Lake Forest real estate trends are currently producing some flat line charts when we look at the last 10 years. Currently, the average price per square foot and the median sales price for homes in Lake Forest have slightly decreased in comparison to last year. One thing is definite; looking at the overall market does not help a Lake Forest homeowner determine how much their house is worth. Our Professional REALTORS® can accurately analyze the competition in your neighborhood, your block, or your street. Start working with Realty ONE Group by getting a custom home valuation report today.

Lake Forest has two “lakes” from which the city gets its name. The lakes are man-made, condominiums and custom homes ranging from large to small line their shores. The Lake Forest Beach and Tennis Club and Sun and Sail Club feature tennis courts, gyms, basketball courts, barbecue pits, volleyball courts, multiple swimming pools, saunas, hot tubs and club houses for social events. The “forest” for which the city is also named lies in the area between Ridge Route, Jeronimo, Lake Forest and Serrano roads, and consists mostly of Eucalyptus trees. It began in the 1900s when a local landowner, Dwight Whiting, planted 400 acres of Eucalyptus groves in the vicinity of Serrano Creek as part of a lumber operation. In the late 1960s, the Occidental Petroleum company developed a residential community in and around the Eucalyptus groves which had long since expanded and grown much more dense.

Source: Wikipedia Lake Forest, CA