Lake Forest Real Estate Report Feb 2013

Lake Forest Real Estate Report

Lake Forest Real Estate at a Glance:   Lake Forest real estate saw the expected decrease in volume for the holiday season but is prone to take off as 2013 continues. Prices have been strong and should show a slight increase as the year continues.

South Orange County Real Estate General Economic Conditions: South Orange County Continues the trend of very low inventory creating short sales cycles for sellers. Today it is typical for a appropriately priced and well marketed home to be in escrow in a week. Prices continue to slowly move up as record low rates keep buyers demand high.

Detached Homes

Current Active Inventory 32

Behind the Numbers

Average volume past 3 months 45

Prices consistent and on a slight general uptick for the year

Volume  staying fairly consistent and strong

Lake Forest Real Estate Volume Lake Forest Real Estate Prices graph

What this means for

Buyers – buyers have to move quick to get the best options in Lake Forest since the available inventory is less than the average monthly transactions. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market and find the best Lake Forest home for you.

Sellers –  Prices have stabilized and volume remains steady and the available inventory is slightly low compared with market demand making it a great time to put your Lake Forest real estate on the market. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

Attached Homes

Current Active Inventory 14

Behind the Numbers

Average volume past 3 months 38

Prices  continue to trend upwards

Volume  outpacing available inventory creating short sales cycles

lake forest real estate volume attached homes lake forest real estate prices attached homes

What this means for

Buyers – attached Lake Forest homes for sale inventory is slightly lower than the average monthly volume so buyers need to move quick. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market.

Sellers – The inventory is somewhat low for the average monthly demand providing an opportunity to list your Lake Forest real estate and get a good price and a quick transaction. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

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Posted in for buyers, for sellers, Lake Forest Real Estate, OC real estate
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