THE END OF THE COVID MARKET

The pandemic years, especially 2021, were a strange aberration where EVERYONE bought a peloton, adopted a dog, and MOVED! House prices skyrocketed, and nearly every real estate business posted record revenues. In 2022, the Maine residential market had a split year with prices soaring until June, and then they took a downward turn along with the number of units. Keeping in mind, Maine home prices increased 12% over 2021 overall and single family residences and condominium units translate in to an almost $8 billion industry.

We are proud and grateful that despite a tumultuous year in real estate with the Maine market down 9% in volume, Portside’s volume was up over 2021. We are excited to announce that Portside not only overcame this industry-wide trend but also celebrated our 10th year in business with our best year ever for sales volume.

We are incredibly proud of our achievements and will continue to strive for excellence in all our endeavors, here are some of the 2022 highlights:

● We opened our seventh office, located in the heart of downtown Brunswick. The new space is in a prime location, surrounded by a vibrant community and an abundance of local amenities. The office boasts a modern design while embracing the original character of the building. We are excited to be a part of the Midcoast community and look forward to serving the needs of our clients in this new location.

● Portside achieved an exceptional milestone as we recorded the highest volume increase in York County among all brokerages. This outstanding accomplishment has earned us the bragging rights title of being the "fastest growing" brokerage in the county. Our exceptional performance is a testament to our dedicated team and their commitment to providing outstanding service to our clients in Southern Maine.

● Portside was ranked at #2 in Maine for multi-family sales volume. This is a reflection to the hard work and dedication of our team, who have been consistently delivering outstanding results in the multi-family market. This achievement reflects our tenacity, connections, and our deep understanding of the multi-family market in Maine.

● And perhaps the most impressive statistic of all, Portside has established a reputation as the premier company for uncovering hidden gems in the real estate market. This is highlighted by our ranking at #2 for buyerrepresented sales volume, showcasing the expertise and resourcefulness of our team. Our success in this area can be attributed to our extensive network through the Leading Real Estate Companies of the World, which allows us to reach a broad range of clients. We are proud to be known as the go-to company for finding that needle in a haystack for our clients.

At Portside, we are proud to have made a positive impact on our community through our 1% for Maine® initiative. We were able to give back $170,000 to Mainers in need through grants in four counties, which supported 16 different organizations. Our efforts didn't stop there, we also provided an additional $32,000 through our event series, pop-by gifts and other sponsorships, to support even more non-profits.

We also made sure to bring a little extra joy to the community by providing free coffee on our Coffee's on Us days, bringing smiles and a little caffeine boost to thousands of Mainers. We're proud of the difference we've been able to make and we're dedicated to continue supporting the community in any way we can.

All of us at Portside are beyond grateful for the numerous opportunities that have come our way in the past year and are eagerly anticipating what the future holds for us in 2023.

Dava Davin dava@portsidereg.com Founder, Portside Real Estate Group

Dava Davin dava@portsidereg.com Founder, Portside Real Estate Group