Real Estate Year End Snapshot for Portola Hills 2015
As we enter into the first month of January it's important to look at how the overall Portola Hills market ended. As noted in my previous blog post, Portola Hills real estate closed transactions in December ended the month with a home value increase of 6%. This is very consistent with the entire Orange County Real Estate market. Below is a quick look at the complete year. The highest priced home sold for $1.1 Million and the lowest priced condo sold for $270k. Portola Hills 2015 Real Estate Sales Summary The number of closed sales (Volume) was up 7% from 2014. Looking at the mix of properties the median price per home was up approximately 17%. Of course, I always like to note this is a summary of all transactions. Each property type, have different levels of appreciation. See our year end summary which includes each property type here Portola Hills 2014 Real Estate Sales Summary So what is on the horizon for 2016. Looking at the current low inventory