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…
Category Archives: Market Conditions
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!
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%…
Year End Report Card
A year ago today, I posted my predictions for the Orange County real estate market in 2008. Today, I can look back and see that I got some right, and some wrong. (Isn’t that how it always is?) Some things I got right : The volume increased, (but not as much as I hoped.) As of…
Lake Forest Market Update – November Sales Report
November 2008 sales in Lake Forest are up 233% from last year’s dismal numbers, but sale price per square foot is off by almost 26%. Prices ranged from a low of $110,000 up to $724,900. First time buyers were the driving force behind the improved sales volume, since they didn’t have to unload a previous…
Lake Forest Market Update
Homes in Lake Forest are selling! The preliminary numbers for the month of September are up from last year, although the average price is lower than a year ago. In September 2008, 63 properties closed escrow compared to 26 in September 2007. The sold prices ranged from a low of $100,000 for a one bedroom…
Educational Video Explains Housing Cycles
This video was produced by John Burns Consulting, a company that specializes in advising the homebuilding industry, but the explanations and lessons provided in it also apply to the resale home market. Search the 14,000+ Homes on the Orange County Market Today Learn What Your Home is Worth
Lake Forest Market Conditions
Lake Forest prices now start at $95,000 for a one-bedroom bank-owned condo. It previously sold in 2005 for $260,000 using 100% financing (probably using a “liar loan” without any income documentation!) I seriously question the wisdom of anyone paying that much for a property this size, as you could have rented it for less than…