Many people think that staging a home before putting it on the market will cost a small fortune, but if you start with the basics, you would be surprised how much you can add for very little money!
Lake Forest Home Prices from $107,000 to $1,550,000
Total Properties available: 207
Condominiums: 96 (Prices from $107,000 to $409,900)
Average condo price: $210,764 ($201/sq ft)
Houses: 111 (Prices from $349,900 to $1,550,000)
Average house price: $565,345 ($280/sq ft)
Short Sales and REOs: 93
Available properties by price range:
Under $300,000: 85
$300,000 – $499,999: 61
$500,000 – $699,999 : 48
$700,000 & Up: 16
Properties put into escrow last week: 19
Least expensive house: The least expensive home that went into escrow last week was listed at $389,900. It was a short sale, so there is no guarantee that it will be approved by the lender at that price.
Least expensive condo: The least expensive condo that went into escrow last week was $120,000. It was also a short sale.
Most expensive home new escrow : The most expensive home that sold last week was listed at $649,999 and was on the market for only 36 days. It was 4 bedrooms, 3 baths, with a 3-car garage and over 2700 square feet on an 8000 foot lot. It appeared to be in upgraded condition and was not a short sale.
Most expensive closed escrow : The most expensive closed sale was a lake front home that was sold as a short sale. When the price was reduced from $849,000 to $699,000 it sold in 8 days, then closed at $725,000.
Call me if I can help!
Listing Your Lake Forest Home
I just got a call from an out-of-area seller. “Yipee – they want to list with me!” was my first reaction. Wrong! “I already have a Realtor,” she told me, “I just need to know if low-flow toilets are required when a property sells in Lake Forest.” “Gee – why don’t you ask your Realtor?” …
You Need Some WOW to Sell Your Lake Forest Home Today
Selling your home in today’s market takes some work and imagination. Not only does the house need to be priced correctly, it needs to offer something special that will set it apart from the others. I call this the “WOW Factor.”
Lake Forest Year End Real Estate Market Review
Total sales in Lake Forest California were only slightly less than the prior year, but the average price actually increased!
Buying a Home is Like Getting Married
The value of home ownership has been seriously questioned recently due to so many people losing their homes. From about 2003 to 2007, we experienced a real estate orgy! Everyone qualified for loans of any size, every home appreciated, and everybody took their tax free gain and gleefully moved on to the next house. If…
Ripped Off by HOA Transfer Fees?
When you purchase a home in a Homeowner’s Association in California, the law requires that the buyer be provided with all of the governing documents for the HOA.
Lake Forest Mid Year Market Review 2010
Total properties sold through June 30, 2010 was 316, slightly less than the 330 sold during the same period last year.
Orange County Market Update
The market continues to be busy in the lower end of the price range, and bank-owned and short sales are making up about 61% of all closed sales in Orange County. Today, there are a total of 11,577 homes for sale in Orange County. Of those, 4783 (42%) are labeled as either bank owned or short sales. …
Lake Forest Market Update – January Sales Report
January closed sales in Lake Forest, California were less than December, but still better than January 2008. A total of 39 homes and condos closed this year, versus only 20 last year, an improvement of 95%! Single family homes : 20 homes closed escrow in January. Foreclosures or short sales were 14 of the 20, so 70%…
Vicki Lloyd, MBA, Realtor®