Lake Mary Real Estate Update: January 2012

Lake Mary Real Estate Sales December 1 – 31, 2011

Sign with plaque that says Welcome To Lake Mary2011 ended strong with 37 home sales in Lake Mary with many families trying to close and qualify for the Homestead Exemption and I’m sure a few long awaited short sales were approved by lenders trying to rid their books of non performing assets.

Short Sales are still a large part of our current real estate market in Seminole County and distressed properties make up three quarters of the homes under contract. The debt forgiveness act continues to give homeowners relief through 2012. A Lake Mary Short Sale is a viable alternative to foreclosure and provides homeowner to homeowner transfer where the property and community benefit from the avoidance of a foreclosure and an abandoned home.  If you have a question about if you want or need to sell your home via short sale… Call or email me, I’ll try to answer all your questions and if I can’t – I’ll point you in the right direction to someone who can.

Homes Just Sold in Lake Mary, Florida:

Homes for sale in Lake Mary:   219 Homes

Short Sales:  50

Bank Owned / Foreclosure Homes:  14

Distressed Property Inventory =  29%

 

Homes Under Contract in Lake Mary, Florida:   122 Homes

Short Sales:  84

Bank Owned  / Foreclosure Homes:  11

Distressed Properties under contract = 78%

 

Homes Sold in Lake Mary, Florida:    37 Homes

Short Sales:  13

Bank Owned / Foreclosure Homes:  4

Distressed Properties under contract = 46%

 

Lake Mary Home Sales Prices:

Lake Mary homes sold under $100,000:  2 Home Sales

Lake Mary homes sold at $100,000 – $200,000:  13 Home Sales

Lake Mary homes sold at $201,000 – $300,000:   10 Home Sales

Lake Mary homes sold at  $301,000 – $400,000:   3 Home Sales

Lake Mary homes sold at $400,000 – $500,000:   4 Home Sales

Lake Mary homes sold at $501,000 – $750,000:  4 Home Sales

Lake Mary homes sold at $751,000 – $1,000,000:  1 Home Sale

Lake Mary homes sold above $1,000,000: No Home Sales

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*Statistics for Homes include single family and townhomes. All housing sales data is recorded in My Florida Regional MLS through cooperative broker sales as of 1/5/2012.

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