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Showing posts with the label Portola Hills Real Estate Market

Will there be a Spring rush of Home Sales in Portola Hills? March 2013 Real Estate Snapshot

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Shhhh....  It's quiet in Portola Hills and we are not just talking about the tranquil neighborhoods.  We are talking about the real estate market.  Typically March in the Saddleback Valley we see an uptick of homes coming on the market.  The inventory at the end of the 2013 was at an all time low, we saw about a 7% increase in inventory after the holidays. However, here in the Saddleback Valley and especially Portola Hills it was Quiet!! Reports indicate the market is heading back to 2006 levels  so looking at the number of homes that sold this time in 2006 (17) vs. what has sold this month (6), you can see it is pretty quiet.  Over the last few years the average number of homes sold in March is about 10. The good news here is for Home Sellers.  When the inventory is low and the buyer demand is high that means it's a sellers market.    The rule of supply and demand wins! Below is a summary of what sold in March in Portola Hills: Mar...

Portola Hills April Real Estate Snapshot!

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Wow, wow, wow, the Portola Hills Real Estate Market took a turn in April and it was a good one.  What happened..... What happened.... you might be wondering...   12 homes closed escrow!! Bigger news there are only 7 homes available to purchase in Portola Hils right now! Check out the numbers: Active Listings: 7 Attached: 2 homes Listed: Amenities: 2 Bedroom, 2 Car Garage Average Sq. Footage: 1096 Average Price: $292,450 Days on the Market 71 Distressed factor: 50% Detached: 5 homes Listed: Amenities: 5 Bedroom, 3 Car Garage Average Sq. Footage: 2667 Average Price: $617,700 Days on the Market 200 Distressed factor: 60% Sold Properties: 12 Attached: 11 homes Listed: Amenities: 2 Bedroom, 1 Car Garage Average Sq. Footage: 1166 Average Price: $260,950 Days on the Market 50 Distressed factor: 99% Detached: 1 homes Listed: Amenities: 5 Bedroom, 2 Car Garage Average Sq. Footage: 2400 Average Price: $534,000 Days on the Market 0 Distressed factor: ...