This Market Update is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Lake Forest. This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 74 detached homes listed for sale in Lake Forest, California. The median price of these homes for sale is $549,900 and the average price per square foot is $272. 16 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246.
For homes under contract, there are 129 detached homes in escrow on this date, and the median price is $450,000. Of this total, 78 are short sales in escrow, which is 60% of the total detached properties in escrow in Lake Forest, and the short sale median price in escrow is $446,050.
In the past 3 months, there have been a total of 95 detached homes that have sold and closed escrow in Lake Forest. The median price was $485,000 and the average price per square foot was $245. Of this total were 33 were short sale properties in the city of Lake Forest in the past 3 months. This number of sold short sales is 35% of the total. The median price was $410,000, and the average price per square foot was $222.
If you would like more information about short sale real estate, feel free to click the following link to visit our website at: Lake Forest Short Sale Homes and Condos for Sale. To speak with a Short Sale Realtor, or to set an appointment, feel free to call: (888) 201-7066, or email us at: [email protected].