Maine Investment Overview
Investing in Maine real estate takes time, patience and a good sense of how the numbers work. The first steps involves determining your investment goals. Be it purchasing an owner occupied duplex, a 3-4 unit multi or a larger commercial property these overviews on the varius multi unit markets we hope are a good place for you to start as well as the articles on the right sidebar.
All the information is available via an electronic PDF document as well as hard copy. We would be more than happy to send it to you along with more specific multi unit housing analysis as well as spreadsheets to help anlyze the cash flow on individual properties. Please fill out the form below or contact us directly.
Disclaimer: Your Information will be kept private and never sold or given out to 3rd Parties.
Complementary Investment Packet Includes
- In Depth Overviews on Individual Multi Unit Markets
- Current Housing Statistics & Analysis
- Spreadsheets to help analyze cash flow
- Maine Property Transaction Guide Book
If you are new to the regional real estate markets and/or looking to begin your investment career I would welcome the opportunity to help out in your endeavors. I know the Greater Portland Real Estate market as well as the smaller markets of Bath and Brunswick.
Portland Maine Multi Market Overview
The Portland market currently offers about 60 or so multi units to choose from, down from over a 100 a year ago. The current median asking price for a 2-4 unit property is 299K. To date in 2009, a total of 77 properties have sold at a median price point of 292K after having sat on the market for about 58 days. The list to sale ration is right aroudn 95%. Many short sales and foreclosures do exist in this market creating many opportunites.
Southern Maine Multi Market Overview
To the south of Portland, the markets of Saco and Biddeford have been hit much harder with the economic downturn, primariy as a result of greater speculation 2-3 years prior. To date 21 units are for sale in Saco and 28 in Biddeford at median asking prices of 280K and 165K respectively. Sold prices through 2009
are extremely low, 165K in Saco and 128K in Biddeford!!!
The Mid Coastal Investment Market Overview
The mid coastal markets are anchored by the communities of Bath and Brunswick. This market is stuggling with very little to no activity. Currently there are 36 multi's on the market at median asking prices of 157K and 198K respectively. A total of 17 units have been sold to date in 2009 meaning there is about 2 years worth of inventory in teh current market place!!!
If you are looking to get into the business for the first time or maybe you are a seasoned real estate professional looking for property in Maine I encourage you to reach out
 Request a Maine Investors Packet
Contact me directly today:
Phone: 207-650-5383
Email: john@greentreemaine.com |
