Portola Hills Market Snapshot September 2013
Can you believe it is the 1st of October already!! The air is cooling, well maybe the night air, the kids are back in school and homes are getting set for the holidays. Traditionally September is a quiet month for real estate as most people want to get settled before the school year begins. This year was no exception which is a little of a surprise as the inventory in south orange country remains very low.
Below is snapshot of the last 24 hours. 1185 homes came on the market between new listings and homes that fell out of escrow. Yet 2508 homes went off the market. Demand for homes is far out reaching supply. Below is a snapshot of the real estate transactions for Orange County
It's quiet here in Portola, only 5 homes sold in September. Below is a breakdown of what closed escrow.
The sellers market is still very strong! Though more inventory has come on the market the buyer demand is much stronger. If you are considering a move, let's grab a cup of coffee and review the possibilities. You could be in your new home before the holidays!!