Thursday, June 22, 2017

Portola Hills Home Values Increase 16% from May 2016.. Is there still room to grow?

You have heard the rule of supply and demand and it is certainly a factor in our latest market review for Portola Hills.  Below is a look at how the market finished up and as you will note, we saw a 16% increase in values from May 2016.

Portola hills home values for May 2017 Realtor Kelly Turbeville

The above numbers are consistent with the overall Orange County market when I look at Detached Single Family homes.  However, on the condo  i.e. attached market, pricing is behind the rest of the county, where the average price of a a attached home was $477k.

Opportunity is certainly available for home owners thinking of selling in Portola Hills.  Homes that are priced well, in showing condition and available are receiving multiple offers.   July is the transition time for the market as summer distractions take their hold on the market, but with the low inventory opportunity is still present!

Let's grab a cub of coffee and review your home selling needs, along with the market to put a plan in place to get your home sold for top dollar.

Real Estate News to check out:

Buying is now 33% cheaper then renting

Monday, May 22, 2017

South Orange County June Calendar of Events... Time to get out and enjoy...

Summer is just around the corner and in Orange County there are a ton of events to enjoy.  We put together a list of activities throughout the county for the month of June.  Make sure to get out and enjoy what the local community has to offer!!

South Orange County Job Fair   June 1
Dress professionally and bring your resume. Priority registration table for veterans. 
9am-12pm / Laguna Hills Mall
949-341-8000 /

Hyatt Regency Newport Beach Jazz Festival   June 2-4
Celebrate the kick-off of summer with a star–studded lineup of musicians, delectable food and drink selections, and dancing on the lawn.

Russo & Steele Collector Automobile Auction   June 2-4
The electric atmosphere of auction in the round auction block provides enthusiasts an outstanding destination to bring the whole family to experience their passion of classic cars, but also the amazing community of Newport Beach.
9am-7:30pm / Newport Dunes Waterfront Resort & Marina
602-252-2697 /

World Music Series   June 2 & 9
Sunset Serenades with culturally unique musical concerts. June 2: Yuval Ron Ensemble featuring Bassem Rashidi (Middle Eastern). June 9: Marcela’s Noche de Flamenco (Flamenco music and dance).
6:30pm / Heisler Park, Laguna Beach
949-497-3311 /

Corona del Mar Scenic 5K   June 3
Whether running the 5K course, participating in the 2-mile Celebration Walk, or simply cheering the kids on in the Youth and Dolphin Dash series, all registered participants are hosted to a complimentary restaurant row feast of local eateries.
6am / Ocean Blvd & Heliotrope Ave.
949-673-4050 /

Studio Arts Festival   June 3
The juried festival will showcase more than 85 Southern California artists and their original works of art in ceramics, sculpture, jewelry, painting, photography, fiber and glass.
9am-5pm / Irvine Fine Arts Center

Dino Days   June 3-4
Experience the adventure as the Nature Park is transformed into Dino Days with life-size moving dinosaurs! Arts & crafts, a balloon artist, face painting, dinosaur displays, and much more.
10am-2pm / 26215 Dimension Drive, Lake Forest
949-273-6960 /

Balboa Island Parade   June 4
Children on Bikes, Island Dogs, Decorated Golf Carts and Floats, Vintage Cars, USC Marching Band, Keystone Cops, Drill Teams, Marching Bands, Local Dignitaries and much more! Come for the parade and stay for the after party with live music and dancing.
11am / Marine Avenue

Super Pet Adoption Event   June 4
More than 40 pet rescue groups and animal shelters will bring some 600 homeless dogs, cats, rabbits and small animals for adoption. Pet-related vendors, gourmet food trucks, a silent auction, low-cost microchipping and an opportunity drawing.
10am-4pm / Irvine Animal Care Center

Tustin Street Fair & Chili Cook-Off   June 7
The world’s largest one-day Chili Cook-Off, salsa competitions, craft booths, non-profit food vendors, commercial vendors, entertainment, kids area, music, family friendly contests, wine & beer booths, family plaza and carnival attractions. 
11:30am-6pm / Old Town Tustin

Newport Beach Wooden Boat Festival   June 10
The free event is open to the public. Enjoy the marine art, People’s Choice awards for best-in-class vessels, delicious food, lively music and special activities.
10am-5:30pm / Balboa Yacht Club, Corona del Mar
949-673-3515 /

San Clemente Classic Car Show   June 11
The show boasts 300 quality show cars from classic to exotic and is free to the public. Activities also include a fun area for kids, food trucks, vendors, DJ entertainment and live band.
10am-3pm / Avenida Del Mar, Downtown San Clemente
949-279-9211 /

Healthy Smiles Golf Tournament   June 14
An event that helps sustain our vital treatment and education programs. Not a golfer? Join us for dinner, purchasing a sponsorship, or donating to our silent auction.
12:30pm / Oak Creek Golf Club, Irvine
714-510-3846 /

Fete de la Musique   June 17
Held in conjunction with “World Music Day” to celebrate the coming of summer each June. The festival is celebrated worldwide on, or near, the beginning of summer. Promotes Laguna Beach performing arts through live music.
1-4pm / Downtown Laguna Beach
949-492-0883 /

Newport Beach Art Exhibition   June 17
The event gives the community the opportunity to view and purchase the art on display, mingle with the artists and enjoy a festive atmosphere of music, wine and food.
1-6pm / Newport Beach Civic Center
949-717-3802 /

Father’s Day Fine Art   June 17-18
Hosted by Dana Point Fine Arts Association.
9:30am-5pm / Dana Point Harbor

San Juan Summer Nites   June 21
Our free concerts feature live music, dancing, youth activities along with a business expo. Great food is available for purchase by local restaurants or food trucks on site.
6-8pm / Historic Town Center Park, SJC
949-493-1171 /

Aliso Viejo City “Sweet 16” Anniversary Party   June 24
Our 16th anniversary of cityhood! Residents will enjoy a variety of activities including free swim, lawn and board games, contests, music, inflatable amusements, food, and more! Admission is free, with nominal fees for food.
12-3pm / AV Aquatics Center

Doheny Surf Festival   June 24-25
Join us for a celebration of the Southern California surfing life style at our Doheny Surf Festival. This is a FREE event (other than parking admission to the park).
10am-6pm / Doheny State Beach, Dana Point

949-496-6171 /

If a move is on your schedule for this summer, don't hesitate to give us a call and request or custom search or a FREE Home Value Analysis.

Saturday, May 13, 2017

Shhhh you might wake up the Portola Hills Real Estate Market

As we venture into the summer months, the real estate market in Portola Hills is a bit quiet, but that is not much different from 2016 when you compare the two years together.   Overall inventory remains below demand and we know how the saying goes, low inventory, high demand = ?

Portola Hills SFR/Detached Home Sales - April 2017

Portola Hills Detached Real Estate Values:
  • Median Price of Detached Single Family Home in April was $980,000 and that is up over 9% from 2016.
  • Inventory of available homes is just over 1 month.
  • Days on the market is down to 43 days year to date

Portola Hills Attached Home Sales April 2017 
Portola Hills Attached Real Estate Values:
  • Median Price of Attached Home in April was $455,000 and that is down 7% from 2016. Pricing year to date is flat.
  • Inventory of available homes is just over 1 month.
  • Days on the market is down to 46 days year to date

As I look at the numbers and compare to the overall Orange County real estate market with detached homes Portola Hills is following the same trend.  Low Inventory = Increased Pricing.  However, on the attached side of the market I would have to say Portola Hills is being undersold.  The Median price of a Attached home in all of the OC is $468k, where as you can see above in Portola Hills it was $455k.   As well, pricing rose in the county just about 5% vs. a decrease in pricing here in Portola Hills.

Get Your Home Value Instantly!

Of course a lot of factors play a role in determining the price of a home, Location, Condition, Timing, Availability.   It is also important to look at what is happening in the county and neighboring cities. With the median price in the county over $750k, there is strong demand for any home priced under.   Portola Hills is a sought after community and in high demand, so as I type this I am scratching my head wondering why townhomes/condo's are being undersold!!

Good news for home buyers.. If you are looking at purchasing a townhome here in Portola Hills there are some great deals on the market!  

Search Portola Hills Available Homes

If you are considering a move, don't hesitate to give us a call to put a strategy in place that brings you top dollar for your home! 

Saturday, April 1, 2017

Open House Sunday April 2nd..Beautiful Lake Front Home!!

It is going to be such a lovely day in Lake Forest tomorrow, the perfect weather on the lake and perfect weather to see homes.  As you are out and about in the community, make sure to stop in and see this lovely home in the Lake Forest Keys community..

If you have always wanted to live directly on the lake.. now is your chance!!  We will be open Sunday April 2nd at 1pm.
Open house 21745 ln, lake forest sunday april 2nd by realtor kelly turbeville
21745 Tahoe Ln, Lake Forest

This is a SENSATIONAL WATERFRONT home with private dock, covered patio, and putting green located on the widest channel in the Lake Forest Keys! This 3 bedroom, 2.25 bath home boasts stunning panoramic views of the lake from the moment you walk through the front door. This beauty is newly painted inside and out with crisp and light updated colors, new flooring, updated kitchen with granite counters, stainless appliances, custom built-ins in the dining area with wine fridge included,and fresh landscaping. Upstairs the master bedroom has a walk-in closet, remodeled bathroom, a wall of windows and large viewing deck to enjoy the sunsets and lake views. There are also 2 secondary bedrooms and another remodeled full bath. One is currently used as an office with built ins, closet with organizers, and a Murphy Bed to be utilized by guests. Enjoy membership to the Sun & Sail Club with Clubhouse, 4 pools, playground, lighted tennis, basketball, pickle-ball courts, and gym. No Mello Roos & Low Tax Rate. Don't miss out on this beautiful gem!!!

Can't make the open house, contact Kelly to schedule a showing..  

Friday, March 10, 2017

Portola Hills Home Sales Jan & Feb

We are well into 2017 with the first two months behind us and hopefully some of that rainy weather we had.  Both January and February were record breaking months for rain.  Though needed, due to the drought, I will confess I am happy the weather forecast for the next week ahead is sunny and warm!!  Time for some work in the yard and friends over!

The weather is a perfect metaphor for the Real Estate Market.   The last two months, have been pretty static in Portola Hills and a little quiet... Like people are staying home with the fireplace on and watching the rain.  But as Inventory is very low, with only 1 a paired home available and 3 new builds in The Oaks community, the clouds have parted and the market is warming up!  

Below is breakdown by style of pricing for January and February.

Portola Hills homes sold

The most expensive home sold in Portola Hills so far in 2017 is a 3700 sq.ft JM Peters home that sold for $1.150,000.   The least expensive was a 2 bedroom Canyon View Condo which sold for $355,000.  The average days on the market was 63, however this is because a couple of homes were on the market for over 160 days.

Looking at the homes that have gone into escrow this month, I anticipate a jump in pricing from 2016 for March. It is interesting to see homes in The Oaks community enter escrow as well, which certainly will impact pricing on the high end.  Overall in Orange County the inventory of homes is very low which is reducing the days on the market and bringing multiple offers to sellers who homes are priced competitively.  Of course, as the weather warms we can anticipate a few more homes to come on the market, depending on how much will determine price increases.   There is no question, NOW is a great time to get top dollar for your home..   

If you are thinking of a selling your home or looking to purchase make sure to request our FREE eGuides created specifically to help prepare yourself and home for the next steps.   Of course we are always just a phone call away.

Don't forget to set your clocks back... a little Real Estate Fun Fact... What a difference an hour makes in Real Estate.  How does an hour an extra hour a day help you...?

Thursday, February 16, 2017

Portola Hills Home Buyers Love our Property Search App

I meet so many people when I am holding open a home that come in from just driving around looking for signs of what homes are available. They may have seen online that a home was scheduled to be open but generally print out the details and walk in with a stack of paper and kinda lost at what home they are looking for or they have no information on the home they popped into.

We understand that you as a home buyer want to do some research on your own and I encourage my clients to make sure if they are interested in a specific neighborhood to drive it...  I then send them a link for our custom property search mobile app.  

Take a look... at our how to video on how to use the Property Search App.

If you are interested in the App, reach out to us and we will send you the link directly.  As well, we will send you a our Home Buyer eGuide.  It  is filled with useful information to help with maneuver through the home buying process.

Wednesday, February 1, 2017

Portola Hills Jan 2017 Real Estate Market Review - What pricing went down?

Happy February 1st..  Yes we are officially in the 2nd month of 2017.  The month of love... will love shine on the Portola Hills Real Estate Market in February? We will have to wait and see but currently with the low inventory overall and the high buyer traffic at our open houses I don't see why it wouldn't.  

Let's take a look at how the market performed in the first month of 2017:

portola hillls jan 2017 real estate sales report by realtor kelly turbeville
Jan 2017 Portola Hills Real Estate Sales Report

Looking at the numbers, do you see that negative 5%.. yes me too and I probably had the same reaction you are having here.  Wait how can the value go down when all I am hearing is pricing is up?  OK maybe it is the mix of homes.. nope that doesn't work in this scenario as the mix of homes was almost identical, 4 condo's and 1 single family attached home closed.  In 2016 exactly the same but the 8 homes sold.   

In 2016 the median price of home was $457k and as you can see above, this last month it was $435k.  So why.. it's hard to say as we are just looking at numbers and we don't know the sellers motivation, and if these homes were impacted by the seasonal quietness of the holidays and election or where they just priced too low? 

Again hard to quantify; the good news here is a couple of buyers got great deals on their new home. With the continued low inventory, I would anticipate seeing a value jump this next month. Pricing isn't everything, timing and the sellers motivation is most important. This is one reason why we suggest if you are thinking of selling your home that you meet with more than one agent for a detailed market review. Ask questions about what is happening in your neighborhood but what is also happening in the surrounding neighborhood.  How does their marketing program, target your buyers and have them share examples with you of the last marketing program they ran, as well how they calculated a suggested price.

What's your Portola Hills Home Value - Find Out in Minutes

Of course if we can help we are always available to meet with you and review our marketing strategy.. We are a little geeky when it comes to numbers, we like them but we are also pretty creative when it comes to marketing..  Funny, maybe we should change our tag line to the Geeky, Creative Realtor near you!

Happy February

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