Several days ago , a builder-client asked me about the number of new constructions currently on market in Lake Forest and more particularly, the number that have sold in the last 12 months.
Curiosity caused me to expand my inquiry to include both Lake Bluff, and Lincolnshire to that search...the numbers are eye openning.
Currently, there are 25 new constructions either finished or in some state of being built...with an average market time of 223 days. compared to 4 homes that have closed during that same period.
These numbers re-inforce the National Association of Realtors and the FEDS' analysis of this classification...but my study is narrowly focused to our communities, and gives rise to the recognition of the problems of our neighbors and friends in the building trades and their employees.
Now I understanding why there are few if any "specs"...
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