PORTOLA HILLS LIVING by Kelly Turbeville

We are well into 2017 with the first two months behind us and hopefully some of that rainy weather we had.  Both January and February were record breaking months for rain.  Though needed, due to the drought, I will confess I am happy the weather forecast for the next week ahead is sunny and warm!!  Time for some work in the yard and friends over! The weather is a perfect metaphor for the Real Estate Market.   The last two months, have been pretty static in Portola Hills and a little quiet... Like people are staying home with the fireplace on and watching the rain.  But as Inventory is very low, with only 1 a paired home available and 3 new builds in The Oaks community, the clouds have parted and the market is warming up!   Below is breakdown by style of pricing for January and February. The most expensive home sold in Portola Hills so far in 2017 is a 3700 sq.ft JM Peters home that sold for $1.150,000.   The least expensive was a 2 bedroom Canyon View Condo which sold fo

I meet so many people when I am holding open a home that come in from just driving around looking for signs of what homes are available. They may have seen online that a home was scheduled to be open but generally print out the details and walk in with a stack of paper and kinda lost at what home they are looking for or they have no information on the home they popped into. We understand that you as a home buyer want to do some research on your own and I encourage my clients to make sure if they are interested in a specific neighborhood to drive it...  I then send them a link for our custom property search mobile app.   Take a look... at our how to video on how to use the Property Search App. If you are interested in the App, reach out to us and we will send you the link directly.  As well, we will send you a our H ome Buyer eGuide.  It  is filled with useful information to help with maneuver through the home buying process. Search Available Portola Hills Homes

Happy February 1st..  Yes we are officially in the 2nd month of 2017.  The month of love... will love shine on the Portola Hills Real Estate Market in February? We will have to wait and see but currently with the low inventory overall and the high buyer traffic at our open houses I don't see why it wouldn't.   Let's take a look at how the market performed in the first month of 2017: Jan 2017 Portola Hills Real Estate Sales Report Looking at the numbers, do you see that negative 5%.. yes me too and I probably had the same reaction you are having here.  Wait how can the value go down when all I am hearing is pricing is up?  OK maybe it is the mix of homes.. nope that doesn't work in this scenario as the mix of homes was almost identical, 4 condo's and 1 single family attached home closed.  In 2016 exactly the same but the 8 homes sold.    In 2016 the median price of home was $457k and as you can see above, this last month it was $435k.  So why.. it&

The sun has set on 2016 and as we look to 2017, you might be wondering how did the Orange County, California Real Estate Market perform overall?   Throughout the year we heard in the media, prices were up, it's a sellers market, buyer demand is strong and the good news continued.. But what did all that really mean when you look at the numbers?  Below is a review from the  Orange County Association of Realtors   at how all the numbers shook out in 2016. We will split this out into two segments:  Detached homes and Attached homes:    We highlighted some key points, but let's further explain. Median Sales Price in Orange County, California for a Single Family Detached Home was $740k and that was up 5% from 2015.  The Average price was near a $1m. Leaving a real need for Single Family homes priced below that median of $740k.  Opportunity is knocking for homeowners in this price range. Sales Volume in 2016 was almost identical from 2015 with a slight increase of 278 home

The rain we are receiving is certainly providing some amazing sunset's as the incoming storms approach.  It is wonderful that Portola Hills sits above the valley of Orange County..  Take a peak at these beautiful and yet some what ominous sky as the rain approached yesterday. Portola Hills Sunset January 8 2017 January 8 2017 Portola Hills View Portola Hills Sunset View January 2017 Portola Hills Ocean View January 2017 Residents of Portola Hills are truly lucky to have some of the best views in Orange County.

Happy New Year Portola Hills Peeps.  Can you believe it 2017 is here!  As I always do, I like to take an in-depth look at how the Portola Hills real estate market performed for the entire year.   This review will include an overall look, as well break down the market into various property types to help you determine your Portola Hills home value. The biggest news of the year was sales volume.. do you think it was up or down in 2016?  Surprisingly it was down from 2015 levels.   81 homes sold in Portola Hills in 2016, while 107 sold in 2015 .   I will say 2015 sales volume was up significantly from recent years. Below is a look at the overall real estate market in Portola Hills in 2016. Portola Hills 2016 Real Estate Market Snapshot Keep in mind when you look at the above.. this is overall, this is looking at all homes that sold and averaging them out.    Below is a break down by property type and we will start with the Portola Hills Condo Market. Portola

Just a quick note to wish the residents of Portola Hills and throughout the Saddleback Valley, holiday greetings.  We hope your home is filled with love and laughter with those closest to you.. We believe a Home is a beautiful thing, especially at Christmas and are appreciative to all who we have helped with their real estate needs..