In June the Portola Hills market continues to shift from the volume we saw last year. This past month, 7 homes closed escrow which is down 50% from 2015. Good news.. though for home sellers, pricing was up 7% overall. Which is consistent with the Orange County market.
Below is our June Real Estate Report for Portola Hills:
Does the sales volume slow down signify a downshift in the market? The simplest answer; it depends. Looking at history we know the best time to sell a home is Early Spring to Mid-June. We typically have a seasonal slow down in late June through the 4th of July.
Inventory has increased slightly throughout the county but in pockets such as Portola Hills it has remained low. So if more homes come on the market through August we may see a bit more of a balanced market.
However, at the point of putting these numbers together there are only 9 active homes on the market in Portola Hills and important to note, no entry level condo's currently listed.
So there is still plenty of time to capture a top price for your home if you are considering a move.
Timing, inventory, location are all important elements for the successful sale of your home. We are just a phone call away to help you achieve that!
Information is cross posted at PortolaHillsLiving.com
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