December 2015 Home Values for Portola Hills

By
Real Estate Agent with Keller Williams CA.BRE# 01395219

Sigh.... the holidays are over and 2015 has closed it's chapter.   We often hear people say during December, it's slow in the real estate world but in reality it can tend to be a very busy.  No exception for the Portola Hills Real Estate Market.   

Portola Hills is not a huge community in Lake Forest, but this past month there were 9 homes sold.   Just 1 shy of 2014. In addition 7 homes went into escrow in December, leaving only 5 available properties currently. The good news for home sellers,  price per square jumped up approximately 6% in the last month of the year compared to December last year.

Portola Hills December 2015 Real Estate Sales

 

Though the market in Portola Hils has been very strong this past year, surpassing both the # of sales and the pricing from last year, unfortunately there still are some residual effects from the downturn as we had one distressed sell in the neighborhood this past week.  Lucky for the buyer as you can note, that home closed escrow at $756k down almost 200k from similar properties.

Below is a look at homes that closed a year ago in Portola Hills.  As you will note the Median Price Per Square Foot was $303.24 for the area vs. today's median at $321.18

Portola Hills December 2014 Real Estate Sales

December 2014 Portola Hills Home Sales

 

Side note:  I just saw the movie The Big Short and the area is very blessed to have recovered so strongly with very few distressed sales in the area this past year.   I strongly recommend the movie. Though I admit it got me mad once again at the banks, I am happy to see so many of my clients recover.

We are in the process of putting together our year end report looking at each property type for Portola Hills.  If you are interested in receiving our 2015 Portola Hills Year in Review, click away..

 

As always, if you are looking to list or buy a home in Portola Hills.  We are here to help.  2016 looks to be like a very productive year with two new developments coming to the area.  

 

 

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Kelly's positive spirit, sound business and marketing skills, and experience negotiating multimillion dollar contracts all combine to make her one of the premier real estate professional in the communities of Portola Hills, Foothill Ranch, Lake Forest, Trabuco Canyon and throughout the Saddleback Valley.

 

 She takes a big-picture approach to make sure all of your goals, both short and long-term, are part of a larger plan that's guiding you towards success. Call Kelly to schedule a free consultation on how she can help you achieve your objectives. Whatever your Real Estate Dream is, with Kelly Turbeville at your side, It's Possible!

 

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The above information is provied for informational purposes only and is deemed reliable but not guarenteed. Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] and /or other sources. All property data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Tags:
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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kelly Turbeville This is very good home values report for Portola Hills.

Jan 04, 2016 01:21 PM #1
Rainmaker
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Kelly Turbeville
Keller Williams - Lake Forest, CA
Turning Real Estate Dreams into Reality

Thanks for the read John Pusa appreciate it

Jan 05, 2016 07:42 AM #2
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Rainmaker
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Kelly Turbeville

Turning Real Estate Dreams into Reality
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