Governor Chris Sununu has signed into law House Bill 1113, relative to septic evaluation (more commonly known as “septic inspection”) prior to transfer of properties on the developed waterfront. The new law, which went into effect on September 1, eliminates the requirement that a seller perform a septic site assessment. Instead, a buyer will need to have a septic inspection performed proper to transfer.
Sales of single-family home sales in Maine remain healthy and in-demand, though the number of units-for-sale remains low. Maine Listings reported 1,482 homes changed hands during the month of July, up 10.93% compared to July 2023. The median statewide sales price increased 5.07% over the past 12 months to $399,250.
One Weekend of the Best Cinema! Movies fresh from their debuts at the 51st Telluride Film Festival in Colorado will be on screen at The Music Hall as Telluride by the Sea gets its 25th year underway.
Housing Markets Buyers are Flocking to as Rates Drop: South Portland ME Makes the List
Wednesday, August 14th, 2024
Greg Gagalis
After years of exploding rates, low inventory and high home prices, there seems to be some hope on the horizon finally for homebuyers. Some specific housing markets are becoming even more attractive for buyers.
A red-hot real estate market has prices soaring sharply across most of the nation, and according to the recent town-wide property revaluation, Hampton is no exception.
On average, preliminary results indicate that overall Hampton property values rose an average of 53%.
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