December 2009 - A Record Breaking Month – Update on Sold Homes in Lakeland Florida | Lakeland Florida Living | Petra Norris (863) 619-6918 | CDV TransAtlantic, Inc. Real Estate Brokerage

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December 2009 – A Record Breaking Month – Update on Sold Homes in Lakeland Florida

On January 19, 2010, in Blog Post, Lakeland Market Reports, by Petra Norris

Lakeland real estate ended the year on a high note in sales. With 194 homes sold overall, a 43% increase from the previous year, the month of December proved to be the best month for 2009 with an average sales price of $123,865, a 1% increase from the previous month.

Lakeland Homes sold in December: 194 – previous month: 174 – previous year December 08: 136 sold

While home prices are at 2004 level and still showing signs of downward market adjustments, the adjustments for December compared to last year’s figures are no longer in double digits. Although the distressed properties continue to power market values for Lakeland Real Estate, I suspect in the coming month that we see the market will stabilize.

December – average sales price $123,865

Previous month: $122,590 (+ 1%) – previous year December 08: $134,370(-7.82%)

December – median sales price $113,950

Previous month: $119,000 (-4.24%) – previous year December 08: $125,420 (-9.15%)

The graph below represents average and median prices in Lakeland for various categories.

What are the various average prices in each Lakeland zip code?

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 and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.

Which zip codes represents the most sales activities since January 2009?

Zip Code	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
33801	20	12	15	21	13	16	17	12	20	27	20	31	224
33803	11	10	16	18	16	19	26	19	22	25	20	24	226
33805	12	11	12	9	5	10	14	14	8	14	12	14	135
33809	13	12	16	11	18	17	16	17	25	17	21	23	206
33810	25	31	34	31	46	37	40	33	42	46	43	40	448
33811	10	16	17	18	18	22	20	15	22	15	18	17	208
33812	10	5	8	13	7	9	16	15	10	9	13	14	129
33813	9	25	27	28	26	33	35	38	29	22	24	25	321
33815	5	3	7	5	7	6	4	3	5	2	3	6	56
Total	115	125	152	154	156	169	188	166	183	177	174	194	1953

Distressed properties in Lakeland, Florida

For the month of December, Lakeland’s real estate market of distressed homes and bank-owned (REO) properties had a market share of 53%. There were a total of 103 properties sold in December compared to 49 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

Average days on market (DOM) for bank-owned properties are 49 days

Average days on market (DOM) for other distressed properties are 146 days.

28 Distressed Homes Sold – average sold price $118,425 – median sold price $122,000

75 Bank-owned (REO) sold – average sold price $94,819 – median sold price $80,000

For more information on the location of these sold homes in Lakeland, price and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.

I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact me at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland real estate landscape and all it has to offer.

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