Lake Forest Home Sales Report September 2010

Sales volume for September in Lake Forest, California is up from last year! This year, 62 homes and condos closed escrow between September 1 and September 30, compared to only 50 during the same period last year. The distressed sales (short sales & foreclosures) represented 53% of the sales compared to 42% last year.

The price range of the 30 single homes sold went from a low of $398,000 up to $910,000. The average price was $510,079 at $265 per square foot.

For condos, the total number sold was 32 with a closed price range of $113,000 to $410,000. The average sold price was $241,234 at $224 per square foot.

There are 200 “Active” listings today on the MLS ranging from from $104,900 for a one-bedroom condo up to $1,650,000 for a custom “point home” on the lake front. If you have been thinking about buying a home in Lake Forest, there are a lot of choices right now!