The homes in Lake Forest Keys are a lot less expensive this year than last! A short sale was just posted as closed today at $725,000 for a home that had sold almost exactly a year ago for $1,250,000! That is definitely not good news for the comps in the neighborhood. It was the first distressed home on the waterfront that has closed this year, but there is also a bank-owned waterfront that came on the market about 10 days ago at $763,900. Several listings have been cancelled recently as those who don’t have to sell are deciding to wait for better times.
I just figured out how to embed Google Maps into this blog, so I will be adding them for each neighborhood! Here is the one for the Keys : (You can click on it to zoom in for a close-up)
Click below for the latest market report of all real estate activity this year in the Lake Forest Keys neighborhood: