Lake Mary Real Estate Update – April 2012

Lake Mary Home Sales Report: April 1 – 30, 2012

The Spring Buying Season is heating up in Lake Mary and we’re starting to see a real change in the housing market… Homebuyers are finding themselves in multiple offer situations with the shrinking inventory of homes in the Orlando area and there are more houses going under contract than coming on the market each day.

Orlando - Central Florida MapIf 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 the end of the year, but homeowners who want to take advantage of this opportunity need to act NOW. 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.

Questions about the Orlando real estate market? Call/Text 407-758-1020 or email the Move To Lake Mary team.

Lake Mary Homes For Sale:   162 Homes

  • Short Sales:  33
  • Bank Owned / Foreclosure Homes:  8

Distressed Property Inventory =  25% 

Homes Under Contract in Lake Mary, Florida:   190 Homes

  • Short Sales:  116
  • Bank Owned  / Foreclosure Homes:  18

Distressed Properties under contract = 70%

Lake Mary Home Sales:    50 Homes

  • Short Sales:  12
  • Bank Owned / Foreclosure Homes:  9

Distressed Properties Sold = 42%

Lake Mary Home Sales by Price:

  • Under $100,000:  2 Home Sales
  • $100,000 – $200,000:  23 Home Sales
  • $201,000 – $300,000:   12 Home Sales
  • $301,000 – $400,000:   8 Home Sales
  • $400,000 – $500,000:   1 Home Sale
  • $501,000 – $750,000:  3 Home Sales
  • $751,000 – $1,000,000:  1 Home Sales
  • Over $1,000,000: No Home Sales

What’s on the Market Today in Lake Mary?

Have you been thinking about selling your Lake Mary / Orlando home?

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 5/3/2012.

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