PORTOLA HILLS LIVING by Kelly Turbeville

Can you believe it.... we are already in the second month of 2015..  The holiday hangover is over and home buyers are anxiously waiting for spring with anticipation of new beginnings.. January home sales are typically quiet and this year was no exception.   The number of homes that sold in Portola Hills was a total of five, exactly the same for 2014.. Below is a quick look of the homes that closed escrow in Portola Hills from January 1 through the 31st, 2015. Portola Hills January 2015 Closed Sales Wondering how this compares to January 2014... take a look below.   Portola Hills January 2014 Closed Sales Did you notice the difference pricing... This is why January and early spring is always a great time to sell.  Listing inventory is low... Buyers are anxious to move now that the holidays are over and with the lower interest rates, buyers have the ability to buy more for their dollars. Inventory typically starts to increase between March and May.. so if home se

I finally got a chance to pop in and see the new townhomes being built in the former Auto Center area in Foothill Ranch.   The community is part of what is being called The Village of Foothill Ranch, which currently includes the El Paseo and Camden Square  communities and is designed to be a walk-friendly neighborhood near the Foothill Ranch Towne Center. The El Paseo community is a gated mobile court townhome community with six floorplans ranging from a 1-Bedroom Carriage Units to a 3-Bedroom 1795 sq.ft townhomes.  Prices start today at $371,800 for the 1-Bedroom up to about $570,000 for the largest 3 Bedroom model.    What I liked about the floorplans is they are open, light and bright with nice finishes.. Of course always remember when you are looking at model homes some of those finishes you fall in love with are all upgrades.  But the overall standard finishes are nice and meet today's energy efficient needs and trends the millennial home buyer is searching for.   O

Can you believe 2014 is over?   I am still having trouble with the idea it being over, where did the time go.... In terms of real estate we did see a 16% increase in the number of homes sold.  In terms of pricing Portola Hills saw an increase of 7% overall.  Below is breakdown of the details... Portola Hills 2014 Year End Real Estate Report As we enter 2015 the overall market in South Orange County continues to be sellers market but as spring approaches both inventory and interest rates are projected to increase... which means it will become a more balanced market for the remainder of 2015.

So today as I review the Portola Hills Real Estate market for November... I just ate a fortune cookie and it said... Allow yourself time.. you will reach success.. What a perfect metaphor for November real estate sales in Portola. Comparing 2013 vs. 2014 activity was certainly up.  In 2013 had a total of 7 sales and 2014 there were 13 sales...almost double. If you look at the price per square foot was slightly up at $309 per square foot overall. The Portola Hills market has overcome the negative effects of the downturn.. Portola Hills November Sold Properties 2014 Portola Hills November 2013 Sold Properties If you look at our recent sold property at 28476 Sassetta Way in Portola Hills this is a perfect example of how the market should be performing...  Homes that are priced right, available and present well are selling successfully today!! Kelly Turbeville Sold 28476 Sassetta Way If you are planning a move in 2015... let's grab a cup of coffee and review a

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