Wednesday, January 6, 2016

Portola Hills December 2015 Real Estate Sales Report

Can you believe it, 2015 is over.  I admit I am a bit shocked how fast the year went by.   December wasn't just busy with holiday events it was very busy in the real estate world as well.  Many question, if winter is the time to list your home, well these home sellers decided to and guess what they received approximately a 6% increase in their sales price from 2014.  

In addition to what homes officially sold, 7 properties went into escrow in December, leaving only 5 active properties available at the time of writing.

Below is a quick look at what homes sold in Portola Hills in December 2015.  

Portola Hills December 2015 Home Sales
The overall number of sales has been greater this year in Portola Hills.  Both volume and sales prices are up.  It is nice to see our clients and neighbors recover from the downturn.  There still are some residual affects from the downturn, as we had one distressed sell in the neighborhood this past month.  Good news for that new homeowner... that home closed at $756k down almost $200k from similar properties.

Comparing December 2015 vs. 2014, this past year volume was down only by 1 home.. but as noted above sales prices were up about 6%.  Take a look at what homes closed escrow in December 2014 below:

December 2014 Portola Hills Home Sales
The Median Price Per Square Foot was $303.24 for Portola Hills in December 2014 vs. today's median at $321.18.

We are in the process of analyzing our 2015 year end report, which will include a look at each property type for Portola Hills, Marketing Trends and Opportunities. If you are interested in receiving our 2014 Portola Hills Year in Review, just send us a note and we will send one out to you.

We wish all Portola Hills residents a very abundant 2016!  We are here to help you with any of your real estate questions and needs!
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