Lakeland Florida real estate - How To Search For A Home
FL home these days and some of the folks who need to save a some money or need to work on their credit sometimes don’t want to be bothered by constant calls. Well, I came up with a fantastic solution that guarantees no signing up, you can search whenever you want, no phone calls and emails unless you asked me to.Copyright © 2011 By Petra Norris * Lakeland FL Real Estate – How To Search For A Lakeland FL Home*
Lakeland FL Homes for Sale – Overall Home Sales for November 2010
Average overall Lakeland Florida home sales increased to $120,073 for the month of November compared to October 2010. Only 133 Lakeland homes have sold which represents the lowest number for this year. November market share of distressed homes decreased to 55% from the previous month. The majority of Lakeland home buyers bought homes below $200,000. Notably, with almost 32% of Lakeland home buyers purchased homes within the price range between $50,000-$99,999.
Lakeland overall homes sales in November:
133 - previous month: 166 – previous year November 09: 175 sold
November – average sales price $120,073
Previous month: $114,532 (4.84%) – previous year November 09: $123,033 (-2.41%)
November – median sales price $102,000
Previous month: $90,000 (13.33%) – previous year November 09: $120,000 (-15.00%)
The graph below represents average and median home sales for November 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 2379. From the chart below you can see the housing trend with respect to Supply and Demand – Absorption Rate.
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.
Lakeland Fl Home Sales – Traditional (only) – Supply and Demand
Lakeland Fl Homes Sales – Distressed (Bank-owned/Short Sales – Supply and Demand
Distressed properties in Lakeland, Florida
For the month of November, Lakeland’s real estate market of distressed homes had a market share of 54.89%. There were a total of 73 homes sold in November, according to Mid-Florida Regional MLS.
Check back soon for November’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 on the home icon in the interactive map below.
Copyright © 2010 By Petra Norris *Lakeland FL Homes for Sale – Overall Home Sales for November 2010*
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*
Are you still hesitant buying a Lakeland FL foreclosure or Lakeland FL short sale because of the recent news of the robo-signing mess and fraudulent foreclosure documents filed in Florida? Don’t be!- Researching the property’s title chain by an attorney or title company
- Making sure the lender (REO) has secured clear title
- Knowing the lender has done all due diligence, all paperwork completed to make the property available for sale.
You may have also heard that Title Insurance Companies have stalled issuing Owner’s Title Policy, such as Old Republic, remember there are more than one Title Insurance Companies issuing Owner’s Title Policy to Lakeland FL foreclosed properties protecting you should there be any discrepancy in the title.
Lakeland FL Real Estate Update – Overall Home Sales for September 2010
Overall Lakeland Florida home sales increased to $120,143 for the month of September and the number of Lakeland homes sold increased from as well to 195. Average and median prices, however, declined from the previous year. Distressed properties continue to be a major factor in determining overall market values for Lakeland FL homes. September market share of distressed homes increased to 67% from the previous month.
Lakeland overall homes sales in September:
195 – previous month: 187 – previous year September 09: 184 sold
September – average sales price $120,143
Previous month: $115,431 (+4.08%) – previous year September 09: $128,976 (-6.85%)
September – median sales price $100,000
Previous month: $98,000 (+2.04%) – previous year September 09: $120,900 (-17.29%)
The graph below represents average and median home sales for September 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 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 total of 2361 Lakeland homes are currently for sale and under contract resulting in a 12 months supply. Although moderate decline in inventory from the previous, however, still 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 1365 homes resulting in 23 month of supply.
Distressed properties – Inventory active and pending 996 homes resulting in a 8 month of supply.
Distressed properties in Lakeland, Florida
For the month of September, Lakeland’s real estate market of distressed homes had a market share of 67%. There were a total of 130 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.
Copyright © 2010 By Petra Norris *Lakeland Fl Real Estate Update – Overall Home Sales for September 2010*
