Lake Mary Real Estate Update – March 2013

The Lake Mary Real Estate Market is heating up! Home sales are up and the number of homes for sale continues to decline… There is currently less than a four month supply of homes for sale in Lake Mary, which would indicate that we are transitioning to a SELLER’S MARKET.

Graphic Illustrating the inventory in Lake Mary

If you’ve been thinking about selling your home, call / text me @ 407-758-1020 or email me (Debbie Summers), to talk about the “New Normal”Home values were reset when the housing crisis occurred and if you are waiting for your value to return to the highs of 2005 and 2006, you could be waiting for a very, very long time. Normal appreciation is 3 -5% per year… If you’ve been waiting to sell, it might be the right time for you.

If you are a homeowner who is underwater on your mortgage or close to missing a payment, a Lake Mary Short Sale may be right for you. The 2007 Debt Forgiveness Act has been extended to January 1, 2014… If you are interested in selling your home as a short sale, don’t delay!

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:   99 Homes

  • Short Sales:  16
  • Bank Owned / Foreclosure Homes:  4

Distressed Property Inventory =  20%  (Down from 29% last month)

Homes Under Contract in Lake Mary, Florida:   176 Homes

  • Short Sales:  78
  • Bank Owned  / Foreclosure Homes:  25

Lake Mary Home Sales:  49 Homes

  • Short Sales:  8
  • Bank Owned / Foreclosure Homes:  14

Distressed Properties Sold in February = 45%  

Lake Mary Home Sales by Price:

  • Under $100,000:  1 Home Sales
  • $100,000 – $200,000:  14 Home Sales
  • $201,000 – $300,000:   16 Home Sales
  • $301,000 – $400,000:   9 Home Sales
  • $400,000 – $500,000:   2 Home Sale
  • $501,000 – $750,000:  5 Home Sales
  • $751,000 – $1,000,000:  2 Home Sale
  • Over $1,000,000: No Home Sales

Ready to find your Lake Mary home?

If so, contact our helpful 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 3/5/2013.

Current Lake Mary Homes for Sale Priced from $200K- $250K

2825 FALCON CREST PLACE

2825 FALCON CREST PLACE
Price: $245,000
City: LAKE MARY
State: FL
Zip: 32746

1535 FARRINDON CIRCLE

1535 FARRINDON CIRCLE
Price: $209,900
City: LAKE MARY
State: FL
Zip: 32746

180 VILLA DI ESTE TERRACE #104

180 VILLA DI ESTE TERRACE #104
Price: $234,900
City: LAKE MARY
State: FL
Zip: 32746

881 HEATHER GLEN CIRCLE

881 HEATHER GLEN CIRCLE
Price: $224,900
City: LAKE MARY
State: FL
Zip: 32746

434 E SPRINGTREE WAY

434 E SPRINGTREE WAY
Price: $224,900
City: LAKE MARY
State: FL
Zip: 32746

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