Sunday, July 6, 2014

Portola Hills June Real Estate Snapshot

Someone turned on the faucet for closed real estate transactions in June with 16 closed escrows throughout Portola Hills.

Below is quick look at what closed in Portola Hills.

Attached homes:
June 2014 Attached Portola Hills Home Sold


Detached homes:
Portola Hills Detached Home Sales


The same can be seen overall in Orange County, homes are selling.   The median home price in Orange County increased 10.4% over last year and at $595.000.  

We are also seeing homes stay on the market a bit longer.... Why when for months now we have heard there is not enough inventory.  Inventory has increased but is still far below a balanced market.  What has changed is that buyers are being a bit hesitant with the increase in pricing.  So homes that are listed a bit high are staying on the market longer.

If you are considering listing your home for sale, it is critical to have a strong pricing strategy that will bring you top dollar for you home in the time frame you desire.   Give Kelly a call to review the value of our home and today's real estate market.








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