Lake Forest is a community in South Orange County that incorporates five unique communities with several different neighborhoods within each. Communities include: Lake Forest North, Lake Forest South, Bakers Ranch, Foothill Ranch and Portola Hills.
Below is quick look at how the real estate market performed overall in March for the entire city.
In Lake Forest the Median price to purchase a detached single family home was $677,000. Lake Forest home values were up 4.8%, with just over 2 months of inventory available.
For attached homes, the median price to purchase a home in Lake Forest in March was $397,500. Attached home values were up 4.6%, with just over 1 month of inventory.
If you are a condo, townhouse, paired home owner in Lake Forest and thinking of selling.... NOW IS A GREAT TIME! It's a great time for any homeowners, but year to date attached home sellers have seen a 17% increase in pricing. With just over a months of inventory, demand is high!!
As noted above the city is split out into different communities when it comes to real estate, below is a quick look at the how all the neighborhoods performed in march:
Lake Forest North:
- Median price of a detached home: $687,000 up 6.1% with 2.5 months of inventory available
- Median price of a attached home: $375,000 up 7.4% with 1.1 months of inventory available
Lake Forest South:
- Median price of a detached home: $637,000 down 1.2% with 2.2 months of inventory available
- Median price of a attached home $430,000 down 13% with 1.5 months of inventory available
Foothill Ranch:
- Median price of a detached home: $681,000 up 3.2% with 1.7 months of inventory available
- Median price of a attached home: $332,000 -7.8% with less than 1 month inventory available
- Median price of a detached home $749,000 down 5.7% with 1 month of inventory available
- Median price of a attached home: $577,000 up 32% with .5 months of inventory available
Reviewing these numbers you can see homeowners who are considering a move, have a huge opportunity to receive top dollar for their home. Homes that are priced well, presented well and marketed well sell and often times with multiple offers.
Wondering the value of your Lake Forest home, find out simply with our quick Home Value Report
Our home buyer pool is high, we have several buyers looking to buy in the area, so if you are considering listing your home, give us to a call to detemine if your home fits our buyers needs.
Like the way we look at things, check out our other informaton on Lake Forest:
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