Portola Hills Market Shift: What It Means for You

 Hello Spring...


The Spring Real Estate market is here.. be careful not to blink because it may be over before we know it.  Don't you agree time is moving so fast.  I was just taking a look at some numbers and there certainly has been a shift in the market, not necessarily a bad one. But it is important to understand if you are looking to sell your Portola Hills home or move to the community.  

Take a look at our snapshot below.. 
Portola Hills, Market Recap from Realtor Kelly Turbeville


The Orange County spring real estate market is off to a solid start! While prices in the first couple of months were slightly down from the highs of 2024, we've seen 10 homes close escrow, ranging from a stunning view pool home at $2.4 million to a cozy 2-bedroom condo at $624K. With interest rates coming down and open house traffic picking up, it's a promising sign for buyers and sellers alike. Remember, top dollar typically comes when inventory is low and demand is high — early spring is the time to make your move!

There is a lot going on in the overall real estate market... just this week..  Keller Williams teamed up with Stone Creek Capital, Rocket Mortgage is scooping up Redfin, and there’s buzz about Compass eyeing HomeSmart. Interest rates finally dipped after months above 7%, and the National Association of Realtors (NAR) is in talks with the Administration to increase the Capital Gains exemption to $500K for individuals and $1M for couples. Oh, and let’s not forget — 2024 had the lowest number of home sales in years, all while the industry was navigating regulation changes. 😳

Real estate really does touch everything — from Wall Street to Main Street. Buckle up, but don't worry, I will keep you informed and it looks like the market is heating up! 🔥

Location: Portola Hills, Lake Forest, CA 92679, USA

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