PORTOLA HILLS LIVING by Kelly Turbeville

As Foothill Ranch is our neighboring city it is important to keep on top of the trends of the area.. Foothill Ranch is larger community then Portola Hills but similar in demographics, etc. Below is a quick look at how the Foothill Ranch Real Estate Market performed in July and Year to Date from the Orange County Association of Realtors. Foothill Ranch Detached Home Sales Foothill Ranch Attached Homes Sales Comparing numbers Portola Hills is outpacing Foothill Ranch this year. In terms of price gains and growth.  The new development in Baker Ranch , Camden Square and El Paseo  I would suspect have impacted resales in the area.    Available Foothill Ranch Homes Don't forget if you are looking  to buy in a new development you can have a Realtor help you and it is probably in your best interest to develop a negotiation strategy and be ready to compare against what the developer will offer. When determining the value of your home it is always important to

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 $

Inventory, Inventory or should we say Lack of Inventory is the buzz word in Real Estate these days.  This is no exception in both Foothill Ranch and Portola Hills.  The market ended with very few homes on the market.  Good news... though for home sellers these homes successfully closed escrow in the first month of 2013! Have you been thinking about a move.... you will want to seriously take into consideration the low inventory.. as this is going to offer a the opportunity to receive top dollar for your home.  In addition, with interest rates projected to tick up, you have actually reached the perfect storm in Real Estate.  Top Market Price, Huge Buyer Demand, resulting in Multiple Offers and allowing you to purchase a move up property at today's low interest rates. Wondering what your home is worth....simply send us a note and we will send you over a FREE Market Report or your property and the immediate neighborhood!  It's that simple!