Hi folks! Here are the numbers of my weekly update. The numbers of homes newly marketed have decreased from the previous week of 94 homes to 51 homes listed with area Realtors®. The average sales price for the newly listed homes is $184,268 or $91.35 per square foot. Currently, Lakeland’s total inventory as of Wednesday, February 25th, 2009 continued to decline modestly to 2,199 homes listed for sale. The average sales price is $215,633 and with an average size of a home is 1,863 square feet, which calculates to $115.75 per square foot.
1 condominium listed at a sales price of $177,000
3 mobile homes listed with an average sales price of $54,900
47 single family homes with an average price of $192,680
Lakeland has seen a steady increase of its numbers for distress properties on the market. Such properties are found in every price range and this is the case with our priciest home newly listed. A 2007 custom built pool home by Mark Brown located in the Grasslands Golf and Country Club Community; it features 4 bedrooms and 4 ½ baths with over 4,500 square feet of living space currently offered for $995,000. On the contrary, the cheapest home on the market newly on the market is a bank-owned 2 bedroom 1 bath home which is listed for $24,500 – $39.26 per square foot.
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”.
Take a look at the breakdown by zip code:
33801 – 07 at an average sales price of $75,757
33803 – 04 at an average sales price of $424,950
33805 – 06 at an average sales price of $116,450
33809 – 02 at an average sales price of $213,500
33810 – 11 at an average sales price of $184,000
33811 – 06 at an average sales price of $164,216
33812 – 02 at an average sales price of $159,900
33813 – 09 at an average sales price of $284,222
33815 – 04 at an average sales price of $38,700
Weekly update on distressed properties in Lakeland
A total of 476 properties are currently facing foreclosure. Newly listed were 20 Lakeland homes for sale in the distressed category with average prices of $152,220. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.
For more information on the location of the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.
ARVE Error: need id and providerWould you like to do your own search for properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.
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Lakeland Florida Homes for Sale – Weekly Update on New Listings 02/15/09 – 02/21/09
Licensed Florida Real Estate Broker
CDV TransAtlantic, Inc.
P.O. Box 92050 – Lakeland, FL 33804-2050
Telephone (863) 618-6919