Serrano Ridge Homes in Lake Forest II 3-14-2008

There have been no closings yet this year, but there is one in escrow today.  The bank-owned home on Goldrush had previously been on the market as a short sale, priced $649K – $760K.  It came on the back on the market at $579K on 2/19 and went into escrow on 2/29.  If everything goes smoothly, it should be closing about the end of March.

Of the 4 current active listings, 3 of them are short sales.  The one on Sawmill is not a short sale at this time.  The short sale home on Silver Spur, now priced at $449,900 had previously been listed as a short sale since September and had drifted down from a high of $670K to $550K before it expired.

Serrano Ridge Homes in Lake Forest II – Year to Date 3/14/08