Portola Hills Condo and Townhome Market Update
The Portola Hills community has a variety of condominium and townhome communities, ranging in price from about $400,000 - $575,000, these include Montecido, Bell Palermo and Canyon View. In addition, in 2019 two new communities came to the community in the Ironridge community, Copperleaf and SilverOak that are priced from $600,000-$750,000.
Looking at what sold in 2019, this segment of the market in Portola Hills was strong, but looking at pricing it trailed what is happening in other cities in the valley. Below is a comparison of what homes sold for in the Portola Hills, Foothill Ranch and Rancho Santa Margarita and overall values.
- Community: Style: Sq.Ft. Price: Days on the Market
- Portola Hills 2Bed/2Bath 1063 $443,589 54
- Foothill Ranch 2Bed/2.25Bath 1124 $471,352 51
- RSM 2Bed/2.35Bath 1192 $479,822 55
The most popular community in Portola Hill was the Montecido Community. This is actually one of my favorite communities when I work with Buyers. The floorplans are good, they all have attached garages and nice size yards. Plus it is rare to find, 3 bedrooms with 3 full baths in a Condo or Towhnhome. The community is well maintained and has a low HOA dues and is FHA approved.
|Montecido Homes Sales 2019
Looking at the Montecido complex, compared to overall condo/townhome pricing values are less. Which makes me question why? With the addition of the new attached homes in IronRidge to the community the buyer demand for Portola Hills is very strong. In addition, for Orange County any home priced under $500,000 is hard to find, so they are hot, hot, hot!
In order to get top dollar for your home, it must be presented professionally to buyers. This is especially true with new homes right down the street. Homes presented well, priced right and marketed to the right buyer should bring sellers multiple offers in today' s market. They certainly shouldn't be getting less!
As you select your Agent to sell your home, make sure they share with you how they determined values. Hyper local pricing is very important, but let's be honest if someone is looking at homes in Foothill they are most like open to homes in Portola Hills. Pricing should be fairly consistent between the two communities, if the amenities are consistent.
So as we like to say be careful who you list your home with!
If you are considering a move in 2020, don't hesitate to give Kelly a call. Understanding values is key to getting the most for your home and she will fight to ensure you receive top dollar! The GPS marketing system, looks at pricing, condition, amenities for the ENTIRE market, not just what sold last. As your go to Real Estate Team for all your property needs, Kelly and the GPS real estate group bring innovative real estate tools to their clients, service at the highest professional levels and years of experience in the Orange County Real Estate Market.
*we did not include an new homes in Iron Ridge in the above sales numbers as we were only looking at resale properties. Data was taken from CRMLS is deemed reliable but not guaranteed.