As I write this post the feeling of fall is in the air. It's a cool 70 degrees out. A welcome relief, I believe from the hot September we had. It is also the perfect metaphor for the Portola Hills real estate market.
|Don't forget to enter our Fall Door Decorating Contest!!|
In September there were 12 homes sold in Portola Hills, that is up from 8 in 2014, which is a 34% increase in volume. So you can say the market in September was pretty hot... just like the weather. Below is a look at the homes that closed escrow in the community.
|September 2015 Portola Hills Real Estate Sales|
As we enter October, we should certainly see the number of sales fall i.e. decrease. This is typical for the fall. Homes begin to stay on the market longer, though buyer demand is still strong, people tend to want to be settled in their new home before school starts and the fall/holiday festivities begin.
That doesn't mean fall is a bad time to list your home. Homes priced right, presented well and marketed are selling daily. The good news is the home buyers that are out there are serious! As well, the number of new listings coming on the market should be less, reducing your competition.
It is always important to note, the rules of supply and demand always prevail. If you take a look at September 2014 sales in Portola Hills, both prices and volume were less, but the median price per square foot was up only about 1%. Of course the mix is different, which is always an important factor, below is a look at what homes sold in September 2014.
September 2014 homes sold in Portola Hills
If you take a look at the two highest priced homes that sold both were slightly over 3000 square feet. In 2014 the Jasper Hill home sold for $885k, the Highridge home in 2015 sold for $994k, that is a 11% increase..
If you are considering listing your Portola Hills home, give Kelly a call to review the specifics of your home and neighborhood.