It’s happening all over Orange County right now. When a new listing comes on the market in Lake Forest, Mission Viejo, Rancho Santa Margarita, Aliso Viejo or most other Orange County cities, the buyers rush in, and sellers are receiving 5 to 8 offers within a few days! The market is overheated right now due…
The inventory shortage continues, with frustrated buyers making multiple offers on recently listed homes. I’ve noticed several homes that originally appeared to be over-priced, but they have now gone into escrow. This may signal a price improvement that will bring more sellers out of the closet. In the last week we have seen the following…
Update on the Lake Forest real estate market. Today there are only 65 homes in all price ranges available for sale! When compared to the 83 that have gone into escrow in the last 30 days, this is only a 23 day supply! (Obviously a seller’s market right now!) Over the last 6 months, there…
The market is definitely picking up this spring! Buyers are making offers almost as soon as new homes come on the market. Multiple offers have become very common, and prices are generally pretty firm. There are currently 75 Lake Forest homes for sale on the MLS. Lowest priced listing is $107,500 for a one-bedroom condo…
The market for real estate in Lake Forest California is finally starting to recover! I am not suggesting that all homes will immediately increase in value, but I don’t expect to see much further decline in the average prices. Just like the last downturn in the 1990s, it will be difficult to tell which year…