Average overall Lakeland existing home prices continue to slide for to $114,886 in September. However, the overall median home prices for existing homes in Lakeland Florida rebounded from the previous month and remained the same from the previous year. While distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, September market share of distressed homes however, decreased to 46% from the previous months.
Lakeland Homes sold in September: 187-previous month: 226 – previous year September 10: 197 sold
September – average sales price $114,886
Previous month: $118,160 (-2.77%) – previous year September 10: $119,703 (-4.02%)
September – median sales price $100,000
Previous month: $90,000 (10%) – previous year September 10: $100,000 (0.00%)
The graph below represents average and median home 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 stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 1906 including active Lakeland FL Homes for Saleand homes that have gone under contract (pending). From the chart below you can see the overall housing trend with respect to Supply on Market shows still there is a buyers market. However, with our upcoming busy season in the Fall and Winter, I suspect that the supply on market will show improvement.
Distressed properties in Lakeland, Florida
For the month of September, Lakeland’s real estate market of distressed homes had a market share of 46%. There were a total of 86 homes sold in September, according to Mid-Florida Regional MLS.
Check back soon for September’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.
Lakeland FL Overall Existing Home Sales for June 2011
Overall existing home sales in Lakeland Florida slipped to $95,423 for the month of June, when compared to the previous month as well as the previous year.
217 Lakeland overall homes sales in June:
May 2011: 232 – previous year June 10: 224 sold
June – average sales price $95,423
May: $110,093 (-13.32%) – previous year June 10: $118,041 (-19.16%)
June – median sales price $80,000
May: $89,995 (-11.11%) – previous year June 10: $109,750 (-27.11%)
The graph below represents average and median home sales for June in Lakeland, Fl for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums, as well as data just from only the local associations within Polk County. This report provides you data from all REALTORS(R) who have sold homes in this city whether or not they are affiliated with any associations in Polk County. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units for sale.
What was the average sales price 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 home sales have exceeded.
A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 1989 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending). From the chart below you can see the housing trend with respect to Supply and Demand heading towards stabilization of a balanced housing market, even though housing prices are still decreasing when compared to the previous years.
Distressed properties in Lakeland, Florida
For the month of June, foreclosures and short sales comprised a total of 54% of homes sold. There were a total of 118 homes sold in June, according to Mid-Florida Regional MLS.
Check back soon for June detailed Lakeland Florida housing report that highlights bank-owned properties (REOs) and Lakeland FL Short Sales.
For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.
Copyright © 2011 By Petra Norris *Lakeland FL Overall Existing Home Sales for June 2011*
Overall Lakeland FL Existing Home Sales for May 2011
Lakeland Florida average overall home sales for existing homes increased to $110,138 for the month of May, compared to the previous month. However, when compared to May of the previous year, sales took another hit from $121,563. The number of homes sold continue to be strong – a total of 225 existing homes sold in Lakeland FL
225 Lakeland overall homes sales in May:
April 2011: 215 – previous year May 10: 230 sold
May – average sales price $110,138
April: $107,892 (2.08%) – previous year May 10: $121,563 (-9.40%)
May – median sales price $89,995
April: $94,000 (-4.26%) – previous year May 10: $107,000 (-15.89%)
The graph below represents average and median home sales for May in Lakeland, Fl 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, town homes, villas and duplex units for sale.
What was the average sales price 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 home sales have exceeded.
A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2014 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending). From the chart below you can see the housing trend with respect to Supply and Demand heading towards stabilization of a balanced housing market, even though housing prices are still decreasing when compared to the previous years.
Distressed properties in Lakeland, Florida
For the month of May, foreclosures and short sales comprised a total of 52% of homes sold. There were a total of 117 homes sold in May, according to Mid-Florida Regional MLS.
Lakeland FL Homes for Sale – Short Sale and Foreclosure Market Report for November 2010
For the month of November, the Lakeland real estate market of short sales and bank-owned (REO) homes sold decreased to 54.89% from the previous month, reasoning the recent foreclosure moratorium. There were a total of 100 distressed homes sold, compared to 100 in October and 94 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
Currently there are a total of 1937 Lakeland FL Homes for Sale and 442 homes under contract (12/23/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed in which a buyer could walk away at any given time.
Bank owned properties – Inventory share is 17.86%
Short sale properties – Inventory share is 26.57%
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 114 days
Average days to Closing for short sale properties are 258 days.
15 Lakeland FL Short Sale properties sold – average sold price $136,087 – median sold price $120,000
58 Lakeland FL Foreclosures (REO) sold – average sold price $80,716 – median sold price $65,600.
You can see from the graph below, zip code 33810 had the most foreclosed properties in Lakeland, FL sold.
Looking for a great deal on Lakeland Short Sales and Lakeland foreclosures, feel free to contact me at petra@petranorris.com or click the search button below.
Lakeland FL Real Estate Update – Overall Home Sales for October 2010
Overall Lakeland Florida home sales decreased to $114,532 for the month of October. The number of Lakeland homes sold was the third lowest this year to 166 homes sold, reasoning the recent foreclosure moratorium. October market share of distressed homes decreased to 60% from the previous month. Distressed properties continue to be a major factor in determining overall market values for Lakeland FL homes for the remainder of this year and 2011.
Lakeland overall homes sales in October:
166 – previous month: 195 – previous year October 09: 178 sold
October – average sales price $114,532
Previous month: $120,143 (-4.67%) – previous year October 09: $115,971 (-1.24%)
October – median sales price $90,000
Previous month: $100,000 (-10%) – previous year October 09: $108,000 (-16.67%)
The graph below represents average and median home sales for October 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, town homes, villas and duplex units.
What was the average sales price 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 home sales have exceeded.
A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2353 Lakeland homes currently for sale and under contract resulting in a 15 months supply, suggesting that the supply continues to be greater than the demand.
Let’s break it down for you to see the supply and demand for traditional homes for sale versus the distressed market in the Lakeland real estate market.
Traditional homes only – Inventory active and pending 1349 homes resulting in 22 month of supply.
Distressed properties – Inventory active and pending 1004 homes resulting in a 11 month of supply.
Distressed properties in Lakeland, Florida
For the month of October, Lakeland’s real estate market of distressed homes had a market share of 60.24%. There were a total of 100 homes sold in October, according to Mid-Florida Regional MLS.
Check back soon for October’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.
Copyright © 2010 By Petra Norris *Lakeland Fl Real Estate Update – Overall Home Sales for October 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.
