Lake Forest Real Estate Report March 2013

Lake Forest Real Estate Report

Lake Forest Real Estate at a Glance:   Prices continue to increase and anything hitting the market is getting attention making it a great time to be a seller of Lake Forest Real Estate. For buyers the market is a lot tougher so they need to act quick and be prepared.

South Orange County Real Estate General Economic Conditions:  Low inventory continues to make this a tough market for buyer and a great market for sellers. The record low interest rates and decreasing demand as you move up in property price makes this the ideal time for move up buyers.

Detached Homes

Current Active Inventory 31

Behind the Numbers

Average volume past 3 months 43

Prices consistent and on a slight general uptick for the year

Volume  staying fairly consistent and strong

lf detached price and volume

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 –  Demand is much higher than supply right now making it the ideal time for sellers. Move up sellers get a triple bonus from high demand for their home, decreased demand for high priced properties and rates still at records low. 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 9

Behind the Numbers

Average volume past 3 months 37

Prices  upward trend is established and should continue as the year progresses

Volume  outpacing available inventory creating short sales cycles

lf att price and volume

What this means for

Buyers – move quick and be prepared for multiple offer situations. 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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Providing the highest level of personal service in South Orange County Real Estate. Helping buyers and sellers in the 949 since 1999! Google

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