Showing posts with the label inventory

June 2015 Real Estate Market Recap for Portola Hills

Summer is in full swing here in Portola Hills and so is the Portola Hills Real Estate Market.   Foot traffic at open houses has been crazy... buyers are out and about.. why inventory is low overall in Orange County averaging about 21% decrease in listed homes from this time last year!!  Below is a quick look at the homes that closed escrow in Portola Hills last month!! June 2015 Portola Hills Sold Homes As will note the lowest priced home sold for $335,000 and it was a 2 Bedroom Canyview Condo.. The highest priced home was a JM Peters Estate home that sold for $1,100,000.The median price for the area is $454k and the days on the market are less then 30 at 24!!  What does this indicate?  Portola Hills is a sough after neighborhood for home buyers!!    Homes priced at fair market value, presented and marketed well are receiving multiple offers.   I do see some price discounts happening in the market which is a bit surprising with the low inventory.  Honestly not sure why

Has Spring Sprung in the Portola Hills Real Estate Market - Feb 2015 Sold Homes

Spring is typically the "Real Estate Season"..  for home buying and selling but did you know typically February is a key month in that strategy...  Why... When list your home in early spring you have the best opportunity to receive top dollar for it.  Inventory is low... Buyers Demand is High and today we all know interest rates are still at historic low levels... Starting in April/May when real estate data starts to hit the market Sellers think it is the best time to list.. It's the herd mentality... Hey look my neighbors house is sold... should we list ours and the signs start to pop up. Currently in the market we are seeing busy open houses, multiple offers and price increases.  If you are considering selling your Portola Hills home,  let's sit and create a strategy to ensure you take advantage of the best timing the market offers. Below is a look at what sold in last month compared to 2014.  The exact number of homes sold but the price per square foot for th