housing

Lakeland FL Real Estate Home Sales – June 2010

Lakeland FL Real Estate Home Sales – June 2010

For the month of June, the overall Lakeland FL Home Sales has declined slightly, but compared to previous year, it has been much of the same for when considering sales prices. A total of 216 Lakeland homes were sold in June with average and median prices sharply declining from the previous year. Distressed properties continue to be the driving force impacting and driving down market values for Lakeland FL homes with over 54% of market share.

Lakeland Homes sold in June: 216 - previous month:  221 – previous year June 09: 171 sold
June – average sales price $118,182

Previous month: $121,337 (-2.67%) – previous year June 09: $145,770 (-18.93%)

June – median sales price $109,200
Previous month: $106,000 (3.02%) – previous year June 09: $125,000 (-12.64%)

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.

A total of 2515 Lakeland homes are for sale and under contract (7/22/2010) resulting in a 12 months supply, noticing that our inventory increased suggesting that supply continues to be greater than the demand

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 1451 homes resulting in 15 month of supply.
Distressed properties – Inventory active and pending 1065 homes resulting in a 9 month of supply.

Distressed properties in Lakeland, Florida

For the month of June, Lakeland’s real estate market of distressed homes had a market share of 54%. There were a total of 117 properties sold in June, according to Mid-Florida Regional MLS.

Check back soon for June’s 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.

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Overall Polk County Existing Home Sales for May 2010

Polk County’s overall existing home sales continued to improve somewhat in May. However, prices continue to drift downwards blaming it still widely on discounted distressed sales throughout the county from the previous year and the years prior.

A look back in history:

· May 2006 – median price $188,000  (-%50.93)

· May 2007 – median price $184,250 (-%49.93)

· May 2008 – median price $150,000 (-%38.50)

· May 2009 – median price $101,000 (-8.66%)

The graph picture below represents the overall Polk County Real Estate market with average sold prices and the number of sold homes.

777 existing homes sold – a decrease of 5.13% from the previous month (819 sold homes) in Polk County and an increase in sales activity by 35.84% of overall existing homes sold from the previous year of 572.

A slight increase by 1.37% in overall Polk’s median price for existing homes from the previous month to $92,250, the median home price from the previous year is showing a decline by 8.66%.

Take a look at the city you live in and see what the numbers are for May 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	79,985	72,000	27
BABSON PARK	126,335	79,900	5
BARTOW	78,507	56,875	26
CLERMONT	50,050	48,000	4
DAVENPORT	117,519	110,000	153
DUNDEE	60,220	71,200	5
EAGLE LAKE	86,850	75,000	4
FORT MEADE	69,450	69,450	2
FROSTPROOF	67,333	40,000	3
HAINES CITY	91,256	94,000	47
HOMELAND	120,000	120,000	1
INDIAN LAKE ESTATES	105,250	105,250	2
KATHLEEN	135,000	135,000	1
KISSIMMEE	90,360	76,900	20
LAKE ALFRED	96,333	65,750	6
LAKE WALES	85,155	65,000	29
LAKELAND	121,525	106,500	220
LOUGHMAN	26,000	26,000	1
MULBERRY	121,579	128,388	20
POINCIANA	90,349	70,500	85
POLK CITY	112,216	65,556	10
WINTER HAVEN	107,749	97,000	106

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

· 700 Single family homes, townhomes, villas and ½ duplex – median sold price $112,337 –  142 Average Days to Closing

· 31 Condominiums – median sold price – $59,935 – 155 Average Days on Closing

· 46 Modular, manufactured/mobile homes in park/out of park – median sold price $55,097 –  166 Average Days on Closing

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

There were 289 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $120,000 with 174 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 May.

· 377 sold homes were Bank Owned – median price $77,500 – Average Days to Closing 85

· 111 sold homes were Short Sales – median price $90,000 – Average Days to Closing 270

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Lakeland Florida Real Estate Update for May 2010

For the month of May, the Lakeland real estate market has shown slight improvement, but compared to previous year, it has been much of the same for when considering sales prices. A total of 221 Lakeland homes were sold in May with average and median prices still declining from the previous year. Distressed properties are still driving down market values with over 57% of market share.

Lakeland Homes sold in May: 221 - previous month: 244 – previous year May 09: 158 sold

May – average sales price $121,337

Previous month: $110,880 (8.62%) – previous year May 09: $124,689 (-2.69%)

May – median sales price $106,000

Previous month: $95,500 (9.90%) – previous year May 09: $119,450 (-12.67%)

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.

A total of 2447 Lakeland homes are for sale and under contract resulting in a 12 months supply.

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 1464 homes resulting in 8 month of supply.

Distressed properties – Inventory active and pending 983 homes resulting in a 8 month of supply.

Distressed properties in Lakeland, Florida

For the month of May, Lakeland’s real estate market of distressed homes had a market share of 57%. There were a total of 127 properties sold in May, according to Mid-Florida Regional MLS.

Check back soon for May’s 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.

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Overall Polk County Existing Home Sales for April 2010

The Florida Realtors Association reports that existing home sales for April rose by 27% and statewide existing home median price of $140,100 increased by 1% from the previous year in April 2009. Increase in statewide sales activity of 3% was also reported from the previous month as well as 2.3% higher than March’s statewide median existing home price of $137,000.

Polk County’s overall existing home sales continued to improve in April. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout the county from the previous year.

819 existing homes sold – an increase of 7.45% from the previous month (758 sold homes) in Polk County and an increase in sales activity by 29% of overall existing homes sold from the previous year of 580.

While overall Polk’s median price for existing homes stabilized from the previous month to $91,000, the median home price from the previous year is showing a decline by almost 7%.

Take a look at the city you live in and see what the numbers are for April 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	110,292	81,000	30
BABSON PARK	90,067	73,000	3
BARTOW	88,062	85,000	21
CLERMONT	72,000	72,000	1
DAVENPORT	119,276	115,000	167
DUNDEE	53,360	62,000	5
EAGLE LAKE	135,000	135,000	2
FORT MEADE	126,092	148,500	6
FROSTPROOF	109,725	104,950	4
HAINES CITY	97,519	86,000	47
INDIAN LAKE ESTATES	144,333	160,000	3
KATHLEEN	65,000	65,000	1
KISSIMMEE	87,838	72,000	21
LAKE ALFRED	61,600	51,000	5
LAKE HAMILTON	195,782	195,782	1
LAKE WALES	93,936	70,000	29
LAKELAND	110,880	95,500	244
MULBERRY	113,749	120,000	21
POINCIANA	80,499	69,000	95
POLK CITY	76,667	75,000	3
WINTER HAVEN	122,299	98,500	110

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

· 724 Single family homes, townhomes, villas and ½ duplex – median sold price $99,900 – 138 Average Days to Closing

· 42 Condominiums – median sold price – $63,500 – 105 Average Days on Closing

· 53 Modular, manufactured/mobile homes in park/out of park – median sold price $54,000 – 198 Average Days on Closing

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

There were 302 existing homes sold, not categorized as distressed properties, at a median sold price of $122,250 with 175 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 April.

· 404 sold homes were Bank Owned – median price $71,498 – Average Days to Closing  82

· 113 sold homes were Short Sales – median price $99,900 – Average Days to Closing 260

housing

Lakeland FL Real Estate Update – Homes Sales for April 2010

Overall Lakeland real estate sales activity remained very active and strong last month with a total of 244 Lakeland homes sold in April.  Average and median prices are still declining from the previous year.  The government’s tax credit program for home-buyers and low mortgage rates surely has impacted strong sales activity. However, it did not translate to higher prices blaming high unemployment rates and stricter mortgage lending guidelines for individuals.  In fact, distressed properties are still driving down market values with over 60% of market share.  Since the 2006 peak of the Lakeland real estate market, homes sold in 2008 have experienced an overall 33% decline in home prices, making it impossible to refinance mortgages for struggling homeowners.  Foreclosures will continue to impact the housing market, in my opinion, throughout the year and well into the next.

Lakeland Homes sold in April: 244 - previous month:  235 – previous year April 09: 155 sold

April – average sales price $110,880

Previous month: $114,518 (-3.18%) – previous year April 09: $128,170 (-13.49%)

April – median sales price $95,500

Previous month: $105,000 (-9.05%) – previous year April 09: $114,900 (-16.88%)

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.

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 1490 homes resulting in 17 month of supply.

Distressed properties – Inventory active and pending 967 homes resulting in a 7 month of supply.

Distressed properties in Lakeland, Florida

For the month of April, Lakeland’s real estate market of distressed homes had a market share of 60%. There were a total of 148 properties sold in April, according to Mid-Florida Regional MLS.

Check back soon for April’s 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.

housing

Lakeland FL Real Estate Update – Homes Sales for March 2010

Lakeland real estate sales activity continuously increased the past few months and March showed great improvement.  Although there were 235 Lakeland homes sold in March, such number I have not seen since 2007, average and median prices took a double digit steep decline at about 14% from the previous year.  Distressed properties are still driving down market values with over 54% of market share. I’m suspecting that as long as we have such high inventory in distress, home prices may still be vulnerable for at least this year.

Lakeland Homes sold in March: 235 - previous month:  152 – previous year March 09: 156 sold

March – average sales price $114,518

Previous month: $111,759 (2.47%) – previous year March 09: $135,224 (-15.31%)

March – median sales price $105,000

Previous month: $96,000 (9.38%) – previous year March 09: $121,750 (13.76%)

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 have marketed their properties at the right price, achieve better results in less time.  Here is a breakdown:

• 0-30 days – 93.2% average sold price/list price ratio
• 31-60 days – 97.54% average sold price/list price ratio
• 61-90 days – 95.44% average sold price/list price ratio
• 91-120 days – 94.87% average sold price/list price ratio
• 121+ days – 92.4% 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 March, Lakeland’s real estate market of distressed homes had a market share of 54%. There were a total of 126 properties sold in February, according to Mid-Florida Regional MLS.

Check back soon for March 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.

housing

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.

housing

Real Estate Market Update for Polk County – November 2009

I was recently asked by a reader why are my Real Estate Market Statistics being published later in the month. I simply replied that I want to be as accurate as I possibly can to my readers and followers.  Generally, I blog about my monthly Lakeland Real Estate Market Report around the 15th of each month for the preceding month and for my Polk County Real Estate Market towards the end of the month.

Generating monthly market reports too early can lead to erroneous statistics which I learned the hard way.  Realtors® get their information from the Multiple Listing Service (MLS) and although we have to input listings, changes to a listing and information when a property was sold within a short time, real estate agents fail to report the data in a timely manner.

As far as my Polk County market reports concerns,  the same thing applies for reporting requirements from each real estate agent and with thousands of properties being listed in the MLS and hundreds of listings sold every month, accuracy and timing of my Real Estate Market reports is important to me.  And for an added bonus, I wait until I receive the National and Florida Real Estate Market Report so you’ll see not only what happens in Polk County, but on state and national level as well.

So without further ado, here is my real estate update for the month of November 2009 in and around Polk County.

The National Association of Realtors® reports that existing homes sales remained very strong for the month of November giving credit for the first time homebuyers program. The Florida Association of Realtors® reports that existing home sales rose 61% in November from the previous year, showing for the past 15 months that overall real estate sales in the State of Florida have increased.  While much credit is given for the extended and expanded homebuyers tax credit for the increased sales activity in the past, the decline in home values and sales prices resulting from the increased sales of distressed properties and foreclosures.

Florida’s median sales price for existing homes last month continued downwardly to $139,000 for a 12% ($158,200) decrease from the previous year and less than 1% ($140,300) from the previous month.

The Polk County’s overall housing prices improved slightly.

589 existing homes sold – a slight decrease of 3.6% from the previous month (612 sold homes) in Polk County – an increase in sales activity of 220 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes increased from the previous month to $104,900; however, dipped 17% from the previous year of $127,000.

Take a look at the city you live in or want to move to and see what the numbers are for November 2009 for existing home sales – single family homes, condominiums, manufactured homes -including distressed properties in Polk County.

City                            Average Sold Price     Median Sold Price   # of Homes Sold

AUBURNDALE	110,156	125,000	21
BARTOW	92,496	79,000	21
CLERMONT	54,833	62,500	3
DAVENPORT	137,355	132,500	110
DUNDEE	78,342	86,625	3
EAGLE LAKE	82,425	88,350	4
FORT MEADE	74,467	67,500	6
FROSTPROOF	103,925	70,000	6
HAINES CITY	118,744	115,000	43
HOMELAND	27,500	27,500	1
INDIAN LAKE ESTATES	43,000	43,000	1
KATHLEEN	160,000	160,000	1
KISSIMMEE	99,265	70,000	17
LAKE ALFRED	89,283	97,350	6
LAKE WALES	79,657	57,500	14
LAKELAND	122,591	119,000	174
MULBERRY	112,090	125,100	25
POINCIANA	94,498	79,500	57
POLK CITY	50,667	50,000	3
WINTER HAVEN	102,082	90,000	73

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

Distressed properties, which includes Bank owned, pre-foreclosure, in foreclosure and short sales count for 57% of our total sales in Polk County for the month of November.

• 250 sold homes were Bank Owned – median price $75,000 – Days on Market 26
• 80 sold homes were Short Sales – median price $115,500 – Days on Market 111

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”.

For all of your Polk County home search, click on the search picture below:

housing

Lakeland Real Estate Market Report for November 2009

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

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.

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.

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.

housing

Lakeland Real Estate Housing Report for September 2009

Lakeland real estate sales activity in September reached its second highest level this year. A total of 183 homes were sold increase of 9% from the previous month of 166.  Last year’s activity, home sales increased by 16% from September 2008 in Lakeland, Florida.

Lakeland home sale prices troubles the Lakeland real estate market

Median prices dipped for September to $121,000 or 7% for homes sold in Lakeland when comparing to the previous month. Average sold prices decreased to $129,025 ($72.18 per sq.ft.) or 5.35% from the previous month and 21% from the previous year, respectively.

• Average Lakeland Sold price for September 2008 – $164,462 – decrease of 21%
• Median Lakeland sold price for September 2008 – $149,900 – decrease of 19%

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 September, distressed homes, such as Lakeland Short Sales, pre-foreclosures, in foreclosures and bank-owned (REO) properties had a market share of 54% in the Lakeland Real Estate market. There were a total of 98 properties sold in September compared to 43 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

• Average days on market (DOM) for bank-owned properties are 85 days
• Average days on market (DOM) for other distressed properties, such as Lakeland short sale homes are 183 days.

27 Distressed Homes Sold – average sold price $147,775 – $71.76 per sq.ft.

71 Bank-owned (REO) sold – average sold price $95,380 – $53.30 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?

Lakeland	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Grand Total
33801	20	12	15	21	13	16	17	12	20	146
33803	11	10	16	18	16	19	26	19	22	157
33805	12	11	12	9	5	10	14	14	8	95
33809	13	12	16	11	18	17	16	17	25	145
33810	25	31	34	31	46	37	40	33	42	319
33811	10	16	17	18	18	22	20	15	22	158
33812	10	5	8	13	7	9	16	15	10	93
33813	9	25	27	28	26	33	35	38	29	250
33815	5	3	7	5	7	6	4	3	5	45
Grand Total	115	125	152	154	156	169	188	166	183	1408

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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