The Indian Hills neighborhood has finally had its first closed sale of the year. The house on Comanche had previously sold for $635K in April of 2005. As a short sale, this time, it sold for $475,000. It's hard to say if the full value was realized, but the bank did approve it, so it's now ...
The Lake Forest Keys real estate activity has been busier than the other Lake Forest II neighborhoods this year. There are currently 18 homes on the market, including one short sale. Two homes are in escrow now, and seven have sold and closed. Prices have definitely decreased from the highs of 2005 & 2006, but it is ...
There still have been no closings in the Lake Park West neighborhood. There are currently 8 homes on the market, including 2 that are bank-owned. There are 2 others that are bank-owned, but not currently listed for sale. One bank-owned home is in escrow, as well as another home that was sold by a relocation ...
The Prairie Ridge neighborhood has had no closed sales yet this year. There are currently 2 homes available, one of them is bank-owned and needs a lot of work, but it is in a good end-of-cul-de-sac location. Prairie Ridge Homes YTD 4-16-08 What other ...
Homes in the Woods neighborhood of Lake Forest II are selling if they are "move-in ready," easy to schedule to show, and well priced relative to the size, condition and location. There are currently 2 short sales on the active market, one bank-owned in a "hold" status, another (probably now) bank-owned that was cancelled ...
The 4 homes in Forest Creek that are in the active status on the MLS include 2 short sales and 1 that is bank owned. There is at least one additional foreclosure that should be coming on the market in the next month or so. So far this year, there have only been 3 closed sales. For a ...
Lake Forest II is not immune to the ills of the housing market. While the total % distressed homes on the market is much less than average for Orange County, we still have some properties that went back to the banks. I am aware of another 15 homes that are scheduled to go to trustee sale ...
So far this year, there have been 3 sales in Lakeside Park. All of the sales have been bank-owned. There are currently 9 active listings in the neighborhood. All of them are short sales and all but one were purchased within the last 2 years using 100% financing. These "sellers" never had any equity in these properties, ...