Lake Mary Real Estate Market Update – February 2012

Lake Mary Home Sales February 1 – 28, 2012

Fountain at Lake Mary City Hall - Central Park

Fountain in Central Park at Lake Mary City Hall

If you read, listen or watch the news it’s almost impossible to escape from the latest report on the housing market. Much of what you hear is based on a national level and leaves many questions about what’s going on here at home.

This is what’s happening here;  the Lake Mary housing inventory is down 30% from the same time last year and the distressed property inventory is down 4%.  There were 36 home sales last month, up from 23 home sales in February of 2011.  We are expecting the Seminole County real estate market start heat up (along with the weather) and sales rise as we enter the spring buying season.

If you have been thinking about selling your home and are underwater on your mortgage, you may want to consider a Short Sale The debt forgiveness act continues to give homeowners relief through 2012, but homeowners who want to take advantage of this opportunity need to act soon. A Lake Mary Short Sale is a viable alternative to foreclosure and provides homeowner to homeowner transfer where the property and community benefit from the avoidance of a foreclosure and an abandoned home.

Please contact us if you have questions about our local real estate market…

Call/Text 407-758-1020 or email the Move To Lake Mary team.

Lake Mary Homes For Sale:   205 Homes

  • Short Sales:  45
  • Bank Owned / Foreclosure Homes:  14

Distressed Property Inventory =  29%

Homes Under Contract in Lake Mary, Florida:   157 Homes

  • Short Sales:  100
  • Bank Owned  / Foreclosure Homes:  15

Distressed Properties under contract = 73%

Lake Mary Home Sales:    36 Homes

  • Short Sales:  6
  • Bank Owned / Foreclosure Homes:  8

Distressed Properties Sold = 38%

 Lake Mary Home Sales by Price:

  • Under $100,000:  5 Home Sales
  • $100,000 – $200,000:  14 Home Sales
  • $201,000 – $300,000:   4 Home Sales
  • $301,000 – $400,000:   6 Home Sales
  • $400,000 – $500,000:   1 Home Sales
  • $501,000 – $750,000:  No Home Sale
  • $751,000 – $1,000,000:  2 Home Sales
  • Over $1,000,000: No Home Sales

What’s on the Market Today in Lake Mary?

What’s your Lake Mary Home Worth?

Ready to find your Lake Mary home?

If so, contact our expert Lake Mary Real estate team here at MoveToLakeMary.com to start your Lake Mary home search.

*Statistics  are for single family and townhomes. Housing sales are recorded in My Florida Regional MLS through cooperative broker sales as of 3/5/2012.

One thought on “Lake Mary Real Estate Market Update – February 2012

Leave a Reply

Your email address will not be published. Required fields are marked *