 3:00)
• BREAKWATER Bash!
• Business After Hours (5 – 7pm)
• and more!
Sponsorships are available at many levels – from Cart Sponsor to Hole Sponsor — this is a great way to support the Chamber, have fun, and gain visibility for your company. Click here for sponsorship details.
Saturday, April 7th, 2012
The Midcoast has relied heavily on The Camden Herald, Republican Jouranal and Courier Gazzette for area news for many centuries. We are pleased that this past Thursday our newspapers are back in print. Also available is an online addition.
Check out Jaret & Cohn’s Thursday ads!
Wednesday, January 25th, 2012
Visit houselogic.com for more articles like this.
Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
Waldoboro Office Manger – Please welcome Teresa Poland Byers
Friday, October 1st, 2010
Jaret & Cohn Real Estate is proud to announce Teresa (Poland) Byers as their new Manager for their Waldoboro office. She joined our team in June 2010, from day one she exhibited strong leadership skills, enthusiasm and is ready for any challenge.
Teresa is a native of Maine. She grew up in Round Pond, a small village of Bristol known for it’s July 4th Parade. She is married to Doug Byers a Merchant Mariner. Teresa is the daughter of Jon and Bonnie Poland; she has two sisters, Angela Poland and Tamara Kaler and a brother Jon Poland, Jr. She is a graduate of Lincoln Academy.
Currently Teresa lives in South Bristol with her husband and their two German Shepherd Dogs, Etta and Zira. Together they own and manage two multi-unit buildings in Rockland. She enjoys spending time with family and friends, is part of a women’s basketball group at the YMCA, recently taken up golf, enjoys spending time on the water, hiking at dodge’s point, Pilates and eating out at local restaurants.
Teresa has been licensed to practice real estate in the State of Maine since 2002. She is a current member of; Lincoln County Board of Realtors, National Association of Realtors and Maine Associations of Realtors.
Do bedrooms have to have closets?
Sunday, September 26th, 2010
This just came in from the Maine Association of REALTORS (MAR) legal council:
LEGAL SPOTLIGHT by MAR Legal Counsel: A long-standing rumor has resurfaced about bedrooms not being able to be called bedrooms unless they have a closet. I cannot find any legal requirement anywhere for a closet. It is not in the building code. It is not in the MREIS rules. It could be in a local ordinance, but you would have to check with the town. It is not in the life safety code (egress windows, and two means of egress, but not a closet). It is not in the plumbing code (you need to be careful not to state anywhere that there are more bedrooms than the septic system design calls for, but closets don’t matter). So closets may be desirable, but not necessary or legally required.
Wednesday, April 14th, 2010
Welcome to Jaret & Cohn’s new blog. We and our sixty plus seasoned agents have been active participants in our communities for over twenty-five years. We pride ourselves on being your partner when you want to buy or sell a home, business or investment property. We are also proud of where we live and do business. We hope you will follow our blog as we share with you news about local events, new businesses, real estate trends, and community projects.