Â With estimated population ofÂ 79,000Â people,Â Lake Forest, California, Â includes Foothill Ranch and Portola Hills.Â Â Lake Forest (along withÂ neighboring cities Mission Viejo and Irvine) is ranked as one of the safest cities in the country.Â
This city hasÂ business andÂ employmentÂ positions in medical, banking, finance, education, high tech,Â service, real estate,Â research and development.There are nowÂ 269Â homes for sale at LAKE FOREST ...Â with average time of 95Â days on the market ... average list price of $443,931.
157 of theÂ LAKE FORESTÂ homes now for sale are SHORT SALES not yet lender approvedÂ Â (58 percent of the homes now on market)
18 of theÂ LAKE FORESTÂ homes now for sale areÂ REO bank ownedÂ (6.6Â percent of homes now on the market)
187Â of the LAKE FORESTÂ Â homes are nowÂ under contract and in pending escrow.
64Â of the LAKE FORESTÂ homes have been sold with escrows closing during the past thirty days since FebruaryÂ 23,Â 2009.Â Average sold price wasÂ $351,803 ...Â with average time of 64Â days on the market.Â
12 of of the sold LAKE FORESTÂ homes during the past thirty days were short sales.
29Â ofÂ the sold LAKE FORESTÂ homes during the past thirty days were REO bank owned.
SoÂ 41Â of the soldÂ LAKE FORESTÂ Â homes this past month were distressed in some way, REO, short sale, in foreclosure, etc.Â Â Therefore,Â 64Â percent of the homes sold during past thirty days were distressed.
At currentÂ rate of sale (269Â homes now on the market ... divided by 64Â homes sold during past 30 days)Â Â ... LAKE FORESTÂ Â now has has 4.2Â months of supply of homes currently for sale.Â
Search here for Lake Forest, California, homes and properties for sale.
We prepared thisÂ market report asÂ a summary of information provided to us by the SoCal Multiple Listing service.
If youÂ wantÂ information about homes and properties at Lake Forest,Â California, please contact us.Â Â Harrison K. Long,Â Explore Group Properties, Coldwell Banker Previews, at 949-854-7747.