The following are the market sales statistics for Lake Mary, Seminole County, Florida for August 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.
Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time. More high-end homes might be sold in one month as opposed to another. By looking at a longer period, you will get a better overall picture. It is all relative and this has to be understood when utilizing these stats.
Single-Family Homes
16 homes sold during the month of August.
The average sales price, which is the total sold volume divided by the number of homes sold is $335,196 with 157 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 $257,500.
The sales to list price ratio, which means that the homes sold for 95% of their list price.
The most expensive home sold for $750,000 in Carisbrooke after 608 days on the market.
The least expensive home sold for $155,000in Greenwood Lakes after 192 days on the market.
The average sales price for the same period a year earlier was $466,585 with 105 days on the market and a sales to list price ratio of 96%.
Condos, Townhomes & Villas
10 homes sold
The average sales price was $160,882 with 97 days on the market.
The median sales price was $164,150.
The sales to list price ratio is 99%
The most expensive condo sold for $299,990 in Fountain Parke at Lake Mary and was new construction.
The least expensive sold for $72,900 in Hidden Village Condos and was on the market for 125 days.
There were no condo sales in August 2007.
For information on Lake Mary and Seminole County real estate and Lake Mary and Seminole County homes for sale in addition to Lake Mary and Seminole County relocation contact Marc Grossman, your Lake Mary and Seminole County Realtor @ 407-463-1034. Additional information is available for Seminole County real estate, Orange County real estate, West Volusia County and South Lake County.
Marc Grossman, GRI - http://www.OrlandoHomes-4u.com/ - 407-463-1034
Marc donates 10% of his net proceeds to Hospice of the Comforter.
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