PORTOLA HILLS LIVING by Kelly Turbeville

 Wow... did that change quickly!  How did the real estate market in Portola Hills inventory jump up so dramatically in the last month.  Thank the new home buyers who purchased in the first phase of IronRidge and The Oaks and are know selling for top dollar.   Below is a quick look at the market!  The big news here is pricing continues to be high, which makes it a great time to sell.  However, demand has slowed down considerably and there is nearly 6 months of inventory in Portola Hills.  So sellers who are considering selling their home now, must be super competitive in two area, price and condition.  For further details on the market, take a quick listen to Video Report.  Wondering if the value of your home shifted... Get your FREE Home Analysis right here! 

Summer is in full swing here in Portola Hills and so is the Portola Hills Real Estate Market.   Foot traffic at open houses has been crazy... buyers are out and about.. why inventory is low overall in Orange County averaging about 21% decrease in listed homes from this time last year!!  Below is a quick look at the homes that closed escrow in Portola Hills last month!! June 2015 Portola Hills Sold Homes As will note the lowest priced home sold for $335,000 and it was a 2 Bedroom Canyview Condo.. The highest priced home was a JM Peters Estate home that sold for $1,100,000.The median price for the area is $454k and the days on the market are less then 30 at 24!!  What does this indicate?  Portola Hills is a sough after neighborhood for home buyers!!    Homes priced at fair market value, presented and marketed well are receiving multiple offers.   I do see some price discounts happening in the market which is a bit surprising with the low inventory.  Honestly not sure why