PORTOLA HILLS LIVING by Kelly Turbeville

Below is a quick snapshot of the Portola Hills Real Estate Market: Active Properties/Average Price: 6 Inventory ranges from a Paired Single Family home listed @ $485k to an Estate home listed at $1,200,000. Averaging out 5 bedroom / 3 car garage / 2860 sq. footage equally a price per sq. foot of $272.89 or an average price of $780,466. There currently are no condo's active on the Portola Hills market. Closed Properties /Average Price: 32 Condo's: 20 homes have closed escrow since Januarary 2009. 3 bedroom / 1 car garage /Average Sq. footage 1119 = $259. price per sq. foot or an average price of $290,134 . Single Family Residences : 12 homes have closed escrow since Jan. 2009 = 4 bedroom / 3 car garage/ 2440 sq. ft = $245.19 price per sq. foot or an average price of $587,775 So the question begs to be asked is it a good time to list your home? If you are an equity seller that is realistic about the current market and can accept where the pricing is. It is a great time

What a year 2008 was in real estate and I am sure you are like many others looking forward to 2009. We can't move forward without saying goodbye to the past so here is a look at how the 2008 closed. If you would like a copy of this report please contact Kelly today!

Portola Hills eNews New On the Market Property Details Price Comments 28474 Porsena Way 2 bed/2bath/940 sq.ft. 2 car attached garage $299,900 Investment Potential 28906 Canyon Hts. 3 bed/2 bath/1130 sq.ft. $299,999 28463 Klondike Dr . 3 bed/3 bath/1216 sq.ft. $355,000 28890 Canyon Hts 2 bed/2 bath/ 1087 sq.ft. $399,000 28751 Vista Santiago 3 bed/3 bath/1623 sq.ft. $579,000 Beautiful View 28541 Brookhill 4 bed/3 bath/2500 sq.ft. $735,000 19492 Jasper Hill 5 bed/3 bath/3200 sq.ft. $879,000 Sold Properties

Portola Hills eNews New On the Market Property Details Price Comments 19525 Arezzo 2 bed/2bath/1100 sq.ft. $324,900 19271 Echo Pass 2 bed/2 bath/100 sq.ft. $435,000 28651 Pendleton 3 bed/3bath/1500 sq.ft. $469,900 Bank Owned and a Steal 28571 Shady Ridge 4 bed/3 bath/2400 sq.ft. $734,900 19222 Red Bluff 4 bed/4 bath/3100 sq.ft. $894,000 Sold Properties 28372 Harvest View 5 bed/4 bath/3100 sq.ft. $775,000 Someone got a Deal 19651 Dorado Dr . 5 bed/4 bath/3500 sq.ft. $840,000 Market Upda

Wow, can you believe it, we are almost half way through 2008. What a year in the Real Estate market, there is no denying Portola Hills has been hit just like everywhere else in Orange County , but there is good news out there. Below is a quick look at the Real Estate market in Portola Hills. Current Active Properties: 41 Current Short Sales: 12 Current REO (Foreclosures): 7 Currently In Escrow: 15 Number of homes sold YTD: 23 Condo Closed Sales: Amenities: 3 bed/3 bath/1100 sq.ft Average Sold Price: $344,000 Average Price per Sq. Ft.: $307. Attached SFR Closed Sales: Amenities: 3 bed/3 bath/1550 sq.ft. Average Sold Price: $461,721 Average Price per Sq. Ft.: $2