Showing posts from May, 2021

Just Listed 33 Enfilade, Foothill Ranch by Realtor Kelly Turbeville

 We just listed a steal in Foothill Ranch and with only two single family homes on the market in Foothill Ranch, we don't anticipate it being available for long.  Plus it is just lovely.  Check out the details. Love to Entertain? You are going to love this Pool Home! You'll be ready to dive in, just in time for summer! This home shows pride of ownership with 4 Bedrooms, 2.5 Baths, lovely Tumbled Tile and Wood Flooring with Plantation Shutters throughout. Updated Kitchen with newer Maple Cabinets, Granite Counters and updated newer Appliances. Open to an expansive family room with fireplace and built-in buffet and wine refrigerator. Beautiful windows and bay seating makes this space light and bright and provides an indoor-outdoor California living experience overlooking the rear yard. On your way up the stairs you'll note a beautiful updated custom iron stair railing, leading you to the 4 Bedrooms on the upper level. A massive primary en-suite, you are going to love the addi

$766,000 in extra equity received by Portola Hills Sellers in April

Yep you did read that right!  Each month we do a deep dive into the previous month of real estate sales in the community and we noticed a trend a while back as the market started to get a bit crazy that no one is talking about.  In our March review we noted sellers who sold in March received an estimated $366,000 in extra equity/profit.  In April that figure almost doubled!  Homeowners who sold in April received over $766,000 in extra equity/profit. The number is the total profit received for the area.  The average equity per seller was about $65,000. Historically April and May are the two busiest months of the year for real estate sales, so it will be interesting to see how much of gain Seller's will receive in May.  Below is a snapshot of the Portola Hills real estate market performed overall in April.  There are two details in the above report that give us the biggest clue as to why sellers received so much equity.  First there is currently less than a half of month of inventory