Forest Creek has always been a popular neighborhood in Lake Forest, and the values seem to be holding better than other neighborhoods. When properties are priced correctly (not at the 2005 real estate frenzy levels) , they are selling very quickly.
There is currently one bank-owned foreclosed property on the market and one totally remodeled “green home” available. The homes that are in escrow now, all sold much faster than the average 81 days that it is taking to sell in Lake Forest. (I represented the buyers on one of those homes in escrow, and have 2 other buyers who are waiting for the right home in Forest Creek to come on the market, so please call me if you hear of one coming up!)
Report of this year’s activity : Forest Creek Homes 8-09-2008