Lake Forest Real Estate Report Nov 2012

Lake Forest Real Estate Report

South Orange County Real Estate

November 2012

Lake Forest Real Estate at a Glance:   Volume has been fairly consistent and strong in Lake Forest with a reasonable number of transactions every month. Active inventory is slightly low relative to the average number of monthly transactions heading into the holiday season.

South Orange County Real Estate General Economic Conditions: rates remain at historic lows increasing affordability, inventory is low throughout South Orange County Real Estate as general economic uncertainty has delayed many sellers from putting their homes on the market and volume has remained fairly consistent.

Detached Homes

Current Active Inventory 33

Current Average List Price $599,119

Behind the Numbers

Average volume past 3 months 46

Average sales price past 3 months  $533,518

Prices consistent and on a slight general uptick for the year

Volume  staying fairly consistent and strong

 

 

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 22

Current Average List Price $282,786

Behind the Numbers

Average volume past 3 months 33

Average sales price past 3 months  $243,820

Prices  trending upwards

Volume  staying fairly consistent

 

 

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. Prices have stabilized so don’t expect to get a large increase over recent sales but you can expect to sell for the same or slightly more. 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 Lake Forest Real Estate, OC real estate
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