How’s the Real Estate Market in Lake Forest, California?

Sun and Sail Lake and Mtns shotWhen I meet a new person and tell them that I am a Real Estate broker in Orange County, the first words out of their mouth are, “How’s the market?”  The answer to their question depends on what city and what price range they are inquiring about.  If you are wondering about Lake Forest single family detached homes, click on this link:

www.firstteam.com/jeneanhill/docs/LakeForestMarketActivityIndexFeb2010.pdf

You will see that there were 62% more homes on the market this time last year.  At the rate that they are selling, it would take 2.5 months for buyers to buy up all the inventory on the market if no more homes were listed.  This is a seller’s market.

If you are more interested in purchasing or selling a condo in Lake Forest, this is what the market looks like: 

www.firstteam.com/jeneanhill/docs/LakeForestCondoMarketActivityIndexFeb2010.pdf

We have about 1/2 the number of condos on the market this year compared to last.  If no more condos were listed, it would only take about a month and 3 weeks to completely run out.  This is an even stronger seller’s market. If you are thinking about selling your condo, just about any agent can sell your condo quickly in this market.  On the other hand, if you want to sell your place for more than your neighbor sold theirs for, watch my video at:  http://www.youtube.com/watch?v=vZ5DCWlNC18

and see how my last condo brought in 48 offers in 48 hours. One of my sellers called my system “rocket science” and I think you’ll agree that I have the degree.

Interested in any other Orange County city?  I can put together a chart of exactly what is happening in your price range.  Just ask. 🙂

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