Lake Mary Real Estate Market Update – March 2012

Lake Mary Home Sales Report: March 1 – 31, 2012

Welcome to Lake Mary Florida

The Spring Buying Season is in full swing and homes sales are up with a total of 57 home sales in Lake Mary last month. The current inventory of homes in Lake Mary shrank to 174 with only 30% of those homes being distressed properties. We’re watching closely for signs of recovery, a lower inventory and higher number of sales are very promising.

If you have been thinking about selling your home and are underwater on your mortgage, you may want to consider a Short Sale The debt forgiveness act continues to give homeowners relief through 2012, but homeowners who want to take advantage of this opportunity need to act soon. 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.

Please contact us if you have questions about our local real estate market… Call/Text 407-758-1020 or email the Move To Lake Mary team.

Lake Mary Homes For Sale:   174* Homes

  • Short Sales:  38
  • Bank Owned / Foreclosure Homes:  15

Distressed Property Inventory =  30% 

*Lake Mary inventory contracted 16% this month

Homes Under Contract in Lake Mary, Florida:   173 Homes

  • Short Sales:  105
  • Bank Owned  / Foreclosure Homes:  11

Distressed Properties under contract = 67%

Lake Mary Home Sales:    57 Homes

  • Short Sales:  15
  • Bank Owned / Foreclosure Homes:  11

Distressed Properties Sold = 46%

Lake Mary Home Sales by Price:

  • Under $100,000:  2 Home Sales
  • $100,000 – $200,000:  22 Home Sales
  • $201,000 – $300,000:   17 Home Sales
  • $301,000 – $400,000:   7 Home Sales
  • $400,000 – $500,000:   9 Home Sales
  • $501,000 – $750,000:  No Home Sale
  • $751,000 – $1,000,000:  No Home Sales
  • Over $1,000,000: No Home Sales

What’s on the Market Today in Lake Mary?

What’s your Lake Mary Home Worth?

Ready to find your Lake Mary home?

If so, contact our expert 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 4/5/2012.

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