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Portland Maine Residential market update

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As of August 8th, 2007 there is a total inventory of 490 residential properties that can be broken down into 259 single family homes with an average asking price of 380K and 231 condos with an average asking price of 318K, since my last analysis a few months ago, it seems inventory levels have risen by about 10%, not ideal but not extremely outrageous either.  As I continue to read about new developments in the area moving forward, a new and exciting  24 unit condo complex on the corner of High and Danforth as well as a new proposed plan for the Jordan Meat facility, I am optimistic Portland real estate will continue to move forward and remain a good solid investment.  Recently having hired an assistant to do market research for me, if you are looking for a great overview on all there is to do in Portland Maine from the Arts, to Restaurants, to Education, to the Old Port, I urge you to take a look at the Portland Maine overview.Â

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