Market Trends Lake Forest
A comprehensive array of real time market statistics for Lake Forest California (including Lake Forest, Foothill Ranch and Portola Hills). We offer this service free of charge, so you can research market trends to better understand what’s going on in your neighborhood or area of interest. A well informed buyer or seller makes better real estate decisions, and is more likely to refer us to their friends and co-workers after a successful transaction is completed. We also generate market reports on a weekly basis which detail real estate market statistics outlines above, for your area(s) of interest. All of our reports and statistics are updated weekly, so you are updated about pricing and inventory trends as soon as possible.
Median Sale Price
Days On Market
Market Action Index
Definition: This is an at-a-glance measurement of market conditions. Primarily, it shows whether it's a Buyer's or Seller's market. The Index is a barometer of real estate supply and demand. A value above 30 indicates demand is relatively robust, which is referred to as a Seller's Market. Below 30 is a Buyer's Market.
Here's why this is helpful to you... Use the Market Action Index as a measurement for the relative health of a market and as an indicator for prices. When markets fall into Buyer's territory prices will likely follow with a downward trend. When markets fall into Seller's territory prices will likely follow with an upward trend.
Cash or Financing A home which was foreclosed upon, not purchased by a 3rd party at the trustee sale and is now owned by the bank. It is important to note that it may or may not be available for purchase at this time. Check with us for more details. If you will be financing a home purchase rather than paying cash then bank owned homes are what you are looking for.
Cash Only A home for which a Notice Of Trustee Sale (Often referred to as NTS, NOT or NOS) has been issued and a foreclosure sale date assigned. It is important to note that the sale date is often delayed or postponed. Interested parties are required to pay cash in certified funds at the time of sale. A home which has a pending trustee sale may or may not be actively listed and/or listed as a short sale. If it is listed then financing as usual is available to prospective purchasers however the pending trustee sale date should be closely monitored.
Cash or Financing A home for which a Notice Of Default (Often referred to as NOD) has been issued is often termed a preforeclosure. The owner has defaulted on payments and a Notice Of Default has been recorded at the county recorder's office. If, after 90 days, the owner remains in default a Notice Of Trustee Sale may be issued and recorded which allows for the trustee sale to occur 21 days following the NOTS.