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Maine Multi-Unit Inventories
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:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 80
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 133K
Low:Â Â 200KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â High:Â Â 2 MÂ
South Portland
Inventory:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 13
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 117K
Low:Â Â 199KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â High:Â Â 394KÂ
Westbrook
Inventory:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 29
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 107K
Low:Â Â 171KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â High:Â 679K
Windham
Inventory:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 16
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 133K
Low:Â Â 210KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â High: Â 1.2 MÂ
Lewiston
Inventory:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 104
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 75K
Low:Â Â 85KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â High:Â Â 1.5 M
Auburn
Inventory:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 53
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 73K
Low:Â Â 124KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â High:Â Â 724KÂ
Bath
Inventory:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 22
Avg. Cost/Unit:Â Â Â Â Â Â Â Â Â 85K
Low:Â Â 120KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â High:Â Â 500KÂ Â
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