Portola Hills August Real Estate.. Buyers are moving but they are taking their time!
August was a quiet month for closed sales in Portola Hills, but there is a little more happening beneath the surface than the sales numbers suggest. Only three homes closed escrow during August , and those three sold quickly, averaging just six days on the market . At first glance, that might make you think homes are flying off the market. They’re not. The homes currently available for sale have been sitting for an average of 57 days , while the homes currently in escrow averaged 77 days on the market before finding a buyer. That tells us something much more interesting about the Portola Hills market. Buyers Are Making Decisions In my last market report, we were watching 37 homes available for sale in Portola Hills. Since then, 17 of those homes have gone into escrow. That is nearly half of the inventory we were watching. So while closed sales were quiet in August, buyers were out shopping. But they weren’t rushing. And that distinction matters, because for the past several yea...
