As the year draws to a close, let’s take a moment to look back at the Lake Mary housing market in 2014.
When we compare this last quarter of 2014 to the last quarter of 2013, the average price per square foot is up to $123, which is a 6% increase. Likewise, the median home sales price increased by 6% compared to the same time last year.
Lake Mary, Florida Home Values Increased
Great news if you own a home in Lake Mary! Lake Mary, Florida home owners will be pleased to know that their real estate investment is increasing in value. Over the past year home values in Lake Mary have moved up by five percent with a median home value of $273,200.
Healthy Lake Mary Housing Market Fueled By Jobs
With the reports in 2014 of a lower unemployment rate and new jobs coming to Lake Mary, the real estate market received a nice boost to move into next year. Mitsubishi Hitachi Power Systems Americas announced earlier this year that they would be creating 100 new jobs in Lake Mary when they consolidate their headquarters here.
Looking Forward To Lake Mary Real Estate in 2015
Things are looking up for the 2015 real estate market in Lake Mary, FL. Zillow predicts home values will continue to increase by 1.6% over the next year. With home values on the rise, potential buyers in the Lake Mary housing market can be confident in their purchase.
It’s A Great Time For Real Estate In Lake Mary
There are many benefits to living in the Lake Mary area, and with home values predicted to continue to rise, its a great time to buy a Lake Mary home or condo. Take a look at the listings available in Lake Mary, and when you see a home you love contact REALTOR® Debbie Summers at 407-758-1020 to schedule a showing!