housing

Lakeland FL Real Estate Home Sales – June 2010

July 23, 2010 by Petra Norris · Leave a Comment 

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.


housing

Overall Polk County Existing Home Sales for May 2010

June 30, 2010 by Petra Norris · Leave a Comment 

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.

Polk County Florida Real Estate Market - May 2010

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 salessingle-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 $77,500Average Days to Closing 85

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


housing

Lakeland Florida Real Estate Update for May 2010

June 18, 2010 by Petra Norris · Leave a Comment 

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.


Your Lakeland FL Homes Search – Right Here!

housing

Overall Polk County Existing Home Sales for April 2010

June 1, 2010 by Petra Norris · Leave a Comment 

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

May 26, 2010 by Petra Norris · 2 Comments 

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

April 27, 2010 by Petra Norris · 1 Comment 

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

February 16, 2010 by Petra Norris · 1 Comment 

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

December 29, 2009 by Petra Norris · Leave a Comment 

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

December 21, 2009 by Petra Norris · Leave a Comment 

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

Lakeland Real Estate Market Report YTD 2009

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.

Lakeland Real Estate - Report November 2009

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 Real Estate Market by Zip Code - Nov 09

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.

LHS-Search-Button-GIF-shmshd.gif

housing

Lakeland Real Estate Housing Report for September 2009

October 23, 2009 by Petra Norris · 1 Comment 

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%

AverageList_SoldLkldtoSep09Graph

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.

OverallMarketAnalysisSep09

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.

AverageSoldPriceZipcodeSep09

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.

LHS-Search-Button-GIF-shmshd.gif

Next Page »