Lake Mary Florida Real Estate – Right Now!
By Debbie Summers, Lake Mary REALTOR on February 11th, 2010
Lake Mary Homes For Sale
Homes & Condos for sale: 379
Properties listed as short sales: 103 or 27%
Bank Owned/REO Properties: 35 or 9%
The available inventory of homes for sale has been stabilizing over the past 90 days. Currently, distressed properties make up 36% of the available homes for sale in Lake Mary, Florida.
Lake Mary Homes Under Contract
Homes & Condos under contract: 164
Short Sales: 103 or 66%
Bank Owned/REO: 21 or 17%
Distressed Properties make up 76% of the homes under contract.
Lake Mary Home Sales
January Home Sales: 47
Short Sales: 11 or 23%
Bank Owned/REO: 16 or 34%
January Home Sales in Lake Mary, Florida
Lake Mary Real Estate Market Fact: 57% of the homes sold in Lake Mary, Florida during the month of January 2010 were distressed properties.
What this means to Lake Mary homebuyers and homeowners… We continue to see distressed properties entering the market place at prices that are under market value and these homes are selling, often within days of being listed. This is an opportunity for buyers to purchase homes at a much more affordable price, but “traditional sellers” who are not in distress are compelled to compete with short sales and foreclosures or wait for a buyer who’s desire for their property out ways their need to get a “deal”, and yes this does happen.
Please contact me for detailed information about homes that are currently on the market or have recently sold. If you have questions about current market trends or if you would like a valuation of your property’s current market value, I’m always here to help.
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