There is a lot happening in Portola Hills in regards to Real Estate. New homes being built, new communities added that all impact your home values. So we took a look at how the market performed in July. Take a peek!
Portola Hills saw a 10% increase in pricing from the same time last year on single-family homes. However, on the Condo/Townhomes pricing was flat. Which honestly makes no sense to me, as demand is extremely high. There is certainly room for pricing growth on the attached side of the market.
The big story in July is Sales Volume, which was down 38% from the same time last year. Why? It could be just a seasonal shift or that we saw an increase in sales before the new homes came into the area. After all it is not fun competing with new homes sales in your backyard. Buyers love to look a pretty new houses, so your house has to compete, otherwise the minute buyers walk in they begin deducting dollars that it will take for them to get your home similar to that new home they just saw.
If you are thinking of a move, don't hesitate to give our team a call. We have been successfully been selling homes in Portola Hills since 2004.
If you are thinking about buying your first home, Olivia has a passion working with First-Time Buyers and First-Time Sellers, as well the Single Home Buyer and or Seller. Why, she understands it is a huge step and is committed to walk our clients through every step. Don't hesitate to reach out to her for any questions about the market.
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Just Listed - 3 Abilene Dr Trabuco Canyon