Portola Hills May 2012 Real Estate Market Snapshot
Wondering how the Portola Hills Real Estate Market is doing? Is it true, a sellers market is upon us? Check out the #'s. Sold Properties: Attached: 5 Style: 2 bedroom / 2 bath Avg. Sq. Footage: 1287 sq.ft. Avg. Sold Price: $227,780 Days on the Market: 248 (Note: finally a home sold after being on the market 471 days) Detached: 2 Style: 3 bedroom / 3 bath Avg. Sq. Footage: 1475 sq. ft. Avg. Sold Price: $410,000 Days on the Market: 45 days Currently there are 11 active properties on the market. 4 attached properties and 7 single family homes. This averages out to be about a month in half of inventory currently active. A sellers market is generally less then 3 months of inventory on the market. The rules of supply demand prevail. It's a seller's market in Portola Hills.