Forest Creek Homes in Lake Forest, California

There are currently 7 homes to choose from in the Forest Creek neighborhood, ranging in price from $549,000 to $699,000.  Of those listings, 3 are short sales, and 4 are traditional offerings.   One home has closed so far this year. 

While the short sales may look like pretty good values, there is no guarantee that the lender will approve the sale, and there is no limit to the time that it will take them to accept or reject it.  Short sales take a lot of patience on the buyer’s part, plus the ability to be flexible about a close date.  The listing agent also has to spend countless hours waiting on hold on the phone, trying to get through to the decision maker.  Often the “decision maker” moves to a different department and the process has to start all over again!  The best buyer for a short sale is one who is currently renting on a month-to-month basis and has a lot of flexibility.   

Forest Creek Year to Date Sales 3-13-2009

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Lake Forest II Neighborhood Updates in Process!

For the past 6 days, I have been trying to get this blog moved over to a new host with GoDaddy, but they can’t seem to fix their hosting problems.  Essentially, my blog has been held prisoner by their “tech support” people who continually told me that it would be fixed “any minute.”  I finally gave up today, and moved everything back to this WordPress hosting site. 

There have been changes in many of the Lake Forest II neighborhoods this week, so I will download all the lists and post them here in the next 24 hours.  In the mean time, if you have any questions or comments about the neighborhoods, please send me an email (Vicki at VickiLloyd.com) or give me a call!

Thanks for visiting!

Jeronimo Road Improvement Meeting Tonight

The City of Lake Forest will present the first of two public information sessions tonight at 7:00 pm the Sun & Sail Club regarding the proposed improvements to Jeronimo Road.  Homeowners from the neighborhoods that are bounded by Jeronimo Road are particularly encouraged to attend to find out what is planned, and to let the City know of your concerns.

Last month, I attended a brief overview of this project, along with members of the homeowner association boards from the Lake Forest Keys, and Lake Forest I, but due to time limits, we left with many un-answered questions. 

The main proposal, from what I understand, is to add a landscaped center median to many parts of Jeronimo Road.  This may require that several exits from the neighborhoods adjacent to it (Lake Forest Keys, Lake Park West, and Parkwood Estates II), will become “right-turn-only” and residents will be forced to drive out of their way before being able to make a U-turn at a break in the median.  The impact of that may also cause an increase of vehicles driving on residential streets within these neighborhoods in order to bypass these “right turn only” exits.

Other questions that hopefully will be addressed are :

• Where are the funds coming from to build this?
• Where are the funds to maintain it when it is finished?
• What are the expected benefits of doing this?  (I heard “traffic calming” but don’t know if this refers to a projected reduction of accidents, or just slower cars.)
• Is this road really wide enough to fit a center median?  We currently have 2 lanes on each side, with bike lanes – will we lose the bike lanes, or the sidewalks?

Bring your own questions and join me there tonight!  I’m going to take a drive along Jeronimo right now, so that I can see where it could be improved.

Lake Forest II Homes – Active Listings by Neighborhood

Here are the links to active, pending and backup statuses on the MLS today.

The Woods

Lake Forest Keys

Serrano Ridge

Ranchwood

Lakeside Park

Lake Park West

Indian Hills

Forest Creek

The Oaks

Serrano Woods

Parkwood Estates II

There are currently no listings on the MLS in Prairie Ridge, Parkwood Estates, or Park Place.  You could be the first this year – call me if you are thinking about buying or selling anywhere in Lake Forest.

Don’t miss the next exciting update to this blog – click on the envelope to be notified by email! 

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2008 Sales

Sales in Lake Forest II were pretty slow in 2008, with the majority of them being either short sales, or bank owned.  The following reports are all PDFs and include all sales for each neighborhood in 2008.

The Oaks 2008 Sales

Ranchwood Sales 2008

The Woods Sales 2008

Lakeside Park Sales 2008

Lake Forest Keys Sales 2008

Indian Hills Sales 2008

Forest Creek Sales 2008

Serrano Woods Sales 2008

Lake Park West 2008 Sales

Parkwood Estates Sales 2008

Park Place Sales 2008

Prairie Ridge Sales 2008

Serrano Ridge Sales 2008

There were no closed sales in Parkwood Estates II neighborhood in 2008.

Lake Forest II Neighborhood Updates

There are only 31 active listings in Lake Forest II neighborhoods as of January 6, 2009 :

Forest Creek – 4 actives

Indian Hills – 2 actives

Lake Park West – 1 active

Lakeside Park – 2 actives

Lake Forest Keys – 10 actives

Parkwood Estates 2 – 1 active

Ranchwood – 2 actives

Serrano Ridge – 1 active

The Oaks – 4 actives

The Woods – 3 actives

There are currently no active listings in Serrano Woods Condos, Parkwood Estates, Park Place, or Prairie Ridge.  (If you have been thinking about selling, there is very little competition right now!)