Portola Hills Real Estate, Community Updates and Events,
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Mid-Year Portola Hills Home Report
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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..
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.
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!
I just took a look at the market stats for the first month of 2024 and WOW, homes values increased double digits in January. Take a look at my full report below! Do you see that percentage home values increase in the first month of the year! 21%!! The average price of a single family home in January 2023 was $1,286,539 vs. today at $1,629,858. In January 24 the highest price home sold for $1,939,000 and the lowest price home was $599,000. Right now there are 7 active homes available in Portola Hills. If you are considering a move, make sure to check out my video on the Truth of when is the best time to list your home! Don't hesitate to reach out to me direct to review how we can help you achieve top dollar for your Portola Hills home! Check out my full video market recap below! If you are considering buying a home in Portola Hills, make sure to get a copy of our Portola Hills Home Buying Guide! ...
Montecido in Portola Hills is a townhome community located in the community of Portola Hills , in the city of Lake Forest , California. The community consist of 300 units split into four floor-plans. Montecido Portola Hills As a previous resident of this complex and as a top Realtor for the area, I find this complex to be very appealing for homeowners and potential home buyers. In general the community is very well kept, Accell Property Management does an excellent job maintaining the community and the HOA fees are very reasonable. Amenities include: Pool Spa Tot Lot BBQ Clubhouse Workout Room The four floor-plans are very well designed and whether you are a single home buyer or a family, there is a good selection of styles for you to choose from. Below is a breakdown of the models: Masestro Carriage Unit: 2-Bedroom, 2-Bath, 1015 sq.ft with Balcony Yard Bellaza Townhome: 2-Bedroom, 2.5-Bath, 1052 sq. ft. with Patio Yard ...
SOLD! We just closed on this lovely home in Portola Hills, rather quickly I must say. After just 5 days on the market, multiple offers, we went under contract and closed in just 15 days! Setting a RECORD BREAKING PRICE OF $1,300,000! Is that too fast for you... Lol. Never fear along with our negotiations we negotiated a free lease back to give the sellers time to make their move! We always recommend a shorter escrow if possible as a lot can happen during a real estate transactions. Our clients, who after loving this home and neighborhood, made the decision to downsize, but we also understand that was not an easy decision.. especially with views like these! This 3 bedroom, Serenado paired home is a popular floor plan with over 1900 sqft. The minute you walk in, guest feel drawn to the open living space and expansive yard. Probably the largest yard in the tract. No wonder we set a record breaking price in the commun...
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