Monday, March 2, 2015

Has Spring Sprung in the Portola Hills Real Estate Market - Feb 2015 Sold Homes

Spring is typically the "Real Estate Season"..  for home buying and selling but did you know typically February is a key month in that strategy...  Why... When list your home in early spring you have the best opportunity to receive top dollar for it.  Inventory is low... Buyers Demand is High and today we all know interest rates are still at historic low levels...

Starting in April/May when real estate data starts to hit the market Sellers think it is the best time to list.. It's the herd mentality... Hey look my neighbors house is sold... should we list ours and the signs start to pop up.

Currently in the market we are seeing busy open houses, multiple offers and price increases.  If you are considering selling your Portola Hills home,  let's sit and create a strategy to ensure you take advantage of the best timing the market offers.

Below is a look at what sold in last month compared to 2014.  The exact number of homes sold but the price per square foot for the area did jump.   Mix is always important to look at but the average home in 2014 sold for  $313 per sq. ft and in 2015 it sold for $334 per sq. ft.

February Portola Hills Sold homes



Post a Comment