PORTOLA HILLS LIVING by Kelly Turbeville

The sun has set on 2016 and as we look to 2017, you might be wondering how did the Orange County, California Real Estate Market perform overall?   Throughout the year we heard in the media, prices were up, it's a sellers market, buyer demand is strong and the good news continued.. But what did all that really mean when you look at the numbers?  Below is a review from the  Orange County Association of Realtors   at how all the numbers shook out in 2016. We will split this out into two segments:  Detached homes and Attached homes:    We highlighted some key points, but let's further explain. Median Sales Price in Orange County, California for a Single Family Detached Home was $740k and that was up 5% from 2015.  The Average price was near a $1m. Leaving a real need for Single Family homes priced below that median of $740k.  Opportunity is knocking for homeowners in this price range. Sales Volume in 2016 was almost identical from 2015 with a slight increase of 278 home

The rain we are receiving is certainly providing some amazing sunset's as the incoming storms approach.  It is wonderful that Portola Hills sits above the valley of Orange County..  Take a peak at these beautiful and yet some what ominous sky as the rain approached yesterday. Portola Hills Sunset January 8 2017 January 8 2017 Portola Hills View Portola Hills Sunset View January 2017 Portola Hills Ocean View January 2017 Residents of Portola Hills are truly lucky to have some of the best views in Orange County.

Happy New Year Portola Hills Peeps.  Can you believe it 2017 is here!  As I always do, I like to take an in-depth look at how the Portola Hills real estate market performed for the entire year.   This review will include an overall look, as well break down the market into various property types to help you determine your Portola Hills home value. The biggest news of the year was sales volume.. do you think it was up or down in 2016?  Surprisingly it was down from 2015 levels.   81 homes sold in Portola Hills in 2016, while 107 sold in 2015 .   I will say 2015 sales volume was up significantly from recent years. Below is a look at the overall real estate market in Portola Hills in 2016. Portola Hills 2016 Real Estate Market Snapshot Keep in mind when you look at the above.. this is overall, this is looking at all homes that sold and averaging them out.    Below is a break down by property type and we will start with the Portola Hills Condo Market. Portola

Just a quick note to wish the residents of Portola Hills and throughout the Saddleback Valley, holiday greetings.  We hope your home is filled with love and laughter with those closest to you.. We believe a Home is a beautiful thing, especially at Christmas and are appreciative to all who we have helped with their real estate needs..

We have arrived at the last month of 2016! Can you believe it, man that was a fast year.  Fast is the perfect segway of how the real estate market in Portola Hills performed in November. The average days on the market for homes sold in November was just 29 days. Who would buy a house in November or this time year with all the holiday stuff going on? This is often what we hear, but as we are in South Orange County and not hampered by the snow, etc.  November is traditionally a fairly busy month in the OC for real estate.   For the county, 2419 homes sold in November that is up about 20% from 2015. For Portola Hills the number of sales was up by one property but take a look at the price increases from 2015 below. Portola Hills November 2016 Real Estate Snapshot The average price of a single family home in November 2015 $693,000 but that was for a 2284 4 bedroom home. The price per square foot was $310.  Now looking at 2016, the average home price was $624,000, but that w

We have created two very unique real estate reports for both home buyers and home sellers and guess what they are FREE!  Why... we know long before you call a Realtor in today's age, you begin to do some research.  So we wanted to help you review details that pertain to your home search or home sale. Our first guide is for the home buyer .  Whether you are a first time buyer, move up buyer or coming back into the market our FREE guide will help you be prepared and put you on the road to a smooth escrow. Things to consider when buying a home Our second guide is for the home seller . Whether you are selling your home for the first time or have sold other homes in the past this guide gives you up to date information relative to today's market.   In addition to these two reports, if you are considering a move and want to review the value of your home before you reach out to a Realtor, make sure to request our FREE Home Value Report. . Even if you aren't think

What a difference a year makes in Real Estate.  This past month the real estate market in Portola Hills took a dramatic pause.   What do we mean by a pause? Looking at the number of homes sold and comparing to the previous year; sales were down dramatically.  The area had only 2 closed escrows in the month vs. 8 in 2015. The two homes that closed escrow were in the Bella Palermo  complex; both condo's.  The good news of course... prices were up.  Below is look at what homes closed escrow in October. Portola Hills Condo Home Value: Oct 2016 Median: 3 Bedroom/1156sqft. = $436k or $378 per square foot.   Oct 2015 Median: 2 Bedroom/1014sqft. = $345k or $337 per square foot. Great news for condo owners in Portola Hills, from this time last year home values were up 21% in October!    Overall in South Orange County the Condo/Townhome market is extremely strong.   Supply of available homes is extremely low and demand is very high.  What is the Value of my Port