PORTOLA HILLS LIVING by Kelly Turbeville

If you have drove through Portola Hills, you will notice the building of the new communities is in full effect.   All positive for the community with the addition of new parks, shopping and trailways.  But how does it impact values   Below is a summary of what sold the first quarter of this year in Portola Hills.  As of this time no, new homes show closed in the last quarter.   However, currently there are 24 homes active in Portola Hills and 22 of them are all new builds.  This means the inventory is increasing, the area typically has less then 10 homes available this time of year. Below is a look at how the real estate market performed. If you are thinking of a move this year, now truly is the time to list your home.  As more inventory comes available this will impact your home.   Certainly we should see values increase but that really depends on the mix of homes and often times we see resales take a dip in pricing, until the sale through of the new homes is complete.

As you can see up the market continues to have price increases with the average price of a detached home in Portola Hills in September was $899,000 and for attached homes the average price was $473,000 up 11% from September 2016. What's the Value of your Portola Hills Home The big news for Portola Hills is the new development that are currently selling new homes.  The Oaks now in phase 4 and models opening soon for Iron Ridge.  Residents who are thinking of moving, should keep these developments in mind as competition.  In order to capture the buyers away from these homes, your home will need to be presented beautifully and priced well.  After about a year, resale homes will be able to take advantage of these sales in your pricing strategy. Exclusive Portola Hills Home Search If you are thinking of a move, don't hesitate to  give us a call.    Our goal is to develop a marketing plan that brings you top dollar for your home.  We just put into escrow a great

Our listing at 28385 Pueblo Dr, in the Montecido complex of Portola Hills has gone into escrow.  This lovely home was priced right at $485,888 and received multiple offers and went into escrow on day 3 of the listing! Congratulations to our Sellers!   This home was a must see! Upgraded, move-in ready and a great value for first-time homebuyers, emptynester's and Millennial's alike! Its charming 2 story, 3-bed, 3-full baths (with bed/bath on ground floor and 2 master suites upstairs), 1300 sq ft. boasts high cathedral ceiling and over-sized windows making it bright and airy. It has a big, private backyard for summer BBQs, as well as an attached, direct access 2 car garage. Some of the features include upgraded kitchen, refurbished bathrooms, laminate wood floors, newer carpets, new garage door and water softener, just to name a few. Nearby shopping, restaurants, toll road, walking trails and walking distance to award winning schools. Low HOA dues and NO MELLO ROOS! 

Hard to believe we are half way through the year in 2017.   Time sure does fly by, so I hope you have been able to take some time and enjoy summer.   We have been busy with real estate as the market hasn't slowed down one bit, which is not typical for this time of year.  July and August are generally our slower months, as buyers and sellers are distracted by summer fun.    Below is a look a how the real estate market performed in July in Portola Hills. As you will note pricing is up 6% from this time last year, we also have more homes on the market with 15 vs 9 in 2016.  Homes are taking on average about 16 days to sell in Portola Hills.   However, I would anticipate that creeping up in August as summer distractions kick in high gear in August with last minute vacations and back to school. What's the Value of my Portola Hills home? Looking at the active inventory available in Portola Hills currently it is good to see more homes come on the market in the $4

Yes, I said it!  End of summer... Can you believe we are entering into August in two days!  It has been a great summer but if you haven't had a chance to get out and enjoy the community, take a peek at the list of events we put together for community happenings throughout Orange County.. Garden Grove Free Summer Concerts    Through Aug. 10 The Garden Grove Community Foundation and the City of Garden Grove bring the Free Summer Concert Series. Food is available for purchase. No EZ-Ups, umbrellas, or golf carts allowed. Dogs are allowed, if they are on a leash.  Thursdays 6:30-8:30pm / Eastgate Park 714-741-5000 / www.ci.garden-grove.ca.us Cypress Concerts on the Green    Through Aug. 12 Festival seating, picnics, families and lawn chairs encouraged. Food and desserts will be available for purchase at all concerts. Alcohol and smoking of any kind are prohibited. Saturdays 6pm / Cypress Civic Center/Library/Tennis Courts 714-229-6700 / www.cypressca.org Irvin

You have heard the rule of supply and demand and it is certainly a factor in our latest market review for Portola Hills.  Below is a look at how the market finished up and as you will note, we saw a 16% increase in values from May 2016. The above numbers are consistent with the overall Orange County market when I look at Detached Single Family homes.  However, on the condo  i.e. attached market, pricing is behind the rest of the county, where the average price of a a attached home was $477k. Search Portola Hills Homes Opportunity is certainly available for home owners thinking of selling in Portola Hills.  Homes that are priced well, in showing condition and available are receiving multiple offers.   July is the transition time for the market as summer distractions take their hold on the market, but with the low inventory opportunity is still present! What's the Value of my Portola Hills Home? Let's grab a cub of coffee and review your home selling needs