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V O L . X X V I N O. X X I S E P T E M B E R 7 , 2 0 2 0 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E N O T E W O R T H Y M I D C O A S T & D O W N E A S T Horch Roofing in Warren donated $16,200 to Good Shepherd Food Bank. Brooklin Boat Yard in Brooklin re- leased the Wheeler 38, a dimension- ally accurate, modern interpretation of Hemingway's "Pilar" fishing boat. College of the Atlantic George B. Dorr Museum of Natural History in Bar Harbor received $96,000 from the Institute for Museum and Library Services and a $23,000 gift from the Dorr Foundation to outfit two new collec- tions storage spaces in the museum's nascent Center for Human Ecology. Redzone Wireless LLC, a broadband services company in Rockland, an- nounced the addition of a new fixed wireless broadband service site which will bring 25 Mbps broadband access to 2,500 new locations in Belfast and portions of neighboring communities. Augusta multi-family property sells for $1.6M Traveling medical personnel and SINCE 1950 Your Financial Team (207) 783-9111 AustinPA.com Auburn - Madison - Norway Sale of mansion sets record for single-family home in Portland B y L a u r i e S c h r e i b e r Portland — The sale of a 12,000 square-foot home on the West End set a record for a residential sale in the city. West Mansion, as the property is known, sold for $2.825 million. It's at 181 Western Promenade, a short walk to Maine Medical Center. Thomas Gadbois and David Jones of F.O. Bailey Real Estate brokered the deal. West Mansion, which dates to 1912, has 24 rooms, 10 wood-burn- ing fireplaces, six 30-foot white gran- ite exterior columns, an oak staircase and oak floors. Its stained-glass light fixtures are believed to be Tiffany. It has mahogany wainscoting, silk-lined walls and exposed-beam ceilings. Typically, Gadbois said, a property of its type could take a year to sell. But this was another quick deal in what has been a lively summer on the residential market. Listed in May, it was under contract in two weeks. The transaction was finalized July 13. The buyer is from Texas and plans to relocate to Maine. "It's another example of out-of-state money coming into Maine," Gadbois said. Home sales surge Brokers have been saying anecdotally for a couple months they're selling houses to people leaving New York, Boston and now Texas in search of less densely populated areas. For July, Maine Listings reported that home sales jumped 12.4%, compared to a year earlier. Home prices rose 10.8% in July to a median sales price of $254,900. Maine's real estate markets were hot in July for a number of reasons, Tom Cole, 2020 president of the Maine Association of Realtors and managing broker of Brunswick-based Better Homes and Gardens Real Estate The Masiello Group, said. "Maine's quality of life, our nation-leading low COVID-19 metrics, and mortgage interest rates hovering at 3% and below — increasing buying power — are contribut- ing to very strong demand for residential real estate," he said. "The July statistics indicate pent-up demand from the initial drop-off impacts of the pandemic." P H O T O / C O U R T E S Y F. O. B A I L E Y R E A L E S TAT E B R I E F West Mansion sold for $2.825 million. C E N T R A L & W E S T E R N

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