Lake Mary Florida Real Estate – Right Now
Lake Mary Homes For Sale
Homes & Condos for sale: 366
Properties listed as short sales: 103 or 28%
Bank Owned/REO Properties: 20 or 6%
The inventory of homes for sale has remained stable during the past 60 days. Distressed properties make up 34% of the available homes for sale in Lake Mary, Florida. An increase of 4% over December 1, 2009.
Lake Mary Homes Under Contract
Homes & Condos under contract: 142
Properties listed as short sales: 93 or 66%
Bank Owned/REO Properties: 24 or 17%
Distressed Properties make up 83% of the homes under contract.
Lake Mary Home Sales
November Home Sales: 70
Properties listed as short sales: 12 or 17%
Bank Owned/REO Properties: 23 or 33%
December Home Sales in Lake Mary, Florida
Lake Mary Real Estate Market Fact: 50% of the homes sold in Lake Mary, Florida during the month of December 2009 were distressed properties. This is a 5% increase from the month of November.
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. This is an opportunity for buyers to purchase homes at a much more affordable price, but “traditional sellers” who are not in distress are forced to compete with these homes in an open market and often have to price their homes in line with short sales and foreclosures. Staying informed of your home’s value is very important. Please contact me if you have questions about current market trends.
