Sales this year have been lead by the short sales and foreclosures.  The traditional sales have generally sold quickly when well-priced, but some sellers just couldn’t bear to lower their price to compete with the distressed sales.  Those who didn’t really want or need to sell, either withdrew, or allowed their listings to expire.

So far this year, there have been 65 homes that have closed through the MLS.  I compared this to the Sun & Sail Club’s records, and they have collected transfer fees for 70 properties, so obviously some sold outside the MLS.  The prices have ranged from $223,000 for a bank-owned condo, up to $1,140,000 for a short sale on the lake front.

The total active listings in Lake Forest II today is only 23.   Of those, several of them have delusional prices and I think they are mentally living in 2006.  I’m not going to point them out, because that wouldn’t be nice, but you should be able to find them by looking at the lists.  (Hint -  the highest priced non-lakefront home that sold this year was my listing on Sawmill that closed at $633,000 in June, a highly upgraded 2900 square foot house with a 3 car garage and big back yard.) There are a few short sales too.

Here are the links to today’s LFII active listings (check the line that says “Special Conditions” to see if it is a short sale, REO, or standard sale.)  These links will only work until 11/09, when the MLS makes them expire.

North of Lake Forest Drive

South of Lake Forest Drive

I will update all the neighborhood reports for this year on Monday afternoon, so please check back then to see exactly what has sold since January 1, 2009.

Do you want some fun, cheap entertainment?  Next Friday, the 16th, there will be another Comedy Night at the Sun and Sail Club.  For only $16, you get 2 pieces of pizza and a beer, plus some great entertainment right in our own backyard!  Alisa Millers, the recreation manager at LF2 set this up, and you can read about the scheduled entertainers at her website. You can order your tickets online, or save the handling fee and run down to the front desk and get them in person.  Hope to see you there!

PS – I have some buyers waiting for homes in Lake Forest II, so if you know of one coming up soon, please call or email me to let me know!

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Thanks for reading!