Showing posts with the label multiple offers

October 2013 Portola Hills Real Estate Recap

It's getting cooler outside, there is a slight chill in the air, is it the same for Potola Hills Real Estate?  The summer rush certainly has slowed, with homes staying on the market a bit longer then they did in the summer months, but I don't believe that is a real reflection of a cooling market. Did the government slow down effect sales, possibly, certainly took longer to get details processed but I didn't see it affecting buyer motivation.  Traditionally sales tend to slow in October, kids are back in school, people want to be settled for the holidays seems to be more of the case. However in my experience this is the perfect reason to list now as inventory typically drops off. For us in Orange County, the inventory is still incredibly low, homes priced right will bring out the serious buyers who want to be in their new home before the holidays, allowing move up buyers to do the same!! Below is snapshot of what sales closed in Portola Hills for October! When I a

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