November Home Values for Portola Hills
We have arrived at the last month of 2016! Can you believe it, man that was a fast year. Fast is the perfect segway of how the real estate market in Portola Hills performed in November. The average days on the market for homes sold in November was just 29 days. Who would buy a house in November or this time year with all the holiday stuff going on? This is often what we hear, but as we are in South Orange County and not hampered by the snow, etc. November is traditionally a fairly busy month in the OC for real estate. For the county, 2419 homes sold in November that is up about 20% from 2015. For Portola Hills the number of sales was up by one property but take a look at the price increases from 2015 below. Portola Hills November 2016 Real Estate Snapshot The average price of a single family home in November 2015 $693,000 but that was for a 2284 4 bedroom home. The price per square foot was $310. Now looking at 2016, the average home price was $624,000, but that w