PORTOLA HILLS LIVING by Kelly Turbeville

The Estates Portola Hills The Estates neighborhood is located in Portola Hills a community on the border of Lake Forest and Trabuco Canyon. The Estates are a Single-Family neighborhood that offers amazing Portola Hills views.  Located on the cross-streets of Malabar and Highridge, homes on this ridge provide amazing views to the Pacific Ocean and the Saddleback Mountains. The community consist of 142 homes and offers four floorplans with the following details: Graceland* - 4 Bedrooms, 3 Baths, 2271-2571 sq. ft, with a 3 car garage San Simeon - 5 Bedrooms, 4 Baths, 2821 sq. ft, with a 3 car garage Hermitage - 4 Bedrooms, 4 Baths, 3063 sq.ft, with a 3 car garage *This tract offers 4 rare single family homes in this tract. This tract falls into the Portola Hills II Association that offers many amenities, such as club house, gym, pool, spa, tot lot, volleyball, etc. Currently homes are selling between $750,000 to over $1,000,000.  Currently only One home is activ

Wondering how the Portola Hills Real Estate Market is doing?  Is it true, a sellers market is upon us?  Check out the #'s. Sold Properties: Attached: 5 Style:                                      2 bedroom / 2 bath Avg. Sq. Footage:                   1287 sq.ft. Avg. Sold Price:                      $227,780 Days on the Market:                248 (Note: finally a home sold after being on the market 471 days) Detached:  2 Style:                                      3 bedroom / 3 bath Avg. Sq. Footage:                   1475 sq. ft. Avg. Sold Price:                      $410,000 Days on the Market:                45 days Currently there are 11 active properties on the market.  4 attached properties and 7 single family homes. This averages out to be about a month in half of inventory currently active. A sellers market is generally less then 3 months of inventory on the market.   The rules of supply demand prevail.   It's a seller's market in Portola Hills.