Showing posts from June, 2020

How is the Portola Hills Real Estate Market?

We took a quick look at what is happening in the Portola Hills real estate market so far in the month of June.  Typically as we enter June, the real estate market starts to slow down; people are focused on finishing school and making vacation plans.  But with COVID-19 and people being home for the last three months, we are seeing the real estate market pick up! Below is snapshot of real estate activity in Portola Hills since June 1st. As you can see in Portola Hills there are.  5 New Listings 8 Homes went Under Contract 2 Homes Sold 2 Coming Soon What is important to note, here is the number of homes moving into escrow and closing as it is greater then the number of new homes coming on the market. This is important as it reflects, buyer demand!  Demand is strong across the county.  But especially for homes priced under $700,000.  Low Interest Rates + High Buyer Demand + Low Inventory, makes it the ideal time to be a move up buyer.  Feeling cramped in your home, since the stay at home o