Two Crystal Balls

Our first wizard from Falmouth sees this:

New Private Residence Club Takes Shape in Pristine Lakefront Maine Setting

(FALMOUTH, ME) -- The private residence club concept is coming to New England thanks to local Perry and Melinda Williams. Eager to share their enthusiasm for Maine lakefront living with other families, the Williams family recently announced the creation of a new private residence club that will debut this summer in the Sebago Lakes Region.

The Maine Lakefront Club, comprising a collection of existing, estate-style homes with an average price of $1.5 million, will offer deeded, shared ownership in the PRC for $275,000. The Williams are in the process of closing on the first home, and will add more properties to the club's portfolio as demand dictates. The club's hassle-free ownership and affordable luxury will provide a highly desirable vacation home alternative for frequent visitors.

"All of our properties will feature private lake frontage and docks, complemented by exquisite furnishings and design," says Perry Williams. "The lack of new construction makes Maine Lakefront Club an environmentally friendly project, and the use of existing homes means we'll have some of the most desirable locations available in the Sebago Lakes Region."

FMI


Our second wizard from the Portland Press Herald sees this:

Recession chills market for Vacationland rentals

Portland Press Herald 4/16/09

Agencies and property owners find summer visitors are booking later and seeking lower prices.

Rental agents and property owners in Maine tourist towns are finding the recession has visitors booking later, regulars returning at lower rates and bargain hunters more aggressively seeking discounts. At the same time, more houses are being offered for rent by owners who are unable to sell in a slow real estate market.

FMI

Jim's comment: Gentlemen & Ladies: Memorial Day is a month away, place your bets, let the games begin!