Maine Real Estate Blog

Feeling like there aren’t enough shopping options in the Portland area? Well you’re in luck! A Westbrook landowner and a developer from New York have just unveiled their plan to develop over 1.6 million square feet of space near exit 47 of the Maine turnpike. Stroudwater Place as its been named will be home to upscale shops, restaurants, hotels, recreational facilities including an indoor ice rink, offices and entertainment. The developers envision Stroudwater Place as a destination rather then just another shopping mall. Of course, the development must be approved by the town and will require a zoning change. Once approved it will be built in phases over the next seven to eight years.

www.brettdavisrealtors.com

It probably will, according to research by Spicerhaar, an independent estate agents network.

The managing director of Spicerhaar found that before a general election, home-buyers have a lot of anxiety about election outcomes and the possibility of looming tax increases that dig into their budgets. However, historically there has been a strong trend in improved confidence post-election going back 50-years regardless of the result of the election.

Spicerhaart’s research  looked at home prices and the number of property transaction prior to elections & post-elections. They found that in the run up to the 1997 election, the percentage increase in property value dipped from 2.4% to 1.3%. However after the election, house prices recovered and increased by 1.6%

Prior to the that same election year property transactions fell  but then increased by 8% after the election. 

www.brettdavisrealtors.com