Showing posts with the label Low Inventory

Portola Hills April Home Values

It's May, yes May and the Portola Hills real estate market is moving along at quick pace.  April in general is a quiet month for real estate and this can be seen with only 4 homes closing escrow in April.   However, we did see an increase in the number of new listings that came on the market.  Currently there are 8 active properties on the market. Below is a our monthly snapshot info-graphic for Portola Hills.   Overall inventory levels in South Orange County are extremely low.   We did have a jump in new listings in April, but they are selling quicker than new homes coming on the market.  The average days on the market in April was 11.   Buyer demand is very high, especially for the condo market and homes priced under the median price of $700,000.  If you are thinking of a move, now is a great time to take advantage of the low inventory and get top dollar for your home.   Let's grab a cup of

October 2013 Portola Hills Real Estate Recap

It's getting cooler outside, there is a slight chill in the air, is it the same for Potola Hills Real Estate?  The summer rush certainly has slowed, with homes staying on the market a bit longer then they did in the summer months, but I don't believe that is a real reflection of a cooling market. Did the government slow down effect sales, possibly, certainly took longer to get details processed but I didn't see it affecting buyer motivation.  Traditionally sales tend to slow in October, kids are back in school, people want to be settled for the holidays seems to be more of the case. However in my experience this is the perfect reason to list now as inventory typically drops off. For us in Orange County, the inventory is still incredibly low, homes priced right will bring out the serious buyers who want to be in their new home before the holidays, allowing move up buyers to do the same!! Below is snapshot of what sales closed in Portola Hills for October! When I a

It's hot, hot, hot in Portola Hills - Real Estate Sales April-May 2013

As we enter summer in Portola Hills, all signs for the real estate market are hot, hot, hot!  Low inventory, high buyer demand are the key factors keeping this market hot!! Typically this time of year we see an increase in listing activity but all over Orange County the number of new listings is down.  Overall the economy is improving, prices are up but some homeowners are still siting on the fence...  Maybe waiting for price increases, maybe repairing credit after taking hit, the answers are in the hands of homeowners, but one thing is certain those who have decided to sell are receiving top dollars for their home. If you are considering a move and looking to move up into that dream home then you will want to keep in mind with the continued low interest rates and high buyer demand you truly have entered the perfect storm to sell and buy your next home. Portola Hills April-May 2013 Closed Sales   In April and through today, 9 homes have sold in Portola Hills.  On the snapshot