Lake Mary Homes For Sale
Homes & Condos for sale: 387
Properties listed as short sales: 107 or 28%
Bank Owned/REO Properties: 26 or 7%
Same stuff, different month… The Lake Mary inventory of homes is almost unchanged after the month of July, just one less house for sale and the percentage of distressed properties remain the same . As we see the Summer Buying Season [the time when families typically move to have a lesser impact on their school aged children] come to a close we will really start to get an accurate picture of where the real estate market is and how much of an impact the First Time Homebuyer Tax Credit affected the market these past few months.
The number of homes under contract has declined by 15% over the past 30 days. Is the local Lake Mary real estate market is retracting? This decline in homes under contract could be our first indication that the end of the first time homebuyer tax credit is having a negative effect on our housing market.
Lake Mary Homes Under Contract
Homes & Condos under contract: 167
Short Sales: 95 or 57%
Bank Owned/REO: 28 or 17%
Distressed Properties make up 74% of the homes under contract.
Lake Mary Home Sales
July Home Sales: 72
Short Sales: 10 or 14%
Bank Owned/REO: 30 or 42%
Home Sales in Lake Mary, Florida
Lake Mary Real Estate Market Fact: 56% of the homes sold in Lake Mary, Florida during the month of July were distressed properties, holding at almost the same rate as June.
Real Estate Resources for Lake Mary Homebuyers & Home Owners
Search for homes in Lake Mary, Florida
What’s my Seminole County Home Worth?
Lake Mary Real Estate Sales Report – July 2010
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[...] majority of the home sales in July were distressed properties, 26 of the sales were condos, 5 townhouses and 45 single family [...]