A year in review - Portola Hills 2013 Market Review
Hard to be believe we are finishing up the 1st month of the new year! The year is starting off strong for Real Estate; Home Buyers are out and about and we are seeing slight increase in new listings overall. However here in Portola the listings are still pretty light which brings opportunity for homeowners considering a move. Overall from 2012 to 2013, Portola was consistent with the rest of the market we saw about a 20% increase in pricing. Yay, Equity is building back up!! With that said it is important to look at each segment of the market so you can determine what the best move for your home is. In Portola Hills there are 3 Property Segments. The first is the Condo segment which are attached properties that range from 900 sq.ft to 1300 sq. 26 homes condo's sold in 2013 with the average sold price of $312k for just over 1000 sq. ft. The highest price point in 2013 was $408k for 1305 sq. ft. Below is snapshot of the condo market. Portola Hills Condo Sales