Lakeland Market Reports

Lakeland Florida Real Estate Update ~ 01/16-01/31/10

February 6, 2010 by Petra Norris · Leave a Comment 

Update for the Lakeland real estate market! There are 1903 homes for sale throughout Lakeland, Florida – as of 02/06/10; the number of homes for sale remained constant for the month of January. Newly listed homes for the period of January 15th through January 31st increased slightly to 169 Lakeland homes. The average sales price of Lakeland homes listed with area Realtors® decreased to $160,386 from my previous report.

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

1 duplex unit with a sales price of $95,800

7 condos listed with an average sales price of $97,243

15 mobile homes listed with an average sales price of $65,793

14 Townhomes/Villas listed with an average sales price of $92,798

132 single family homes with an average price of $182,141

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 1995 home on approximately 6 acres; featuring 5 bedrooms and 6 baths with over 5,100 square feet of living space currently offered for $675,000 located in the Oakmont Acres.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedrooms 2 baths home listed for $19,900 – just under $19.00 per square foot – located in the Winston Heights 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 – 20 with an average sales price of $100,815

33803 –22 with an average sales price of $171,534

33805 – 12 with an average sales price of $112,441

33809 – 24 with an average sales price of $146,849

33810 – 35 with an average sales price of $138,452

33811 – 19 with an average sales price of $185,471

33812 – 11 with an average sales price of $277,163

33813 – 23 with an average sales price of $209,878

33815 – 03 with an average sales price of $65,233

Update on distressed homes in Lakeland

A total of 573 properties are currently actively being marketed that are facing foreclosure. There were 51 Lakeland homes newly listed in the distressed category with average prices of $109,719 or $62.43 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

January update on Lakeland Real Estate “Sold & Pending”

So far 142 Lakeland properties have sold that have been recorded in the Multiple Listing – an increase from the previous year – check back soon for the Lakeland real estate market report. Currently, there are 475 Lakeland homes have gone to “pending”, awaiting closing.

Looking for a specific home in Lakeland Florida – look no further, feel free to contact me at petra@petranorris.com or click the search button below.

Polk County Existing Home Sales for December 2009

January 30, 2010 by Petra Norris · Leave a Comment 

Overall Polk County Home Sales rose and prices fell in 2009 from the previous year.

Is this true in your neck of the woods?  I’m sure you heard about that this is a buyer’s market in the news and media outlets, but is it really? Real Estate still remains very local and real estate statistics in each town or even in each neighborhood/community could differentiate by a great margin resulting in a seller’s market. Therefore consulting with a local Realtor® with market knowledge and experience is essential to your home buying or home selling needs.

636 existing homes sold – an increase of 7.98% from the previous month (589 sold homes) in Polk County – an increase in sales activity of 185 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes decreased by 4.59% from the previous month to $99,700 and declined 18% from the previous year of $122,000.

Take a look at the city you live in and see what the numbers are for December 2009 for existing home sales – single family homes, condominiums, manufactured homes, duplex, villas, and townhomes -including distressed properties 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

ALTURAS 170,000 170,000 1
AUBURNDALE 130,567 119,000 18
BABSON PARK 125,000 125,000 1
BARTOW 124,190 116,000 10
CLERMONT 69,167 71,000 3
DAVENPORT 131,928 123,925 126
DUNDEE 89,100 89,900 5
EAGLE LAKE 64,500 64,500 2
FORT MEADE 70,000 50,000 3
FROSTPROOF 66,167 56,500 3
HAINES CITY 102,388 87,500 42
HOMELAND 54,900 54,900 1
KISSIMMEE 75,317 67,500 15
LAKE ALFRED 88,207 94,200 6
LAKE WALES 100,233 80,000 21
LAKELAND 123,866 113,950 194
MULBERRY 128,936 133,500 17
POINCIANA 81,444 74,950 80
POLK CITY 72,430 63,000 10
WINTER HAVEN 98,405 92,500 78

Let me break down December 2009 Polk County existing homes sales into various categories:

  • 571 Single family homes, townhomes, villas and ½ duplex – median sold price $105,100 – 150 Average Days on Market
  • 26 Condominiums – median sold price – $72,250 – 136 Average Days on Market
  • 38 Modular, manufactured/mobile homes in park/out of park – median sold price $52,750 – 181 Average Days on Market

Let’s take a look at the distressed Polk County real estate market!

There were only 258 existing homes sold, not categorized as distressed properties, at a median sold price of $125,000 with 162 average days on market, which counted for 41% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 59% of our total sales in Polk County for the month of December.

  • 300 sold homes were Bank Owned – median price $77,250 – Average Days on Market 45
  • 78 sold homes were Short Sales – median price $110,140 – Average Days on Market 196

Lakeland Real Estate Update – 01/01/10-01/15/10

January 28, 2010 by Petra Norris · 1 Comment 

Update for the Lakeland real estate market! Currently, there are 1903 homes for sale throughout Lakeland – as of 01/28/10. Newly listed homes for the period of January 01st through January 15th jumped to 166 Lakeland homes recently listed. The average sales price of Lakeland homes listed with area Realtors® for decreased to $162,992 from my previous report.

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

2 duplex units with an average sales price of $82,000

4 condos listed with an average sales price of $105,425

15 mobile homes listed with an average sales price of $71,400

2 Townhomes/Villas listed with an average sales price of $67,400

143 single family homes with an average price of $176,679

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 2004 pool home; featuring 4 bedrooms and 3 ½  baths with over 3,800 square feet of living space currently offered for $849,000 located in the Eaglebrooke Community.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedrooms 2 bath property listed for $33,000 – just over $22.00 per square foot – located in the Idlewild 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 – 14 with an average sales price of $95,229

33803 –24 with an average sales price of $159,950

33805 – 08 with an average sales price of $141,450

33809 – 17 with an average sales price of $168,318

33810 – 41 with an average sales price of $150,190

33811 – 15 with an average sales price of $152,833

33812 – 15 with an average sales price of $181,473

33813 – 27 with an average sales price of $240,393

33815 – 05with an average sales price of $45,720

Update on distressed homes in Lakeland

A total of 563 properties are currently actively being marketed that are facing foreclosure. There were 69 Lakeland homes newly listed in the distressed category with average prices of $132,768 or $73.95 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

January update on Lakeland Real Estate “Sold & Pending”

So far only 103 Lakeland properties have sold that have been recorded in the Multiple Listing. I suspect the numbers will increase even though we are at the end of the month.

459 Lakeland homes have gone to “pending”, awaiting closing.

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.

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

January 19, 2010 by Petra Norris · Leave a Comment 

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.

Lakeland Real Estate Update – 12/16-12/31/09

January 8, 2010 by Petra Norris · Leave a Comment 

Update for the Lakeland real estate market! Currently, there are 1878 homes for sale throughout Lakeland – as of 01/08/10. Newly listed homes for the period of December 16th through December 31st totaled 121 Lakeland homes recently came on the market. The average sales price of Lakeland homes listed with area Realtors® for decreased to $197,553 from my previous report.

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

4 condos listed with an average sales price of $81,175

10 mobile homes listed with an average sales price of $64,720

1 Townhomes/Villas listed for $64,900

106 single family homes with an average price of $171,831

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 2006 pool home; featuring 4 bedrooms and 4 ½  baths with over 3,700 square feet of living space currently offered for $750,000 located in the Grandview Landings.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 2 bedrooms 1 bath property listed for $16,900 – just over $20.00 per square foot – located in the Winston Heights 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 – 13 with an average sales price of $73,750

33803 –10 with an average sales price of $232,710

33805 – 06 with an average sales price of $78,450

33809 – 11 with an average sales price of $169,063

33810 – 35 with an average sales price of $154,603

33811 – 17 with an average sales price of $179,220

33812 – 05 with an average sales price of $117,460

33813 – 22 with an average sales price of $199,572

33815 – 02 with an average sales price of $99,450

Update on distressed homes in Lakeland

A total of 550 properties are currently actively being marketed that are facing foreclosure. There were 60 Lakeland homes newly listed in the distressed category with average prices of $116,479 or $66.69 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

December was a record breaking month – update on Lakeland Real Estate that have sold

December proved to be the best month for 2009 for the Lakeland real estate market in terms of the number of Lakeland Homes sold. There were 192 Lakeland homes sold so far reported with an average price of $123,943. Look for December’s detailed market report on my blog – coming soon. Lakeland Real Estate under contract but have not closed (Pending) Lakeland homes that are in pending status are at 424.

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.

Lakeland Real Estate Market Update – 12/01-12/15/09

December 21, 2009 by Petra Norris · 1 Comment 

Update for the Lakeland real estate market! Currently, there are 1901 homes for sale throughout Lakeland – as of 12/21/09. Newly listed homes for the period of December 1st through December 15th totaled 126 Lakeland homes recently came on the market. A 16% increase from the my previous report. The average sales price of Lakeland homes listed with area Realtors® increased to $200,409.

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

1 duplex listed for $119,900

4 condos listed with an average sales price of $119,925

16 mobile homes listed with an average sales price of $79,284

1 Townhomes/Villas listed for $49,500

104 single family homes with an average price of $174,525

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 1999 pool home; featuring 4 bedrooms and 4 ½  baths with 5,500 square feet of living space currently offered for $1,100,000 located in the Christina Community.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedroom 1 baths property listed for only $9,000 – just over $6.00 per square foot – located in the Richlawn subdivision and is in fact the cheapest home.

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 – 14 with an average sales price of $56,185

33803 –23 with an average sales price of $186,178

33805 – 09 with an average sales price of $87,888

33809 – 10 with an average sales price of $130,425

33810 – 21 with an average sales price of $110,200

33811 – 13 with an average sales price of $200,169

33812 – 07 with an average sales price of $179,400

33813 – 25 with an average sales price of $260,785

33815 – 04 with an average sales price of $53,025

Update on distressed homes in Lakeland

A total of 539 properties are currently actively being marketed that are facing foreclosure. There were 55 Lakeland homes newly listed in the distressed category with average prices of $111,484 or $68.33 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 December 1st through December 15th there have been 80 Lakeland homes sold so far reported with an average price of $126,137.  Lakeland Real Estate under contract but have not closed (Pending) Lakeland homes that are in pending status are at 460.

For more information on the location of these newly listed 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.

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Lakeland Real Estate Market Report for November 2009

December 21, 2009 by Petra Norris · Leave a Comment 

Despite Polk County’s unemployment numbers in the double digits, Lakeland Florida real estate sales activity continued strong for the month of November.

Lakeland Homes sold in November: 174 – previous month:  177 – previous year November 08: 106 sold

Lakeland Real Estate Market Report YTD 2009

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

Lakeland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Grand Total
33801

20

12

15

21

13

16

17

12

20

27

20

193

33803

11

10

16

18

16

19

26

19

22

25

20

202

33805

12

11

12

9

5

10

14

14

8

14

12

121

33809

13

12

16

11

18

17

16

17

25

17

21

183

33810

25

31

34

31

46

37

40

33

42

46

43

408

33811

10

16

17

18

18

22

20

15

22

15

18

191

33812

10

5

8

13

7

9

16

15

10

9

13

115

33813

9

25

27

28

26

33

35

38

29

22

24

296

33815

5

3

7

5

7

6

4

3

5

2

3

50

Grand Total

115

125

152

154

156

169

188

166

183

177

174

1759

November – average sales price $122,590

Previous month: $115,952 (+ 5.7%) – previous year November 08: $159,241(-23%)

November – median sales price $119,000

Previous month: $107,000 (+11%) – previous year November 08: $142,500 (-16.5%)

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

Lakeland Real Estate - Report November 2009

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.

Lakeland Real Estate Market by Zip Code - Nov 09

Distressed properties in Lakeland, Florida

For the month of November, Lakeland’s real estate market of distressed homes and bank-owned (REO) properties had a market share of 53%. There were a total of 92 properties sold in November compared to 36 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

Average days on market (DOM) for bank-owned properties are 60 days

Average days on market (DOM) for other distressed properties are 158 days.

29 Distressed Homes Sold – average sold price $124,506 – median sold price $115,000

63 Bank-owned (REO) sold – average sold price $89,084 – median sold price $75,000

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.

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

December 7, 2009 by Petra Norris · 1 Comment 

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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Lakeland Real Estate Housing Report for October 2009

November 25, 2009 by Petra Norris · Leave a Comment 

Lakeland real estate sales activity in October remained very active with a total of 177 homes that were sold in Lakeland.  When comparing to last year’s activity, home sales shows an increase by 29% for the Lakeland Real Estate market.

Average and median Lakeland home sale prices at its lowest for this year

Average sold prices for October decreased to $115,951($67.72 per sq.ft.) or 10% from the previous month and 23% from the previous year, respectively.  Median prices dipped for October to $107,000 or 12% for homes sold in Lakeland when comparing to the previous month.

  • Average Lakeland Sold price for October 2008 – $149,732 – decrease of 23%
  • Median Lakeland sold price for October 2008 – $140,000 – decrease of 24%

LakelandGraphYTDOct

Based on recent sales history for the Lakeland Real Estate market, it shows here in this spreadsheet below where the most activity takes place and what types of homes are selling.

OverallStatisticsOct09

Distressed properties in Lakeland, Florida

For the month of October, distressed homes, such as Lakeland Short Sales, pre-foreclosures, in foreclosures and bank-owned (REO) properties had a market share of almost 52% in the Lakeland Real Estate market. There were a total of 91 properties sold in October compared to 51 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

  • 28 Distressed Homes Sold – average sold price $116,270 – $65.55 per sq.ft.
  • 63 Bank-owned (REO) sold – average sold price $80,252 – $49.31 per sq.ft.

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.

LakelandZipcodeOct09

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

Zip Codes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Grand Total
33801

20

12

15

21

13

16

17

12

20

27

173

33803

11

10

16

18

16

19

26

19

22

25

182

33805

12

11

12

9

5

10

14

14

8

14

109

33809

13

12

16

11

18

17

16

17

25

17

162

33810

25

31

34

31

46

37

40

33

42

46

365

33811

10

16

17

18

18

22

20

15

22

15

173

33812

10

5

8

13

7

9

16

15

10

9

102

33813

9

25

27

28

26

33

35

38

29

22

272

33815

5

3

7

5

7

6

4

3

5

2

47

Grand Total

115

125

152

154

156

169

188

166

183

177

1585

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.

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Lakeland Real Estate Update – 11/01/09-11/15/09

November 19, 2009 by Petra Norris · 1 Comment 

Update for the Lakeland real estate market! Currently, there are 1943 homes for sale throughout Lakeland – as of 11/19/09. Newly listed homes for the period of November 1st through November 15th totaled 153 Lakeland homes recently came on the market. A decline from the previous my previous report. Average sales price of $176,647 or $89.01 per square foot with area Realtors®.

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

 3 duplex listed with an average sales price of $93,276

6 condos listed with an average sales price of $152,183

7 mobile homes listed with an average sales price of $72,614

6 Townhomes/Villas listed with an average sales price of $92,866

130 single family homes with an average price of $191,121

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 1996 pool home is located on Scott Lake; featuring 5 bedrooms and 4 ½  baths with over 6,100 square feet of living space currently offered for $2,995,000.  On the contrary, the cheapest Lakeland home newly listed is a 2 bedroom 2 baths listed for only $30,000 – just over $26.00 per square foot – located in the Rolling Glen 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 $93,276

 33803 – 28 with an average sales price of $178,857

33805 – 06 with an average sales price of $126,698

 33809 – 20 with an average sales price of $128,425

33810 – 31 with an average sales price of $123,841

33811 – 11 with an average sales price of $236,436

33812 – 08 with an average sales price of $158,575

 33813 – 28 with an average sales price of $328,639

33815 – 04 with an average sales price of $48,575

Update on distressed homes in Lakeland

A total of 549 properties are currently actively being marketed that are facing foreclosure. There were 64 Lakeland homes newly listed in the distressed category with average prices of $109,473 or $69.58 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 15th there have been 59 Lakeland homes sold so far reported with an average price of $106,893. Lakeland Real Estate under contract but have not closed (Pending) Lakeland homes that are in pending status are at 516, a trend that has increased steadily over the past few months. This is a positive sign indicating sales are stabilizing or increasing.

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