Portola Hills Real Estate Market and COVID19
Wanted to give residents a quick update on what is happening in the Portola Hills real estate market since COVID19 landed on Orange Counties lovely doorstep. The Portola Hills real estate market started 2020 in a very strong Sellers Market. With Inventory low and demand high! Low interest rates were bringing winter buyers out early. Below is a look at the how the real estate market in Portola Hills is doing currently. Year to Date Sales: 25 Homes Sales Average Specs: 3 Bedroom/ 3 Bath / 2018 sq.ft. Average Price: $789,158 Days on the Market: 34 Home Values up 20% from the same time period in 2019 Currently there are 20 active homes on the market, with 13 of those being new builds in IronRidge and The Oaks. There are also 5 homes in Hold status. The directive from the California Association of Realtors, is Realtors are not allowed to hold open houses or do any face to face showings until the stay is lifted. We are working to get further clarification if we