LAKE FOREST 2020 SALES REPORT

Lake Forest ends 2020 in a

sizzling hot seller’s market!
(To view the list of the homes that sold in each tract, go to the home page and click on the Featured Community (Tract) then click on 2020 Sales Report). 


The extremely low inventory of homes for sale, coupled with historically low

interest rates drove prices up. Buyers were faced with competing in relentless

bidding wars trying to get an offer accepted. The experts predict the pace to

continue into 2021, as long as interest rates and the supply of homes remain low.

Real estate market trends are LOCAL. What is reported in the US, California and Orange County housing market may be very different from the Lake Forest market. 

This report compares data from 2020 to 2019 - Single family homes located in Lake Forest North and South. Lake Front properties and Baker Ranch each have their own category (does not include Portola Hills, Foothill Ranch, or new homes).

LAKE FOREST NORTH & SOUTH

2020

2019

Average Sales Price:

$809,367: ↑ 7%

$757,151

Average Square Feet:

2,038: FLAT

2,044

Average Cost/Sq.ft:

$397: ↑ 7.3%

$370

Sales Volume:

370: ↑ 10%

337

LAKE FRONT PROPERTIES

2020

2019

Average Sales Price:

$1,192,127 ↑ 14.2%

$1,044,333

Average Square Feet:

2,476 ↑ 9.4%

2,264

Average Cost/Sq.ft:

$481 ↑ 4.3%

461

Sales Volume:

17 FLAT

18

BAKER RANCH

2020

2019

Average Sales Price:

$1,132,818 ↑ 12%

$1,012,873

Average Square Feet:

2,517 ↑ 10%

2,289

Average Cost/Sq.ft:

$450 ↑ 1.6%

$443

Sales Volume:

77 ↑ 35%

57

If you would like to find out how much your home is worth,

contact us for a free market analysis.

LaVonne: 949-395-7475 or Herb: 949-702-0594

 

Selling Lake Forest properties since 1998

Local knowledge & experience matters!