PORTOLA HILLS LIVING by Kelly Turbeville

What a great open house we had yesterday at 28562 Malabar Rd. in Portola Hills.  Had a moment to take a quick video of the view. Let us know what you think..

This lovely 4-Bedroom Home, in the Estates Tract in the community of Portola Hills, Lake Forest California is all about the awesome views.  What a perfect way to see them at a Twilight Open House. Kelly Turbeville will be holding this home open from 4pm-6:30pm Oct. 13th. With only three Single Family Homes on the Portola Hills market we don't anticipate this home staying on the market very long.  So make sure to come and check it out.

This is the View Home you have been waiting for..... 28562 Malabar Rd, in the community of Portola Hills. Sought after floor plan with 4 Bedrooms, 3 Bathrooms, Spacious Master Suite with Large Master Bathroom.  Tiled flooring throughout the Formal Living, Dining Room, Kitchen and Family Room.  Upgraded Kitchen with Ebony Wood Cabinets and Granite Counters, opens into the family room, with fireplace and lovely built-ins. Large 8000+ square foot lot with an Entertainers Backyard, New Built-In BBQ, Fire-pit, Tranquil Water Fountain and did I mention the Views! This home won't last long!  Priced to sell at $659,000. Call Kelly to schedule your showing! Call Kelly to schedule your showing!

Real Estate is local and that is why I like to keep these reports up to date on what is currently on the market as well as what has recently sold specific to Portola Hills. The market has changed.....It is certainly a sellers market.  The low inventory on the market and the high buyer demand is what is making this happen, but let's not forget interest rates are a 50 year low. Take a look at how July ended for Portola Hills! Current Active Properties: 4 - Yes only 4 Attached: 2  Style: 2-Bed/2-Bath Average Sq. Footage: 782 Average Listed Price:    $210k Average Days on the Market:  34 Detached: 2 Style -5 Bed/4-Bath Average Sq. Footage: 2900 Average Listed Price:  $742k Average Days on the Market:  33 Sold Properties:  Attached: Style: 2-Bed/2-Bath Average Sq. Footage: 1080 Average Sold Price:    $256k Average Days on the Market:  103 days Detached Style: 4-Bed/3-Bath Average Sq. Footage: 2536 Average Sold Price:    $608 Avera

Is it true, sellers are asking me, are home prices increasing.   The answer is yes with a question mark?  The mix of homes that sell within a given month will determine the average price.  In May there were some homes that were on the market for a very long time with 90% being distressed.  In June this changed and improved as there were a few more equity sellers, which resulted in the price per square foot for both attached homes and detached homes edging out higher. The #1 one thing driving the market right now, is the low, low inventory.  The rule of supply and demand is alive and well with Portola Hills real estate.   Low Inventory, High Buyer Demand provides Portola Hills sellers the opportunity to capture this increase in pricing.  How long will this window of opportunity be available, my crystal ball is a bit foggy with this market, however it is nice to see at the moment! Sold Properties: Attached: All signs are looking up!  Of course mix has something to do with i

It's Summer!   Below is a quick snapshot of some fun events surrounding Portola Hills.   Born Free Biker Show at Oak Canyon Ranch in Santiago Canyon Blues Festival at Irvine Lake Laguna Beach Sawdust Festival Lake Forest 4th of July Parade Mission Viejo 4th of Jully Street Faire Get out and enjoy!!

Wondering how the Portola Hills Real Estate Market is doing?  Is it true, a sellers market is upon us?  Check out the #'s. Sold Properties: Attached: 5 Style:                                      2 bedroom / 2 bath Avg. Sq. Footage:                   1287 sq.ft. Avg. Sold Price:                      $227,780 Days on the Market:                248 (Note: finally a home sold after being on the market 471 days) Detached:  2 Style:                                      3 bedroom / 3 bath Avg. Sq. Footage:                   1475 sq. ft. Avg. Sold Price:                      $410,000 Days on the Market:                45 days Currently there are 11 active properties on the market.  4 attached properties and 7 single family homes. This averages out to be about a month in half of inventory currently active. A sellers market is generally less then 3 months of inventory on the market.   The rules of supply demand prevail.   It's a seller's market in Portola Hills.