Portola Hills Jan 2017 Real Estate Market Review - What pricing went down?
Happy February 1st.. Yes we are officially in the 2nd month of 2017. The month of love... will love shine on the Portola Hills Real Estate Market in February? We will have to wait and see but currently with the low inventory overall and the high buyer traffic at our open houses I don't see why it wouldn't. Let's take a look at how the market performed in the first month of 2017: Jan 2017 Portola Hills Real Estate Sales Report Looking at the numbers, do you see that negative 5%.. yes me too and I probably had the same reaction you are having here. Wait how can the value go down when all I am hearing is pricing is up? OK maybe it is the mix of homes.. nope that doesn't work in this scenario as the mix of homes was almost identical, 4 condo's and 1 single family attached home closed. In 2016 exactly the same but the 8 homes sold. In 2016 the median price of home was $457k and as you can see above, this last month it was $435k. So why.. it&