The Woods in Lake Forest California Market Update

Closed sales in The Woods this year include 2 bank-owned (foreclosed) homes.  There are currently 2 properties in the active status, and one in escrow.  

The Woods Homes in Lake Forest California

Other posts about The Woods


Forest Creek Homes in Lake Forest

Rorest Creek Neighborhood

Forest Creek has always been one of my favorite neighborhoods in Lake Forest.  While there are quite a few original owners who still live there, it continues to be very attractive to younger families who like the cul de sacs, the excellent elementary school, and the proximity to the Serrano Creek Park.

There are currently 7  homes for sale in the MLS, with one in escrow.  There have been 2 closed sales this year. 

Forest Creek Homes April 2009

Similar posts:
Other posts about Forest Creek

Search the MLS

Thanks for visiting!

Vicki Lloyd

Lake Forest Keys Market 4-08-2009

Electric Party Boats on Lake Forest II LakeSales in the Lake Forest Keys are fairly slow this time of year.  Part of it is due to the prices being the highest in the city, and the fact that people actually have to qualify for their loans.  There is a lot of competition from homes in the beach areas where values have fallen dramatically over the last 2 years.  When a remodeled lake front home was half the price of a tiny fixer in a beach town (but not with a view) it was a very good trade-off to buy a lake front home with a dock.  Now, you can buy a decent home in Laguna, Dana Point, or even Newport with a “peek view” for around $1 million, so buyers have more choices of special properties.

There have been 2 sales closed so far this year – one on the water, and one on the greenbelt.  There are 12 homes currently on the market – 2 greenbelt homes, and 10 waterfronts.  Take a look and see if there is one you like!

Lake Forest Keys Homes 2009

Ranchwood Homes – Market Report 4-08-2009

Ranchwood Park Homes

There have been 2 closed sales in Ranchwood this year – both bank owned homes.  There are also 2 short sales in escrow today.  Since the bank has to approve the short sales, we don’t have any idea how soon these will close.

Ranchwood Homes in Lake Forest 2009 Activity

Serrano Ridge Homes in Lake Forest California

Serrano Ridge Homes in Lake Forest California

Serrano Ridge Homes in Lake Forest California

The Serrano Ridge neighborhood has some new activity.  There is one house available, one in escrow, and one has closed this year.  Take a look at the details:

Serrano Ridge 2009

Other posts about Serrano Ridge

The Oaks Homes in Lake Forest California

After a long time with very little activity in the Oaks, we finally have some action!  In the last week, 2 homes have gone in to escrow.  Now we just have to wait for the closing numbers to see what they sold for.  A total of 3 homes are now in escrow, but the 3rd is a short sale, so the closing date is up in the air.

The Oaks Homes in Lake Forest 2009

Other posts about the Oaks

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

Similar posts:
Other posts about Forest Creek

Search the MLS

Thanks for visiting!

Vicki Lloyd