Monday, November 4, 2019

Fall Real Estate in Portola Hills

Who loves Fall? My favorite season here in Portola Hills, well maybe except for those lovely Santa Ana winds.  Fall to me feels like home. The day's are shorter, which actually makes me stop and relax, vs the summer and spring when it is go, go, go.  How about you!



The real estate market also tends to slow down this time year, though this year buyers are out in force due to the lower interest rates and low inventory. 




So how has Portola Hills fall market began this year, take a peek below.
Portola Hills Home Values by Realtor Kelly Turbeville

Looking at the numbers below we see a slight decrease in pricing from the same time last year, but I am not really concerned as the mix of homes sold in 2018 vs. this past month was much different.  The average size of home sold last year was 3100 square feet with 6 new homes selling vs. this year the average square footage was just over 2600 square feet and there were only 2 new homes sold.  The new homes in The Oaks and Ironridge are certainly impacting the area, but resales are still very strong. 

Portola Hills remains one of the top locations for new buyers as it is one of the few communities with new homes. Both the Oaks and Ironridge bring buyers up the hill.  But they also put pressure on how to price your home.  When buyers are looking at new homes, they aren't looking that those homes may have $150,000 or more in upgrades.  What they are looking at is how nice the homes is!  So when they venture up the hill a little more, they are still expecting those pretty amenities to continue.

Buyers are smart, they understand resales homes offer more value, but it is very hard for them to get those pretty shinny new homes out of their head. If they do, it all relates back to pricing. Carefully and methodically pricing a home is vital to resale homeowners if you are looking at cashing in on the strong OC real estate market we have today!

If you are thinking of a move but holding off till this spring, let's chat why the current state of the OC real estate market right now is key to getting you top dollar.  Low Inventory, Low Interest Rates and High Buyer Demand all strengthen the strong sellers market we have at our finger tips.  Don't hesitate to give me a call to review how the values in your Portola Hills neighborhood.



Friday, October 4, 2019

Are Portola Hills Homes Being Under Sold


Every month we take a look at the local market and compare it against what happened at the same time last year vs. this year.  We also take a look at what is happening in the surrounding area to see if the community is on trend with the rest of the area. 







In September Portola Hills had 15 homes sell, 11 Single Family Homes and 4 Townhomes/Condo's, which shows the sales volume is up slightly from 2018.  The difference being this past month, we had about 50/50 mix of new homes and resales, where as in 2018, 80% of the homes that closed escrow in September were all new homes.  

When comparing the two years, values is is going to be significantly different as the mix was so different between the two years.  Below is a snapshot of how the Portola Hills real estate market performed in September 2019!  

Portola Hills Home Values

As you can see the above values show there was about a 12% decline in values from September 2018.   But when looking at the overall year to date numbers Portola Hills is actually up nearly 5%.  

Portola Hills is certainly a sought after community!  With the new homes selling in The Oaks and IronRidge buyers traffic in the area is up.  This does add competition to resale home sellers, but homes priced right, presented well and available should be selling in comparable values of those in our surrounding neighborhoods. However, looking at pricing of homes on the market, it does tend to look like Portola Hills is being undervalued. 

As appraisals come in these homes priced low are setting the tone of pricing for the area. It's important who you pick as your realtor and how they are interrupting the local real estate market.

Don't hesitate to give me a call to review your homes value and how the overall area is performing.  








Monday, July 8, 2019

Welcome to GPS real estate group and Portola Hills Realtor Nancy Bishay

I am super excited to introduce our newest team member and neighbor to Portola Hills, Realtor Nancy Bishay.  Nancy is a former teacher who has moved to the area and will be working with our team at GPS real estate group at Keller Williams in our new Lake Forest office.

Portola Hills Top Real Estate Group GPS real estate group

If you are thinking of a move, you will now have a successful team behind your home sale.  We have been selling homes in the area since 2004 and is the only Real Estate blog dedicated to our clients.   Our strength in understanding what Portola Hills home sellers and buyers want is unsurpassed.  We are happy to further build this strength with Nancy's help!!

Contact Nancy direct at NancyBishay.kw.com

Monday, March 25, 2019

2018 Highest Priced Homes in Portola Hills

The Portola Hills community in Lake Forest has seen a huge change on the real estate landscape with the addition of several new home communities. The Oaks and Iron Ridge are in full sales, with The Oaks beginning to sale in late 2017 and the Iron Ridge early 2018.  

These new additions are selling well.  The Oaks would be considered luxury properties with the square footage ranging from 2600 square feet to over 5200.  Comprised of seven distinct neighborhoods, all within a private gated community featuring tree-lined streets and premium views, outdoor recreational spaces within our community including a Central Neighborhood Park and Swim Club, a large 5-acre public park with recreation and sports fields and three neighborhood parks. 

Iron Ridge, the newest community is comprised of six distinct neighborhoods, ranging from Townhomes to large Single Family, ranging in size from 1100 square feet to over 3800 square feet. Each residence offers superb craftsmanship and spacious elegance for today’s active lifestyles. Community amenities such include a Clubhouse, resort style pool and playgrounds.

This has brought a completely new dynamic to the Portola Hills real estate market.  It certainly has raised home values, but it also adds tremendous pressure on resales. Why, because now resales are competing with Brand New Pretty Homes!  

Take a peek at the top selling resales and new homes in Portola Hills. 

ten most expensive homes in portola hills by realtor kelly turbeville

ten most expensive new homes sold in portola hills


The most expensive home in Portola Hills was sold for over $1,7 million in 2018. That is a huge jump in pricing for the area.   Comparably a resale home slightly smaller sold for $1,4 million.   As soon as the new builds become resales, the area should see further price gains.  Making Portola Hills an ideal place to purchase a home today.

Now we might be a bit bias, as we have always felt this way. The community overall offers a wide range of homes, beautiful landscapes and natural habitat with views of the Saddleback Mountains and the Pacific Ocean.  If you are thinking of making a move, don't hesitate to give us a call to review the current market whether buying new or a resale, having a realtor by your side who is passionate about the community is key to get your home sold quickly and for top dollar.

Thursday, March 21, 2019

Just Sold - 34 Korite, Rancho Santa Margarita

We are going to miss you in Portola Hills but we are super excited that you found the perfect home for your family.


If we were to pick a neighborhood with similar characteristics of what you loved about Portola Hills, it would be Melinda Heights in Rancho Santa Margarita. The community offers great community amenities for the family.

Thank you for entrusting us with the sale and purchase of your home! 

Portola Hills Home Search


If you are thinking of a move, now is a perfect time to take advantage of the real estate market, after the slight shift we saw this winter.  More inventory of homes is expected to come this summer so listing your home now gives you the advantage of less competition.  Don't hesitate to contact Kelly Turbeville today to review the market in your neighborhood.



Thursday, February 7, 2019

Just Sold 21152 Serra Vista, Lake Forest by Kelly Turbeville

I am so excited as I had the privilege to help my friend and client sell her townhome in Lake Forest. I love seeing hard work pay off and it has for her!


21152 serra vista, lake forest sold by realtor kelly turbeville
Property Description: It's hard to find a 2 Master Suite Townhome this size in Orange County, especially one that includes a 2 Car Attached Garage and a Huge Yard. Did we mention it's a End-Unit with only 1 neighbor attached. Truly the best location in the community! Recently upgraded with High Grade Wood Laminate Flooring, New Baseboards and on trend fresh paint. Light, Bright with Vaulted Ceilings help to make this living space a rare gem. In addition, you are going to love the spacious Kitchen with Corian Counters and Modern Maple Cabinets. You can decide if you want to have a quick meal in the kitchen or if you have friends coming over, plan a perfect dinner party in the separate dining area. Upstairs are the 2 Master En-suites with plenty of storage space and the wood flooring carried throughout. Need more storage space, then this garage is perfect for you. You'll also appreciate the new energy efficient HVAC system and dishwasher. The Serano/Hillview Association Amenities includes: Pool, Spa, Clubhouse, Tennis Courts, Tot-Lot and BBQ area and directly next to Tamarisk Park. Located between Lake Forest and Bake, off of Trabuco, providing you easy access to the 405/5 fwy and minutes from the Irvine. Without having to pay Irvine prices. No Mello Roos, Low Tax rate. Make sure to check out the sold comparables!

If you are thinking of move, don't hesitate to give us a call. The Portola Hills real estate market in Lake Forest is very popular right now with all the new homes in The Oaks and Iron Ridge Community but also for resale homes. The selling season is her now, as we project inventory to increase as spring approaches. If you are looking for top dollar on your home, the ideal time to list is when inventory is at its lowest. That is today! We are here to answer any of questions you may have about your home and or the real estate market!




Thursday, October 11, 2018

Was there really a 28% increase in Portola Hills Home Values?

We just finished up our review of the Portola Hills real estate market for September and it was hot, hot, hot!!  Both home values and sales volume were higher last month then the same time period in 2017.   

This is slightly different then the rest of the OC real estate market.   Though we are starting to see a slight shift towards a balanced market and homes are taking longer to sell, we did not see a decline in pricing.

Search Available Portola Hills Homes


Below is a snapshot of the Portola Hills real estate market in September

Portola Hills home values by realtor kelly turbeville

Looking at the current real estate market, we see plenty of opportunity for both sellers and buyers.  Thus why it is called a balanced market.  Honestly, if you are thinking of moving up and/or downsizing, today's real estate market offers you the opportunity to take advantage of the equity you gained the last few years and now provides more buying power.  Especially before interest rates rise in 2019.

What's the Value of my Portola Hills Home?


In other news, we have some exciting news... 

I would like to introduce to you Olivia Belasco a new agent on a our team. She will be working with me in the Portola Hills community.  When you list with us you now have double the effort to get your home sold or to help you find your next dream home.  Actually you have the entire GPS real estate group at Keller Williams behind you.

Speaking of Keller Williams, we are some very exciting news to share with Lake Forest Community, so stay tuned!!


Don't hesitate to give us a call to answer any of your real estate questions.  Our goal is to be your resource for all things real estate! 

Current Listings: