Frequently Asked Questions
What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Lake Forest, CA usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Lake Forest, CA hold their value?
Yes, especially in fast-growing areas of Lake Forest, CA. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.
Home Trends in Lake Forest, CA
On average, homes in Lake Forest, CA sell after 43 days on the market compared to the national average of 53 days. The median sale price for homes in Lake Forest, CA over the last 12 months is $1,200,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$1,200,000
Median Single Family Sale Price
$1,372,500
Median Townhouse Sale Price
$996,250
Median 2 Bedroom Sale Price
$610,000
Median 1 Bedroom Sale Price
$448,750
Average Price Per Sq Ft
$660
Number of Homes for Sale
112
Last 12 months Home Sales
587
Median List Price
$1,250,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
0%