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Showing posts with the label portola hills available homes

It's a Ho, Ho, Hot Portola Hills Real Estate Market

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  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

Portola Hills Mid-Year Real Estate Snapshot

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It always amazes me how fast the years go by and 2016 is no exception.  We are mid-year, so it is always a good time to take a look at how the overall real estate market has performed in Portola Hills thus far. The info-graphic below highlights the 2016 Portola Hills real estate market is certainly on an upswing thus far in the year. Looking at the above figures the low sales volume certainly is a driving force in the increase in pricing.  Inventory remains to be a key issue throughout South Orange County.   In July we typically see a turn in the market from the spring strides.  It's summer after all people are distracted.  The demand has been very good this year thus why we see such an increase in pricing.  We are also beginning to see a slight increase in the inventory and the expected market time is on the rise. Though Portola Hills Average Days on the Market is averaging about 40 overall in the county that has increased to about 79.  Leading us to a more balanc