Lake Mary Real Estate Update – November 2012

Lake Mary Homes For Sale November 2012Fall has finally made it’s way to Lake Mary, Florida…  We’re enjoying some of the best weather of the year and the snow birds are flying in for the winter.  The seasonal change typically brings a decrease in sales, but October sales reflect a 20% increase in home sales. Could this be a sign of a strengthening housing market?  Come back next month to find out!

The inventory in Lake Mary continues to shrink and is at it’s lowest level in the past 5 years leaving buyers with increasing competition, multiple offer situations, less choices and increasing listing prices- check out our recent article about the decrease in the number Lake Mary homes for sale here.

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 ends on December 31, 2012… If you are interested in selling your house via 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:   151 Homes 

  • Short Sales:  23
  • Bank Owned / Foreclosure Homes:  14

Distressed Property Inventory =  25%  (unchanged from Oct 1,2012)

Homes Under Contract in Lake Mary, Florida:   162 Homes

  • Short Sales:  102
  • Bank Owned  / Foreclosure Homes:  15

Distressed Properties under contract = 72% (down 2%  from Oct 1, 2012)

Lake Mary Home Sales:  53 Homes 

  • Short Sales:  14
  • Bank Owned / Foreclosure Homes:  7

Distressed Properties Sold in September = 40%  (up for 30 % in September)

Lake Mary Home Sales by Price:

  • Under $100,000:  4 Home Sales
  • $100,000 – $200,000:  22 Home Sales
  • $201,000 – $300,000:   12 Home Sales
  • $301,000 – $400,000:   9 Home Sales
  • $400,000 – $500,000:   3 Home Sale
  • $501,000 – $750,000:  2 Home Sales
  • $751,000 – $1,000,000:  No Home Sales
  • Over $1,000,000: 1 Home Sale

What’s on the Market Today in Lake Mary?

Have you been thinking about selling your Lake Mary / Orlando home?

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 11/5/2012.

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