Lake Mary Real Estate News July 2010
By Debbie Summers, Lake Mary REALTOR on July 8th, 2010Lake Mary Homes For Sale
Homes & Condos for sale: 388
Properties listed as short sales: 98 or 25%
Bank Owned/REO Properties: 28 or 7%
The current inventory of homes available for sale in Lake Mary declined 7% last month. Typically as we go through the “Summer Home Buying Season” we see an increase in inventory as more homes enter the marketplace. We will be watching to see if the decrease in inventory is a trend towards a more balanced market.
Lake Mary Homes Under Contract
Homes & Condos under contract: 198
Short Sales: 103 or 52%
Bank Owned/REO: 52 or 26%
Distressed Properties make up 78% of the homes under contract.
Lake Mary Home Sales
June Home Sales: 80
Short Sales: 20 or 25%
Bank Owned/REO: 23 or 29%
Home Sales in Lake Mary, Florida
Lake Mary Real Estate Market Fact: 54% of the homes sold in Lake Mary, Florida during the month of June were distressed properties.
Lake Mary Real Estate Statistics and homebuyers… Currently one-third of the homes for sale in Lake Mary are distressed properties. There continues to be an available inventory of homes to purchase that are homeowner owned and are not in pre-foreclosure, distress or bank owned. If you are considering purchasing a distressed property, please consult with a Certified Distressed Property Expert / CDPE, they have advanced education and are experienced with these more complicated sales.
Real Estate Market Trends and The Lake Mary Homeowner… Understanding the current market value of your home can greatly determine the success in selling your home. The impact of short sales and foreclosures has had on the market is quite significant and is determined on a town by town and neighborhood by neighborhood basis.
If you are considering selling and want more information about the value of your home, please visit our website for a free home valuation.
Want to learn more about buying or selling a home in Seminole County? Please email your questions to Debbie@MoveToLakeMary.com
You might want to read: June 2010 Lake Mary Real Estate Report
Related posts:
Copyright © 2012. All rights reserved.
[...] Lake Mary Real Estate Sales Report – July 2010 Categories: Homebuyers, Homeowners, Relocating? [...]
[...] Lake Mary Real Estate July 2010 | Move To Lake Mary Blog [...]