Just Sold... Portola Hills April 2015 Sold Homes

You know how the saying goes, April showers bring May flowers I think we were all hope for a few showers during the last month.   Unfortunately it was pretty dry.  The good news... home values jumped 11% from April 2014 vs. April 2015.   So hopefully we are out of the real estate drought for the year.


Below is a quick snapshot of what sold.

Portola Hills April 2015 Homes Sold







I always like to include homes old in the same month the year before so you can compare the details.   Below is what sold in Portola Hills April 2014.

Portola Hills April 2014 Homes Sold










In terms of the number of sales it was pretty close, in 2014 5 homes closed escrow and in 2015 we had 4. It is also important to note that there are 17 homes currently in escrow.  We can't count these as sold because well they haven't closed escrow and thus not sold but it is a good measure that homes are moving quickly.

With 17 homes currently in escrow we should see further increase in values for the month of May. However as the selling season is just beginning and inventory projected to increase I would also think that will level out pricing values.   

If you are seriously considering a move and looking to capture the current hot market now is the time to list your home.  Give us a call and we are happy to review with you in detail the current Portola Hills market as well the surrounding area so you can plan accordingly.






Location: Portola Hills, CA 92679, USA

Comments

Post a Comment

Popular posts from this blog

Portola Hills Annual Food Drive - Hosted by Realtor Kelly Turbeville

Image
It's that time again.  Each year we host an Annual Food Drive in the Community of Portola Hills to support the local community and the efforts of South County Outreach! It is super simple to participate.  See the list below of needed food items, simply text us with for pick up. We are picking up food the week of May 6th.  Last year we collected over 930 lbs of food!  We hope to beat that this year!  Reach out direct to Realtor Kelly Turbeville with any questions. FOOD DRIVE UPDATE:  THANK YOU PORTOLA HILLS, WE COLLECTED OVER 1000LBS OF FOOD TO SUPPORT SOUTH COUNTY OUTREACH!!   We couldn't have done it without your support! 
Read more

Where are all the houses for Sale?

Image
If you are thinking about a move, downsizing, relocating and have been searching for a home, you are probably thinking "where are all the homes for sale" isn't this time of year that we would see them? The answer to the later is yes!  May is typically the busiest month in real estate.  However with over 80% of homeowners refinancing to the low rates over the last couple of years, homeowners are in no hurry to make a move into a higher rate.  Is this you?   But life happens and buyer demand is pretty strong in most price points.  One reason... is the equity position homeowners have.  Just released over 67% of homeowners homes are either paid off or they have less than 50% remaining on their mortgage.  That means there is a ton of equity in the market!  In addition, buyers have come to terms with interest rates.  They understand they can refinance later. As we do anticipate home prices to sky rocket due to this inventory issue not being resolved and rates will come down. He
Read more

Is your Portola Hills home going to be your first Rental Property?

Image
Did you know there are over 200 original owners here in Portola Hills.  The community was started in the late 80's so that is nearly 40+ years of equity growth for those homeowners.  Especially with the median price of the area nearing $1 million dollars.   Most of those homeowners have very low mortgages or the homes are paid off, which provides them with a wonderful opportunity to leverage their equity into other rental properties.  Perhaps the original home could become or has become their first investment property. With rising rents, right now is an excellent time to perhaps take the jump to become a landlord.   Check out these 3 Mistakes we see first time investors make in the real estate market. 1.  Not doing a cash flow analysis. 🤑 It is easy to say, oh my mortgage is this, I can rent it for that and do the math.  But it goes much deeper than that, understanding your overall cost is critical step in planning. 2.  Not working with a real estate agent. 💁‍♀️ Truth, having a R
Read more