This is the monthly recap for the Lake Mary Real Estate Market for the month of November 2008.  The home sales information for Lake Mary includes the zip code 32746 and includes Heathrow, Florida.  Lake Mary was voted the #1 Place to Live in Florida by Money Magazine/CNN.com in 2007.

Lake Mary is one of the top choices for Seminole County home buyers.  Just a short 15 minute drive to downtown Orlando and 45 minutes to the Theme Parks & Beaches.  Lake Mary is the “Premier” Orlando Bedroom Community.

Lake Mary had another strong month of sales, November actually saw an increase in sales while most areas continued to see a decline.  The number of homes under contract continues to remain solid, indicating no further decline of sales in the near future.

Lake Mary Market Snapshot – November 2008

Lake Mary Home Sales 5 Year History

November 2007:  32

November 2006:  54 – Decline of Seller’s Market

November 2005   64 – Height of Seller’s Market 

November 2004:  59 – Beginning of Seller’s Market

November 2003:  53

The Lake Mary Home Sales Flashback makes it easy to see how the market has changed over the past five years, from the height of the seller’s market in 2005 to the post sub-prime mortgage meltdown of 2008.  If you have question about selling your Lake Mary home, please contact me for a free, no obligation home valuation and an explanation of what the current Lake Mary market conditions means to you.

If you are thinking about purchasing a home in Lake Mary or Seminole County, please contact me… Mortgage rates are at historic lows, call me to find out how these lower rates affect your buying power.