Lake Mary, FL Foreclosures
How much do homes sell for in Lake Mary, FL?
The average home price is currently $560,878.
In Lake Mary, FL, how many homes are available?
There are currently 132 active home listings available in Lake Mary.
What’s the average rental cost in Lake Mary, FL?
The average rental price in Lake Mary is $1,979.
What is the most expensive home in Lake Mary?
The most expensive home sold in Lake Mary had a price of $150,862,936.
What is currently the cheapest priced home in Lake Mary, FL?
The cheapest home for sale in Lake Mary is priced at $49,278.
Living in Lake Mary, FL
Lake Mary, FL is a suburban gem known for its family-friendly environment, beautiful parks, and excellent schools. It combines the comforts of suburban living with convenient access to urban amenities. Ideal for families and young professionals, Lake Mary offers a variety of recreational activities and a strong sense of community.
Current Market Conditions in Lake Mary, FL
The real estate market in Lake Mary has seen steady growth, with increasing demand for both single-family homes and townhouses. Prices have been appreciating over the last year, driven by the area's desirable lifestyle and amenities that attract buyers. With continuous developments and enhancements in infrastructure, Lake Mary remains a hotspot for real estate investment.
Currently, the market is characterized by a competitive environment, with homes typically selling quickly, often above asking price. Inventory levels remain low, adding to the urgency for potential buyers. Investors recognize the area's growth potential, particularly in new construction projects and infill development.
Home Value Estimator For Lake Mary, FL
There are currently 14,457 real estate properties
in Lake Mary, FL,
with a median automated valuation model (AVM) price
of $443,640.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lake Mary, FL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lake Mary, FL,
is $560,878.00, with the most expensive house
in Lake Mary, FL, topping out
at $150,862,936.00 and the cheapest home
in Lake Mary, FL,
clocking in at $49,278.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lake Mary, FL!
Rent Prices
In Lake Mary, FL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lake Mary, FL, is on
a rollercoaster ride. The
average rent price in Lake Mary, FL,
is $1,979.00. Indeed, when looking to rent in
Lake Mary, FL, you can expect to pay as little
as $900.00 or as much
as $5,100.00,
with the average rent median estimated to
be $1,760.00. The good news is that finding
an affordable and desirable property to rent in Lake Mary, FL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
