Lakeland Real Estate Update – 11/16-11/30/09

Update for the Lakeland real estate market! Currently, there are 1906 homes for sale throughout Lakeland – as of 12/07/09. Newly listed homes for the period of November 16th through November 30th totaled 109 Lakeland homes recently came on the market. A 28% decline from the previous my previous report. The average sales price of Lakeland homes listed with area Realtors®.increased to $202,841.

The types of homes and average prices just listed in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:

2 condos listed with an average sales price of $189,950

6 mobile homes listed with an average sales price of $46,116

7 Townhomes/Villas listed with an average sales price of $94,925

94 single family homes with an average price of $180,829

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 2007 pool home; featuring 6 bedrooms and 4 ½  baths with over 5,300 square feet of living space currently offered for $947,500 located in the Eaglebrooke Community.  On the contrary, the cheapest Lakeland home newly listed is a 2 bedroom 2 baths listed for only $16,200 – just over $20.00 per square foot – located in the Country View Estates subdivision.

All 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 – 17 with an average sales price of $76,817

 33803 –11 with an average sales price of $271,000

33805 – 12 with an average sales price of $70,041

 33809 – 12 with an average sales price of $139,133

33810 – 17 with an average sales price of $167,470

33811 – 07 with an average sales price of $139,814

33812 – 06 with an average sales price of $238,646

 33813 – 24 with an average sales price of $254,654

33815 – 03 with an average sales price of $50,933

Update on distressed homes in Lakeland

A total of 527 properties are currently actively being marketed that are facing foreclosure. There were 43 Lakeland homes newly listed in the distressed category with average prices of $115,237 or $61.79 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

Update on Lakeland Real Estate that have sold

For the period of November 1st through November 30th there have been 172 Lakeland homes sold so far reported with an average price of $121,952.  Lakeland Real Estate under contract but have not closed (Pending) Lakeland homes that are in pending status are at 475.

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