Mid-Year Portola Hills Home Report

I don't know about you, but I am pretty shocked we are halfway through 2024.  There is so much going on around us in the world, I think it is truly speeding up time.   One area that is a bit quieter, well maybe the only aspect is the number of sales.. in the overall real estate market.  Other than that, there is a lot of talk around the real estate industry these days.

So let's take a look at how the Portola Hills real estate market has faired so far in 2024..  


Portola Hills Mid-Year Market Report

As you can see from the above illustration, the average sold price for Portola Hills is $1,417,173, that includes an average sales price for single family homes at $1,885, 308 and attached homes at $856,327.  These homes sold in average time of 27 days.  

What is the value of my Portola Hills Home

The number of sales so far in 2024 is down about 23% compared to the same time last year.  High Interest rates is impacting this the most and low inventory... But homebuyers in the area are still paying top dollar for homes.  

We just closed on 19561 Dorado Dr and received $101,000 over list price, after multiple offers and a quick 14 day close at $1,300,000 which broke community records.  Helps it was a lovely home with an amazing view!! 



Homebuyers did you know.. we typically see a lull in the market during the summer months.  With summer vacations in full effect and this year, so much going in the world.. this the perfect time for you to snatch up your dream home.  Good news, today rates have come down and there are plenty of options to bring the rates down further.  But it is important to note, the process of buying a home is changing, if you have questions how, don't hesitate to reach out to Kelly direct to go over the new changes. 

We have a great opportunity coming up in a Portola Hills..  It is a 2 Bedroom, 2 Bath with a Loft and rare 2 Garages... If you know someone looking to buy their first home or perhaps downsize, this is an excellent opportunity.  As we prepare the home for the market, if you have any questions, please do not hesitate to contact us to be kept up to date on availability! 
Location: Portola Hills, Lake Forest, CA 92679, USA

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