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 orders? Don't hesitate to contact me to review your needs and goals.
Interested in finding out what homes are coming soon on the Portola Hills real estate market? Don't hesitate to send us a message and we will add you to our list of new homes coming on the market.
With the state opening up, we anticipate real estate to continue strongly. There is however a new process when showing homes. No open houses are allowed currently. All showings must be by appointment only with Safe Distancing practices followed at all times. Don't hesitate to contact us to review the new requirements and your goals.