Homes in the Woods of Lake Forest enjoy a strong demand by people who are looking for something different from a typical Orange County neighborhood. The location of a home will greatly effect it’s value, based on the specific features of the property. Some of the homes back up to roads or other homes, but the most desirable may have views of a ravine, creek or wooded trail. Many people have built elaborate patios and decks where they can sit and enjoy the views.
There are currently 4 homes in the active MLS today, with prices ranging from $639,900 to $795,000. Only one of them is a short sale. The homes in escrow include 1 bank owned, and 1 short sale, and the 3rd has actually been leased, so it’s not really in escrow. Closings this year have ranged from $615,000 to $730,000.