PORTOLA HILLS LIVING by Kelly Turbeville

Fall has begun...the nights are a bit cooler and people are thinking about the upcoming holidays... So does how does this translate to the real estate market. For the first month of fall 9 homes were sold were in Portola Hills slightly down from 2013 where 11 homes were sold. Looking at the median price sold there was a 8% increase over last year! Below is a snapshot of what sold in October: Portola Hills October Closed Sales A common question I get asked this time of year is it really a good time to list your home.  Three reasons why it may just be the perfect time: Lower Inventory + Serious Buyers + Less Competition = Sold Success! If you are considering a move and would like to review timing to list your home don't hesitate to give Kelly a call!!!

Thinking about a move...and looking for a townhome with spectacular views... Then you have found it.  Check out our newest listing in Lake Forest and the community of Portola Hills. This lovely home boast Two Master Suites, Granite Kitchen, Wood Floors, Decorator Paint and Remodeled Master Bathroom Plus a spacious Two Car Attached Garage. Asking Price: $395,000 Interested in scheduling a showing.. Give Kelly a call.  This will go fast!! 28476 Sassetta Way Living Room 28476 Sassetta Way Kitchen 28476 Sassetta Way Granite Bar Master Bedroom Suite w/View Master Suite Bathroom Master Bath  Wood Flooring Throughout Front Entrance Front Patio with Panoramic Views Sunset Views Views from the Saddleback Mountains to the Pacific Ocean

Can you believe it... August is over and summer is wrapping up.   Even though fall will be here in less then 20 days... the weather is still hot and kinda stagnant.. Which seems to be an accurate comparison to the Portola Hills Real Estate Market this month. In August the area saw a total of 5 homes sold compared to 9 homes sold in August of 2013.   As you can see prices are up... about 22% over 2013, but so are the number of days on the market.  Currently there are a total 25 homes active in Portola Hills with the average days on the market over 50.   So did a 22% price increase scare off potential buyers... possibly as inventory increased so does selection, but what is really interesting is overall Orange County still has very low inventory rates... So you may be wondering why there is a slow down.... it's simple... Pricing and Marketing are all required to bring in the right buyer.      As inventory increases, buyers are expecting to see competitive pricing from sel

As we enter the 2nd month of summer in Portola Hills, it's a bit hot and I guess we have to say steamy as the humidity is certainly up.    How does that relate to real estate....?  In July we did see an increase in pricing from this time last year for the 8 homes that sold but we can't really call it a steamy price increase. Portola Hills July 2014 Sold Properties. We also saw an increase in the number of homes listed on the market adding competition to the area.... Currently there are 21 active properties in Portola Hills, ranging in price from $275k to $950k. Portola Hills Homes for Sale July 14 Overall In Orange County we are seeing an easing of price appreciation with the increase in inventory.   With the increase in inventory and easing of appreciation this would indicate the market is slightly turning toward Buyers!!   However, important to keep in mind inventory levels are still below overall need. Should you be considering a move and would like to review

Someone turned on the faucet for closed real estate transactions in June with 16 closed escrows throughout Portola Hills. Below is quick look at what closed in Portola Hills. Attached homes: June 2014 Attached Portola Hills Home Sold Detached homes: Portola Hills Detached Home Sales The same can be seen overall in Orange County, homes are selling.   The median home price in Orange County increased 10.4% over last year and at $595.000.   We are also seeing homes stay on the market a bit longer.... Why when for months now we have heard there is not enough inventory.  Inventory has increased but is still far below a balanced market.  What has changed is that buyers are being a bit hesitant with the increase in pricing.  So homes that are listed a bit high are staying on the market longer. If you are considering listing your home for sale, it is critical to have a strong pricing strategy that will bring you top dollar for you home in the time frame you

Can you believe it, the Fourth of July is this Friday.   Whether you are staying close to home or venturing out, there are a variety of locations to catch the Fireworks show throughout the Saddleback Valley.  Get out and enjoy!!   Aliso Viejo Celebration and Fireworks:  Location Grand Park Live entertainment, food, beverages, arts, crafts.  Fireworks show at dusk!! Dana Point BBQ Buffet and Fireworks and Cruises:   Location Dana Point Harbor.   Irvine Concert on the Green and Fireworks:  Location Irvine High School Featuring Pyro musical sky concert, fireworks, food court, live music by Derk Bordeaux Group. Laguna Hills Location: 25555 Alicia Parkway Fun, food, carnival rides, games, live music and fireworks. Laguna Niguel   Location:  LN Regional Park (over the lake) 7:30 5k Run/walk, 10k run.  Pancake breakfast, live music by Family Style at Laguna Niguel Community Park Ladera Ranch Location: Founders Park 7:00 am 8th Annual Freedom run starts 5k/10k run. Panc

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