Blog Post, Lakeland Market Reports

Lakeland Florida Short Sale and Foreclosure Market Report – April 2010

For the month of April, Lakeland real estate market of short sales and bank-owned (REO) properties had a market share of 60%. There were a total of 148 properties sold in April, compared to 126 in March and 82 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

Currently there are a total of 1,910 Lakeland homes for sale and 547 Lakeland homes under contract (05/27/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed in which a buyer could walk away at any given time.

• Bank owned properties – Inventory share is 13.76%
• Short sale properties – Inventory share is 25.68%

The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Bank Owned Properties (REO) and Lakeland Short Sales

• Average days to contract for bank-owned properties are 56 days
• Average days to contract for other distressed properties are 192 days.

35 Short Sale Sold – average sold price $128,294 – median sold price $135,000
113 Bank-owned (REO) sold – average sold price $82,026 – median sold price $61,000

Looking for a great deal on Lakeland Short Sales and Lakeland foreclosures, 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.

Related Posts

1. Lakeland FL Short Sale and Foreclosure Market Report – March 2010
2. Lakeland Real Estate Update: Short Sale and Foreclosure Market Report February 2010
3. Lakeland FL Foreclosure and Short Sale Market Report – January 2010
4. Lakeland FL Real Estate Update – Short Sale and Foreclosure Market Report July 2010
5. Lakeland FL Short Sale and Foreclosure Housing Report – June 2010