Answers - Real Estate

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Table of Contents

1. Housing Statistics
2. Commentary: Stabilizing Conditions
3. Case Study: 2006 Year End Analysis
4. “From Away”: Controversial Property Tax proposal

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

5. Featured…..

"You have freedom of choice, but not freedom from choice."

Housing Statistics:

Sold Properties by County - Dec 2006 (Dec 2005):

# Sold Avg. Price Avg. Days on Market
York 205 (237) 319K (286

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

K) 122 (96)
Cumberland 300 (299) 283K (284K) 95 (88)
Sagadahoc 28 (45) 193K (240K) 103 (98)
Lincoln 30 (37) 326K (323K) 187 (147)

Total Housing Inventories and Net Change by County:

1/25/07 12/30/06

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

Net Change
York 2567 2556 11
Cumberland 2389 2461 -72
Sagadahoc 286 341 -55
Lincoln 583 666 -83

Commentary

Buying activity continued to rema

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

in strong through the holiday months and into early 2007. After multiple months of sharp inventory decline perhaps an equilibrium in the short run has been found. The ratio of new listings to sold listings was near 1 to 1 for December and price levels are seeing some volatility month

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

to month, but overall are very similar to where they were 1 year prior. 2007 will see healthy commercial and residential markets, a slower pace of new development and construction and a greater number of foreclosed properties on the market.

Case Study: 2006 Year End Analysi

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

s

Inventories levels: A steady increase throughout the year, peaking in August/September, levels incrementally increased on a quarter by quarter analysis.

1st Qtr to 4th Qtr % Change in Inventories

York Cum Sag Lin
26% 17% 14% 25%

Home

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

s Sold: Following national trends, the pace of homes sold dropped supporting the rise in inventories above.

Number Homes Sold

York Cum Sag Lin
2005 3472 4445 447 497
2006 2885 4020 443 425
Change -17% -10% -

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

1% -14%

Average Prices: Contrary to overall statewide and national statistics, coastal real estate prices continue to creep upward with moderate quarterly volatility due to seasonal buying and waterfront vs. non-waterfront property sales within a given quarter.

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

Average Price Sold (000's)

York Cum Sag Lincoln
1st Qtr 273 291 216 237
2nd Qtr 280 294 231 290
3rd Qtr 285 317 222 266
4th Qtr 311 305 204 308
2006 287 302 218 275

Visit www

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

.mymaineproperty.com/maine-housing-statistics.html for full data sets

“From Away” - Property Tax Proposal

Listening to Governor John Baldacci speak yesterday at the MEREDA conference in Portland, his sincere desire to find a REAL solution to escalating property tax

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

es is evident. (Although the majority of his time was spent explaining his radical education proposal). The property tax proposal in its most basic form creates a constitutional amendment that puts a valuation freeze on property tax increases for year round residents only, ultimately

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

shifting the tax burden in local municipalities to 2nd home residents and local businesses.

Featured….

Maine Company: CEI – Coastal Enterprises Inc.

With a mission to help create economically and environmentally healthy communities in which all p

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

eople, especially those with low incomes, can reach their full potential. CEI is a non-profit and private community development corporation founded in 1977 to develop job-creating natural resources and small business ventures in primarily rural regions of Maine. Visit: www.ceimaine.o

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

rg

Site to Visit: www.MainePropertyBlog.com

Being an informative newsletter that is not intended to promote myself directly the site above is my own creation. I believe it has great value. A daily to bi-daily blog entry on all aspects of Maine and National real es

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

tate. Statistics, developments, current events and more. I encourage you to check it out and please let me know what you think.

Restaurant: Sushi Venues in Portland

If you’ve got that craving! Sapporo – On Commercial Street and my personal favorite with fresh, crea

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

tive rolls and friendly service. Fuji – Right in the heart of the Old Port on Exchange Street, great lunch specials and quick service. Visit: www.fujimaine.com BenKay – Recently remodeled and on the east end of Commercial street in the hottest real estate development neighborhood. Vi

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

sit: www.sushiman.com

Quotable Quotes:

“I looked along the San Juan Islands and the coast of California, but I couldn’t find the palette of green, granite and dark blue that you can only find in Maine.” Parker Stevenson

All information contained herein is deemed

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

accurate when facts are stated. All opinions are that of the author. We apologize for any inaccuracies, offenses or misrepresentations If you know of any interested party who would like to receive this newsletter, please have them send an email to jherrigel@greentreemaine.com

Next I

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ssue: Mid-Late February

www.MyMaineProperty.com
www.MainePropertyBlog.com
**All housing data has been derived from the Maine IDX MREIS System

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Investing in a home business is as popular as ever, and it looks quite straightforward at first instance. When the interest rates are considerably low and there is plenty of home businesses for investing, the investor can hope for quick return. But it involves study, proper groundwork and preparation.

Alternative lifestyles require alternative housing. Here are some of the many options out there.

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Answers - Maine Real Estate 2006 Year in Review

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