Lake Forest Keys Market Report 2-22-08

So far this year, we have had 2 closings, 1 expiration, and 4 properties go under contract in the Lake Forest Keys.  Both of the closed sales were on the waterfront, and sold for less than $800,000 although their original list prices were in the mid-to-high $900s. 

Two of the new “pendings” are point homes, priced at $1,600,000 and $1,395,000.  Since these are recent sales, it will probably be mid-March before the final sales prices are published.

There are currently 14 homes available in the “active” category on the MLS.  They range in price from $569,900 for the small Showcase home on a greenbelt, to the largest Villas Del Lago home on the Arrowhead point for $1,595,000.  The least expensive waterfront home (with dock) is located on the main channel of Arrowhead Lane for $879,000.

Lake Forest Keys YTD Market Activity 2-22-2008

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