Lake Forest 2 Homes & Neighborhoods

I have downloaded the lists from several sources of foreclosure data, but I can see many discrepencies that will need more analysis. Some of the properties labeled as “bank owned” were actually purchased by investors. Some of the properties that are scheduled for auction, are in escrow, or have already been sold as short sales, but the records have not yet been updated. And a few are in the middle of loan modifications. It takes some digging to get an accurate picture of what is really going on out there!

The gross data right now shows troubled homes by neighborhood :
Forest Creek – 14
Indian Hills – 5
Lake Forest Keys – 8
Lakeside Park – 7
Lake Park West – 10
Parkwood Estates – 3
Parkwood Estates 2 – 5
Park Place – 2
Prairie Ridge – 4
Ranchwood – 3
Serrano Ridge – 9
Serrano Woods – 3
The Oaks – 4
The Woods – 5

I’ll work over the data and figure out the actual status on each neighborhood tomorrow!

Here are the latest year-to-date lists of activity for half of the Lake Forest II neighborhoods:

Lakeside Park Condos

The Woods of Lake Forest II

Prairie Ridge

The Oaks

Serrano Ridge

Lake Forest Keys

Forest Creek

I’ll post the rest of the neighborhoods tomorrow.  Please check back then, I hope to have them completed by early afternoon.

The Woods

Lake Forest Keys

Serrano Ridge

Ranchwood

Lakeside Park

Lake Park West

Indian Hills

Forest Creek

The Oaks

Serrano Woods

Parkwood Estates II

There are currently no listings on the MLS in Prairie Ridge, Parkwood Estates, or Park Place.  You could be the first this year – call me if you are thinking about buying or selling anywhere in Lake Forest.

Don’t miss the next exciting update to this blog – click on the envelope to be notified by email! 

Thanks for visiting!

Sales in Lake Forest II were pretty slow in 2008, with the majority of them being either short sales, or bank owned.  The following reports are all PDFs and include all sales for each neighborhood in 2008.

The Oaks 2008 Sales

Ranchwood Sales 2008

The Woods Sales 2008

Lakeside Park Sales 2008

Lake Forest Keys Sales 2008

Indian Hills Sales 2008

Forest Creek Sales 2008

Serrano Woods Sales 2008

Lake Park West 2008 Sales

Parkwood Estates Sales 2008

Park Place Sales 2008

Prairie Ridge Sales 2008

Serrano Ridge Sales 2008

There were no closed sales in Parkwood Estates II neighborhood in 2008.

There are only 31 active listings in Lake Forest II neighborhoods as of January 6, 2009 :

Forest Creek – 4 actives

Indian Hills – 2 actives

Lake Park West – 1 active

Lakeside Park – 2 actives

Lake Forest Keys – 10 actives

Parkwood Estates 2 – 1 active

Ranchwood – 2 actives

Serrano Ridge – 1 active

The Oaks – 4 actives

The Woods – 3 actives

There are currently no active listings in Serrano Woods Condos, Parkwood Estates, Park Place, or Prairie Ridge.  (If you have been thinking about selling, there is very little competition right now!) 

I decided to update all the neighborhoods in one post today so you can see all the year-to-date activity for each neighborhood.  I am trying out a new report format, so let me know if you like it or not. 

I like this new report because it includes all the photos for each property, and will update itself if the price or status changes.  A new field called “Special Conditions” is under the property description and will tell you if the property is a short sale, or REO listing.  It also shows the $/square foot price of each property which I think may be valuable to the analytical types.  These links will all expire in 30 days, but I will provide all the new reports before then. 

Serrano Woods Condos

The Oaks

Forest Creek

Indian Hills

Lake Park West

Lakeside Park

Park Place

Parkwood Estates

Parkwood Estates 2

Prairie Ridge

Ranchwood Homes

Serrano Ridge

Lake Forest Keys

The Woods

Here are the latest neighborhood reports for Lake Forest II real estate.  The activity is fairly quiet and there haven’t been a lot of changes, so I’ll save my comments about these neighborhoods for future posts.

Serrano Woods Condos 8-17-2008

Ranchwood Homes 8-17-2008

Lake Park West 8-17-2008

Prairie Ridge 8-17-2008

Parkwood Estates 8-17-2008

The Prairie Ridge neighborhood has been pretty quiet so far this year.  There is currently one home listed for sale on the MLS, and one that expired on January 1st.  Since the expired home was vacant, and it has not come back on the market yet, I am betting that the owner has decided to rent it and wait for a better market to sell in.  Another home that went off the market in October, was foreclosed on January 23, so after the bank does it’s processing, it should come back on the market in the next few months.   

Click here for the latest market activity in the Prairie Ridge neighborhood of Lake Forest California.