Lakeland FL Homes for Sale – Overall Home Sales for March 2011
Lakeland Florida average overall existing home sales improved without the government’s incentive of the first-time home buyer tax credit, to $114,573 for the month of March when compared to the prior month and March of the previous year of $113,417. Home sales continued to increase since hitting a low in November 2010 – a total of 227 existing homes sold in Lakeland FL
227 Lakeland Fl houses that have sold in March, an increase from the previous month of February of 192. March market share of distressed home sales decreased also to 54% from the previous month.
227 Lakeland overall homes sales in March:
February 2011: 192 – previous year March 10: 239 sold
March – average sales price $114,573
February: $93,265 (22.85%) – previous year March 10: $113,417 (1.02%)
March – median sales price $95,000
Previous month: $79,900 (18.90%) – previous year March 10: $104,000 (-8.65%)
The graph below represents average and median home sales for March in Lakeland, Fl for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units for sale.
What was the average sales price 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 home sales have exceeded.
A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2319 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending). From the chart below you can see the housing trend with respect to Supply and Demand and the overall absorption rate for the Lakeland, FL housing market.
Distressed properties in Lakeland, Florida
For the month of March, Lakeland’s real estate market of distressed homes had a market share of 54.18%. There were a total of 123 homes sold in March, according to Mid-Florida Regional MLS.
Check back soon for March detailed Lakeland Florida housing report that highlights bank-owned properties (REOs) and Lakeland FL Short Sales.
I have been reporting on Lakeland FL Homes for Sale and provided my readers with a comprehensive market report for homes that have sold on a monthly basis. Check out these monthly reports:
February 2011 Lakeland FL Homes for Sale – Overall Housing Market Report
January 2011 Lakeland FL Homes for Sale – Overall Housing Market Report
December 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
November 2010 Lakeland Fl Homes for Sale – Overall Housing Market Report
October 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
September 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
August 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
July 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
June 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
May 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
April 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
March 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
February 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
January 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.
Search thousands of Lakeland Fl Homes for Sale right here, for free – no registration required!
Copyright © 2011 By Petra Norris *Lakeland FL Homes for Sale – Overall Home Sales for March 2011*
Buying a Lakeland FL Home – What is a Buyer’s Agent?
Many times I get calls from consumers looking for more information on a particular Lakeland FL home they found on the internet, in particular on my website or on my blog site. Most of the callers think that these Lakeland FL homes for sale are my listings. Well, truth be told many of the listings and currently there are over 1500 homes for sale, are really not all my listings. - Educate buyer’s client to help understand the process from the beginning until the end.
- Preview and setup showings for the buyer.
- Provide the buyer with detailed information about the property the buyer has shown interest in.
- Provide the buyer with a comparable market analysis to determine an offer price
- Providing all necessary disclosures that applies to the home, i.e. Short Sale, Lead Based Paint Disclosure, Property Seller’s Disclosures, etc.
- Making sure that the buyer understands the numerous deadlines that appear in the contract for sale and purchase
- Prepare the offer for the buyer and making sure buyer understand the offer.
- Advise the buyer to seek legal and tax advice.
- Timely deliver contract and counter offer, if necessary
- Collect or make sure the earnest money deposit is timely delivered at the title co. or attorney’s office.
- Communicate with the mortgage broker/lender throughout the loan process to avoid any unnecessary delay.
- Review Good-Faith estimate on behalf of the borrower/buyer.
- Schedule all inspections and be in constant communication with the buyer.
- Attend all inspections and re-inspections and communicate the inspector’s findings.
- Be present at the time the appraisal is done and if necessary when there is a FHA/USDA or VA loan required repairs.
- Be in constant communication with lender, title company and buyer to make the closing process as smooth as possible.
- Review the settlement statement with the buyer.
- Arrange for final walk-through.
- Attend closing.
Copyright © 2011 By Petra Norris * Lakeland FL Homes for Sale – Just Listed Apr 1 through Apr 15, 2011*
Temporary Relief for Lakeland FL Homeowners through FL Hardest Hit Help
With high unemployment rates here in Lakeland FL and throughout Polk County, a $1 billion temporary relief program is expected to help 40,000 Floridians with their mortgage payments. It is first come, first serve basis and there are some ground rules that apply:
An eligible homeowner:
- Must be a Florida resident;
- Must occupy property as primary residence (the property cannot be vacant, abandoned or rented);
- Borrower/co-borrower must be unemployed or underemployed through no fault of his/her own, which makes the first mortgage unaffordable;
- Must have documented total household income at or below 140% of the area median income (AMI), adjusted for household size;
- Must have an active checking/savings account that can be debited by the ACH method of funds transfer;
- May not have unencumbered assets of $5,000 or more, or three times the current monthly mortgage payment (whichever is greater);
- Cannot have a bankruptcy that has not been discharged or dismissed; and
- Cannot have been convicted of a mortgage-related felony in the last 10 years.
The current mortgage:
- Must be serviced by a participating lender, who agrees to accept payments on behalf of the homeowner;
- Must not be more than 180 days past due at the time of application;
- Must have been originated on or before January 1, 2009; and
- Must have an existing principal balance of less than $400,000.
The above stated information was taken from the Florida Hardest Hit (HHF) official web site at: www.flhardesthithelp.org and is not all inclusive. I encourage you to visit their website and start your application process as soon as possible.
I am all about helping Lakeland FL homeowners and homeowners throughout Polk County, who are in distress due to unemployment or any other financial distress, keeping their homes. For some folks, six months is all they need to get back on their feet and for some the answer is much more grim where a Short Sale may be your best solution.
I want to share with you various of resources that are available to you that is also available for you to view at Florida Hardest Hit-Help website:
IMPORTANT NOTICE: CDV Transatlantic,Inc. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
Copyright © 2011 By Petra Norris * Temporary Relief for Lakeland FL Homeowners through FL Hardest Hit Help*
Polk County Real Estate Market Update – February 2011
Polk County’s overall existing home sales increased to a total of 653 Polk County Homes sold in February. Overall Average Polk County home prices still declining from theprevious month to $93,705 by 5%.
A look back in history of Polk County’s overall existing median home prices:
- February 2006 – median price $180,750 (-58.56%) – 672 homes sold
- February 2007 – median price $180,000 (-58.39%) – 476 homes sold
- February 2008 – median price $157,000 (-52.29%) – 315 homes sold
- February 2009 – median price $101,000 (-25.84%) – 453 homes sold
- February 2010 – median price $85,400 (-12.30%) – 607 homes sold
653 existing homes sold – a 20% increase from the previous month (545) sold homes in Polk County, FL.
Overall median sales decreased also by 6.38% to $74,900 for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for February 2011 for existing home sales – single-family homes, condominiums, manufactured homes, duplex, villas, and town homes -including distressed homes in Polk County. Please take note only sales recorded by Realtors® are taken into account. The source for this data is Mid-Florida Regional MLS Service; it is deemed reliable but not guaranteed.
City Average Sold Price Median Sold Price # of Homes Sold
|
AUBURNDALE |
83,781 |
58,000 |
17 |
|
BABSON PARK |
52,000 |
52,000 |
1 |
|
BARTOW |
41,063 |
29,925 |
12 |
|
BRADLEY |
25,000 |
25,000 |
1 |
|
CLERMONT |
49,000 |
49,000 |
2 |
|
DAVENPORT |
108,490 |
97,500 |
142 |
|
DUNDEE |
60,400 |
62,000 |
7 |
|
EAGLE LAKE |
58,625 |
46,750 |
4 |
|
FORT MEADE |
109,948 |
46,338 |
5 |
|
FROSTPROOF |
41,670 |
32,500 |
10 |
|
HAINES CITY |
85,985 |
67,000 |
41 |
|
KISSIMMEE |
69,718 |
65,625 |
20 |
|
LAKE ALFRED |
57,333 |
45,000 |
6 |
|
LAKE HAMILTON |
34,050 |
34,050 |
2 |
|
LAKE WALES |
75,795 |
57,750 |
29 |
|
LAKELAND |
94,488 |
79,950 |
192 |
|
LAKESHORE |
14,900 |
14,900 |
1 |
|
MULBERRY |
85,657 |
78,175 |
10 |
|
POINCIANA |
79,726 |
69,950 |
65 |
|
POLK CITY |
48,000 |
49,000 |
5 |
|
WAVERLY |
58,000 |
58,000 |
1 |
|
WINTER HAVEN |
88,763 |
79,950 |
80 |
What did Polk County Home Buyers buy?
163 homebuyers bought at a price range of $49,999 and below
278 home buyers bought at a price range of $50,000 – $99,999
136 home buyers bought at a price range of $100,000 – $149,999
46 home buyers bought at a price range of $150,000 – $199,999
12 home buyers bought at a price range of $200,000 – $249,999
6 home buyers bought at a price range of $250,000 – $299,999
8 home buyers bought at a price range of $300,000 – $349,999
2 home buyers bought at a price range of $350,000 – $399,999
1 home buyer bought at a price range of $400,000 – $499,999
1 home buyer bought at a price range of $900,000 – $999,999
Almost 65% of buyers were cash buyers who bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.
Let me break down February 2011 Polk County existing homes sales into various categories:
526 Single family homes – median price $83,900 – 164 Average Days to Closing
37 Town homes, villas and duplex units – median price $65,500 – 105 Average Days to Closing
33 Condominiums – median sold price – $50,000 – 215 Average Days on Closing
57 Modular, manufactured/mobile homes in park/out of park – median sold price $48,900 – 179 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – February 2011!
There were 225 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $86,100 with 199 average days to closing. Traditional sales counted for almost 34.50% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales continues to dictate the Polk County real estate market as it accounted for 65.39% of our total sales for the month of February.
327 sold homes were foreclosures/REO Bank Owned – median price $65,900 – Average Days to Closing 116.
100 sold homes were Short Sales – median price $80,000 – Average Days to Closing 248.
Sandpiper Lakeland FL Homes for Sale | 55+Golf Community
There are a variety of Sandpiper Lakeland FL Homes for Sale that range in price from the low 90′s to the high 180s. With low quarterly Home Owner’s Association Dues, the community offers cable and ground maintenance. Although home prices have decreased in this community as well, the Sandpiper golf community has enjoyed fairly stable home values compared to other areas with very few distressed properties in the community.
Most of the homes for sale in Sandpiper Lakeland FL are 2 bedrooms/2baths where you can find floorplans with ample living area at attractive pricing:
Please click on the link for all of 2 bedrooms/2baths here at Lakeland FL Sandpiper homes for sale
If you are in need of a 3bedrooms/2baths home there are some available at a great price. These homes are large in size ranging from 1531 to 1899 living square feet:
Please click on the link for all 3 bedrooms/2baths here at Lakeland FL Sandpiper homes for sale
The Sandpiper Golf & Country Club in Lakeland, Florida, an active 55+ adult community is situated just off Interstate 4 and North Socrum Loop where dining, shopping, churches, and medical facilities are nearby, has plenty of homes for sale.
A development with about 1200 single-family homes and villas with home sizes from 900 – 2,000 square feet, Sandpiper golf and country club community is a very attractive to semi-retirees, retirees and winter residents, known a snow birds.
There are a variety of Sandpiper Lakeland FL Homes for Sale that range in price from the low 90′s to the high 180s. With low quarterly Home Owner’s Association Dues, the community offers cable and ground maintenance. Although home prices have decreased in this community as well, the Sandpiper golf community has enjoyed fairly stable home values compared to other areas with very few distressed properties in the community.
If you prefer a private showing for any of the homes for sale in the Lakeland FL Sandpiper Golf Community, please give Petra Norris a call at (863) 619-6918 or email her at petra@petranorris.com
Lakeland FL Homes for Sale | How Does Our Marketing Help Sell Your Home
This past fall I was contacted by one of my readers who has been looking at Sandpiper Golf & Country club homes for sale and stumbled upon my my blog of the Sandpiper Golf & Country club in Lakeland FL.
She called me to set up an appointment so we could discuss her real estate needs in detail. We talked a little bit about this wonderful community and her desire to buying a home in the Sandpiper Community. During my consultation she informed me that she needs to sell her Cypress Lakes manufactured home first.
After an extensive real estate market research, I noticed that homes in the Cypress Lakes community may have its challenges that are besides the current market value decline. There are only a small number of homes that are land owned and you just can’t go into this 55+ adult community without having an appointment with a resident. The 24hr gate guard is very strict. Nothing is impossible, even for an outsider of this community who has only one thing in mind when it comes to advertising and marketing a unique community such as Cypress Lakes in Lakeland FL, finding a qualified buyer and net the highest possible amount for my client.
You see, the homes that have sold within the last twelve months are averaging almost a year, and the homes that are currently for sale reaching two years on the market off and on. I have explained to the seller that the time is great because folks from the northern states are coming back to Florida and pricing the home attractively will sell during the time the snowbirds are here.
I explained to my seller that the way we handle the marketing efforts of the home, along with a very attractive price, I was convinced that it will sell within a reasonable amount of time.
I was surprised that nobody had made a video about this community. With all my marketing efforts about getting this home as much traffic as possible, a community blog about the Cypress Lakes was in order, so I grabbed my camera and the seller gave me a grand tour in this community.
Check out my YouTube video production!
In February, after adjusting the price we received an offer. After some negotiations, my client accepted the buyers offer for a closing in April.
During this time, we viewed homes in the Sandpiper Golf & Country Community that were within her price range. An offer was made and after negotiations, the seller accepted my clients offer for an April closing.
A successful back to back closing that came from my community blogging efforts about the Sandpiper Golf and Country Club and the Cypress Lakes Community in Lakeland.
If you are in need of selling your Lakeland FL home and you are looking for another way to get more exposure on the world wide web with our marketing efforts, blogs, and social media feel free to contact us at (863) 619-6918 or email petra@petranorris.com for free consultation.
Check out the articles on various Lakeland FL Communities:
BridgeWater Community in Lakeland FL
Hampton Hills in North Lakeland
Sherwood Forest in North Lakeland
Bloomfield Hills in North Lakeland
Lake Hollingsworth in Lakeland FL
Lake Morton Historic District in Lakeland FL
Huntington Hills Golf & Country Club in Lakeland FL
Oakbridge and Grasslands Communities
TerraLargo Community in Lakeland FL
Copyright © 2011 By Petra Norris * Lakeland FL Homes for Sale | How Does My Marketing Help Sell Your Home*
Lakeland Florida Short Sale and Foreclosure Market Report – February 2011
For the month of February, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 67.46% from the previous month. There were a total of 114 distressed homes sold, the same as January 2011 and 89 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 124 days
Average days to Closing for other distressed properties are 259 days.
25 Lakeland FL Short Sale properties sold – average sold price $106,300 – median sold price $113,000
88 Lakeland FL Foreclosures (REO) sold – average sold price $71,311 – median sold price $63,500.
Looking for a great deal on Lakeland FL Short Sales and Lakeland FL foreclosures, feel free to contact me at petra@petranorris.com or use the interactive map here below for your convenience.
Copyright © 2011 By Petra Norris *Lakeland FL Short Sales and Foreclosures – February 2011*
Lakeland FL Homes for Sale – Overall Home Sales for February 2011
Lakeland Florida average overall home sales slipped again to $93,265 for the month of February compared to the month of January 2011. While the overall inventory of homes are shrinking (around 1600 homes for sale in Lakeland FL compared to over 2000 homes for sale at the end of the 4th quarter of 2010) and sellers starting to realize that home prices are not increasing anytime soon since we are still dealing with a lot of distressed homes, such as short sale and foreclosures.
192 Lakeland Fl houses that have sold in February, an increase from the previous month of January of 169. February market share of distressed home sales decreased to 59% from the previous month.
192 Lakeland overall homes sales in February:
January 2011: 169 – previous year February 10: 159 sold
February – average sales price $93,265
January: $94,095 (-0.88%) – previous year February 10: $109,178 (-14.58%)
February – median sales price $79,900
Previous month: $77,500 (3.10%) – previous year February 10: $95,000 (-15.89%)
The graph below represents average and median home sales for February in Lakeland, Fl for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units for sale.
What was the average sales price 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 home sales have exceeded.
Distressed properties in Lakeland, Florida
For the month of February, Lakeland’s real estate market of distressed homes had a market share of 67.46%. There were a total of 114 homes sold in February, according to Mid-Florida Regional MLS.
Check back soon for February’s detailed Lakeland Florida real estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.
For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.
Copyright © 2011 By Petra Norris *Lakeland FL Homes for Sale – Overall Home Sales for February 2011*
