Showing posts with the label price per sq.ft.

Warming weather is heating up the Portola Hills Real Estate Market, or is it..

The weather is warming up and we are seeing the Real Estate market do the same in Portola Hills or are we?? May was a bit slower in terms of closed sales for the year but if you look below at the averages there was a 14% increase in Price per sq. foot. May 2013 Averages vs. 2014 Averages. 3 Bedroom @ 2011 sq.ft. = $278.02 per sq. ft  3 Bedroom @ 1717 sq.ft = $322.18 per sq.ft.  Of course mix plays a part in this but with the demand out pacing supply we should see this continue in the right direction. Below is a quick snapshot of what homes sold in the area during last month. May 2014 Portola Hills Sales Where we did see an increase was in the number of new listings.  Below is a look at what is currently available in Portola Hills.   As will note, some of these listings have been on the market for a bit, which I do find a bit interesting due to the low inventory overall.  Could this be a sign of the home not meeting Buyers Key Points....? Today's