There is no fooling how the new communities in Portola Hills are impacting pricing.
If you have drove through Portola Hills, you will notice the building of the new communities is in full effect. All positive for the community with the addition of new parks, shopping and trailways. But how does it impact values Below is a summary of what sold the first quarter of this year in Portola Hills. As of this time no, new homes show closed in the last quarter. However, currently there are 24 homes active in Portola Hills and 22 of them are all new builds. This means the inventory is increasing, the area typically has less then 10 homes available this time of year. Below is a look at how the real estate market performed. If you are thinking of a move this year, now truly is the time to list your home. As more inventory comes available this will impact your home. Certainly we should see values increase but that really depends on the mix of homes and often times we see resales take a dip in pricing, until the sale through of the new homes is complete.
