PORTOLA HILLS LIVING by Kelly Turbeville

Every month we take a look at the local market and compare it against what happened at the same time last year vs. this year.  We also take a look at what is happening in the surrounding area to see if the community is on trend with the rest of the area.  In September Portola Hills had 15 homes sell, 11 Single Family Homes and 4 Townhomes/Condo's, which shows the sales volume is up slightly from 2018.  The difference being this past month, we had about 50/50 mix of new homes and resales, where as in 2018, 80% of the homes that closed escrow in September were all new homes.   When comparing the two years, values is is going to be significantly different as the mix was so different between the two years.  Below is a snapshot of how the Portola Hills real estate market performed in September 2019!   As you can see the above values show there was about a 12% decline in values from September 2018.   But when looking at the overall year to date numbers

I am super excited to introduce our newest team member and neighbor to Portola Hills, Realtor Nancy Bishay.  Nancy is a former teacher who has moved to the area and will be working with our team at GPS real estate group at Keller Williams in our new Lake Forest office. If you are thinking of a move, you will now have a successful team behind your home sale.  We have been selling homes in the area since 2004 and is the only Real Estate blog dedicated to our clients.   Our strength in understanding what Portola Hills home sellers and buyers want is unsurpassed.  We are happy to further build this strength with Nancy's help!! Contact Nancy direct at NancyBishay.kw.com

The Portola Hills community in Lake Forest has seen a huge change on the real estate landscape with the addition of several new home communities. The Oaks and Iron Ridge are in full sales, with The Oaks beginning to sale in late 2017 and the Iron Ridge early 2018.   These new additions are selling well.  The Oaks would be considered luxury properties with the square footage ranging from 2600 square feet to over 5200.  Comprised of seven distinct neighborhoods, all within a private gated community featuring tree-lined streets and premium views, outdoor recreational spaces within our community including a Central Neighborhood Park and Swim Club, a large 5-acre public park with recreation and sports fields and three neighborhood parks.  Iron Ridge , the newest community is comprised of six distinct neighborhoods, ranging from Townhomes to large Single Family, ranging in size from 1100 square feet to over 3800 square feet. Each residence offers superb craftsmanship and spacious e

We are going to miss you in Portola Hills but we are super excited that you found the perfect home for your family. If we were to pick a neighborhood with similar characteristics of what you loved about Portola Hills, it would be Melinda Heights in Rancho Santa Margarita. The community offers great community amenities for the family. Thank you for entrusting us with the sale and purchase of your home!  Portola Hills Home Search If you are thinking of a move, now is a perfect time to take advantage of the real estate market, after the slight shift we saw this winter.  More inventory of homes is expected to come this summer so listing your home now gives you the advantage of less competition.  Don't hesitate to contact Kelly Turbeville today to review the market in your neighborhood.

I am so excited as I had the privilege to help my friend and client sell her townhome in Lake Forest. I love seeing hard work pay off and it has for her! Property Description: It's hard to find a 2 Master Suite Townhome this size in Orange County, especially one that includes a 2 Car Attached Garage and a Huge Yard. Did we mention it's a End-Unit with only 1 neighbor attached. Truly the best location in the community! Recently upgraded with High Grade Wood Laminate Flooring, New Baseboards and on trend fresh paint. Light, Bright with Vaulted Ceilings help to make this living space a rare gem. In addition, you are going to love the spacious Kitchen with Corian Counters and Modern Maple Cabinets. You can decide if you want to have a quick meal in the kitchen or if you have friends coming over, plan a perfect dinner party in the separate dining area. Upstairs are the 2 Master En-suites with plenty of storage space and the wood flooring carried throughout. Need more storage spa

We just finished up our review of the Portola Hills real estate market for September and it was hot, hot, hot!!   Both home values and sales volume were higher last month then the same time period in 2017.    This is slightly different then the rest of the OC real estate market.   Though we are starting to see a slight shift towards a balanced market and homes are taking longer to sell, we did not see a decline in pricing. Search Available Portola Hills Homes Below is a snapshot of the Portola Hills real estate market in September Looking at the current real estate market, we see plenty of opportunity for both sellers and buyers.  Thus why it is called a balanced market.  Honestly, if you are thinking of moving up and/or downsizing, today's real estate market offers you the opportunity to take advantage of the equity you gained the last few years and now provides more buying power.  Especially before interest rates rise in 2019. What's the Value of my Porto

There is a lot happening in Portola Hills in regards to Real Estate.  New homes being built, new communities added that all impact your home values.  So we took a look at how the market performed in July.   Take a peek!  Portola Hills saw a 10% increase in pricing from the same time last year on single-family homes. However, on the Condo/Townhomes pricing was flat.  Which honestly makes no sense to me, as demand is extremely high.   There is certainly room for pricing growth on the attached side of the market.    What is the value of your Portola Hills Townhome? The big story in July is Sales Volume, which was down 38% from the same time last year.  Why? It could be just a seasonal shift or that we saw an increase in sales before the new homes came into the area.  After all it is not fun competing with new homes sales in your backyard.  Buyers love to look a pretty new houses, so your house has to compete, otherwise the minute buyers walk in they begin deducting dolla