As Foothill Ranch is our neighbor and often lumped in with data and area information for Portola Hills, it is important to be aware of the real estate market trends for the overall area.
This past month in Foothill Ranch 14 homes closed escrow with the Average price of $582k for 1725 square feet in 71 days.
|Foothill Ranch Closed Real Estate Sales August 2015|
|Foothill Ranch Closed Real Estate Sales August 2014|
In 2014 during the same time period August, 8 homes closed escrow with the Average price of $664k for 1997 square feet in 81 days.
Comparing the two years, though the number of sales are up in 2015, with the mix of what sold the average pricing for the area looks be down. However, when you split out detached homes the average sold price was $739k, which is up about 11% from 2014.
Comparing what homes sold in Foothill Ranch vs Portola Hills this past month, the price per square in foot in Portola Hills averaged $357 per square foot vs. Foothill Ranch $343 per square foot.
If you are considering a move and looking for a detailed report on the current market in Foothill Ranch, Portola Hills or any of the surrounding area, please contact Kelly for a custom report.