PORTOLA HILLS LIVING by Kelly Turbeville

Don't you love after it rains when you see a rainbow... If you have ever driven up the hill to Portola Hills you often see one.   I just got done looking at the numbers for how the real estate market did in Portola Hills in the month and February and it remained very strong, add a bit more equity to homeowners in the community.  While the number of transactions were down from 2023 to today,  5 in 2023 - 3 sales in 2024,  values were up over $1.5 million.  Take a look below at the our Portola Hills February Market Report!  WHAT IS MY PORTOLA HILLS HOME VALUE  Low inventory continues to drive the market, but different from the last few years in Portola Hills, there currently are not any new homes for sale.  That means, home sellers have the opportunity to capture all those price gains for yourself. The Oaks at Portola Hills, has advised they will start building again but those homes would most likely not be available until end of 2024 early 20...

 I just took a look at the market stats for the first month of 2024 and WOW, homes values increased double digits in January.   Take a look at my full report below!  Do you see that percentage home values increase in the first month of the year!  21%!! The average price of a single family home in January 2023 was $1,286,539 vs. today at $1,629,858.    In January 24 the highest price home sold for $1,939,000 and the lowest price home was $599,000. Right now there are 7 active homes available in Portola Hills.   If you are considering a move, make sure to check out my video on the Truth of when is the best time to list your home!     Don't hesitate to reach out to me direct to review how we can help you achieve top dollar for your Portola Hills home!  Check out my full video market recap below!  If you are considering buying a home in Portola Hills, make sure to get a copy of our Portola Hills Home Buying Guide!  ...

When I decided to get my real estate license... 20 years ago, it was super important for me to help clients find a home in an area they are going to love. I can't imagine living somewhere and spending so much time in an area that I didn't enjoy. Of course, things change and moves are made. But when considering a move, I really work with my clients to ensure they feel the energy of their new community. When I look back at my why I selected Portola Hills, I realize I actually manifested this area to live. I had looked at the area about a year before I moved. After one of those lovely breakups we have, I had to find a new place to live. I remember thinking, oh I loved that Condo in Portola Hills. 6 months later, I bought that exact model, it was the first home I bought. 9 years later, I felt the need to change, but even being in the business of real estate II had questions about if that was the right time to make a move. I then walked into an open house and knew.. I found my next ...

Wondering how the Portola Hills real estate market has done so far in 2022.  Well, April was a record breaking month!  But are we at the height of the market?  We are certainly in a shifting market.  What is shifting?  Interest rates have increased to about 5% and projected to be be higher by years end.  Plus we have seen an increase of new listings, but we are still below "normal" levels.  As we enter the summer months (which is typically the slowest months in real estate) opportunities will improve for the home seller who is looking to move up or downsize.  As demand (buyers) are away and listings increase through May, this offers you the home seller the opportunity to sell at top of the market and buy with less competition.  We are starting to see more Seller concessions. Below is a look it how the Portola Hills real estate market performed in April. Search Available Portola Hills Homes As you can see from the above numbers, the community ...

 So have you heard the 22 real estate market is starting off with a bang!  Overall in Orange County we have the lowest inventory on record.  Currently there are about 1200 homes available for extremely high demand throughout the OC.  In Portola Hills, we have about a half a month of inventory available.  So what does this mean... In order for us to have a more balanced market for buyers and sellers, we would need to have about 6000 homes available.  For the market to turn to a buyers market we would need about 8000 homes.  As you can see with the current inventory of under 1200, listings are needed, which is an amazing opportunity for sellers.  Especially if you are looking to make a move up, because right now interest rates are still low and we know they are projected to increase throughout the year. RIGHT NOW, provides the opportunity to sell high and save $$ on your purchase! Below is a look at how the Portola Hills real estate market performed...