A small town in Lake County, Florida, Lady Lake is a significant highlight of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area. This town has tremendous rental potential and a rich historical background. Let’s look at some of these positive qualities of this lucrative real estate market.
Lady Lake: A Place Worth Living
This beautiful town has a population of nearly 16,000 people. The town is home to top-notch schools and offers excellent professional opportunities, which makes it a wonderful place to live.
Lady Lake started growing in 1883. It was once a hub of early railroad routes, like many other small towns in Florida. Lady Lake is a popular tourist destination for history buffs and nature enthusiasts. There is a renewed interest from new Floridians, and that’s why the town enjoys soaring property values. One of the most important reasons for this new-found popularity is its proximity to major metropolitan areas.
Home of Lakes and Sunshine is another name for Lady Lake. Here, outdoor and indoor activities are available, including softball complexes, golf courses, polo clubs, boating, and bowling opportunities. In addition, the area has various picturesque lakes, fancy restaurants, antique stores, and retail centers for locals and visitors.
Lady Lake is surrounded by picturesque land and hundreds of lakes. People love living here because of its quiet and welcoming community. Buyers looking for a relaxed and calm place love this place because it doesn’t have too much traffic or overwhelming crowds.
Lady Lake: Real Estate Facts
The housing market is robust, and the average sale price of a home is around $301K, which is 19.3% up since last year. In addition, the average sale price/per square foot is $223.
On average, homes in Lady Lake stay on the market for at least 21 days. In November 2022, ten houses were sold, which is down from 36 in 2021.
Several homes receive multiple offers, a few with waived contingencies.
Homes sell for around average homes sell for about 3% below the list price and stay on the market for 21 days.
You can judge a town’s popularity by how many people move in and out of the area.
Close to 40% of homebuyers in Lady Lake searched about moving out of the area from September to November 2022. At the same time, 63% searched to stay within the metropolitan areas.
Across 2% of prospective homeowners searched to relocate to Lady Lake from significant cities. Greater than any other metro, New Yorkers searched for homes in Lady Lake, followed by Boston and Washington.
Looking for Your Dream Home? Icon Can Help!
With two decades of experience helping prospective homeowners achieve their real estate goals, Team Icon offers a hassle-free purchase experience. That’s why our loyal clients always come back to us for their real-estate ventures.
So, contact us today if you want to add Lady Lake to your real estate portfolio. We can help you find and close your dream deal today, so contact us today!