Published in the Current
In Cape Elizabeth, land values are often nearly double the national average. And despite national economic shakiness even before Sept. 11, the town’s real estate market is more than holding its own.
In 1990, the median price of a home in Maine was $87,400, according to the U.S. Census, and Cape Elizabeth’s median price was more than twice that, at $168,500.
Town-level details are not yet available from the U.S. Census Bureau for the year 2000, but local realtors say Cape Elizabeth’s average house-closing price is $309,713.
“I think the world stood still for a couple of days (after Sept. 11),” said Tom Tinsman of the ERA 1 Agency office in Cape Elizabeth, “but after that the normal amount of interest has come out.”
While there isn’t much for sale in town, that’s mainly because what there is moves quickly, said Kathy Duca of Harnden Beecher Coldwell Banker’s Cape Elizabeth office.
Buyers and sellers are from a broad mix of people, with locals moving around, people moving from out of state and more people working from home. Cape Elizabeth buyers do have one thing in common, Duca said. Most of them are involved in transactions above $300,000.
With interest rates low and local rental prices high, it is very much a seller’s market.
“There are definitely more buyers than sellers in the marketplace now,” Duca said.
Prices have climbed sharply in the past two years, she said, citing homes which sold in the $200,000-$400,000 range then and are now selling for between $400,000 and $600,000.
The average list price this year for houses in Cape Elizabeth is $306,391, Duca said. But the average closing price is $309,713—$3,322 higher, indicating buyers are meeting if not exceeding asking prices for property.
House showings are frequent, too, Duca said. A house she represented was priced under $200,000. It had 40 showings in one day, resulting in eight offers by evening.
Even so, the average time on the market for Cape houses is 40 days, Duca said. She said sometimes sellers ask for too much. Houses that sold in months rather than days, she said, tended to end up selling far below the original asking price.
But even expensive houses and land are moving quickly, like at Cross Hill.
The 97-lot development off Wells Road has been in progress for the past year and a half. Buyers can purchase land and have a house custom-built.
Half of the lots have sold so far, according to developer and real estate agent Stephen Parkhurst of Re/Max by the Bay in Portland.
Lots are available for between $79,000 and $200,000. The four showcased home designs on the development’s web site all cost over $500,000.
Several homes have been completed and are occupied, while construction on more than a dozen houses is in progress. Some of those homes are nearing completion while other lots are just being cleared.
“Some people are still in the design stage,” Parkhurst said.
Of the 97 lots in the development, five are classified as “affordable housing.” Those lots will have homes built on them before being sold. Parkhurst said the houses
have been designed. Now he and the builders are reviewing the building costs before breaking ground. He admitted that progress is slow, but said things are moving forward.
“We’re not in the infancy stage. We’re more toddlers,” Parkhurst said.
He said he does not know how much he will ask for the houses once they are built, partly because the costs aren’t final yet, and partly because he is not sure what the
county’s median income figures will be when the houses are put on the market.
A spokeswoman at the Maine State Housing Authority said affordable housing guidelines usually stipulate a house-pricing formula based on the median income level in the area.
Parkhurst attributes the demand for housing in Cape Elizabeth to the local character.
“The market is still very healthy,” he said. “It’s a small town.”
Tinsman, however, is worried about the affordability of housing in the community. He said small lots are important for reduction of sprawl. Many lots in town, he said, are mandated to be large.
According to town zoning documents, much of the land in town is subject to zoning requirements that they be no smaller than 1.8 acres.
The World War II-era Cape Cod houses on quarter-acre lots in Elizabeth Park, he said, are a rare breed in Cape Elizabeth.
“It’s the closest thing to affordable housing we have,” Tinsman said, pointing out that now even those are selling for $120,000 to $130,000.
Some houses are purchased only to be torn down, Tinsman said.
Many of these are larger houses, he said.
People who buy the smaller homes don’t typically rebuild because they can only afford to buy at the lower end of the price range, Tinsman said. But even then they
renovate and fix things up in the older houses they buy.
“We see a lot of improvements in homes when they change hands,” Tinsman said.
Thursday, October 4, 2001
Thursday, September 27, 2001
Cape students respond to attacks
Published in the Current
At the September meeting of the Cape Elizabeth School Board, students and administrators spoke about the schools’ reactions to the terrorist attacks in New York and Washington, D.C.
The Sept. 20 meeting, postponed from Sept. 11 due to the attacks, also saw this year’s first presentations from the high school and middle school student representatives to the board.
David Greenwood and Christopher Roy, seniors at Cape High School, said they were proud of the way the high school students responded to the terrorism. Some seniors donated blood at local blood drives, while others, including Greenwood and Roy, painted the rock on Rt. 77. The students also are looking to create a memorial for the emergency workers killed during rescue attempts.
Greenwood and Roy also reported the new administration is popular, saying new principal Jeff Shedd received an 89 percent approval rating in a Period C survey in the cafeteria.
Middle school representatives Brianna Bowen and Lily Hoffman said middle school students also were working to benefit victims of the Sept. 11 attacks, by collecting donations, holding a bake sale and selling ribbons.
Bowen and Hoffman also said Sally Foster Gift Wrap sales will begin Sept. 21 and continue through Oct. 4 to raise funds for the sixth and seventh grade outdoor experience trips.
In other business, the School Board also:
Received information about the college admissions and college choices of the Cape High School class of 2001. Ninety percent of the 112-member class is pursuing post-secondary education, 94 percent of whom are attending four-year colleges. Eight percent of the class is seeking employment or working prior to further education, and two percent are entering the military.
Heard the superintendent’s and principals’ reports on the opening of school, which
included reference to how the schools handled the issue of telling students about the
Sept. 11 attacks, and the students’ efforts to help victims. Pond Cove students are holding a penny drive; middle school students are selling ribbons; over 60 high school students have signed up for a brand-new Volunteer Club.
Heard the superintendent’s report on future direction planning and the Cape Elizabeth Education Foundation.
Heard reports from the finance, policy and facilities subcommittees.
Approved new fall coaches for the middle school. Sarah Jordan will coach 8th grade
girls soccer. Tim Thompson will coach 7th grade girls soccer. Jeremy LaRose will coach 7th grade field hockey. Ben Putnam will be an assistant coach for 7th and 8th grade tennis.
Approved co-curricular fee positions throughout the district, including the senior
class advisor, high school student advisory council advisors, Bartleby advisor, and fall
art club advisor. Also appointed were the 7th grade representative to the student assistance team and several mentors for new teachers.
Received a request from teacher Andy Strout to defer his sabbatical for one year,
and a request from teacher Richard Rothlisberger to have a sabbatical for 2002-2003.
Noted that those who know men and women serving in the military should notify
board member Kevin Sweeney. A group of teachers and students has volunteered to
write them letters to keep their morale up.
The school board’s next meeting will be at 7:30 p.m. Oct. 9 in the town council chambers.
At the September meeting of the Cape Elizabeth School Board, students and administrators spoke about the schools’ reactions to the terrorist attacks in New York and Washington, D.C.
The Sept. 20 meeting, postponed from Sept. 11 due to the attacks, also saw this year’s first presentations from the high school and middle school student representatives to the board.
David Greenwood and Christopher Roy, seniors at Cape High School, said they were proud of the way the high school students responded to the terrorism. Some seniors donated blood at local blood drives, while others, including Greenwood and Roy, painted the rock on Rt. 77. The students also are looking to create a memorial for the emergency workers killed during rescue attempts.
Greenwood and Roy also reported the new administration is popular, saying new principal Jeff Shedd received an 89 percent approval rating in a Period C survey in the cafeteria.
Middle school representatives Brianna Bowen and Lily Hoffman said middle school students also were working to benefit victims of the Sept. 11 attacks, by collecting donations, holding a bake sale and selling ribbons.
Bowen and Hoffman also said Sally Foster Gift Wrap sales will begin Sept. 21 and continue through Oct. 4 to raise funds for the sixth and seventh grade outdoor experience trips.
In other business, the School Board also:
Received information about the college admissions and college choices of the Cape High School class of 2001. Ninety percent of the 112-member class is pursuing post-secondary education, 94 percent of whom are attending four-year colleges. Eight percent of the class is seeking employment or working prior to further education, and two percent are entering the military.
Heard the superintendent’s and principals’ reports on the opening of school, which
included reference to how the schools handled the issue of telling students about the
Sept. 11 attacks, and the students’ efforts to help victims. Pond Cove students are holding a penny drive; middle school students are selling ribbons; over 60 high school students have signed up for a brand-new Volunteer Club.
Heard the superintendent’s report on future direction planning and the Cape Elizabeth Education Foundation.
Heard reports from the finance, policy and facilities subcommittees.
Approved new fall coaches for the middle school. Sarah Jordan will coach 8th grade
girls soccer. Tim Thompson will coach 7th grade girls soccer. Jeremy LaRose will coach 7th grade field hockey. Ben Putnam will be an assistant coach for 7th and 8th grade tennis.
Approved co-curricular fee positions throughout the district, including the senior
class advisor, high school student advisory council advisors, Bartleby advisor, and fall
art club advisor. Also appointed were the 7th grade representative to the student assistance team and several mentors for new teachers.
Received a request from teacher Andy Strout to defer his sabbatical for one year,
and a request from teacher Richard Rothlisberger to have a sabbatical for 2002-2003.
Noted that those who know men and women serving in the military should notify
board member Kevin Sweeney. A group of teachers and students has volunteered to
write them letters to keep their morale up.
The school board’s next meeting will be at 7:30 p.m. Oct. 9 in the town council chambers.
Tuesday, September 25, 2001
Verizon Online addresses complaints amid anti-spam battle
Published in Interface Tech News
PORTLAND, Maine ‹ After several months of concern, customers of the former Bell Atlantic have settled into new anti-spam security measures taken by New York-based Verizon Online. Verizon, the company resulting from the merger of GTE and Bell Atlantic, has been in the process of combining the two companies' policies.
Verizon Online introduced its New England and East Coast customers to a GTE policy of what it called "domain verification" for e-mail traffic being sent to its servers. When the new policy was introduced in mid-July, some customers were angered initially, but most concerns have since faded, according to company officials and industry Web sites covering the change.
Among those upset were Verizon DSL customers who hosted Web sites with companies other than Verizon. They wanted to send e-mail from addresses at their domains rather than their Verizon DSL-assigned address, from one of Verizon's domains, including Bellatlantic.net, Verizon.net, and GTE.net.
The new security is not unique to Verizon, according to company spokeswoman Bobbi Hennessey. MSN and Earthlink have similar policies, she said.
It is intended to serve two purposes, Hennessey said: to ensure that people sending e-mail through Verizon servers are Verizon customers, and to help control spam.
Some critics say the change is not an effective means of achieving spam control.
"To even suggest that this is a move to prevent spam is a red herring," wrote Joseph Barisa on MacInTouch.com, a technology news site covering Macintosh and Internet developments.
InternetWeek recently reported that some Verizon customers are pleased with the change because it allows better system security.
Hennessey said the company has had positive feedback from some people, though not as many as have complained. The move is part of a series of updates to Verizon systems that will bring the former Bell Atlantic and GTE networks into a single integrated system.
"We're aware that there are many ways of doing this," Hennessey said. She added that the policy is one GTE had in place prior to the merger.
"This is simply the best way," Hennessey said. "There's a downside to everything you select."
Of the company's 60,000 DSL subscribers, only about 1,000 called to complain. She said most of the complaints were resolved with an explanation of modifying e-mail software settings to include the user's own domain, as well as the Verizon-authorized address.
Other customers began sending e-mail through their Web hosting company's servers, rather than Verizon's, she said.
Hennessey said Verizon is working on additional spam-proofing of its systems, but declined to describe the projects. The company is expected to make an official announcement in the coming weeks.
PORTLAND, Maine ‹ After several months of concern, customers of the former Bell Atlantic have settled into new anti-spam security measures taken by New York-based Verizon Online. Verizon, the company resulting from the merger of GTE and Bell Atlantic, has been in the process of combining the two companies' policies.
Verizon Online introduced its New England and East Coast customers to a GTE policy of what it called "domain verification" for e-mail traffic being sent to its servers. When the new policy was introduced in mid-July, some customers were angered initially, but most concerns have since faded, according to company officials and industry Web sites covering the change.
Among those upset were Verizon DSL customers who hosted Web sites with companies other than Verizon. They wanted to send e-mail from addresses at their domains rather than their Verizon DSL-assigned address, from one of Verizon's domains, including Bellatlantic.net, Verizon.net, and GTE.net.
The new security is not unique to Verizon, according to company spokeswoman Bobbi Hennessey. MSN and Earthlink have similar policies, she said.
It is intended to serve two purposes, Hennessey said: to ensure that people sending e-mail through Verizon servers are Verizon customers, and to help control spam.
Some critics say the change is not an effective means of achieving spam control.
"To even suggest that this is a move to prevent spam is a red herring," wrote Joseph Barisa on MacInTouch.com, a technology news site covering Macintosh and Internet developments.
InternetWeek recently reported that some Verizon customers are pleased with the change because it allows better system security.
Hennessey said the company has had positive feedback from some people, though not as many as have complained. The move is part of a series of updates to Verizon systems that will bring the former Bell Atlantic and GTE networks into a single integrated system.
"We're aware that there are many ways of doing this," Hennessey said. She added that the policy is one GTE had in place prior to the merger.
"This is simply the best way," Hennessey said. "There's a downside to everything you select."
Of the company's 60,000 DSL subscribers, only about 1,000 called to complain. She said most of the complaints were resolved with an explanation of modifying e-mail software settings to include the user's own domain, as well as the Verizon-authorized address.
Other customers began sending e-mail through their Web hosting company's servers, rather than Verizon's, she said.
Hennessey said Verizon is working on additional spam-proofing of its systems, but declined to describe the projects. The company is expected to make an official announcement in the coming weeks.
Monday, September 24, 2001
Clickshare moves toward large-scale micro-transacting
Published in Interface Tech News
WILLIAMSTOWN, Mass. ‹ Stepping up its support of Internet micro-transactions, Clickshare has brought a financial-services helper to the table: Multi Service Corporation, headquartered in Overland Park, Kan.
Clickshare's business is centered on micro-transactions, in which Internet users pay small amounts for specific pieces of content, such as an archived newspaper article or video clip. While many companies handle the transactions themselves, Clickshare not only moves the money, but also allows a user's registration at one member site to be valid at all other Clickshare member sites.
After the transactions, Clickshare makes sure the money gets funneled appropriately. Now Multi Service, a handler of private-label credit cards, will take care of the actual movement of money, in exchange for a cut of the transaction amount.
Forrester Research analyst James Crawford is skeptical about micro-transactions in the near term. "It's a technology in search of an audience," he said. "It's been an area that's seen a lot of activity and not a lot of success."
Name recognition is a big deal to consumers, Crawford said. He expects a micro-transaction standard to emerge, but not from small startups like Clickshare.
"It's going to come from a financial services provider," Crawford said. "Consumers just don't trust Internet startups."
ClickShare needs to process more than the $10,000 in daily transactions the company has cited as representative, Crawford added, noting that the company only retains a small percentage of each transaction.
"To be profitable, they're going to have to get orders of magnitude, more customers," Crawford said.
ClickShare CTO Richard Lerner said that is the company's major focus. "Mostly what we're doing is building up our network of clients," he said, adding that each client is a Web site with many regular viewers.
Lerner said the company has "about a dozen" live clients and is in talks with "a couple of dozen" more companies, serving what he called "potentially millions of registered users." He said the company does not have many registered users at the moment.
He hopes Multi Service's strengths will meet Clickshare's needs as it expands.
"They have a lot of expertise in handling financial matters and handling customer service," Lerner said.
WILLIAMSTOWN, Mass. ‹ Stepping up its support of Internet micro-transactions, Clickshare has brought a financial-services helper to the table: Multi Service Corporation, headquartered in Overland Park, Kan.
Clickshare's business is centered on micro-transactions, in which Internet users pay small amounts for specific pieces of content, such as an archived newspaper article or video clip. While many companies handle the transactions themselves, Clickshare not only moves the money, but also allows a user's registration at one member site to be valid at all other Clickshare member sites.
After the transactions, Clickshare makes sure the money gets funneled appropriately. Now Multi Service, a handler of private-label credit cards, will take care of the actual movement of money, in exchange for a cut of the transaction amount.
Forrester Research analyst James Crawford is skeptical about micro-transactions in the near term. "It's a technology in search of an audience," he said. "It's been an area that's seen a lot of activity and not a lot of success."
Name recognition is a big deal to consumers, Crawford said. He expects a micro-transaction standard to emerge, but not from small startups like Clickshare.
"It's going to come from a financial services provider," Crawford said. "Consumers just don't trust Internet startups."
ClickShare needs to process more than the $10,000 in daily transactions the company has cited as representative, Crawford added, noting that the company only retains a small percentage of each transaction.
"To be profitable, they're going to have to get orders of magnitude, more customers," Crawford said.
ClickShare CTO Richard Lerner said that is the company's major focus. "Mostly what we're doing is building up our network of clients," he said, adding that each client is a Web site with many regular viewers.
Lerner said the company has "about a dozen" live clients and is in talks with "a couple of dozen" more companies, serving what he called "potentially millions of registered users." He said the company does not have many registered users at the moment.
He hopes Multi Service's strengths will meet Clickshare's needs as it expands.
"They have a lot of expertise in handling financial matters and handling customer service," Lerner said.
Friday, September 21, 2001
$20 million adds voice recognition to Nexiq arsenal
Published in Interface Tech News
MANCHESTER, N.H. ‹ A late August infusion of nearly $20 million from its investors and Manchester-based Sunrise Capital Parters led off a round of partnership announcements for telematics hardware and software company Nexiq. The first, with Salt Lake City-based Fonix, will add voice-recognition and text-to-speech software to Nexiq's in-vehicle framework for integration of electronic devices.
According to company spokesman Brian Payne, the framework allows connection of personal devices such as mobile phones and PDAs to be connected to a car, allowing access to the devices through displays on the dashboard and the console often found between the front seats.
Payne said telematics also allows electronic diagnostics to be performed from remote locations. While it is commonplace for cars to have electronic components and require attention from mechanics using special devices, it is not yet common for managers of corporate truck and car fleets to keep track of their vehicles' maintenance schedules while they are on the road.
Payne added that telematics can be somewhat like the On-Star system currently offered in GM's top-line automobiles, in which drivers can press a button and ask for directions from their location to a restaurant, gas station, or other destination.
In a report published by TechMall, USB Warburg analyst Saul Rubin predicted the rapid expansion of telematics services and devices in the near future. He said vehicle manufacturers will likely brand their own telematics services, but will outsource the building of hardware and software to support it.
MANCHESTER, N.H. ‹ A late August infusion of nearly $20 million from its investors and Manchester-based Sunrise Capital Parters led off a round of partnership announcements for telematics hardware and software company Nexiq. The first, with Salt Lake City-based Fonix, will add voice-recognition and text-to-speech software to Nexiq's in-vehicle framework for integration of electronic devices.
According to company spokesman Brian Payne, the framework allows connection of personal devices such as mobile phones and PDAs to be connected to a car, allowing access to the devices through displays on the dashboard and the console often found between the front seats.
Payne said telematics also allows electronic diagnostics to be performed from remote locations. While it is commonplace for cars to have electronic components and require attention from mechanics using special devices, it is not yet common for managers of corporate truck and car fleets to keep track of their vehicles' maintenance schedules while they are on the road.
Payne added that telematics can be somewhat like the On-Star system currently offered in GM's top-line automobiles, in which drivers can press a button and ask for directions from their location to a restaurant, gas station, or other destination.
In a report published by TechMall, USB Warburg analyst Saul Rubin predicted the rapid expansion of telematics services and devices in the near future. He said vehicle manufacturers will likely brand their own telematics services, but will outsource the building of hardware and software to support it.
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