York Maine’s Luxury Real Estate Market Heats Up - Anne Erwin Sotheby’s International Realty Announces Two Significant Sales

York, ME, September 23, 2009 --(PR.com)-- A York Harbor oceanfront estate on Maine’s rocky coast, listed by Anne Erwin Sotheby’s International Realty, recently sold at a record breaking $4,800,000, and was followed by the sale of York’s renowned landmark, Cragmere – which was listed and sold by Anne Erwin Sotheby’s International Realty.

The record breaking property is the most expensive home sold in all of Maine thus far in 2009, per MLS data. It is also the most expensive property to ever sell in The Yorks (consisting of the coastal communities of York, York Harbor, York Beach, York Village, and Cape Neddick), topping the previous record by over $600,000, set by Anne Erwin Sotheby’s International Realty in 2007. The 6,700 square foot home sits on 1.23 oceanfront acres surrounded by gardens, in-ground pool, and gates for privacy.

Following the record-breaking transaction was the sale of Cragmere, in Cape Neddick, Maine. Cragmere was designed by architect Antoine Dorticos in 1895, and built as a summer cottage for a prominent Philadelphia family. In 1999, Cragmere received the Maine Preservation Award presented by Governor Angus King. Cragmere was the Old York Historical Society’s third decorator show house in 1992, featured in a kitchen tour in 2004, and was one of five Shore Road properties on the recent Garden Conservancy Tour.

“During a time of economic uncertainty, the Sotheby’s International Realty® brand holds strong in markets of all sizes,” says Sotheby’s International Realty Affiliates LLC President and CEO Mike Good, “These recent two sales are a reminder of our enduring strength in the luxury market, and we are proud to have participated in both of them.”

Anne Erwin Sotheby’s International Realty, serving the communities of York, Kittery, Kittery Point, South Berwick, Eliot, Ogunquit, Wells, Kennebunkport, and New Hampshire, offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.

Anne Erwin Sotheby's International Realty has had a leading presence in the southern Maine real estate market for over 25 years. Founded in 1980, the company offers a wide selection of oceanfront, ocean view, waterfront, water view, and distinctive homes in every price range in southern Maine including York, Cape Neddick, Kittery, Kittery Point, Ogunquit, Wells, Kennebunk, Kennebunkport, South Berwick, and Eliot.

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.

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