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