Lake Mary Real Estate Update – October 2012

Welcome To Lake Mary, Florida

Fall is upon us, even though our current temperatures would have you think differently. This seasonal change typically brings a decrease to the number of home sales in Lake Mary. We’ve seen positive signs in The Lake Mary Real Estate Market this year and we’ll be watching closely to see if home prices continue to move upward as supply decreases and Seminole County homebuyer confidence increases.

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 ends on December 31, 2012… If you are interested in selling your house via 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:   166 Homes 

  • Short Sales:  28
  • Bank Owned / Foreclosure Homes:  13

Distressed Property Inventory =  25%  (1% increase from Sept 1st)

Homes Under Contract in Lake Mary, Florida:   166 Homes

  • Short Sales:  108
  • Bank Owned  / Foreclosure Homes:  15

Distressed Properties under contract = 74% (up 4%  from Sept 1st)

Lake Mary Home Sales:    44 Homes 

  • Short Sales:  7
  • Bank Owned / Foreclosure Homes:  6

Distressed Properties Sold in September = 30%  (down from 48 % in August)

Lake Mary Home Sales by Price:

  • Under $100,000:  1 Home Sale
  • $100,000 – $200,000:  16 Home Sales
  • $201,000 – $300,000:   15 Home Sales
  • $301,000 – $400,000:   7 Home Sales
  • $400,000 – $500,000:   1 Home Sale
  • $501,000 – $750,000:  3 Home Sales
  • $751,000 – $1,000,000:  No Home Sales
  • Over $1,000,000: 1 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 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 10/3/2012.

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