Showing posts with the label How is the Portola Hills Real Estate Market

Portola Hills Real Estate is Hot, Hot, Hot in August!

 The Portola Hills real estate market was hot, hot, hot and we aren't talking about the weather. Sales Prices and Sales Volume were both up from the same time last year. With record breaking pricing in the Montecido community.  The highest price sold for a 3 bedroom, 1300+ townhome in the Montecido community was sold for $622,000.  When home buyers come up the hill to preview townhomes in the Ironridge community the Montecido community offers a great value, which in turn is driving up pricing of this community.  As well, inventory is very low throughout South Orange County. Below is a look at how the Month of August performed in Portola Hills. Search Portola Hills Homes If you are thinking of making a move, this is the market you have been waiting for!  Interest rates are hovering between 2-3%, which provides you the ability to purchase your move up property for less.   Please don't hesitate to give Kelly Turbeville a call to review if now is the right time for you to make a mo

Values and Volume up in Portola Hills during Covid 19

Who says people don't buy homes during a pandemic?  Looking at the real estate market this past July for the Portola Hills community, sales volume increased 38% from the same time period in 2019, buyer demand is extremely strong! Though there are concerns with unemployment, the rest of the market is pretty strong in the OC.  My interruption from working with clients is, all this time at home is highlighting what doesn't work in their current home. That, along with the low interest rates,  strong equity position, sellers are looking to sell and move up to their dream home.  Also, those who rent see that with the low interest rates it is literally cheaper to buy right now! Finally home represents security and I think we all are looking for a bit more of that in our lives these days.... would you agree? Below is a quick snapshot of how the real estate market preformed in July: What's my Portola Hills Home Value With interest rates hovering below 3% this has become the real est

How is the Portola Hills Real Estate Market?

We took a quick look at what is happening in the Portola Hills real estate market so far in the month of June.  Typically as we enter June, the real estate market starts to slow down; people are focused on finishing school and making vacation plans.  But with COVID-19 and people being home for the last three months, we are seeing the real estate market pick up! Below is snapshot of real estate activity in Portola Hills since June 1st. As you can see in Portola Hills there are.  5 New Listings 8 Homes went Under Contract 2 Homes Sold 2 Coming Soon What is important to note, here is the number of homes moving into escrow and closing as it is greater then the number of new homes coming on the market. This is important as it reflects, buyer demand!  Demand is strong across the county.  But especially for homes priced under $700,000.  Low Interest Rates + High Buyer Demand + Low Inventory, makes it the ideal time to be a move up buyer.  Feeling cramped in your home, since the stay at home o