LAKE FOREST PRICES HAVE

DROPPED 8.9% Since the MAY Peak

Lake Forest North & South

May 2022

Oct 2022

Today’s Active Listings

Av. Sales Price

$1,203,505

$1,094,721

$1,214,031

Av. Sq.Ft.

2,097

2,083

2,064

Av. Days on Market

8

27

55

Interest Rate

5%

7.1%

7.1%

Av. Payment (20% DP, 30 yr fixed)

$5,170

$6,568

$7,284

Many Sellers and their Realtors continue to list

homes at May peak prices.

FACT: High interest rates & high list prices have driven many buyers from the market.

FACT: Av. list price today is $119,311 ABOVE market!

FACT: Av. days on the market for these overpriced listings is 55 and counting…

If you truly want to sell your home, hire the Realtors who understand the local market and will get it done!

LaVonne & Herb

949-395-7475

Selling Lake Forest Properties Since 1998