Portola Hills see double digit home value increase in 2023
HAPPY NEW YEAR! Can you believe it, we are officially in 2024! I personally can not believe how fast 2023 went. The real estate market in 2023 in Portola Hills was very strong! It actually outpaced the overall Orange County real estate market.
Below is our year end report that summarizes how the community performed, along with a spotlight on 3 popular neighborhoods.
Does it shock you the average price of Single Family home in Portola Hills is $1.6 million dollars and an Attached home, Condo/Townhome is $785,000. Home prices from 2022 to 2023 increased 15% in Portola Hills.
We are starting 2024 off with very low inventory, there are only 3 homes available at the time we wrote this report. My phone began ringing from potential Buyers when rates went below 7%, so I anticipate the early spring market is going to get a little crazy as rates hit closer to 5%.
If you are considering a move, let's chat about your goals and how I can help you achieve. Every January I put a list of homes together that may be coming soon. This is not a commitment list, but it does let me know who potential is interested in selling if they can get the price they want. As I receive Buyer inquiries its a simple review to see if your house might be a match! Reach out direct if you would like your home included!
For my full recap, check out my year end video on Youtube! We would love a like and subscribe if you are a Portola Hills resident!
We want to wish the community a wonderful New Year, filled with Abundance. If we can help you in away, we are just a message away.