PORTOLA HILLS LIVING by Kelly Turbeville

If I had to describe in one word how the Portola Hills real estate market performed in 2021...it would be Crazy.. AF (well technically that is 3 words abbreviated).  Below is a video recap of the details. Take a listen and for more details, you'll find the complete report below.  What is the value of my Portola Hills Home? In 2021 there were 185 sold properties in Portola Hills, pretty much split between Single Family Homes and Attached homes.  Fun fact, in 2020 93 single family homes sold and in 2021 the exact same number sold.  Interesting the value of homes both Attached and Single Family homes, grew 15% from 2020. It is important to note that this is overall, your home may have had more or less, depending on the community, conditions and recent sales specific to your home.  If you would like a report for your home specifically, please do not hesitate to request a Home Value Report here . Search Portola Hills Homes If you are considering a move in 2022, please do not hesitate to

  We took a look at the current real estate market and we only have 1 wish for Santa this Christmas... More Listings please!!  Overall, in the OC inventory is at record lows.  We are entering unprecedented levels when it comes to the number of homes on the market and available to buyers.    So we anticipate the market to remain strong in 2022, but there are a couple of factors that you should be aware of... but first let's look at how the Portola Hills real estate market performed last month.  As you can see in the above report the Portola Hills real estate market is extremely strong.  Currently there are only 6 Active Listings and 27 properties under contract.  That means we have less than half a month of inventory for prospective buyers.  With the majority of those homes, being new homes in IronRidge and Portola Oaks. The 3 hottest neighborhoods that sold in November were: Montecido at an average price of $590,000 Serenado at an average price of $885,667 IronRidge at an average p

We are sure you have heard, the OC real estate market is hot, hot, hot!  In this months monthly market report we went a bit further to understand exactly how hot and we thought this was important for our clients to know.  In March, sellers who sold their Portola Hills homes, received an additional $365,000 in profit.   What does this mean? This is the profit sellers received above their listing price!  Example: A Live Oak Canyon Home Pool Home Listed for $1,099,000 Sold for: $1,150,000 Extra Profit: $51,000 It is accumulative, but looking at what $$ sellers received they averaged about $30,000 over list price.  It's also important to note; not all sellers received this, some homes sold at list price or sold just slightly over list price. This is one of the reasons we say be careful who you list with.  In order to achieve higher profit results, we highly recommend working with an experienced agent who has navigated this type of market before.  Below is a look at the overall Portol

We bet you're happy 2020 is behind us!  What a crazy year, is all we can say!  We hope that you and your families were not impacted to harshly by it.  We took a look at how 2020 impacted the Portola Hills Market and all we can say is, who would have thunk (yes thunk) the real estate market would have been so strong!  I guess all that time at home, sparked buyers ideas that it is now time to move!  Did you make a move, or think you would like to? Below is a snapshot of how the Portola Hills Real Estate market performed for the the entire year!   What is the value of my Portola Hills Home? Overall the Portola Hills real estate market was very strong with 18% in sales volume from 2019, with 172 homes sold in 2020.   The most expensive home sold in the community was for $1.8 million in The Oaks and the least expensive was $335,000 in the Canyon View community.   Home values were up in both single-family and attached homes, but we have to look at this with an objective eye, as many of t

The Portola Hills community has a variety of condominium and townhome  communities, ranging in price from about $400,000 - $575,000, these include Montecido, Bell Palermo and Canyon View.  In addition, in 2019 two new communities came to the community in the Ironridge community, Copperleaf  and SilverOak  that are priced from $600,000-$750,000.  Looking at what sold in 2019, this segment of the market in Portola Hills was strong,  but looking at pricing it trailed what is happening in other cities in the valley.  Below is a comparison of what homes sold for in the Portola Hills, Foothill Ranch and Rancho Santa Margarita and overall values. Community:           Style:                  Sq.Ft.           Price :            Days on the Market Portola Hills        2Bed/2Bath          1063          $443,589              54 Foothill Ranch    2Bed/2.25Bath     1124           $471,352              51 RSM                   2Bed/2.35Bath     1192           $479,822              55