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Portland, CT Real Estate News

By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
Portland Volunteer Fire Department will hold it’s Annual Old Timers’ Night at its picnic ground on Indian Hill Avenue on Saturday, Aug, 18. Festivities will begin at 4 p.m. with dinner and service awards to follow.The event is free. Call the Firehouse at 342-6752 to RSVP, or stop by the station Tuesdays after 7 p.m. or anytime you see a car there and sign up on the bulletin board in the members’ lounge. Also, pass the word to other “old timers” you may run into in case they have’nt gotten the word.
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By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
During August , the Portland town inspector will conduct inspections of irrigation systems in town. In order to do this your system must be activated. If it is not activated call the office at 342-6733 to schedule an appointment for a different time.If the inspector comes out and your system is not activated, you will still be charged a $50 inspection fee.For more information call the Public Works Office at 342-6733
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By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
Kids ages 6-14 are invited to join Portland’s Youth Football League. The league’s first practice is Wednesday, Aug. 1, 2007 at 5:30 p.m. at Agogliati Field, behind the Portland Post Office.Football players and cheerleaders from East Hampton, East Haddam, Glastonbury, Middletown, Portland and other surrounding towns are welcome. Sign-up will also be on Aug. 1.  For more information, call Ned Deane at 342-1889 or Ken Sullivan at 754-8544.
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By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
PRICE REDUCTION!!  $317,322 Welcome to 140 Pepperidge Road in Portland Connecticut. This is a 2972 square foot, split-level, 3 bedroom, 2.5 bath, home on 1.13 Acres. Check out the Master Bedroom Suite!!!! This home is alot of house for the money. Call today to set up a private showing!Visit www.CarlGuild.com/140pepperidge.html for more details!Carl Guild ABR, SRESPrudential CT Realty860-539-5373www.CarlGuild.com CALL FOR MORE DETAILS OR A PRIVATE SHOWING!860-539-5373
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Portland for May 2007  Residential There are 59 active listings on the market in Portland.  For the month of May there were 24 new listings, 8 homes went under deposit and there were 7 closed transactions.  Homes sold for an average price of $229,429.  The closing price was 92% of the final asking price and homes were on the market an average of 38 days.  They sold for an average of $134 per sq.ft.  In May of 2006 there were 6 closed transactions with an average sale price of $ 359,593.  Homes sold for 100% of their final asking price and were on the market for an average of 61 days.  The absorption rate shows an 7.5 month supply of homes on the market.  Compared to April of this year closings went from 10 in April to 7 in May, average sale price went down from $304,25...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Portland for April 2007Residential There are 53 active listings on the market in Portland.  For the month of April there were 18 new listings, 6 homes went under deposit and there were 10 closed transactions.  Homes sold for an average price of $304,250 and a median price of $311,500.  The closing price was 97.31% of the final asking price and homes were on the market an average of 48 days.  In April of 2006 there were 7 closed transactions with an average sale price of $264,000 and a median sale price of $240,000.  Homes sold for 96.93% of their final asking price and were on the market for an average of 57 days.  The absorption rate shows an 8.8 month supply of homes on the market.Compared to March of this year closings went from 1 in March to 10 in April, average sa...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Portland for March 2007There are 42 active listings in Portland, 16 came on the market in March, 14 went under deposit and only 1 closed.  The average sale price was $380,000, the listing sold for 95.02% of the final listing price and the house was on the market for 188 days.  Compared to last month number of deposits doubled to 14 , but closings went down from 9 to 1.  The average sold price went from $303,600 last month to $380,000 this month, but with only 1 closed sale, there is not enough information to say prices are going up.Looking at March 2006, there were 11 closed sales with an average sale price of $302,336 with listings selling for 97.19% of the final listing price and average days on the market were 110.  Closed sales were down 91%.1st Quarter 2006 vs. 1s...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Update for Portland for February 2007There were 41 active listings on the market at the end of February.  8 new listings came on the market, 7 homes went under deposit and 9 closed.  The average sold price was $303,600 and the median sale price was $245,000.  Home were on the market for an average of 94 days and they sold for 96.67% of their final asking price.Compared to January the number of deposits stayed the same and the number of closed sales went up from 6 in January to 9 in February.  The number of days on the market went way up from an average of 56 in January to 94 in February.  The average sale price went way up this month to $303,600 compared to $257,233 in January.Last February there were only 4 closed sales with an average price of $260,225.  Again the sales were up...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Update for Portland for January 2007ResidentialThere were 44 active listings on the market in Portland at the end of January,exactly the same as in December.  There were 21 new listings, 7 went under deposit and 6 closed for an average sale price of $257,233 and a median sale price of $202,500.  The average days on the market were 56 and homes sold for 95.6% of the asking price.  Comparing January to December, in December there were only 2 closed sales and the average sale price was $252,500 showing a slight increase in price.Comparing this January to January 2006, again there were 6 closed sales, with an average sale price of $270,083 and a median sale price of $277,500, homes were on the market for an average of 52 days and they sold for 98.26% of their asking price.  There rea...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
MARKET UPDATE for PORTLAND for DECEMBER 2006    The market in Portland was fairly slow for the month of December.  The number of active listings is down to 44.  There were 10 new listings that came on the market, 7 deposits and only 2 closed sales, with the average sale price of $252500.  14 listings expired.  In December 2005 there were 9 closed sales with the average sale price of $300,478. Looking at a comparison of all sales between 2005 and 2006, 2005 had 136 closed sales with an average sale price of $276,877 and 2006 had 81 closed sales with an average sale price of $289,020.  Sales overall are down 40%, but the average sale price is up 4%.Overall in Portland there is still a shortage of homes on the market, so the market is still looking pretty good for sellers.  Drop in sales t...
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By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
Thats right Connecticut.Not Portland Maine, or Portland Oregon, or Portland Arkansas, or Portland Colorado, or Portland Illinois, or Portland Indiana, or Portland Michigan, or Portland New York, or Portland North Dakota, or Portland Ohio, or Portland Pennsylvania, or Portland Tennessee, or Portland Texas, or Portland Wisconsin! Portland Connecticut! ::Deep Breath:: Portland has a rich history of diverse industry and New England traditions. The highly-prized building material of brownstone was mined in the fertile quarries of Portland and transported along the river to cities across the east for use in magnificent homes and buildings. Today, many descendants of the first settlers of Portland continue to live and work in town.Living opportunities in Portland present a pleasant blend of ch...
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By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
I am happy to announce that I have just sold another home at 18 Susan Circle in Portland, CTThe purchasers are old friends of mine who are first-time homebuyers. I congratulate them for their purchase and hope they enjoy their new home in Portland!
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