PORTOLA HILLS LIVING by Kelly Turbeville

 Hello Spring... The Spring Real Estate market is here.. be careful not to blink because it may be over before we know it.  Don't you agree time is moving so fast.  I was just taking a look at some numbers and there certainly has been a shift in the market, not necessarily a bad one. But it is important to understand if you are looking to sell your Portola Hills home or move to the community.   Take a look at our snapshot below..  The Orange County spring real estate market is off to a solid start! While prices in the first couple of months were slightly down from the highs of 2024, we've seen 10 homes close escrow, ranging from a stunning view pool home at $2.4 million to a cozy 2-bedroom condo at $624K. With interest rates coming down and open house traffic picking up, it's a promising sign for buyers and sellers alike. Remember, top dollar typically comes when inventory is low and demand is high — early spring is the time to make your move! There is a lo...

As we head into the November 5th election, we’re not just voting for a President and local Representatives. There are several important measures on the California ballot that directly impact homeowners, like Proposition 5! . At first glance, the wording seems harmless:   🙂 ALLOWS LOCAL BONDS FOR AFFORDABLE HOUSING AND PUBLIC INFRASTRUCTURE WITH 55% VOTER APPROVAL." But what does this really mean? 🤔   In plain terms, Prop 5 LOWERS THE THRESHOLD for raising taxes! Right now, it takes 67% of the vote to pass new bonds (which lead to higher property taxes). Prop 5 would reduce that to 55%. (Do we really want to give the legislature more control?) Translation: 🙃 it makes it easier for the government to RAISE YOUR TAXES by taking on more bond debt. This is also a DIRECT THREAT TO PROP 13, which caps property tax increases at 2% per year. California already has the HIGHEST TAXES IN THE NATION and a $58 billion deficit. Why give the state more opportunities to raise taxes...

I don't know about you, but I am pretty shocked we are halfway through 2024.  There is so much going on around us in the world, I think it is truly speeding up time.   One area that is a bit quieter, well maybe the only aspect is the number of sales.. in the overall real estate market.  Other than that, there is a lot of talk around the real estate industry these days. So let's take a look at how the Portola Hills real estate market has faired so far in 2024..   As you can see from the above illustration, the average sold price for Portola Hills is $1,417,173, that includes an average sales price for single family homes at $1,885, 308 and attached homes at $856,327.  These homes sold in average time of 27 days.   What is the value of my Portola Hills Home The number of sales so far in 2024 is down about 23% compared to the same time last year.  High Interest rates is impacting this the most and low inventory... But homebuyers in the area...

  SOLD!   We just closed on this lovely home in Portola Hills, rather quickly I must say.  After just 5 days on the market, multiple offers, we went under contract and closed in just 15 days!  Setting a RECORD BREAKING PRICE OF $1,300,000! Is that too fast for you... Lol.  Never fear along with our negotiations we negotiated a free lease back to give the sellers time to make their move!  We always recommend a shorter escrow if possible as a lot can happen during a real estate transactions.  Our clients, who after loving this home and neighborhood, made the decision to downsize, but we also understand that was not an easy decision.. especially with views like these!  This 3 bedroom, Serenado paired home is a popular floor plan with over 1900 sqft.   The minute you walk in, guest feel drawn to the open living space and expansive yard.  Probably the largest yard in the tract.  No wonder we set a record breaking price in the commun...

Are you a sunset chaser?  Love the idea of having friends or family over and want that indoor outdoor feel... You have to check out 19561 Dorado Dr. in Trabuco Canyon.   19561 Dorado Dr. Trabuco Canyon About this home When the current owner first stepped foot into this home, they knew it was something special. The soaring ceilings and expansive open floor plan immediately captured their heart, offering a sense of home and endless possibilities. But it was when they stepped outside and beheld the breathtaking view that they knew, without a doubt, they had found their home. And now, as they prepare to pass the torch to a new owner, their deepest desire is for someone else to experience that same rush of emotion, that same instant connection that makes a house a true home. From the moment you arrive in the serene Serenado Community of Portola Hills, you'll feel it too—the unmistakable sense of this is our home!  This charming two-story paired single-family residence is ...

 Looking for some fun things to do this weekend away from Portola Hills.  We put together a list of events in South Orange County...Not too far from home! Search Available Homes in Portola Hills Are you Irish... Do you celebrate the holiday, cook corn beef, make soda bread, drink green beer? With a bit of Irish heritage we celebrated the holiday.  My Mother made the best Corn Beef, if I say so (IMO). Here is a bit of History about St. Patrick's Day   Enjoy the celebrations but be safe!