Cute as a button – beautifully remodeled and lovingly maintained
This tastefully well decorated split bedroom home features vaulted ceiling, new tiles in living area and bathrooms. Easy to maintain laminate flooring 2nd and 3rd bedroom. French doors that lead out to the covered porch where you can relax watching your children and/or pets play in the fenced back yard. The Grand Pines Community features a beautiful playground with adult and separate children’s pool. For the daily commuter, it is only a short trip to the interstate leading east and west. Shopping mall, churches, and schools are nearby.
For the property’s own web site and more pictures, please visit www.7968GrandPinesBlvd.com
Prices kept on falling at its lowest in December! Well folks, care for the numbers….Lakeland’s average sold prices dropped to $134,365, a 30% stumble from the previous year. This is the lowest I’ve seen so far closing out this eventful year of foreclosure crisis, wall street and main street crisis, mortgage mess and bail outs.
The average square foot of the sold homes for December was $76.03 per sq. ft., compared to the listing price of $81.36 per sq. ft. in Lakeland which is within the approximate numbers of our neighboring cities, such as Winter Haven, Auburndale, Bartow, Mulberry, and Polk City.
Although real estate agents have a tendency to say that December is one of the slowest months of the year. Home sales by the numbers however have increased by 15% – 135 homes sold from the previous month in Lakeland. An increase of 15% in number of home sales though it is an average number.
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”.
Hi Folks! Look at these numbers below – don’t they speak for themselves about today’s Lakeland real estate Market? Annual numbers of sold homes have seen a sharp drop since 2005 and last year 2008 did not give me an indication that the statistics will change much in 2009. The annual numbers of sold homes continued to decline by 21% from the previous year.
How long will it take to absorb the current inventory (Absorption Rate)?
Normal Market – Absorption Rate is between 5 and 6 months.
Sellers Market – Absorption Rate is lower (1-4 months)
Buyers Market – Absorption Rate is higher (7+ months)
There is an average of 2,300 homes currently on the market in Lakeland. Taking into consideration last year’s number – 1624 homes sold in Lakeland, Florida; it would take approximately 17 month to sell its present inventory – a true buyers market.
