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 distressed home on the waterfront that has closed this year, but there is also a bank-owned waterfront that came on the market about 10 days ago at $763,900.  Several listings have been cancelled recently as those who don’t have to sell are deciding to wait for better times.

I just figured out how to embed Google Maps into this blog, so I will be adding them for each neighborhood!  Here is the one for the Keys : (You can click on it to zoom in for a close-up)

[googlemaps http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&t=h&msid=105101591635356472650.000455f02a10ed48f4674&s=AARTsJpoTSGUJaASZfTKNClGimBrxn_xAw&ll=33.645421,-117.703829&spn=0.010718,0.017166&z=15&output=embed&w=400&h=300]

Click below for the latest market report of all real estate activity this year in the Lake Forest Keys neighborhood:

Lake Forest Keys Homes YTD 9/02/2008

Do you want to search for other homes?  Click here to view all 14,000+ homes in the MLS!