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.
Category Archives: The Woods
There are currently no listings on the MLS in Prairie Ridge, Parkwood Estates, or Park Place. You could be the first this year – call me if you are thinking about buying or selling anywhere in Lake Forest.
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Sales in Lake Forest II were pretty slow in 2008, with the majority of them being either short sales, or bank owned. The following reports are all PDFs and include all sales for each neighborhood in 2008.
There were no closed sales in Parkwood Estates II neighborhood in 2008.
There are only 31 active listings in Lake Forest II neighborhoods as of January 6, 2009 :
There are currently no active listings in Serrano Woods Condos, Parkwood Estates, Park Place, or Prairie Ridge. (If you have been thinking about selling, there is very little competition right now!)
I decided to update all the neighborhoods in one post today so you can see all the year-to-date activity for each neighborhood. I am trying out a new report format, so let me know if you like it or not.
I like this new report because it includes all the photos for each property, and will update itself if the price or status changes. A new field called “Special Conditions” is under the property description and will tell you if the property is a short sale, or REO listing. It also shows the $/square foot price of each property which I think may be valuable to the analytical types. These links will all expire in 30 days, but I will provide all the new reports before then.
There are currently 5 active listings in The Woods neighborhood. Two of them are bank-owned, 2 are short sales, and 1 is a traditional owner occupied listing. The 2 bank-owned homes are priced at $519,900 and $630,000. The one at $519,900 was in escrow, but fell out yesterday. The other bank-owned home appeared to be aggressively priced for the large size (2912 square feet) and good cul-d-sac location when it first came on, but when I went through it, I saw that there has been some (probably water) damage to the hardwood floors, so the expense involved to repair it may be substantial.
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.