Maine’s real estate market: low inventory, high demand

In the latest report from the Maine Real Estate and Development Association, analysts say commercial real estate activity is cooling off, but residential is holding strong.

Spring 2019 MEREDA Index Commentary – THE CONSTRUCTION COMPONENT – Richard Brescia, Cianbro

In late 2018 and early 2019, Cianbro continued to see strong construction demand, including increased interest and investment from sources outside of Maine. What’s more, the demand wasn’t concentrated in our largest metropolitan markets, but stretched statewide, putting added pressure on construction resources and – subsequently – costs.

Real estate trends point to a cooling economy, experts say

Experts at a Maine Real Estate and Development Association conference say the economic cycle that brought years of real estate market growth appears to be winding down.

Spring 2019 MEREDA Index Commentary – THE RESIDENTIAL COMPONENT – Elise Kiely, Esq., Legacy Properties Sotheby’s International Realty

Elise Kiely, Senior Vice President , Legacy Properties Sotheby’s International Realty recently provided insight for the Spring 2019 Edition of the MEREDA Index by sharing her perspective on the Residential Sector over the last 6 months.  We are continuing to see robust sales activity in Maine’s residential market. 2019 has started off with relatively lowRead More

Commercial real estate activity declines in Maine amid residential gains

Lackluster commercial real estate sales and lease transactions during the past six months depressed the overall activity in Maine’s real estate market, though residential activity and construction employment nudged up, a real estate group said.

MEREDA spring real estate index: Commercial declines; residential, construction strong

There are fewer sales, fewer leases and less square footage involved in Maine commercial real estate over the past six months, but residential and construction are going strong, according to the Maine Real Estate and Development Association.

MEREDA focuses on new approaches to housing at 2019 spring conference

The focus was on the future of housing in Maine, and new approaches to it, when several hundred real estate industry representatives gathered at the Maine Real Estate and Development Association 2019 Spring Conference in Portland on Tuesday.

Spring 2019 MEREDA Index Commentary – THE COMMERCIAL COMPONENT – Joseph Porta, Porta & Co.

Joseph Porta, SIOR, Broker/Manager of Porta & Co. recently provided insight for the Spring 2019 Edition of the MEREDA Index by sharing his perspective on the Commercial Sector over the last 6 months.  With Q1 of 2019 behind us, and an active second quarter approaching, it’s a perfect time to reflect on southern Maine’s capitalRead More

Spring 2019 MEREDA Index Commentary – INTRODUCTION – Tim Soley, East Brown Cow Management, Inc.

Tim Soley, President of East Brown Cow Management, Inc. recently provided insight for the Spring 2019 Edition of the MEREDA Index by sharing his perspective on the markets overall.  I’ve always found the MEREDA Index to be an extremely valuable tool. Not only is it a great source for measuring changes in our industry overRead More

Construction costs putting many projects on hold