Portola Hills.. Spring has sprung in the Real Estate Market
As we stepped into 2026, Portola Hills is showing movement. Interest rates have eased to 5.99%, and we’re seeing buyer demand pick up after a slower finish to last year. Inventory is heavier than we typically see at the start of a new year...partly due to a new phase release in The Oaks, ultimately giving buyers more options and sellers more competition. Below is a quick snapshot of how the market ended in January. J anuary closed with an average sold price of $1,253,273 in Portola Hills, with single-family homes averaging $1,671,000 and attached homes at $793,333. Homes are taking a bit longer to sell; 69 to 85 days on average, and we’re sitting at roughly five months of inventory. That tells us we’re in a more balanced market to start 2026. Buyers have options, but well-priced homes are still achieving strong list-to-sell ratios at 100%. The opportunity isn’t gone; as rates come down... Spring might be reflective of what we say in 2022? The numbers tell the story: more inventory...