Lakeland Market Reports

Lakeland Real Estate Update – 02/16/10-02/28/10

Update for the Lakeland FL real estate market! There are 1912 homes for sale throughout Lakeland, Florida – as of 03/09/10. The inventory of Lakeland homes for sale in the past few months hovers around 1900. Newly listed homes for the period of February 16^th through February 28^th decreased to 135 Lakeland homes for sale. The average sales price of Lakeland homes listed with area Realtors® increased to $165,281 from my previous report.

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

4 duplex units with a sales price of $138,425

4 condos listed with an average sales price of $61,325

10 mobile homes listed with an average sales price of $56,310

4Townhomes/Villas listed with an average sales price of $177,587

113 single family homes with an average price of $179,119

Lakeland’s newest homes listed! The priciest home on the market in Lakeland is a 2006 Hulbert custom built estate with pool features 5 bedrooms and 4 2½ baths with over 5,100 square feet of living space. This home is located in the Christina community and is offered at $1,899,000.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedrooms 2baths home listed for $16,400 – just over $12.00 per square foot – located in the Albert Park 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 $93,598

33803 – 16 with an average sales price of $201,297

33805 – 11 with an average sales price of $88,218

33809 – 12 with an average sales price of $170,942

33810 – 31 with an average sales price of $107,023

33811 – 10 with an average sales price of $173,500

33812 – 06 with an average sales price of $219,667

33813 – 31 with an average sales price of $265,574

33815 – 04 with an average sales price of $39,152

Update on distressed homes in Lakeland

A total of 599 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 $101,305 or $61 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3^rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

February update on Lakeland real estate “Sold & Pending”

So far 146 Lakeland properties have sold that have been recorded in the Multiple Listing. Currently, there are 533 Lakeland homes have gone to “pending”, awaiting closing.

Check back soon for your Lakeland Real Estate Market Report for February 2010!

Polk County Existing Home Sales for January 2010

Slow start of the overall Polk County Home Sales in January when comparing sales history for the past year. Although average Polk County home prices have somewhat been stable in recent months, the number of homes sold in Polk County took a nose dive when comparing the number of sales from the past few months. If you are a person that is visual like me, just take a look at the chart below to see what I’m talking about.  Please keep in mind, the figures reflect all homes as indicated below, not just single family homes you see in media reports.

500 existing homes sold – a decrease of 21% from the previous month (636 sold homes) in Polk County – an increase in sales activity of 111 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes decreased by 1 ¾% from the previous month to $97,950, however remained almost the same from the previous year of $98,000.

Take a look at the city you live in and see what the numbers are for January 2010 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

AUBURNDALE	110,675	111,950	16
BARTOW	106,201	80,000	8
CLERMONT	88,000	88,000	1
DAVENPORT	117,716	110,000	122
DUNDEE	75,000	75,000	2
EAGLE LAKE	9,100	9,100	1
FORT MEADE	140,750	106,500	4
FROSTPROOF	64,283	63,000	3
HAINES CITY	91,398	79,900	32
KATHLEEN	40,000	40,000	1
KISSIMMEE	138,545	100,000	11
LAKE ALFRED	92,450	92,450	2
LAKE HAMILTON	60,500	60,500	2
LAKE WALES	64,199	45,000	19
LAKELAND	126,320	112,900	145
MULBERRY	108,136	118,620	14
POINCIANA	85,345	72,000	51
POLK CITY	38,451	47,000	3
WINTER HAVEN	112,701	91,000	63

Let me break down January 2010 Polk County existing homes sales into various categories:

• 447 Single family homes, townhomes, villas and ½ duplex – median sold price $103,000 – 148 Average Days to Closing
• 19 Condominiums – median sold price – $65,000 – 149 Average Days on Closing
• 34 Modular, manufactured/mobile homes in park/out of park – median sold price $56,500 – 233 Average Days to Closing

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

There were 183 existing homes sold, not categorized as distressed properties, at a median sold price of $130,000 with 206 average days to closing, which counted for almost 37% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 63% of our total sales in Polk County for the month of January.

• 234 sold homes were Bank Owned – median price $79,450 – Average Days to Closing  81
• 83 sold homes were Short Sales – median price $102,000 – Average Days to Closing 247

Lakeland FL Real Estate Update for 02/01-02/15/2010

Update for the Lakeland FL real estate market! There are 1923 homes for sale throughout Lakeland, Florida – as of 02/19/10. While Lakeland homes inventory remains stable, newly listed homes for the period of February 1^st through February 15^th increased by 16.75% to 203 Lakeland homes for sale. 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 for sale in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:

3 duplex units with a sales price of $48,267

6 condos listed with an average sales price of $141,417

18 mobile homes listed with an average sales price of $62,678

5 Townhomes/Villas listed with an average sales price of $107,440

171 single family homes with an average price of $181,178

Lakeland’s newest homes listed! The priciest and also currently the most expensive home on the market in Lakeland is this 2008 McQuillen custom built pool home which features 6 bedrooms and 5 ½ baths with over 6,700 square feet of living space of the main house and is located in the Crescent Woods community. Its current list price is $2,100,000.  On the contrary, the cheapest Lakeland home newly listed is a HUD bank owned 2 bedrooms 1 baths home listed for $15,000 – just under $15.00 per square foot – located in the Valencia 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 – 19 with an average sales price of $73,198

33803 – 21 with an average sales price of $172,362

33805 – 10 with an average sales price of $90,316

33809 – 28 with an average sales price of $132,316

33810 – 41 with an average sales price of $117,315

33811 – 22 with an average sales price of $164,303

33812 – 13 with an average sales price of $180,000

33813 – 39 with an average sales price of $313,188

33815 – 09 with an average sales price of $96,444

Update on distressed homes in Lakeland

A total of 589 properties are currently actively being marketed that are facing foreclosure. There were 95 Lakeland homes newly listed in the distressed category with average prices of $125,841 or $66 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3^rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

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.

February update on Lakeland real estate “Sold & Pending”

So far 73 Lakeland properties have sold that have been recorded in the Multiple Listing. Currently, there are 494 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.

Lakeland FL Foreclosure and Short Sale Market Report – January 2010

The foreclosure and short sale market has affected all of us here in Lakeland, Florida with the ever decreasing home values in most neighborhoods if not all neighborhoods in our city.  High unemployment rates, influx in foreclosed properties for the foreseeable future and shadow inventory that has yet to hit the real estate market.  Therefore highlighting the Lakeland foreclosures and short sale market for sellers, home buyers and investors is very important in determining their options whether buying or selling.

Starting with this month Lakeland Florida Short Sale and Foreclosure market report, the distressed market report will have its own report.

For the month of January, Lakeland’s real estate market of short sales and bank-owned (REO) properties had a market share of 60%. There were a total of 88 properties sold in January compared to 60 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 498 Lakeland homes under contract (02/18/2010). By calculating total inventory, homes that are under contract because these properties have not closed is included in my inventory share.

• Bank owned properties – Inventory share is 12.17%
• Short sale properties – Inventory share is 25.42%

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

• Average days on market (DOM) for bank-owned properties are 45 days
• Average days to contract for other distressed properties are 136 days.

25 Distressed Homes Sold – average sold price $146,724 – median sold price $139,900

63 Bank-owned (REO) sold – average sold price $88,319 – median sold price $81,000

Distressed sales are scattered in all parts of Lakeland Florida as you can see from this graph below.

If you are interested in Lakeland Foreclosures and Short Sales, feel free to contact me at petra@petranorris.com or click the search button below.

Lakeland Real Estate Update on Sold Homes in January 2010

A stable Lakeland real estate Market is a key factor for the housing market to rebound.  For the month of January a total of 145 homes were sold overall.  Last year’s overall Lakeland Florida Real Estate market was somewhat of a roller coaster ride with home prices up and down throughout the year.  Will the roller coaster ride continue in 2010? From the graph below you can see that average Lakeland home prices have increased since October 2009 by almost 9%.

Lakeland Homes sold in January: 145 – previous month:  194 – previous year January 09: 115 sold

January – average sales price $126,320

Previous month: $123,866 (+ 2%) – previous year January 09: $130,334 (-3.08%)

January – median sales price $112,900

Previous month: $113,950 (-0.92%) – previous year January 09: $96,000 (17.6%)

The graph below represents average and median prices in Lakeland 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, townhomes, villas and duplex units.

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 homes sold that are priced right will sell quickly.  In my analysis of last month activity shows that home owners, who are having their properties marketed at the right price, achieve 97% of their list price.  Here is a breakdown:

• 0-30 days – 96.92% average sold price/list price ratio
• 31-60 days – 98.22% average sold price/list price ratio
• 61-90 days – 95.4% average sold price/list price ratio
• 91-120 days – 93.23% average sold price/list price ratio
• 121+ days – 92.28% average sold price/list price ratio

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.

Distressed properties in Lakeland, Florida

For the month of January, Lakeland’s real estate market of distressed homes and bank-owned (REO) properties had a market share of 60%. There were a total of 88 properties sold in January compared to 60 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS. After further evaluation of my Lakeland Real Estate Market and to my readers who follow the distressed market report closely deserve clarity.  Starting out with January’s Real Estate Report, the distressed market report will have its own report.  Please check back soon for your detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

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

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 15^th through January 31^st 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 3^rd 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

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

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 01^st 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 3^rd 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

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

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 16^th through December 31^st 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 3^rd 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.

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