Lake Mary, incorporated in 1973, is located in Seminole County and is a popular area for businesses. It is located near the rapidly expanding high tech business center near Heathrow. As well, it’s a sought-after location for families with children, as the area boasts some of the best public schools in Florida.
Property types include a variety of gated golf communities, apartments, luxury condos, rentals, and single-family homes. One of its premiere shopping and dining destinations is Colonial Town Park. With its proximity to the Orlando area, attractions and beaches, it is well-received by many.
Lake Mary is also the home to a number of parks and recreational facilities, a sports complex, and more. It’s crime rate is one of the lowest in the state of Florida.
However, Lake Mary, just like many other Central Florida communities, is struggling with the stagnant real estate market.
The Lake Mary market is suffering from an oversupply of homes and a sluggish buyer demand. A strong buyers market is in place. There is no short term improvement forecast for market conditions. A huge supply of inventory needs to be sold off. As of the end of May, there are 537 homes for sale. At present, there are 11.9 months of inventory supply. The average sale price for Lake Mary is $362,122. This is the median between a a high sale of $1,400,000 and a low sale of $103,200.
ZIP Code: 32746
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Approximate Location Boundaries: West of I-4 to Country Club Road to East of Country Club Rd, to South of Ronald Reagan Blvd to North of 46A.
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Location Characteristics: The City of Lake Mary takes pride in its strong sense of community and its commitment to high standards of quality living. That’s part of the reason Lake Mary is one of the fastest growing areas in Central Florida!
We are located near Interstate 4, along the fast growing high tech business center near Heathrow. The City offers well planned residential communities, excellent schools, prominent businesses, and a variety of shopping. It’s a friendly place to live and work and few places are more attractive.
The crime rate is one of the lowest in Florida thanks to our pro-active, community based police department. Our fire department is skilled in rapid response and emergency rescue. Our parks and recreation facilities are beautifully maintained. Lake Mary has all the conveniences of Orlando without the traffic!
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About Gitta Urbainczyk, P.A.:
Hello there,
I am pleased to bring you the Market Condition Report. I have practiced the services of Real Estate for the past 17 years, and because my team serves all of Greater Orlando, I am familiar with most areas in the greater metropolitan area. Please feel free to contact me Toll Free . We will be able to provide you with more detailed relocation and subdivision information and home listings.
Sincerely,
Gitta
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