The Lake Mary, FL Weekly Market Report
There were eight home sales in Lake Mary, Florida last week. Fifty percent of the home sales last week were distressed properties. This percentage is right in line with what we are seeing across Seminole County.
You can still see that many “traditional” home sellers continue to enter the market with their homes “overpriced”. This only keeps the home on the market longer.
Lake Mary homeowners who are not in distress really do have to compete with the short sales and foreclosures when they sell their homes. The majority of homes that are selling can’t be ignored.
Lake Mary Home Sales July 5, – July 11, 2009
Red = Foreclosure / Bank Owned Home
Orange = Short Sale Home
Related posts:
- Lake Mary Florida – What's Selling? Weekly Update: 12/6/2008
- Lake Mary Florida – Just Sold Weekly Real Estate Update: 11/15/08
- Lake Mary, Florida – What's Selling? Weekly Real Estate Update: 12/27/08
- Lake Mary, FLorida Real Estate Weekly Update: 01/17/2009
- Lake Mary Florida – What's Selling? Weekly Update: 12/13/08
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[...] As I noted last week, many of the homes that are being sold where the seller is not in distress are … It’s very difficult in this climate for Seminole County homeowner’s to come to terms with just where the market value of their home is today. It’s difficult to accept that not only have the gains that were made during the seller’s market from 2004 – 2006 are gone, but that are values have adjusted to where they were over 6 years ago. [...]
[...] As I noted last week, many of the homes that are being sold where the seller is not in distress are … It’s very difficult in this climate for Seminole County homeowner’s to come to terms with just where the market value of their home is today. It’s difficult to accept that not only have the gains that were made during the seller’s market from 2004 – 2006 are gone, but that are values have adjusted to where they were over 6 years ago. [...]