Bi-weekly update for the Lakeland real estate market! Currently, there are 1967 homes for sale throughout Lakeland – as of 7/30/09. The homes newly listed for sale dropped from two weeks ago to 138 homes in Lakeland with an average sales price of $229,481 or $100.38 per square foot with area Realtors®. But why the drastic increase for the average price for Lakeland homes newly listed? Within the last two weeks, there were 4 Lakeland homes listed for over $1 million, which resulted in an increase of the average sales price for Lakeland Real Estate. The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:
1 duplex listed for $160,000
7 condos listed with an average sales price of $120,714
8 mobile homes listed with an average sales price of $78,162
3 Townhomes/Villas listed for $111,013
119 single family homes with an average price of $249,500
As I mentioned before about four Lakeland Homes priced over the $1 million threshold. The priciest home that came newly on the market here in Lakeland, Florida is a 1927 historic Lakeland home with an in ground pool overlooking Lake Hollingsworth; featuring 5 bedrooms and 4 – 2 ½ baths with almost 5,000 square feet of living space currently offered for $1,850,000. On the contrary, the cheapest home newly listed is a 3 bedroom 1 ½ bath property listed for only $33,000 – just over $20.00 per square foot – located in Royal Oak Manor 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 $92,257
33803 – 20 with an average sales price of $396,292
33805 – 10 with an average sales price of $172,919
33809 – 14 with an average sales price of $167,950
33810 – 20 with an average sales price of $152,087
33811 – 15 with an average sales price of $183,516
33812 – 09 with an average sales price of $225,605
33813 – 33 with an average sales price of $310,184
33815 – 03 with an average sales price of $64,966
Bi-weekly update on distressed properties in Lakeland
A total of 490 properties are currently actively being marketed that are facing foreclosure. There were 42 Lakeland homes newly listed in the distressed category with average prices of $131,838 or $74.47 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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.
Sales activity has picked up for Lakeland real estate market with increasing sales since March 2009 recording 169 Lakeland homes sold in June. An increase from 156 homes sold the previous month and more importantly a 14% increase from the previous year.

While the average sales price increased to $145,767 ($75.38 per sq.ft) from the previous month of $124,689 ($71.01 per sq.ft.). Lakeland real estate prices continue to drop for June at 18% from the previous year. Now you probably wondering why the average price increased by almost 17% for Lakeland – this mainly resulted because for the 2nd time this year a property over $1 million was sold. Such a sale will increase the average sales prices in this market when looking at average sales prices.
This is the reason why you need to look at all numbers average sold as well as median sold prices.
While there was also an increase of 4.5% posted from $119,500 the previous month to $125,000 recorded in June 2009, it is more realistic since the highest and the lowest sold property are taken out of the equation. You always want to get both sides of the numbers to get the true picture.

Let’s break it down for you to see the supply and demand for common properties for sale versus the distressed market in the Lakeland real estate market.
Common properties only – Inventory active and pending 1697 homes resulting in 18 month of supply.
Distressed properties – Inventory active and pending 742 homes resulting in a 12 month supply.
Bank-Owned properties continue to influence Lakeland Real Estate
Since the beginning of the year, distressed homes and bank-owned (REO) properties for the Lakeland Real Estate market still playing a major role. Sales activities shows 64 properties sold in June according to Mid-Florida Regional MLS.
26 Distressed Homes Sold – average sold price $132,588 – median sold price $127,500
38 Bank-owned (REO) sold – average sold price $95,229 – median sold price $83,153
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?

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.
Let’s take a look at last month sold report for the surrounding cities in Polk County:
Winter Haven – 75 properties sold – average sold price $119,128 – average $64.40 per sq.ft.
Bartow – 17 properties sold – average sold price $79,472 average $52.63 per sq.ft.
Mulberry – 17 properties sold – average sold price $108,108 – average $67.32 per sq.ft.
Auburndale – 17 properties sold – average sold price $115,122 – average $60.36 per sq.ft.
Polk City – 6 properties sold – average sold price $93,448 – $52.25 per sq.ft.
Lake Alfred – 10 properties sold – average sold price $112,829 – $54.84 per sq.ft.
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.
After a little sabbatical from doing my weekly market report for Lakeland because of time constraints, due to other commitments personally and professionally; I’m back to keep Lakeland residents and those interested in Lakeland real estate up-to-date. The only thing that will change, the report will come to you every two weeks – bi-weekly.
The most important factor happening with the Lakeland real estate market is ” supply”. Currently, there are 1981 homes for sale in Lakeland. The last time I saw our inventory drop below 2000 was July 2006 – wow exactly 3 years ago.
Lakeland Homes for sale bi-weekly update! There were 146 homes newly listed in Lakeland with an average sales price of $181,430 or $95.71 per square foot with area Realtors®. The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:
3 duplex listed with an average sales price of $61,400
7 condos listed with an average sales price of $113,614
12 mobile homes listed with an average sales price of $86,191
6 Townhomes/Villas listed for $105,148
118 single family homes with an average price of $202,069
The priciest home that came newly on the market here in Lakeland, Florida is a 2002 Former Rutenberg Model home with an in ground pool that is located in the Eaglebrooke Golf Community; featuring 5 bedrooms and 4 ½ baths with almost 6,000 square feet of living space currently offered for $1,295,000. On the contrary, the cheapest home newly on the market is a 2 bedroom 1 bath property listed for only $18,000 – under $25.00 per square foot – located in Kellogg & Armstrongs 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 – 16 with an average sales price of $97,568
33803 – 18 with an average sales price of $222,297
33805 – 13 with an average sales price of $119,153
33809 – 21 with an average sales price of $144,435
33810 – 20 with an average sales price of $162,595
33811 – 11 with an average sales price of $145,472
33812 – 10 with an average sales price of $184,259
33813 – 34 with an average sales price of $280,641
33815 – 03 with an average sales price of $35,933
Lakeland Real Estate Inventory for distressed properties remained unchanged
A total of 487 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 $128,100 or $71.80 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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 distressed properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.
Lakeland real estate Just Listed – Weekly Update! The Lakeland real estate inventory continues to fall to 2073 properties in Lakeland (May 15, 2009) from the previous week. There were 59 homes newly listed in Lakeland with an average sales price of $164,878 or $93.59 per square foot with area Realtors®, resulting in a decrease of homes listed from the previous week. The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:
4 duplex units listed with an average sales price of $74,875
2 condos listed with an average sales price of $84,000
6 mobile homes listed with an average sales price of $78,733
47 single family homes with an average price of $186,977
The priciest home that came newly on the market here in Lakeland, Florida is a 1926 Two-Story Single Family Home, a historic landmark in the Dixieland neighborhood; featuring 3 bedrooms and 3 baths with over 3,000 square feet of living space currently offered for $649,900. On the contrary, the cheapest home newly on the market is a 2 bedroom 1 bath property listed for $45,000 – under $23.00 per square foot – located in Chestnut Woods Subdivision.
The 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 – 06 with an average sales price of $77,766
33803 – 09 with an average sales price of $205,233
33805 – 03 with an average sales price of $82,800
33809 – 14 with an average sales price of $130,678
33810 – 11 with an average sales price of $206,077
33811 – 03 with an average sales price of $137,933
33812 – 00
33813 – 11 with an average sales price of $222,781
33815 – 02 with an average sales price of $102,500
Weekly update on distressed properties in Lakeland
A total of 465 properties are currently actively being marketed that are facing foreclosure. There were 17 Lakeland homes newly listed in the distressed category with average prices of $140,311 or $69.69 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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 to begin your Lakeland real estate search – or contact me directly at (863) 619-6918. I’m here to help!
There were 70 homes newly listed in Lakeland with an average sales price of $200,460 or $97.19 per square foot with area Realtors®, a decrease of 6 homes listed from the previous week. While the total inventory showed a slowly declined this week (2123 properties as of Thursday, April 30th) in Lakeland, the types of homes being actively marketed changes daily according to the Multiple Listing Services (MLS).
Amongst the newly listed properties, here is a breakdown of each property category:
5 condos listed with an average sales price of $118,880
4 mobile homes listed with an average sales price of $87,925
1 townhome/villa with a sales price of $39,900
60 single family homes with an average price of $217,437
The priciest home that came newly on the market here in Lakeland, Florida is a 1991 Lake Front Pool Home, in the Christina Woods Subdivision; featuring 5 bedrooms and 4 ½ baths with almost 5,000 square feet of living space currently offered for $998,000. On the contrary, the cheapest home newly on the market is a 2 bedroom 1 bath property listed for only $27,000 – under $35.00 per square foot – located in Lincoln Park.
The 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 – 08 with an average sales price of $89,675
33803 – 09 with an average sales price of $201,800
33805 – 04 with an average sales price of $112,725
33809 – 11 with an average sales price of $166,990
33810 – 14 with an average sales price of $193,128
33811 – 06 with an average sales price of $152,608
33812 – 04 with an average sales price of $154,700
33813 – 13 with an average sales price of $375,584
33815 – 01 with a sales price of $90,000
Weekly update on distressed properties in Lakeland
A total of 489 properties are currently facing foreclosure. There were 26 Lakeland homes newly listed in the distressed category with average prices of $131,409 or average square foot price of $73.57. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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 to begin your Lakeland real estate search – or contact me directly at (863) 619-6918. I’m here to help!
Lakeland Florida Homes For Sale Weekly Update! There were 76 homes newly listed in Lakeland with an average sales price of $190,049 or $97.87 per square foot with area Realtors®, an increase of 11 homes listed from the previous week. While the total inventory remained steady in the previous week (2137 properties as of Friday, April 24th) in Lakeland, the types of homes being actively marketed changes daily according to the Multiple Listing Services (MLS).
Amongst the newly listed properties, here is a breakdown of each property category:
4 condos listed with an average sales price of $172,400
7 mobile homes listed with an average sales price of $70,800
1 townhome/villa with a sales price of $74,900
64 single family homes with an average price of $205,994
The priciest home that came newly on the market here in Lakeland, Florida is a 2008 custom built pool home, in the Highlands in the Woods subdivision; featuring 4 bedrooms and 3 baths with over 3,500 square feet of living space currently offered for $625,000. On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath Bank-Owned property listed for only $24,900 – under $25.00 per square foot – located in the Webster & Omohundro Subdivision.
The 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 – 04 with an average sales price of $86,300
33803 – 11 with an average sales price of $195,554
33805 – 08 with an average sales price of $119,945
33809 – 08 with an average sales price of $226,887
33810 – 14 with an average sales price of $138,085
33811 – 07 with an average sales price of $187,214
33812 – 02 with an average sales price of $279,462
33813 – 20 with an average sales price of $265,767
33815 – 02 with an average sales price of $27,400
Weekly update on distressed properties in Lakeland
A total of 496 properties are currently facing foreclosure. There were 19 Lakeland homes newly listed in the distressed category with average prices of $146,639. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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 to start your Lakeland real estate search – or contact me directly at (863) 619-6918.
Lakeland Florida Homes for Sale – Weekly Update! There were 65 homes newly listed in Lakeland with an average sales price of $163,277 or $89.92 per square foot with area Realtors®, not much of a change of homes listed from the previous week. While the total inventory (2130 properties as of Wednesday, April 15th) in Lakeland did not change from last week, the types of homes being actively marketed changes daily according to the Multiple Listing Services (MLS).
Amongst the newly listed properties, here is a breakdown of each property category:
6 condos listed with an average sales price of $183,233
10 mobile homes listed with an average sales price of $67,850
2 townhomes/villas with an average sales price of $116,250
47 single family homes with an average price of $183,034
The priciest home that came newly on the market here in Lakeland, Florida is a 2002 Mediterranean Pool Home, a former Parade Model Home, in the Eaglebrooke Golf Community; featuring 5 bedrooms and 4 ½ baths with almost 6,000 square feet of living space currently offered for $1,295,000. On the contrary, the cheapest home newly on the market is a 3 bedroom 2 bath Bank-Owned property listed for only $27,900 – under $27.00 per square foot – located in Lake Beulah Heights Subdivision.
The 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 – 06 with an average sales price of $82,966
33803 – 09 with an average sales price of $158,933
33805 – 03 with an average sales price of $123,300
33809 – 08 with an average sales price of $147,650
33810 – 17 with an average sales price of $138,174
33811 – 04 with an average sales price of $135,225
33812 – 07 with an average sales price of $189,728
33813 – 10 with an average sales price of $288,785
33815 – 01 listed for a sales price of $27,900
Weekly update on distressed properties in Lakeland
A total of 489 properties are currently facing foreclosure. There were 20 Lakeland homes newly listed in the distressed category with an average price of $122,102 or $71.65 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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 to start your Lakeland real estate search – or contact me directly at (863) 619-6918.
Let me share with you some positive signs in the Lakeland Real Estate market. First of all, since January there has been a constant, but moderate increase in the amount of homes sold and average home sold prices, which has echoed through March 2009.
While the average sales price of $135,889 ($71.51 per sq.ft.) for March fell 19% from the previous year, it showed a sensible increase of 2 ¼% from the previous month. There was also an increase in properties sold, 152 Lakeland properties were sold in March compared to 125 homes sold the previous month. The last time we have seen about that many homes sold in Lakeland was September 2008 – 157 homes sold to be exact.

What is selling in Lakeland?
It is still the same for the past few month, the distressed homes and more importantly the bank-owned (REO) properties dominate the sales activities here in Lakeland with 68 properties sold in March.
With close to 2485 properties currently for sale and pending, we are experiencing an 18 month of supply for the regular homes and distressed homes.
Let’s break it down for you to see the supply and demand for common properties for sale versus the distressed market.
Common properties only – Inventory active and pending 1815 homes resulting in 24 month of supply.
Distressed properties – Inventory active and pending 671 homes resulting in an 11 month supply.

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 was 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?

Lakeland Market Report for Distressed Homes
Distressed properties are homes in pre-foreclosure, foreclosure, bank-owned, as well as short sales.
These types of homes continue to dominate our real estate market here in Lakeland Florida as well as throughout Polk County, so it is important for you to see what is driving down the home prices, but more importantly our home values.
Of the 152 homes sold last month in Lakeland, 68 distressed homes were sold with an average sales price of $115,009 ($61.87 per sq.ft.) compared to only 25 homes that were sold the previous year, due to Short Sales and/or Foreclosures. A side note for you, 51 out of 68 properties were bank-owned (REO) and these homes make up almost 50% in total sales in Lakeland, Florida.
There are currently 487 homes facing foreclosure.
184 homes are in pending status waiting for bank or lender approval to close.
So, are we out of the Woods yet?
Not so fast! Although buyers starting to jump over the fence, there is still fear, not necessarily about buying a home, but perspective buyers fearing job security and the economy itself. With increased home prices and home sales, the average sold price compared to the list price was only 92% and that was only the first quarter of the year; we still have three quarters left. Until sellers come to the realization that home prices are still in need to being adjusted the buyer is continuing to sit on the other side of the fence.
For more information on the location of these sold properties 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.
Let’s take a look at last month sold report for the surrounding cities in Polk County:
Winter Haven – 72 properties sold – average sold price $98,157 – average $58.49 per sq.ft.
Bartow – 13 properties sold – average sold price $114,181 average $61.81 per sq.ft.
Mulberry – 18 properties sold – average sold price $110,513 – average $59.19 per sq.ft.
Auburndale – 20 properties sold – average sold price $111,940 – average $69.38 per sq.ft.
Polk City – 8 properties sold – average sold price $124,687 – $81.99 per sq.ft.
Lake Alfred – 7 properties sold – average sold price $104,428 – $59.02 per sq.ft.
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 weekly update! There were 66 homes newly listed in Lakeland for sale with an average sales price of $169,901 or $86.04 per square foot with area Realtors®, an increase of 10 homes listed from the previous week. Currently there are 2,130 properties actively marketed for sale according to the Multiple Listing Services (MLS).
Amongst the newly listed properties, here is a breakdown of each property category:
5 condos listed with an average sales price of $95,706
4 mobile homes listed with an average sales price of $74,925
2 townhomes/villas with an average sales price of $234,450
55 single family homes with an average price of $181,201
The priciest home that came newly on the market here in Lakeland, Florida is a 1990 Waterfront Pool Home on Scott Lake in the Lake Point South Subdivision; featuring 4 bedrooms and 3 ½ baths with over 5,500 square feet of living space currently offered for $989,000. On the contrary, the cheapest home newly on the market is a 2 bedroom 1 bath HUD property listed for only $23,000 – under $22.00 per square foot – located in Skyline Acres Subdivision.
The 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 $68,900
33803 – 12 with an average sales price of $212,983
33805 – 03 with an average sales price of $81,933
33809 – 06 with an average sales price of $324,366
33810 – 12 with an average sales price of $104,858
33811 – 04 with an average sales price of $176,200
33812 – 03 with an average sales price of $176,933
33813 – 10 with an average sales price of $300,360
33815 – 05 with an average sales price of $42,060
Weekly update on distressed properties in Lakeland
A total of 492 properties are currently facing foreclosure. There were 27 Lakeland homes newly listed in the distressed category with average prices of $90,018 or $62.18 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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.







