The Lake Mary Real Estate Market has turned the corner! Homes (in certain price ranges) are now selling within days and receiving multiple offers. I think it’s safe to say that we are seeing a shift to a seller’s market. The Greater Orlando market has seen an average year-over-year price increase between 8 – 10% and analysts expect another 3 -5% increase this year.
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: 106 Homes
- Short Sales: 7
- Bank Owned / Foreclosure Homes: 10
Distressed Property Inventory = 16% (Down from 20% last month)
Homes Under Contract in Lake Mary, Florida: 165 Homes
- Short Sales: 84
- Bank Owned / Foreclosure Homes: 18
Lake Mary Home Sales: 68 Homes
- Short Sales: 9
- Bank Owned / Foreclosure Homes: 9
Lake Mary Home Sales by Price:
- Under $100,000: 2 Home Sales
- $100,000 – $200,000: 19 Home Sales
- $201,000 – $300,000: 29 Home Sales
- $301,000 – $400,000: 8 Home Sales
- $400,000 – $500,000: 4 Home Sale
- $501,000 – $750,000: 6 Home Sales
- $751,000 – $1,000,000: No Home Sales
- 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 4/5/2013.