Dreaming of a Lake Mary Luxury Home? Now’s the Time

Dreaming of a Luxury Home? Now's the Time! | MyKCM

If your house no longer fits your needs and you are planning on buying a Lake Mary luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer or can be found at a discount.

Those who have a starter or trade-up home in Lake Mary to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.

The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties have a home to sell first.

A recent Bloomberg article gave some insight into what many millennials are choosing to do:

“A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding ‘the rise of the new aristocracy.’”

Bottom Line

The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house in Central Florida that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.  Connect with Cas & Debbie Summers @ 407-758-1020 to get moving!

632 STONEFIELD LOOP

632 STONEFIELD LOOP
Price: $1,647,000
City: LAKE MARY
State: FL
Zip: 32746

1665 BRIDGEWATER DRIVE

1665 BRIDGEWATER DRIVE
Price: $1,144,000
City: LAKE MARY
State: FL
Zip: 32746

1863 BRIDGEWATER DRIVE

1863 BRIDGEWATER DRIVE
Price: $1,100,000
City: LAKE MARY
State: FL
Zip: 32746

207 SHILOH COVE

207 SHILOH COVE
Price: $1,499,000
City: LAKE MARY
State: FL
Zip: 32746

1804 BRACKENHURST PLACE

1804 BRACKENHURST PLACE
Price: $1,098,000
City: LAKE MARY
State: FL
Zip: 32746

1774 BRIDGEWATER DRIVE

1774 BRIDGEWATER DRIVE
Price: $1,115,000
City: HEATHROW
State: FL
Zip: 32746

231 SHILOH COVE

231 SHILOH COVE
Price: $1,049,000
City: LAKE MARY
State: FL
Zip: 32746

1960 BRIDGEWATER DRIVE

1960 BRIDGEWATER DRIVE
Price: $1,995,000
City: LAKE MARY
State: FL
Zip: 32746

1736 COTTONWOOD CREEK PLACE

1736 COTTONWOOD CREEK PLACE
Price: $1,199,900
City: LAKE MARY
State: FL
Zip: 32746

3757 FARM BELL PLACE

3757 FARM BELL PLACE
Price: $1,351,731
City: LAKE MARY
State: FL
Zip: 32746

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