Portola Hills 2015 Rental Market Recap...

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Real Estate Agent with Keller Williams CA.BRE# 01395219

As a Realtor in South Orange County, I believe it is important to understand the complete real estate market.  I work with many investor owners in the area who have been long term landlords as well new investors who are looking to expand their real estate portfolio.  In addition, tenant's who have become future homeowners.

When I work with any client, my goal is to always understand their long term vision.   Often times, rentals are an aspect of the business many agents do not like to handle. They are a lot of work and honestly for little pay.   

I view Rentals much differently.   If I want to be your trusted Realtor for life, then that means I handle the majority of your real estate needs, even the ones that "seem to be a lot of work"  Otherwise.. how can I truly be your Real Estate Adviser. 

If you research, you don't read much on the rental market in various neighborhoods. So starting this month... we will begin writing a rental spotlight of the areas we focus in, i.e. Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo, i.e. the Saddleback Valley.

Today's look:   Portola Hills:  

Currently there over 250 rental properties in Portola Hills, which equals just over 10% of the residences.

In 2015, there were 47 properties rented in Portola Hills.  That equals a 20% increase in rental volume from 2014.   The median price per square foot in 2014 was $1.69 in 2015 rental prices jumped 7% with an average price per square foot of $1.82.

Below is a look at three categories of rentals.   Traditional Single Family Homes, Townhomes and Condominiums.

Single Family Homes.   Tenants paid an average rent of $3201 for a 4 bedroom, 3 bath, 2100 square foot home in Portola Hills in 2015.  

 Portola Hills Rentals

Townhomes:  Tenants paid an average rent of $2368 for a 3 Bedroom, 3 Bath, 1350 square foot home in Portola Hills in 2015.

Portola Hills Townhouse rentals

Condominiums: Tenants paid an average rent of $2017 for a 2 Bedroom, 2 Bath, 1000 square foot home in Portola Hills in 2015.

Portola Hills Condo Rentals

Portola Hills offers renters many great aspects.. Award Winning Portola Hills Elementary School. Conveniently located to major transportation with the 241 Toll Road, 5 and 405 Fwy.   As well, a natural environment with direct access to Whiting Wilderness Ranch, plus much more...

If you are looking to move to the area and rent a home, please give us a call, we are happy to review with you what is available in the area.  As well, if you are an homeowner and looking to rent your home, or find a tenant for your rental, let's review your needs and our strength in finding you a great tenant!

 Give Realtor Kelly Turbeville a call.

 

 

 

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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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2 bedroom rentals
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Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Nice job with OC market report. We visit friends in the area often. I always enjoy our time there. They live in Anaheim Hills. 

Jan 22, 2016 05:05 AM #1
Rainmaker
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Kelly Turbeville
Keller Williams - Lake Forest, CA
Turning Real Estate Dreams into Reality

Thanks for the read.... Anaheim Hills is lovely

Jan 22, 2016 07:21 AM #2
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Rainmaker
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Kelly Turbeville

Turning Real Estate Dreams into Reality
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