About Daphne's Lake Forest

Lake Forest Golf Course Community

If you were to study the only the sales data, you might label Lake Forest a subdivision on the decline. Lake Forest continues to produce a high percentage of foreclosures and short sales, which are driving prices down and creating an exodus of long time residents. The distressed sales are driving prices down and forcing traditional sellers to lower their prices in an effort to stay competitive.

These negative market conditions have created some incredible buying opportunities for first-time and retired home buyers, looking for a good deal. Lake Forest offers golf course home-sites, as well as lake front living. There are a multitude of community amenities, to include golf, tennis, 3 swimming pools and yacht club. In addition to a strong amenity package, Lake Forest also features one of the best locations in Daphne, AL. Lake Forest residents are close to everything, most notably Interstate 10, which makes for an easy commute to Mobile, AL.

• Search Lake Forest Homes for Sale in Daphne, AL

The Daphne, Alabama Lake Forest development is the largest residential community in the State of Alabama. Lake Forest has around 3,400 property owners with approximately $38 dues per lot. This PUD development has a clubhouse, golf courses, horseback riding stables, swimming pools, tennis courts and a yacht club on Mobile Bay. Lake Forest is located on the south side of U. S. Interstate Highway 10, east side of U. S. Highway 98, and located near major regional shopping centers.

Lake Forest is conveniently located near Historic Downtown Mobile, Alabama by traveling about 15 minutes west across the I-10 Bay-Way. Gulf Shores, Orange Beach and Alabama's white sandy beaches and blue-green waters of the Gulf of Mexico are located only about a 35-minute drive south southeast.

Currently, Lake Forest has at least thirty-eight (38) active MLS (Multiple Listing Service) REALTOR listings. Most of the listed homes have 1,300 to 3,000+ square feet (varies from unit to unit) and the asking prices will primarily range from $125,000 to $255,000.

There have been around forty-eight (48) MLS home sales in the past twelve months according to the Baldwin County Association of REALTORS. The vast majority of these Lake Forest home sales ranged from $75,000 and $210,000.

The Sales Per Month Absorption Rate is currently 4.33 homes per month in Lake Forest. With 38 active listings, the current housing supply is 8.78 months (38 active listings divided by 4.33 home sales per month).

Lake Forest 's Median Comparable Sale Price is now $108,000 compared to $120,000 four to six months ago. The days on market (dom) appears to mostly range from 96 days to 147 days over the past 12 months.

Lake Forest 's Median Sale Price as percentage of list price has slipped slightly over the past twelve (12) months: 96.445%, 7-12 months ago; 96.077%, 4-6 months ago; past 3 months, 94.943%.

For more information about Lake Forest, go to this weblink, http://www.lakeforestpoa.com/.

Albert Cheney, Cheney Appraisal Services, covers the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry.

Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a "Certified" real estate appraisal report.

This Daphne, Alabama home is sold! While it is too late to get in on this great deal, there are so many others out there. If you would like the skinny on some others available, shoot me an email and I will direct you to some of the best deals around, from Mobile to Gulf Shores.

I think one of my favorite moments in Real Estate, is when Buyers get the keys to their new home. This one in Lake Forest was no exception. Smiles all around when this Daphne, Alabama home Sold!