In the Portland Maine real estate world it seems the multi unit market is even slower than the single family housing market although just yesterday I did call on 2 multi unit properties that are now UC, encouraging.  Despite the significant drop in transaction levels the pricing has held up surprisingly well.  Here is a recent snapshot of 2-4 unit buildings in the Maine multi unit market.

                       Inventory       Ask Price             Price/Unit
  Current             97                  351K                 141K

                            Sold                  Avg Sold Price      Price/Unit 
Past 12 Months      79                   342K                 142K
2006                    114                  352K                 141K
2005                    156                  352K                 140K
2004                    174                  330K                 129K

 

 

1 Comments on A quick snapshot of the Portland Maine multi unit market

OCT
27
2008
1 Featured Post Attended Rain Camp

John, while there are a number of reasons to suggest, I think the slow down in the multi market is driven primarily by energy costs and the buyers perceived future market value of the property.
10:09pm • #1


What does the graphic say?
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