Tuesday, May 28, 2013

It's hot, hot, hot in Portola Hills - Real Estate Sales April-May 2013

As we enter summer in Portola Hills, all signs for the real estate market are hot, hot, hot!  Low inventory, high buyer demand are the key factors keeping this market hot!!

Typically this time of year we see an increase in listing activity but all over Orange County the number of new listings is down.  Overall the economy is improving, prices are up but some homeowners are still siting on the fence...  Maybe waiting for price increases, maybe repairing credit after taking hit, the answers are in the hands of homeowners, but one thing is certain those who have decided to sell are receiving top dollars for their home.

If you are considering a move and looking to move up into that dream home then you will want to keep in mind with the continued low interest rates and high buyer demand you truly have entered the perfect storm to sell and buy your next home.

Portola Hills April-May 2013 Closed Sales 
 In April and through today, 9 homes have sold in Portola Hills.  On the snapshot above you will see homes under $500k all sold for over asking and in a relativity short time frame. Higher end homes as well sold at asking pricing. The important thing to note, each new price is basically setting a new high price and homes are appraising!

Have you thought about a move, but not sure where to start.... The first step is understanding your homes value.  Contact Kelly today for a FREE review of your homes value.



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