PORTOLA HILLS LIVING by Kelly Turbeville

Historically August is a quiet month in the real estate market, people are finishing up vacations and getting kids ready for school, etc.  In Portola Hills however this wasn't the case when it comes to the  number of homes that sold as we saw a 37% increase  in the number of closed escrows over August of 2014. In 2014 5 homes closed escrow in 2015 8 homes closed escrow...   Below is a breakdown of what homes sold in both years. Portola Hills August 205 Home Sales As you will note this last month, 8 homes successfully closed escrow with average price point of approximately $503,000. Portola Hills August 2014 Home Sales In 2014, 5 homes closed escrow, with an average price point of $490,000.    Comparing the two years in regards to pricing we saw a 9% increase in the sales prices .   Still outpacing Orange County as a whole, but down from the double digit price increase we saw in June and July. With the last quarter, anticipated homes sales, can slow down

Are you thinking about selling your home this spring...  Below is a quick list of issues that home sellers run into during the process.. Either over estimating or in under valuing the list price of their home. Failing to disclose material facts about their home that adversely affect desirability or value. Not properly staging their home. Not making their home easily accessible to agents to show. Starting out with an inflated asking price, not understanding the negative impact of later price adjustments. Emotionally overacting to an initial offer. Thinking that subsequent offers will be better then the first offer. Excessive conversations with the buyers and/or buyer’s agent. Letting small things in the negotiations or transaction become big things, while losing site of the bigger picture. Not using Kelly Turbeville to represent them!   Gotta have a little fun right ! I would also have to add, not strategically looking at the market and timing as to when is the best ti

Can you believe it.... we are already in the second month of 2015..  The holiday hangover is over and home buyers are anxiously waiting for spring with anticipation of new beginnings.. January home sales are typically quiet and this year was no exception.   The number of homes that sold in Portola Hills was a total of five, exactly the same for 2014.. Below is a quick look of the homes that closed escrow in Portola Hills from January 1 through the 31st, 2015. Portola Hills January 2015 Closed Sales Wondering how this compares to January 2014... take a look below.   Portola Hills January 2014 Closed Sales Did you notice the difference pricing... This is why January and early spring is always a great time to sell.  Listing inventory is low... Buyers are anxious to move now that the holidays are over and with the lower interest rates, buyers have the ability to buy more for their dollars. Inventory typically starts to increase between March and May.. so if home se