Facebook for Herrigel Kennedy      

Maine Multi-Unit Inventories

0 comments

Recently I have been doing a fair amt of statistical research on real estate in Maine, specifically mulit units and residential property in the southern portions of the state.   I belive multi-unit pricing has weathered this past downturn/flatlining in pricing better than residential due primariy to a shrinking of rental proprety inventory as units have been converted to condos and the unaffordable prices of many would be first time home buyers whom must rent vs. own for the time being.   A brief overview below on select multi-unit markets.  Please visit the Housing Statistics or Investment section of my primary website http://www.mymaineproperty.com/  for greater in-depth analysis

As of 1-15-07

Portland
Inventory:                  80
Avg. Cost/Unit:          133K
Low:   200K               High:   2 M 

South Portland
Inventory:                  13
Avg. Cost/Unit:          117K
Low:   199K               High:   394K 

Westbrook
Inventory:                  29
Avg. Cost/Unit:          107K
Low:   171K               High:  679K

Windham
Inventory:                  16
Avg. Cost/Unit:          133K
Low:   210K               High:   1.2 M 

Lewiston
Inventory:                  104
Avg. Cost/Unit:          75K
Low:   85K                 High:   1.5 M

Auburn
Inventory:                  53
Avg. Cost/Unit:          73K
Low:   124K               High:   724K 

Bath
Inventory:                  22
Avg. Cost/Unit:          85K
Low:   120K               High:   500K 
 

 

 

 

Leave a Reply