Lake Forest, CA

IT IS CARNIVAL TIME AT

PORTOLA HILLS ELEMENTARY

TODAY (5/16) 4- 8 PM

GET OUT ENJOY THE SUN, HAVE SOME FUN, ALL WHILE YOU ARE SUPPORTING THE SCHOOL!

THERE WILL BE GAMES, FOOD, ENTERTAINMENT AND HEY YOU MAY EVEN RUN INTO A FEW FRIENDS!

Enjoy!

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you’re considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, Its Possible!

The above information is provided as an opinion and is deemed reliable but not guaranteed.

Buyer activity is definitely heating up in south Orange County, with weekend traffic at Open Houses seeming to be getting stronger each week now. Both purchase offers and pending sales are on the increase, with more homes receiving multiple offers and selling in very few days on market.

In some ways, it's feeling like the "old days" of 2003 - 2006, when inventory was very low and demand very high. The difference now is that while overall inventory is considerably higher than before, the lower-end, detached home market is in a more affordable price range, and many more buyers are coming out of the woodwork, having been patiently waiting for a couple of years to see opportunity-time come their way.

It's paying off for many of them with great deals on homes that are in the neighborhood of 30% off from their peak prices. Typically, today's market realities also mean that these buyers are qualifying for their loans with realistic down payments and loan guidelines that make sense, rather than the sub-prime and stated income products that helped to cause all kinds of havoc for all concerned. We're in a healthier mode loan-wise, meaning these buyers are not likely to be losing their homes to foreclosure in the coming years.

As this process unfolds, taking inventory off the market, much of which is "distress property", we are working our way through this inevitable and necessary part of the cycle that has been so much in evidence for the past 2 years or so. Although there is certainly more of the "distress" inventory to hit the market, as this process keeps working and more buyers return to the market, pricing is firming up and the "bottom of the market" is being defined. This creates more confidence in buyers, in turn creating more showings, more offers, more sales and ultimately, a return to a more balanced and healthy market for all. It's inevitable, and it's just a matter of time before we will be looking back on this in a different light. And that's when many folks will be saying "that's when I should have bought a home" again.

The City of Lake Forest and the Lake Forest Chamber of Commerce are holding a great business seminar that you won’t want to miss on May 2^nd from 8:30am – 2:00 pm. Growing In A Shrinking Economy, Secrets to Small Business Success. The event will be held at the Lake Forest City Hall. Admission is free to this annual event. The keynote speaker is from one of Lake Forest's prestigious business leaders, Scott Betty with Oakley. There will be breakout sessions with subjects that include finance, marketing and human resources. There will also be business exhibitor's to provide you with ideas on growing your business .

Arrive before 9:00 a.m. and receive a free opportunity ticket for a Nintendo Wii. Additional tickets will be available for purchase, as well as chances for other great opportunity prizes!

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you’re considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, Its Possible!

The above information is provided as an opinion and is deemed reliable but not guaranteed.

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you’re considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, Its Possible!

The above data is deemed reliable but is not guaranteed.
It is the readers responsibility to verify all data.

Portola Hills eNews

Clothing Drive: I am sponsoring a clothing drive through April 20^th. for the non-profit organization Women helping Women if you have any clothes or accessories that you would like to donate please send me a note and I will pick up. It is a great way to help. Tax receipt is available.

Lake Forest Opportunities Study: I attended the community meeting earlier in the week regarding the development that is coming to Portola Hills. Overall there has been a reduction in the amount of development (about 18%) that will be happening in the area and nothing is finalized but they are getting close.

The Portola Center will be built on the vacant land from Oakley up Glen Ranch down towards El Toro on both sides of the street. The proposed development will consist of 930 units, 40,000 Commercial and a 40 acre Sports Park.

• North on Glen Ranch (below Jasper Hill) will be an 84 Single Family Residences.
• South on Glen Ranch (below Malabar) will be Single Family residences and then below Glen Ranch will be a mix of Condo’s and Mixed Use Commercial and Apartments in a town center environment with a small park The town center will be similar to the town center in Ladera Ranch.
• A new 40 acre Sports Park will be one of the first things going in and it will be located towards the 241 and Portola.
• Regarding Portola Elementary School, the developer has advised the district they will anti up over $2m for enhancements. The details have been sent up to the State and are waiting final approval. (see -Saddleback Valley School District for updates)

The Lake Forest Planning Commission will be holding another public hearing scheduled for 4/24 and June 3^rd at the City Council meeting.

Estimated building to start in 2010 but that of course depends on the final approvals and the market!

Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you’re considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, Its Possible!

The above information is provided as an opinion and is deemed reliable but not guaranteed.