Portola Hills June Real Estate Recap - It's Hot!
The summer heat has hit Portola Hills and that is impacting the real estate market in a couple of ways. First the Portola Hills community continues to remain strong. Pricing remains high, with the average price of a Single Family Home in Portola Hills is $2,013,000 in June. The price for an attached home was $671,500. Sellers slightly received over their list price. Below is our full report! Portola Hills Available Homes Currently there are only 1.5 months of inventory available, which continues to drive pricing. Especially in Portola Hills as the majority of homes available currently are New Builds in The Oaks or IronRidge. As with the overall OC real estate market, Sellers are staying put, as they do not see a need to make a move and are loving their low interest rates. Home buyer demand is there and buyers are getting use to the higher interest rates but affordability is starting to impact purchases. Thus why we see less homes selling currently. Sales volume is down 32% i