Lake Mary, Seminole County, FL – Market Sales Statistics for May ‘08

The following are the market sales statistics for Lake Mary, Seminole County, Florida for May 2008. Lake Mary is made up of the zip code 32746. For purposes of this analysis we will be splitting the data according to single-family homes vs, condominiums, townhomes and villas.

There needs to be a disclaimer here. These stats are only as good as telling us what it being purchased and happening at a certain period in time. Additionally, it needs to be fully understood that not only is real estate local, but it is hyper-local. What this means is that the trends that we hear about are overall. Let's put it this way, what's happening in one neighborhood, may not be realized in the neighborhood next door. It is all relative and this has to be understood when utilizing these stats.

32746 - Single-Family Homes

24 homes sold during the month of May.

The average sales price, which is the total sold volume divided by the number of homes sold is $419,482 with 138 days on the market.

The median sales price, which means that 50% of the homes sold for more and 50% of the homes sold for less, is $380,000.

The most expensive home sold for $1.165M and was new construction. It was a 4 bedroom, 4 bath, 3-car garage golf front home with 4965sf home in a gated community on .39 acre with a screen enclosed pool and spa, summer kitchen, wood & porcelain tile, crown mouldings, granite countertops, brick circular driveway, etc. The HOA is $335/quarterly.

The least expensive home sold for $168,100 after 208 days on the market. It was a bank owned 3 bedroom, 2 bath, 2-car garage corner lot home in 1401sf built in 1992 on .10 acre with tile. The HOA is $229 annually.

The average sales price for the same period a year earlier was $477,817 with 141 days on the market.

32746 - Condos, Townhomes & Villas

6 homes sold

The average sales price was $207,362 with 73 days on the market.

The median sales price was $218,750.

The most expensive sold for $252,500 and was new construction. It was a 4 bedroom, 3½ bath, 3 floors, 2-car garage townhome in a gated community with 2088sf built in 2007 in Lake Mary with an elevator, stainless steel appliances, tile roof, etc. The community offers a pool and recreation building with a monthly maintenance of $500.

The least expensive sold for $125,000 and was on the market for 128 days. It was a corporate owned 2 bedroom, 1½ bath townhome 1095sf built in 2001 in a gated community with a screened porch. The community offers a pool, rec building and exercise room with a monthly maintenance of $190.

The average sales price a year earlier was $231,905 with 186 days on the market.