Thu Dec 01 2022
This week the median list price for Lake Forest, CA is $1,495,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 75.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,495,000|
|Median Price of New Listings||$1,495,000|
|Per Square Foot||$613|
|Average Days on Market||71|
|Median Days on Market||56|
|Slight Seller's Advantage|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,156,754||3,439||0 - 4,500 sqft||5||5||50||2||0||87|
|$1,699,990||2,677||0 - 4,500 sqft||4||4||39||2||2||42|
|$1,265,000||2,400||4,500 - 6,500 sqft||4||3||43||2||3||49|
|$948,000||1,504||4,500 - 6,500 sqft||4||2||45||3||4||56|