Lake Forest Real Estate Market Sees Sales Down

The Lake Forest market pulled back with a 16.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 80.1 monthly average with 68 homes sold. In comparison, nearby Irvine had 229 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $558,500 over the latest reporting period for Lake Forest, down from $560,000. With only three months of inventory to sell, Lake Forest is a seller's market, in spite of the dip in sales.

If you need more bedrooms, take a look at these homes in Lake Forest that offer more than other listings:

$860K   $1M   $1.2M  

Get started right now by checking out Lake Forest homes for sale or reviewing Lake Forest real estate trends.

Demographic facts for Lake Forest:

  • The median value of all homes in the area is $436,400.
  • This area usually gets 34 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 8.1%.
  • For every teacher there are 23.5 students in this area. (15.3 = national average)

Data reported through 10/19/2016

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