PORTOLA HILLS LIVING by Kelly Turbeville

As we venture into the summer months, the real estate market in Portola Hills is a bit quiet, but that is not much different from 2016 when you compare the two years together.   Overall inventory remains below demand and we know how the saying goes, low inventory, high demand = ? Portola Hills SFR/Detached Home Sales - April 2017 Portola Hills Detached Real Estate Values: Median Price of Detached Single Family Home in April was $980,000 and that is up over 9% from 2016. Inventory of available homes is just over 1 month. Days on the market is down to 43 days year to date Portola Hills Attached Home Sales April 2017  Portola Hills Attached Real Estate Values: Median Price of Attached Home in April was $455,000 and that is  down 7%  from 2016. Pricing year to date is flat. Inventory of available homes is just over 1 month. Days on the market is down to 46 days year to date As I look at the numbers and compare to the overall Orange County real est

It is going to be such a lovely day in Lake Forest tomorrow, the perfect weather on the lake and perfect weather to see homes.  As you are out and about in the community, make sure to stop in and see this lovely home in the Lake Forest Keys community.. If you have always wanted to live directly on the lake.. now is your chance!!  We will be open Sunday April 2nd at 1pm. 21745 Tahoe Ln, Lake Forest This is a SENSATIONAL WATERFRONT home with private dock, covered patio, and putting green located on the widest channel in the Lake Forest Keys! This 3 bedroom, 2.25 bath home boasts stunning panoramic views of the lake from the moment you walk through the front door. This beauty is newly painted inside and out with crisp and light updated colors, new flooring, updated kitchen with granite counters, stainless appliances, custom built-ins in the dining area with wine fridge included,and fresh landscaping. Upstairs the master bedroom has a walk-in closet, remodeled bathroom, a wa

We are well into 2017 with the first two months behind us and hopefully some of that rainy weather we had.  Both January and February were record breaking months for rain.  Though needed, due to the drought, I will confess I am happy the weather forecast for the next week ahead is sunny and warm!!  Time for some work in the yard and friends over! The weather is a perfect metaphor for the Real Estate Market.   The last two months, have been pretty static in Portola Hills and a little quiet... Like people are staying home with the fireplace on and watching the rain.  But as Inventory is very low, with only 1 a paired home available and 3 new builds in The Oaks community, the clouds have parted and the market is warming up!   Below is breakdown by style of pricing for January and February. The most expensive home sold in Portola Hills so far in 2017 is a 3700 sq.ft JM Peters home that sold for $1.150,000.   The least expensive was a 2 bedroom Canyon View Condo which sold fo

I meet so many people when I am holding open a home that come in from just driving around looking for signs of what homes are available. They may have seen online that a home was scheduled to be open but generally print out the details and walk in with a stack of paper and kinda lost at what home they are looking for or they have no information on the home they popped into. We understand that you as a home buyer want to do some research on your own and I encourage my clients to make sure if they are interested in a specific neighborhood to drive it...  I then send them a link for our custom property search mobile app.   Take a look... at our how to video on how to use the Property Search App. If you are interested in the App, reach out to us and we will send you the link directly.  As well, we will send you a our H ome Buyer eGuide.  It  is filled with useful information to help with maneuver through the home buying process. Search Available Portola Hills Homes

Happy February 1st..  Yes we are officially in the 2nd month of 2017.  The month of love... will love shine on the Portola Hills Real Estate Market in February? We will have to wait and see but currently with the low inventory overall and the high buyer traffic at our open houses I don't see why it wouldn't.   Let's take a look at how the market performed in the first month of 2017: Jan 2017 Portola Hills Real Estate Sales Report Looking at the numbers, do you see that negative 5%.. yes me too and I probably had the same reaction you are having here.  Wait how can the value go down when all I am hearing is pricing is up?  OK maybe it is the mix of homes.. nope that doesn't work in this scenario as the mix of homes was almost identical, 4 condo's and 1 single family attached home closed.  In 2016 exactly the same but the 8 homes sold.    In 2016 the median price of home was $457k and as you can see above, this last month it was $435k.  So why.. it&

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.