PORTOLA HILLS LIVING by Kelly Turbeville

The Montecido complex located in the city of Lake Forest in the community of Portola Hills is a lovely townhome community that offers 2 and 3 Bedroom spacious floorplans. In addition many of the homes have good size yards with views. This is always a popular complex for condo buyers who are looking in the south eastern area of South Orange County. In terms of sales there has been 14 homes sold so far this year.  Below is a listing of the Montecido homes that have sold so far in 2015... Montecido Portola Hills 2015 YTD sales As you will note the lowest priced home was a 2 Bedroom, 2 Bath Carriage Unit which sold for $327k earlier in the year.   The highest priced home recently closed escrow at $467,500 and it was the largest model a 3 Bedroom, 3 Bath, 2 Car Garage plan. The median price per square foot is $337k, comparing this to 2014 it is up 1%. The median price for the Montecido complex was $333 in 2014 for the same time period and 17 homes sold. 

As I write this post the feeling of fall is in the air.  It's a cool 70 degrees out.  A welcome relief, I believe from the hot September we had.   It is also the perfect metaphor for the Portola Hills real estate market.   Don't forget to enter our Fall Door Decorating Contest!!  In September there were 12 homes sold in Portola Hills, that is up from 8 in 2014, which is a 34% increase in volume.   So you can say the market in September was pretty hot... just like the weather.   Below is a look at the homes that closed escrow in the community.  September 2015 Portola Hills Real Estate Sales As we enter October, we should certainly see the number of sales fall i.e. decrease.  This is typical for the fall.  Homes begin to stay on the market longer, though buyer demand is still strong, people tend to want to be settled in their new home before school starts and the fall/holiday festivities begin. That doesn't mean fall is a bad time to list your home. Homes