PORTOLA HILLS LIVING by Kelly Turbeville

 Wow... did that change quickly!  How did the real estate market in Portola Hills inventory jump up so dramatically in the last month.  Thank the new home buyers who purchased in the first phase of IronRidge and The Oaks and are know selling for top dollar.   Below is a quick look at the market!  The big news here is pricing continues to be high, which makes it a great time to sell.  However, demand has slowed down considerably and there is nearly 6 months of inventory in Portola Hills.  So sellers who are considering selling their home now, must be super competitive in two area, price and condition.  For further details on the market, take a quick listen to Video Report.  Wondering if the value of your home shifted... Get your FREE Home Analysis right here! 

  Check out my newest listing at 143 California Court, Mission Viejo .  It is a spacious 870+ square feet, One Bedroom with Direct Access Garage and a Private Yard.  When you enter, you will love the natural light and open floor-plan and access to your private yard. The large kitchen has so much storage and counter space, plus a lovely breakfast bar to enjoy conversations with friends. Down the hall you will find an extra large bathroom with dual vanities and a private shower area and direct access to the bedroom. At the end of the hall is your direct access garage.  More Details about the Property Pricing on this home is exceptional, the last model match sold for $595,000 and it is currently listed at $549,999.  In the current hot Mission Viejo Market it is hard to find a home with these amenities below $600,000.   Search Mission Viejo Homes Open House Schedule 6/18/22  12-3pm 6/19/22  12-3 pm Showings by appointment only.  Contact listing agent Kelly Turbeville direct to schedule. 

Wondering how the Portola Hills real estate market has done so far in 2022.  Well, April was a record breaking month!  But are we at the height of the market?  We are certainly in a shifting market.  What is shifting?  Interest rates have increased to about 5% and projected to be be higher by years end.  Plus we have seen an increase of new listings, but we are still below "normal" levels.  As we enter the summer months (which is typically the slowest months in real estate) opportunities will improve for the home seller who is looking to move up or downsize.  As demand (buyers) are away and listings increase through May, this offers you the home seller the opportunity to sell at top of the market and buy with less competition.  We are starting to see more Seller concessions. Below is a look it how the Portola Hills real estate market performed in April. Search Available Portola Hills Homes As you can see from the above numbers, the community of Portola Hills had some record b

As we enter what is known as the "Selling Season" we are getting lot's of questions about what is happening in the overall market.  Is the market going to crash? How are Interest Rates impacting the market? Will more homes come on the market this year?  These are all good questions to ask, especially right now as we are starting to see a shift.  Yes, the sudden rise of Interest Rates has impacted buyers. But let's keep in mind, in 2018 the interest rates were about 5% and lot's of homes sold. Search Available Portola Hills Homes Let's take a look at how the Portola Hills market performed in March.  As you can see in the above report, the Portola Hills real estate market continues to remain very strong. Homeowners who sold in March, received about 10% over their list to sale price.  Homeowners in the Serenado Tract were pleasantly surprised to see this tract start selling over $1,000,000.   While pricing has certainly gone up, would it surprise you if  we tol

Have you seen those commercials, your home doesn't need anything just my sign in front to get it sold?  What those commercials doesn't tell you, is your home will sell for less in most cases.  Yes, with the current Buyer demand your home is in demand, but that does not mean it is in front of the right buyers nor does it mean it will sell for top dollar.  Plenty of homes sell below market even in this market. 😳 If you ever bought a home, you know walking into a beautiful home makes all the difference.  That is why new homes sell so well. Home buyers often don't realize the cost of those addition and staging would add over $100,000 in upgrades to your purchase. So the question comes up, do we have to stage.  Truthfully, the answers depends on your home!    One thing is for sure, staged homes sell for more $$.   We love helping our clients prepare their home for sale.  Some chose to stage others we assist the sellers on the best preparations for the home to present well.  We

Congratulations to another KW client who just moved into the Portola Hills neighborhood of Serenado.  The Serenado community is a fairly small community of 166 homes and part of the Portola Hills II homeowners association. There are 3 floor plans: Rhapsody: 3 bedroom, 2.5 bath, 1561 sq.ft. 2 car garage Concerto:  3 bedroom, 3 bath, 1771 sq.ft. 2 car garage Symphony: 3 bedroom, 2.5 bath, 1891 sq. ft. 2 car garage I wrote a blog back in 2015 with more details of this tract and since then homes have just about doubled in value.  Here is a look at the overall values today!  Right now, offers Portola Hills homes sellers in the Serenado tract and excellent opportunity to take advantage of their equity growth.  Whether you are thinking about selling and moving up or downsizing into your next home,  utilizing some of your equity to upgrade the home or leveraging it into an investment property, we are here. We will review with you if you can benefit from Prop 19, which allows you to take your t

What would you say if I told you pricing right now is right on track! You would probably say, pricing is crazy!  I recently attended Keller Williams Economic Recap and Forecast and a couple of details really hit me.  Because I too, even being in the business, was thinking this pricing is crazy! Then I saw this graph.  Home Prices This above graph shows the average home prices over the last 20 years has averaged about 4%. That is below the historical average of 6-8% before the downturn in 2008-2011.  Portola Hills saw appreciation of over 20% last year, so while that is great, it really was just the market making up for downturn.  Four percent appreciation is a very healthy real estate market.  Annual Home Appreciation The biggest hurdle to the market right now is inventory of homes.  There simply has not been enough building to keep up with demand since the downturn.  How we catch up is going to be a challenge certainly for the near future.  Below is a look at the inventory of homes an