Charlottesville Real Estate – Forest Lakes Market Report 8/15/2010

The Forest Lakes market remains virtually unchanged in the past week. Information from our local CAAR Charlottesville Area Association of Realtors MLS indicates that out of approximately 1,400 homes in the Forest Lakes neighborhood there are just 23 homes for sale, only 3 of which are deemed distressed properties, and just a scant few for rent. In the past month there have been 5 Forest Lakes homes go under contract, while in the past three months there have been 23 homes go under contract. Could it be that there may be only three months of standing inventory? If you are looking for a great place to live that’s beautiful, clean, safe while being convenient to everything, please give Forest Lakes a look. It’s not only a great place to live and raise a family, it’s a great investment.