Showing posts with the label just sold portola hills

Kelly does it again...18950 Canyon Summit SOLD!!

This is the way I like January to start out, set's the tone for a good business year.   Our listing in the community of Portola Hills at 18950 Canyon Summit, Trabuco Canyon 92679 just closed escrow and I have a happy home seller and lovely couple has their 1st home!  To give you an idea about the current market, this home was  a 1000 sq. ft. Condo, listed for $290k.  We received multiple offers within the first 3 days on the market and settled with a 1st Time Buyer, at a price of $300k.  Yes, that is $10,000 over asking and we closed in about 35 days from start to finish! When I look at real estate comparables it always makes me scratch my head why one home sales at one price and others are listed or selling at a lower price or not moving at all? That was the instance with this listing.  Understanding the local market, which includes properties available, style etc is key to getting you the right price. If you are wondering the same thing, give us a call and let us

July 2012 Portola Real Estate Snapshot - It's Hot!

Real Estate is local and that is why I like to keep these reports up to date on what is currently on the market as well as what has recently sold specific to Portola Hills. The market has changed.....It is certainly a sellers market.  The low inventory on the market and the high buyer demand is what is making this happen, but let's not forget interest rates are a 50 year low. Take a look at how July ended for Portola Hills! Current Active Properties: 4 - Yes only 4 Attached: 2  Style: 2-Bed/2-Bath Average Sq. Footage: 782 Average Listed Price:    $210k Average Days on the Market:  34 Detached: 2 Style -5 Bed/4-Bath Average Sq. Footage: 2900 Average Listed Price:  $742k Average Days on the Market:  33 Sold Properties:  Attached: Style: 2-Bed/2-Bath Average Sq. Footage: 1080 Average Sold Price:    $256k Average Days on the Market:  103 days Detached Style: 4-Bed/3-Bath Average Sq. Footage: 2536 Average Sold Price:    $608 Avera