Chuck Welch

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!

Chuck Welch

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.

Chuck Welch

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.

Chuck Welch

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.

Chuck Welch

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

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 1^st through December 15^th 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 3^rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

Update on Lakeland Real Estate that have sold

For the period of December 1^st through December 15^th 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.

Chuck Welch

Lakeland Real Estate Update – October 1st – October 15th, 2009

Update for the Lakeland real estate market! Currently, there are 1934 homes for sale throughout Lakeland – as of 10/20/09, which remained balanced for the past few weeks. Newly listed homes for the period of October 1^st through October 15^th totaled 185 Lakeland homes recently came on the market. Average sales price of $154,469 or $89.68 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:

7 condos listed with an average sales price of $112,385

16 mobile homes listed with an average sales price of $96,662

8 Townhomes/Villas listed with an average sales price of $89,521

154 single family homes with an average price of $165,762

The priciest Lakeland real estate just listed is a 2008 pool home located in the Crescent Woods subdivision; featuring 4 bedrooms and 4 1/2 baths with over 4,400 square feet of living space currently offered for $895,000.  On the contrary, the cheapest Lakeland home newly listed is a 2 bedroom 1 bath listed for only $10,000 – just under $15.00 per square foot – located in the Palma Ceia Court 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 $87,235

33803 – 23 with an average sales price of $157,943

33805 – 19 with an average sales price of $123,084

33809 – 33 with an average sales price of $175,256

33810 – 41 with an average sales price of $149,776

33811 – 20 with an average sales price of $179,510

33812 – 06 with an average sales price of $191,700

33813 – 18 with an average sales price of $216,203

33815 – 08 with an average sales price of $70,775

Update on distressed homes in Lakeland

A total of 520 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 $120,094 or $68.06 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3^rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

Update on Lakeland Real Estate that have sold

For the period of October 1^st through October 15^th there have been 71 Lakeland homes sold so far with an average price of $119, 974 or $69.08 per sq. ft.

For more information on the location of the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

Are you looking for a great deal here in Lakeland, Florida - look no further – it is all right here with a click of your mouse.

Chuck Welch

Lakeland Real Estate Housing Report for August 2009

Lakeland real estate sales activity decreased for August, there were 166 homes sold down 12% from the previous month of 188. While prices are also lagging behind the numbers from last year, home sales increased by 27% from August 2008 in Lakeland, Florida.

While the median prices held steady for August at $130,000 for homes sold in Lakeland when compared to the previous month. Average sold prices decreased to $136,324 ($73.75 per sq.ft.) or 8% from the previous month and 13% from the previous year, respectively for Lakeland Real Estate.

Average Lakeland Sold price for August 2008 – $155,918– decrease of 13%

Median Lakeland sold price for August 2008 – $140,000 – decrease of 7%

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.

Distressed properties in Lakeland, Florida

For the month of August, distressed homes and bank-owned (REO) properties had a market share of 45% in the Lakeland Real Estate market. There were a total of 74 properties sold in August compared to 18 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

30 Distressed Homes Sold – average sold price $124,753 – $65.41 per sq.ft.

44 Bank-owned (REO) sold – average sold price $96,624 – $54.32 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.

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

Zip Codes	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Grand Total
33801	20	12	15	21	13	16	17	12	126
33803	11	10	16	18	16	19	26	19	135
33805	12	11	12	9	5	10	14	14	87
33809	13	12	16	11	18	17	16	17	120
33810	25	31	34	31	46	37	40	33	277
33811	10	16	17	18	18	22	20	15	136
33812	10	5	8	13	7	9	16	15	83
33813	9	25	27	28	26	33	35	38	221
33815	5	3	7	5	7	6	4	3	40
Grand Total	115	125	152	154	156	169	188	166	1225

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.

Chuck Welch

Lakeland FL Homes for Sale – Bi-weekly Update on New Listings 08/24/09-09/06/09

Bi-weekly update for the Lakeland real estate market! Currently, there are 1933 homes for sale throughout Lakeland – as of 09/10/09. The homes newly listed for sale decreased from two weeks ago to 127 homes in Lakeland with an average sales price of $160,907 or $84.66 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:

1 duplex unit listed for $41,085

6 condos listed with an average sales price of $105,075

17 mobile homes listed with an average sales price of $84,979

3 Townhomes/Villas listed with an average sales price of $110,466

100 single family homes with an average price of $179,876

The priciest home that came newly on the market here in Lakeland, Florida is a 1986 completely renovated lake front pool home overlooking Lake Gibson located in the Wedgewood Lake Estates subdivision; featuring 3 bedrooms and 2 baths with over 4,800 square feet of living space currently offered for $985,000.  On the contrary, the cheapest Lakeland real estate newly listed is a 2 bedroom 1 bath bank-owned property listed for only $20,900 – just over $22.00 per square foot – located in Weswego 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 $98,469

33803 – 11 with an average sales price of $167,422

33805 – 09 with an average sales price of $129,622

33809 – 20 with an average sales price of $226,344

33810 – 32 with an average sales price of $124,281

33811 – 11 with an average sales price of $144,281

33812 – 08with an average sales price of $211,843

33813 – 19 with an average sales price of $217,594

33815 – 04 with an average sales price of $54,243

Bi-weekly update on distressed properties in Lakeland

A total of 468 properties are currently actively being marketed that are facing foreclosure. There were 48 Lakeland homes newly listed in the distressed category with average prices of $108,463 or $64.94 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 the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

Would you like to do your own search for properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.

Chuck Welch

Lakeland FL Real Estate for Sale – Biweekly Update Newly Listed 08/10-08/23/09

Bi-weekly update for the Lakeland real estate market! Currently, there are 1942 homes for sale throughout Lakeland, Florida– as of 08/27/09. The homes newly listed for sale increased a bit from two weeks ago to 134 homes in Lakeland with an average sales price of $184,796 or $92.49 per square foot with area Realtors®. Although the Lakeland real estate inventory is slightly decreasing from week to week, I noticed an increase of luxurious homes coming on the market. During the first quarter, only 4 homes priced over $1 million entered the Lakeland Real Estate market, while the second quarter produced an additional 10 homes, totaling 22 Lakeland homes for sale priced over $1,000.000.

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 listed for $125,000

8 condos listed with an average sales price of $162,075

8 mobile homes listed with an average sales price of $77,050

3 Townhomes/Villas listed with an average sales price of $138,266

114 single family homes with an average price of $195,700

Another million dollar home – the priciest home that came newly on the market here in Lakeland, Florida is a 2005 custom  luxury pool home built by Olivera Construction; featuring 4 bedrooms and 4  ½ baths with over 5,500 square feet of living space currently offered for $1,485,000.  On the contrary, the cheapest home newly listed is a 3 bedroom 1 bath bank-owned property listed for only $21,900 – just over $20.00 per square foot – located in Midpark Heights.

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 Lakeland FL zip code:

33801 – 08 with an average sales price of $90,262

33803 – 16 with an average sales price of $186,600

33805 – 08 with an average sales price of $62,887

33809 – 16 with an average sales price of $156,887

33810 – 30 with an average sales price of $156,550

33811 – 17 with an average sales price of $145,661

33812 – 10 with an average sales price of $221,735

33813 – 23 with an average sales price of $352,126

33815 – 06 with an average sales price of $107,116

Bi-weekly update on distressed properties in Lakeland

A total of 425 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 $133,256 or $92.25 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 the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

Would you like to do your own search for properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.

Chuck Welch

Lakeland Homes for Sale – Bi-weekly Update on New Listings 07/27/09-08/09/09

Bi-weekly update for the Lakeland real estate market! Currently, there are 1952 homes for sale throughout Lakeland – as of 08/12/09. The homes newly listed for sale dropped from two weeks ago to 129 homes in Lakeland with an average sales price of $176,288 or $90.32 per square foot with area Realtors®. Our Lakeland real estate inventory is slightly decreasing from week to week, resulting in a more active market.

The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:

6 condos listed with an average sales price of $93,116

11 mobile homes listed with an average sales price of $66,218

5 Townhomes/Villas with an average sales price for $115,370

108 single family homes with an average price of $193,815

Another home hit the Lakeland real estate market over the $1 million threshold. The priciest home that came newly on the market here in Lakeland, Florida is a 2000 luxury home overlooking beautiful Lake Hollingsworth; featuring 4 bedrooms and 3  ½ baths with over 4,700 square feet of living space currently offered for $1,250,000.  On the contrary, the cheapest home newly listed is a 3 bedroom 2 bath bank-owned property listed for only $22,500 – just over $16.00 per square foot – located in Midpark-Heights. 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 – 11 with an average sales price of $92,036

33803 – 14 with an average sales price of $292,445

33805 – 11 with an average sales price of $144,774

33809 – 19 with an average sales price of $161,788

33810 – 33 with an average sales price of $149,160

33811 – 10 with an average sales price of $174,165

33812 – 05 with an average sales price of $142,124

33813 – 25 with an average sales price of $222,346

33815 – 01 with listed sales price of $34,900

Bi-weekly update on distressed properties in Lakeland

A total of 488 properties are currently actively being marketed that are facing foreclosure. There were 47 Lakeland homes newly listed in the distressed category with average prices of $128,183 or $71.97 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 the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

Would you like to do your own search for properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.

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