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.
|June 2014 Attached Portola Hills Home Sold|
|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.