PORTOLA HILLS LIVING by Kelly Turbeville

The sun has set on 2016 and as we look to 2017, you might be wondering how did the Orange County, California Real Estate Market perform overall?   Throughout the year we heard in the media, prices were up, it's a sellers market, buyer demand is strong and the good news continued.. But what did all that really mean when you look at the numbers?  Below is a review from the  Orange County Association of Realtors   at how all the numbers shook out in 2016. We will split this out into two segments:  Detached homes and Attached homes:    We highlighted some key points, but let's further explain. Median Sales Price in Orange County, California for a Single Family Detached Home was $740k and that was up 5% from 2015.  The Average price was near a $1m. Leaving a real need for Single Family homes priced below that median of $740k.  Opportunity is knocking for homeowners in this price range. Sales Volume in 2016 was almost identical from 2015 with a slight increase of 278 home

Wondering what the Real Estate market is doing in Lake Forest, check out this quick market snap shot! CENTURY 21 Award Lake Forest Market Conditions.

I would have to say the majority of residents in Portola Hills chose to move here for one simple reason, the canyon! Awe doesn't it make you want to take a drive! Wondering what how the real estate market is doing in Trabuco Canyon, check it out here !

Wondering how the real estate market in Lake Forest is doing? Click here for a quick overview. Lake Forest Real Estate Market Update When looking for Portola Hills real estate data it is important to consider the overall area. All real estate is local, but it is also driven overall by the outer market. The outer market for Portola Hills is unique, as the zip code actually falls under Trabuco Canyon. So it is important that the real estate agent you hire understand these two aspects when determining the market value of your home. Better yet, give us a call, we are here to help!

This is probably no surprise to the residents of Portola Hills who love it. But lately Portola Hills has been getting a lot of coverage from the Real Estate media. Why because the current low inventory and demand for the area, make it THEE Sought After Community in Orange County. Top 3 reasons, why you want to buy a home in Portola Hills. Location, Location,Location - What do most homeowners ultimately want in a home, that has views and beautiful surroundings, this is what Portola Hills is all about, with homes that offer a canyon like setting with views from the Saddleback Mountains to the Pacific Ocean. Value - When you look at homes throughout the Saddleback Valley and compare against the homes in Portola Hills, you generally get more sq. footage for the money along with homes on larger Lot's . In addition, mello roos for the area is relatively low compared to the neighboring communities. School - Portola Hills is part of the Saddleback Valley Unified School Dist

Just a quick look at where the inventory currently is at in Orange County California for today 8/25/09. Active Properties: 8848 = 3.36 Supply Closed Escrow: 7573 in the last 90 days As you can see the inventory is extremly low. Demand is high, inventory low, which we all now means pricing should be inching up. Of course, new to this phenom is the number of distressed properties. What does the market need. Equity Sellers! If you are considering a move up, now is a great time to advantage of the low inventory, high buyer demand and low interest rates, call Kelly today.