Monthly Archives: September 2008

Indian Hills Homes in Lake Forest II California

[googlemaps http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=105101591635356472650.0004575ea0241557e2261&t=h&s=AARTsJqowP2wIoQ1WkjbS7Zz3F_bs80ULw&ll=33.643492,-117.686555&spn=0.007145,0.008583&z=16&output=embed&w=400&h=400] The homes in the Indian Hills neighborhood are currently priced from $559,900 for a 4 bedroom + loft bank-owned REO, up to $729,000 for the same model, not owned by a bank.  They each have a 3 car garage, and are in fairly good locations.  The bank-owned home, not surprisingly, needs some work, but ...

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Bank Owned Homes in Lake Forest II

Lake Forest II homes are not immune to the conditions of the real estate market.  So far this year, 35 (1% of the total HOA) bank owned (REO) properties have been offered for sale in Lake Forest II.  Today, we have 6 homes available in the active status, 8 in escrow, 1 on hold, and 20 that ...

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The Oaks Homes in Lake Forest

[googlemaps http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=105101591635356472650.00045758806104f43f143&t=h&s=AARTsJpAGnR0Fd3A_LySng_KfG55P5Ze7A&ll=33.646171,-117.69825&spn=0.005805,0.00751&z=16&output=embed&w=350&h=325] It looks like the first closing in the Oaks neighborhood this year will be a bank-owned home.  It is one of the 4 bedroom single story homes that came on the market on August 22, priced at $474,900, and went in to escrow on September 15.   Since it was on the market more than ...

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Lake Forest Keys Homes in Lake Forest California

The homes in Lake Forest Keys are a lot less expensive this year than last!  A short sale was just posted as closed today at $725,000 for a home that had sold almost exactly a year ago for $1,250,000!  That is definitely not good news for the comps in the neighborhood.  It was the first ...

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Forest Creek Homes in Lake Forest 9-02-08

[googlemaps http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=105101591635356472650.000444825a48c8bf5f7f5&t=h&s=AARTsJq0XeML0JYxXxOAL6pQ3DrOJ4Cnzg&ll=33.651566,-117.697778&spn=0.008931,0.017166&z=15&output=embed&w=400&h=250] Forest Creek had 2 more closings at the end of August, bringing this year's total up to 11.  One of those sellers moved due to a job transfer, and the other one is retiring out-of-state.  Both listings sold quickly.  In a "normal" year, we would expect around 16 to 18 of the homes in the ...

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