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.

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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:

Tuesday, August 14, 2018

Portola Hills Real Estate Snapshot for July 2018

There is a lot happening in Portola Hills in regards to Real Estate.  New homes being built, new communities added that all impact your home values.  So we took a look at how the market performed in July.   Take a peek! 

Portola Hills July 2018 Real Estate Snapshot by Realtor Kelly Turbeville

Portola Hills saw a 10% increase in pricing from the same time last year on single-family homes. However, on the Condo/Townhomes pricing was flat.  Which honestly makes no sense to me, as demand is extremely high.   There is certainly room for pricing growth on the attached side of the market.   

What is the value of your Portola Hills Townhome?

The big story in July is Sales Volume, which was down 38% from the same time last year.  Why? It could be just a seasonal shift or that we saw an increase in sales before the new homes came into the area.  After all it is not fun competing with new homes sales in your backyard.  Buyers love to look a pretty new houses, so your house has to compete, otherwise the minute buyers walk in they begin deducting dollars that it will take for them to get your home similar to that new home they just saw.

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If you are thinking of a move, don't hesitate to give our team a call.   We have been successfully been selling homes in Portola Hills since 2004.  

Speaking of team, I wanted to introduce you to Realtor Olivia Belasco.   We are super excited to have her as part of the GPS real estate group.  She will be working with Kelly Turbeville in Portola Hills as well support our customer base in Foothill Ranch. 

  If you are thinking about buying your first home, Olivia has a passion working with First-Time Buyers and First-Time Sellers, as well the Single Home Buyer and or Seller. Why, she understands it is a huge step and is committed to walk our clients through every step.  Don't hesitate to reach out to her for any questions about the market.

Check out our newest listing in Trabuco Canyon!!

Just Listed - 3 Abilene Dr Trabuco Canyon

Sunday, June 17, 2018

Why is there a Month for Homeowners?

Did you know June is recognized as Homeownership Month.   Do you remember that feeling when you bought your first home, or are you dreaming of such.   There is no doubt homownership offers an array of benefits both tangible and intangible.  It that why it called the American Dream! 

Below is a quick look at some facts that about the benefits of Homeownership.

• 86 percent of current renters want to own a home in the future.

• Homeowners bring stability to neighborhoods. Homeowners move far less frequently than non-owners, and hence are embedded into the same neighborhood and community for a longer period.

• The average child of homeowners is significantly more likely to achieve a higher level of education and, thereby, a higher level of earnings.

• While both homeowners and non-owners may aspire to be engaged parents, homeowners likely live in neighborhoods with more opportunities for school involvement or participation in neighborhood activities.

• Homeowners report better physical and psychological health than the average non-owner.

• Homeowners are far less likely to become crime victims than non-owners.

• Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes. Source: National Association of REALTORS®

• The median net worth of homeowners increased 15 percent between 2013 and 2016, whereas that of renters or other non-homeowners fell 5 percent.

• The average homeowner’s net worth is 44 times that of the average renter. Source: The Federal Reserve

• Homeownership is seen as providing more stability and control over one’s living environment.

• Homeowners are thought to be more secure than non-owners since they were not subject to landlords raising the rent or not renewing the lease.

• Fixed-rate mortgages may decrease housing costs over time relative to inflation. Source: Joint Center for Housing Studies at Harvard University

• Purchasing a home can improve your credit score through consistent mortgage payments.

• Additionally, credit bureaus give more weight to mortgage payment history than to credit cards or other more temporary accounts.

• Rental payments may not be reported, so mortgage payments give you an extra account on your credit report. Source:

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As a Realtor, nothing brings us more pleasure then to help someone find and purchase their home.  To watch them begin their community and the relationships they establish is amazing to watch.   If you are thinking of purchasing your first home, or maybe your in the position where you are looking to move up or downsize, please do not hesitate to contact us at GPS Real Estate Group.  Our goal is simple it is you.  We focus on your goals and priorities and add our winning strategy to ensure you goals are met!  

Kelly has been helping first time buyers, single buyers and sellers for the past 15 years in Orange County.  She understands taking the step towards homeownership is a BIG DEAL and she likes nothing more then to help you along that path.  Even if you are ready now, if homeownership is one of your goals, don't hesitate to give us a call to review your goals.  As they say planning makes perfect!

Monday, April 2, 2018

There is no fooling how the new communities in Portola Hills are impacting pricing.

If you have drove through Portola Hills, you will notice the building of the new communities is in full effect.   All positive for the community with the addition of new parks, shopping and trailways.  But how does it impact values   Below is a summary of what sold the first quarter of this year in Portola Hills.  As of this time no, new homes show closed in the last quarter.   However, currently there are 24 homes active in Portola Hills and 22 of them are all new builds.  This means the inventory is increasing, the area typically has less then 10 homes available this time of year.

Below is a look at how the real estate market performed.
Portola Hills Real Estate Values by Realtor Kelly Turbeville

If you are thinking of a move this year, now truly is the time to list your home.  As more inventory comes available this will impact your home.   Certainly we should see values increase but that really depends on the mix of homes and often times we see resales take a dip in pricing, until the sale through of the new homes is complete.   Why, everyone loves pretty new homes!   Buyers will be comparing your home to those lovelies and to a certain degree it must compete.  

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However, in any real estate market, pricing is subject to shift and with the new inventory, increased interest rates on the horizon buyers are wanting to buy now.  That means you have a huge opportunity to get your home sold now before both these events take place on this hill.

What's the Value of my Portola Hills Home

Of course we would love to help you get your home sold.  We have buyers calling us daily looking for homes in the area and are currently building our interest list.   If you would like to include your home on our list for potential buyers, please do not hesitate to contact us.

Other information you may find helpful:
Keller Williams Mission Viejo the only OC Real Estate Office in Real Trends Top 500
Keller Williams noted as #1 Real Estate Firm in the Country
Competition is Coming

Thursday, October 19, 2017

There is nothing spooky about the Portola Hills real estate market!

As you can see up the market continues to have price increases with the average price of a detached home in Portola Hills in September was $899,000 and for attached homes the average price was $473,000 up 11% from September 2016.

Portola Hills Real Estate Market Recap by Realtor Kelly Turbeville

What's the Value of your Portola Hills Home

The big news for Portola Hills is the new development that are currently selling new homes.  The Oaks now in phase 4 and models opening soon for Iron Ridge.  Residents who are thinking of moving, should keep these developments in mind as competition.  In order to capture the buyers away from these homes, your home will need to be presented beautifully and priced well.  After about a year, resale homes will be able to take advantage of these sales in your pricing strategy.

Exclusive Portola Hills Home Search

If you are thinking of a move, don't hesitate to give us a call.   Our goal is to develop a marketing plan that brings you top dollar for your home.  We just put into escrow a great condo in the Montecido complex, sold the first weekend with multiple offers.  Which tells us demand is very strong!  

Wednesday, October 11, 2017

Off to Escrow We go on this Lovely Montecido Townhome

Our listing at 28385 Pueblo Dr, in the Montecido complex of Portola Hills has gone into escrow.  This lovely home was priced right at $485,888 and received multiple offers and went into escrow on day 3 of the listing! Congratulations to our Sellers!  

28385 Pueblo Dr. Trabuco Canyon,  Ca 92679

This home was a must see! Upgraded, move-in ready and a great value for first-time homebuyers, emptynester's and Millennial's alike! Its charming 2 story, 3-bed, 3-full baths (with bed/bath on ground floor and 2 master suites upstairs), 1300 sq ft. boasts high cathedral ceiling and over-sized windows making it bright and airy. It has a big, private backyard for summer BBQs, as well as an attached, direct access 2 car garage. Some of the features include upgraded kitchen, refurbished bathrooms, laminate wood floors, newer carpets, new garage door and water softener, just to name a few. Nearby shopping, restaurants, toll road, walking trails and walking distance to award winning schools. Low HOA dues and NO MELLO ROOS! 

The Montecido Complex in Portola Hills is a sought after community. There are three hundred units in the community with 4 floorplans, ranging is size from 1015 square feet to 1303 square feet.  Amenities include: pool, spa, fitness room, playground and Clubhouse all for only $220/Month.

If you are a resident of Montecido in Portola Hills, don't hesitate to give Kelly Turbeville a call.  As a previous resident of the complex and an active agent she is an excellent resource to get your home sold.  Make sure to Download our FREE Portola Hills Seller's Eguide or Request your FREE Home Value Report.  We currently have several buyers looking for the Plan D model, so don't hesitate to give us a call today!

Monday, August 14, 2017

Portola Hills July Home Value Review

Hard to believe we are half way through the year in 2017.   Time sure does fly by, so I hope you have been able to take some time and enjoy summer.   We have been busy with real estate as the market hasn't slowed down one bit, which is not typical for this time of year.  July and August are generally our slower months, as buyers and sellers are distracted by summer fun.   

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

Portola Hills Home Values July 17 by realtor Kelly Turbeville

As you will note pricing is up 6% from this time last year, we also have more homes on the market with 15 vs 9 in 2016.  Homes are taking on average about 16 days to sell in Portola Hills.   However, I would anticipate that creeping up in August as summer distractions kick in high gear in August with last minute vacations and back to school.

What's the Value of my Portola Hills home?

Looking at the active inventory available in Portola Hills currently it is good to see more homes come on the market in the $400-$600k range.  Homes priced in this range are HOT, HOT, HOT throughout the county. Inventory is very low. But that doesn't mean seller's can overprice their home.  Homes priced over the market still tend to stay on the market long and result in price reductions.   Pricing your home right at the beginning is what brings you top dollar with multiple offers!

If you are thinking about a move, don't hesitate to give our team a call.  As you can see we strive to provide you with what is truly happening in the market so we that can meet your goals and successfully sell your home!  

Other Portola Hills News...

We are hosting our Second Neighborhood Wine Tasting this Saturday.  Join us..