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%…
Yesterday I found in my mailbox an official looking letter from “Property Tax Assessment Adjusters, LLC”. In addition to a lot of legalese type verbage, it said: IMPORTANT : Upon a preliminary check your assessed value appears to be higher than your current market value. You may obtain property tax relief, even if you have…
Home sales in Lake Forest, California, slowed down a bit in December compared to the prior few months, but still finished 79% ahead of the miserable number (29 closings) from December 2007. The 52 closings were split exactly down the middle with 26 each of condos and single family homes. Condo sales ranged in price from $102,900…
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…
If you are planning to buy a condo, or a house in Lake Forest, Mission Viejo, Rancho Santa Margarita, or other South Orange County area, there is a good chance that you will be buying in to a home owners’ association (HOA). If that is the case, make sure you read over all the HOA…