I was searching for a home in Portola Hills for a potential home buyer today and wow it is certainly moving along at a fast speed this month. Currently there are only 3 homes available for sale in Portola Hills. On average monthly there are about 10 homes for sale. I put together this quick market snapshot video to give you an idea of what is happening in the market. If you are thinking about listing your Portola Hills home this spring or summer you might want to move up that move... The low inventory is providing sellers the opportunity to receive top dollar for their home. Now of course, today's home buyers know what they are looking for, so if homes are over market price and not presented well then home sellers may run into issues. But homes priced right, presented well and marketed are bringing in multiple offers. Ever wonder why that home hasn't sold yet as you were driving down the street? The first step in making that move is understanding
Showing posts with the label serenado
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The first month of 2016 has come to a close. I don't know about you but that was certainly fast. Wondering if that is an indication of how fast 2016 is going to move along. Maybe it's just age... that makes it feel like time is flying bye. In terms of the Portola Hills Real Estate market this past month was a bit quieter than the last two years. The reason... the number of homes on the market to sell was much less. Inventory levels are extremely low in South Orange County and currently there are only three active properties available. Below is a snapshot of what homes sold last month in Portola Hills: Portola Hills January 2016 Homes Sold The listings at Highridge closed $11k over asking price. This is great to see as I preview properties around South Orange County I have noticed the Portola Hills area is a great value for home buyers.. but maybe a bit under market for home sellers. The average price per square foot in the surrounding area is $3
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The first quarter of 2015 ended with a bang in Portola Hills. The number of sales was up 40% from March 2014. A total of 10 homes closed escrow in the area vs. 6 in 2014. Currently there are 13 homes available on the market. Below are the details of what sold. March 2015 Portola Hills Homes Sold With the current inventory of active properties there is a lack of inventory in the key price point between $450-$600k. This is a key price point for move up sellers and the millennial home buyer, which is the majority of homes buyers in the market today. If you live in the following Portola Hills communities: Montecido, Bella Palmero, Canyon Rim or one of the paired homes in Serenado and Sycamore Ridge you have a good opportunity to get your home sold today for top dollar currently. Please don't hesitate to give Kelly a call to review the current market and review a marketing plan that get's your home sold!!