Our realtor suggested that we research the architect. We found out it was Stevens through Greater Portland Landmarks. Those projects fostered friendships with neighbors, many of whom were doing the same thing. We live in a real neighborhood. Strong demand for historic properties and neighborhoods has taken place in a climate of red-hot real estate prices.
People appreciate the real thing.
Therefore, the significant increase in prices for historic properties in recent years can be partially explained by their limited supply. Philippa Morton points out that the strong real estate market is affecting historic neighborhoods across the city, not just the West End and Deering Highlands areas. A historic house which is not in a good location won t increase in value. It goes up. It goes down.