Lake Mary Real Estate Market Update – February 2012

Lake Mary Florida Fountain Lake Mary Real Estate Sales January 1 – 31, 2012

If you have been reading the Lake Mary Real Estate Blog for any length of time, you’ll know that January home sales are historically the lowest of any month out of the year.  There were 28 home sales in Lake Mary in January.  Our local market starts to heat up (along with the weather) and sales rise in the spring and during our summer buying season.

Short Sales are still a prominent part of our real estate market in Seminole County and distressed properties make up three quarters of the homes under contract. 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.  

If you have a question about if a short sale is right for you…

Call 407-758-1020 or email me.

Homes for sale in Lake Mary:   214 Homes

Short Sales:  56

Bank Owned / Foreclosure Homes:  14

Distressed Property Inventory =  33%

 

Homes Under Contract in Lake Mary, Florida:   145 Homes

Short Sales:  89

Bank Owned  / Foreclosure Homes:  20

Distressed Properties under contract = 75%

 

Homes Sold in Lake Mary, Florida:    28 Homes

Short Sales:  6

Bank Owned / Foreclosure Homes:  3

Distressed Properties Sold = 32%

 

Lake Mary Home Sales Prices:

Lake Mary homes sold under $100,000:  1 Home Sale

Lake Mary homes sold at $100,000 – $200,000:  15 Home Sales

Lake Mary homes sold at $201,000 – $300,000:   7 Home Sales

Lake Mary homes sold at  $301,000 – $400,000:   6 Home Sales

Lake Mary homes sold at $400,000 – $500,000:   4 Home Sales

Lake Mary homes sold at $501,000 – $750,000:  1 Home Sale

Lake Mary homes sold at $751,000 – $1,000,000:  No Home Sales

Lake Mary homes sold above $1,000,000: No Home Sales

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*Statistics  are for single family and townhomes. Housing sales are recorded in My Florida Regional MLS through cooperative broker sales as of 2/5/2012.

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