Friday, August 19, 2016

15,000 reasons why this home may be the one for you.. 41 La Sordina

One of the prettiest aspects of living in Portola Hills are the awesome views.   Have you been looking for a view home in the area but have not had success finding it?

Does the criteria you are searching for in a home include:

  • South Orange County Location
  • 4 Bedrooms
  • Unique Floor plan with Large Living and Family Rooms
  • Large Kitchen with Granite Counters and Large Outside Deck
  • 180 Degree Panoramic View out to the Pacific Ocean
  • Covered Patio with Pool Sized Yard
  • 3 Car Garage with Tons of Storage
  • Walking Distance to Award Winning Elementary School

We have it and the best news of all... We just reduced the price by $15,000.

Come check out our listing at 41 La Sordina.  We will be open Saturday 8/20 from 1pm.

Kelly Turbeville available properties

When you look at what has sold in the area, this home is a steal.   Take a quick peak at the most recent sales in the area.

Like it.. Contact Kelly to schedule to a showing or pop into our open house!

Tuesday, August 16, 2016

What is the value of my Foothill Ranch home

As Foothill Ranch is our neighboring city it is important to keep on top of the trends of the area.. Foothill Ranch is larger community then Portola Hills but similar in demographics, etc.

Below is a quick look at how the Foothill Ranch Real Estate Market performed in July and Year to Date from the Orange County Association of Realtors.

Foothill Ranch Detached Home Sales

Home Values in Foothill Ranch by Realtor Kelly Turbeville
Foothill Ranch Attached Homes Sales
Comparing numbers Portola Hills is outpacing Foothill Ranch this year. In terms of price gains and growth.  The new development in Baker Ranch, Camden Square and El Paseo I would suspect have impacted resales in the area.   

Don't forget if you are looking  to buy in a new development you can have a Realtor help you and it is probably in your best interest to develop a negotiation strategy and be ready to compare against what the developer will offer.

When determining the value of your home it is always important to consider a number of factors.   We have simplified the process.   Get your FREE Home Value Report

Wednesday, August 10, 2016

What is the value of my Portola Hills Home? July 2016 Home Value Report

We are in the last month of summer and the count down in on as to when school starts.  Here in Portola Hills school begins the last week of August.   Doesn't that seem early to you?  Man summer flew...

With that rush for school prep, we tend to see a shift in the real estate market.. it gets a little quieter with the summer distractions.  So was that the case in July for the Portola Hills community...  To a certain degree yes.  The average days on the market are increasing, as buyers have slowed and inventory jumped a bit in July. Currently there are 15 homes available in Portola Hills.

Below is a quick look at how the Portola Hills real estate market performed in July 2016.

Home Value report from Realtor Kelly Turbeville

The average price per square foot in July 2015 was $306. The average price per square foot in July 2016 was $380.  That equals a 20% increase in home values for the area.   Of course, it is important to look at the overall market and what the mix of homes that sold are but the numbers always give us a clue.

Understanding the market as a whole within the community, as well, in the surrounding area is key to determining the fair market value of your home.   I have to admit, I sometimes look at homes and wonder why is that priced sooo low...  Timing, Condition and Marketing are also a key in determining  a price that will bring you a successful buyer.

The inventory over all is still pretty low for the area but we have seen a slight increase.  Homes priced below the median of $700,000 are still selling very quickly and with multiple offers. The average days on the market in Portola Hills in July was 46. If your home falls within that range you may want to take advantage of the tight market.   On the higher end range homes are selling however the days on the market have increased, with the average days on the market about 79.

If you are wondering if now is good time to list your home, please do not hesitate to give us a call so we can review how we perceive the market.  

Monday, July 25, 2016

Portola Hills Mid-Year Real Estate Snapshot

It always amazes me how fast the years go by and 2016 is no exception.  We are mid-year, so it is always a good time to take a look at how the overall real estate market has performed in Portola Hills thus far.

The info-graphic below highlights the 2016 Portola Hills real estate market is certainly on an upswing thus far in the year.

Portola Hills Home Values

Looking at the above figures the low sales volume certainly is a driving force in the increase in pricing.  Inventory remains to be a key issue throughout South Orange County.  

In July we typically see a turn in the market from the spring strides.  It's summer after all people are distracted.  The demand has been very good this year thus why we see such an increase in pricing.  We are also beginning to see a slight increase in the inventory and the expected market time is on the rise. Though Portola Hills Average Days on the Market is averaging about 40 overall in the county that has increased to about 79.  Leading us to a more balanced market.

Of course each market segment is going to be different but if you are a condo owner and thinking about selling.. now is a amazing time.  Condo prices year to date in Portola Hills have risen on average 19%.   Where as Single Family homes have risen about 10%.   

With the median price in orange county just under $700,000 anything under that price point that is priced correctly, presented well is a hot commodity!!

If you are wondering the value of your home and if now is a good time sell, let's talk and review the market in your area.

Tuesday, July 5, 2016

Was Real Estate up or down in Portola Hills?. June Real Estate Report (infographic)

As we are getting back to work after enjoying the 4th of July events, it is time to look at how the Portola Hills Real Estate Market performed in June...  For my business it didn't seem slow but when I look at the numbers we do see sales volume down about 50% from what it was in June 2015 for the Portola Hills Market.

Looking at pricing in the Portola Hills it was up about 7% from June last year. Which is consistent with the rest of the county.

Does the sales volume slow down signify a shift in the market?  The simplest answer; it depends.  Looking at history we know the best time to sell a home is Early Spring to Mid-June.   We typically have a seasonal slow down in late June through the 4th of July.

Inventory has increased slightly throughout the county but in pockets such as Portola Hills it has remained low.  So if more homes come on the market through August we may see a bit more of a balanced market.  

However, at the point of putting these numbers together there are only 9 active homes on the market in Portola Hills and important to note, no entry level condo's currently listed.

So there is still plenty of time to capture a top price for your home if you are considering a move.  

Timing, inventory, location are all important elements for the successful sale of your home.   

what is my home worth
What is my home value?

Monday, June 13, 2016

Coming Soon Home with an Amazing View

We are so excited about this upcoming home for sale. The home is located in our neighboring city of Rancho Santa Margarita.  Seller is in the process of adding a few final touches and then we will have it open.

Just Listed by Realtor Kelly Turbeville

I love this floorplan, as it is perfect for a growing family or maybe a professional who wants to rent out a room for extra income.   

As you enter the main living area is directly above with wood flooring and 4 picture windows that open up to an amazing view.  The kitchen is open with granite counters, stainless steel appliances with a deck right of the kitchen for those summer evening and dinner outside.   The mater bedroom is located on this level with a large adjoining master bath.

As you come downstairs you will enter into the large family room with 3 adjoining bedrooms.  From the family room, you have another access to spacious back yard and that amazing view.

Other details include a 3 Car Garage, access to the Brisa Ladera HOA and Samlarc Association which includes the access to 3 pools, lake and lagoon in Rancho Santa Margarita.  Walking distance to Altisma Park

If your interested in more information on this home and to schedule a showing once it is live, please do not hesitate to contact Realtor Kelly Turbeville.

Saturday, June 11, 2016

5 Questions to Ask before you list your Portola Hills Home as a FSBO!

Thinking about selling your Portola Hills home, but considering doing it yourself.   Are you ready to hit the market as a For Sale By Owner (FSBO)?

FSBOBefore you sign on the dotted line with yourself, ask these 5 questions!

1.  Do you know and understand all required laws and pertaining documentation required?   In California the laws when selling a home are extensive. Do you have access to all the necessary forms? They cover, safety, hazard, disclosure, discrimination, environmental, tax, title and much much more.  
2.  Do you have access to and a good relationship with a Title Company and Escrow company?  A home buyer/lender is going to require a complete title review of your property as well to ensure Title is insured. An escrow company as well would be required to ensure funds are maintained in a separate account and managed accordingly to local property laws, plus lending requirements Home Owners Association (HOA) details.
3.  Are you prepared to have the home inspected for repairs and pest control and understand what is required by law?  Do you have a relationship with professionals who are reliable, trustworthy and  understand they required laws?
4.  How are potential buyers going to find your home? What is your pricing strategy for buyers to consider buying without representation?  Are you prepared to negotiate with a variety of people during the transaction: Buyer, Inspector, Appraiser, etc.  Who pays for what and what are the expected cost for inspections, pest control, HOA documentation, etc.
5.  Who is your Buyer?  Who are you letting in your home to preview it?  Could there be a safety issue? Have they been pre-qualified, do you have a way of keeping track of them.   Are you aware of the different lender requirements and the variety of loan programs? Does your home comply?  
The biggest question to ask yourself is: what are you trying to save by listing your home yourself?  Is it strictly a money issue?  FSBO homeowners often believe they will save the real estate commission by selling on their own.  But what you may not realize is the buyer is thinking the same thing.  I should get a lower price as you are not paying commission and will negotiate as such.  What they don't consider is the liablity and cost.
Did you know, statics from the National Association of Realtors shows that FSBO typically sell their home at a price of 16% less than the market value.    
Maybe the question to ask yourself before you list your home FSBO is the risk greater then the reward?
Our goal is not to scare you into working with a Real Estate Agent.. However, I would recommend if you are considering listing your home yourself, meet with a couple of professional agents and get a full understanding of what is required in your area,  what is happening in the market and the "real" cost to list your home. 
Even as Realtor I used a Realtor to list my home...  It's that important!!

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