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 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 distressed properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.