It's Summer! Below is a quick snapshot of some fun events surrounding Portola Hills. Born Free Biker Show at Oak Canyon Ranch in Santiago Canyon Blues Festival at Irvine Lake Laguna Beach Sawdust Festival Lake Forest 4th of July Parade Mission Viejo 4th of Jully Street Faire Get out and enjoy!!
Showing posts from June, 2012
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Wondering how the Portola Hills Real Estate Market is doing? Is it true, a sellers market is upon us? Check out the #'s. Sold Properties: Attached: 5 Style: 2 bedroom / 2 bath Avg. Sq. Footage: 1287 sq.ft. Avg. Sold Price: $227,780 Days on the Market: 248 (Note: finally a home sold after being on the market 471 days) Detached: 2 Style: 3 bedroom / 3 bath Avg. Sq. Footage: 1475 sq. ft. Avg. Sold Price: $410,000 Days on the Market: 45 days Currently there are 11 active properties on the market. 4 attached properties and 7 single family homes. This averages out to be about a month in half of inventory currently active. A sellers market is generally less then 3 months of inventory on the market. The rules of supply demand prevail. It's a seller's market in Portola Hills.
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This has been a common question I have been receiving lately from Home Buyers.... Where are all the Portola Hills homes for sale? That's right inventory is VERY low. However, as I was searching for a home for a buyer, I did find a little interesting tidbit, 5 Portola Hills homes currently active are listed in the wrong city. Now you might be thinking that is not a big deal, but put yourself in a home buyers seat, who is searching online at 9pm at night.... Buyers search by two main things.... Price and Location. They then drill down to neighborhoods and details such as school. Buyers searching for homes in Portola Hills and are not going to find these properties. So as a Home Seller you are missing out. Portola Hills Ariel View Interesting these 5 listings are all listed by out of the area real estate agents and have been on the market longer than any listing that is correctly listed on the market. In addition there were 3 sold listings listed in the wrong city. Wha