Sunday, July 10, 2011

Portola Hills June 2011 Real Estate Market Snapshot

Portola Hills made the news once again in June as the hottest place to buy a home in Orange County.  Below is a breakdown of how Real Estate faired in June for the area.
Sold Properties:  7

Attached:  5
  • Average Floorplan:  2 Bedroom / 2 Bath
  • Average Sq. Footage: 1029
  • Average Sold Price: $228,000
  • Average Price Per Sq. Footage: $218
  • Average Days On The Market: 110

Detached: 2
  • Average Floorplan:  4Bedroom / 3 Bath
  • Average Sq. Footage: 2673
  • Average Sold Price: $624,995
  • Average Price Per Sq. Footage: $231
  • Average Days On The Market: 193

Current Active Properties: 

Attached: 19
  • Average Floorplan:  2 Bedroom / 2 Bath
  • Average Sq. Footage: 1012
  • Average Listed Price: $325,000
  • Average Price Per Sq. Footage: $247
  • Average Days On The Market: 109
Detached: 5
  • Average Floorplan:  4 Bedroom / 3 Bath
  • Average Sq. Footage: 2557
  • Average Listed Price: $608,000
  • Average Price Per Sq. Footage: $241
  • Average Days On The Market: 156
Portola Hills Best Buy!  When you look at the numbers this is Portola Hills Best Buy. In addition, it is a great floorplan, has a great view.  It is an REO, so some lighted updating may be needed.  This home is located in the Seranado track and is priced at $435k.   There are two model matches listed currently at an average price of $517k.  19511 Dorado

We have seen an increase interest from Buyers looking for the following.
  • 3-Bedroom/3-Bath Townhomes priced under $350k
  • 4-Bedroom/ 3-Bath View Home with a good size yard priced under $700k.
Most of our buyers are looking for non-distressed properties as they don't want to wait and are ready to move.  If you are an equity seller looking to move, please give us a call.  

If you are in a distressed situation and need to sell, give us a call.   Buyers are interested in your property, but just as you want to move forward so do buyers so it is critical you work with a Team who has the contacts and process needed to succeed.  Our team does just that and our records show we have consistently received the highest prices for the area and closed in the quickest time.  We are here to help.

Don't hesitate to contact Kelly for a complimentary review of how the real estate market is moving in your neighborhood.



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