market data
Lakeland FL Real Estate Update for 02/01-02/15/2010
February 20, 2010 by Petra Norris · 1 Comment
Update for the Lakeland FL real estate market! There are 1923 homes for sale throughout Lakeland, Florida – as of 02/19/10. While Lakeland homes inventory remains stable, newly listed homes for the period of February 1st through February 15th increased by 16.75% to 203 Lakeland homes for sale. The average sales price of Lakeland homes listed with area Realtors® decreased to $160,386 from my previous report.
The types of homes and average prices for sale in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:
3 duplex units with a sales price of $48,267
6 condos listed with an average sales price of $141,417
18 mobile homes listed with an average sales price of $62,678
5 Townhomes/Villas listed with an average sales price of $107,440
171 single family homes with an average price of $181,178
Lakeland’s newest homes listed! The priciest and also currently the most expensive home on the market in Lakeland is this 2008 McQuillen custom built pool home which features 6 bedrooms and 5 ½ baths with over 6,700 square feet of living space of the main house and is located in the Crescent Woods community. Its current list price is $2,100,000. On the contrary, the cheapest Lakeland home newly listed is a HUD bank owned 2 bedrooms 1 baths home listed for $15,000 – just under $15.00 per square foot – located in the Valencia Heights 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 – 19 with an average sales price of $73,198
33803 – 21 with an average sales price of $172,362
33805 – 10 with an average sales price of $90,316
33809 – 28 with an average sales price of $132,316
33810 – 41 with an average sales price of $117,315
33811 – 22 with an average sales price of $164,303
33812 – 13 with an average sales price of $180,000
33813 – 39 with an average sales price of $313,188
33815 – 09 with an average sales price of $96,444
Update on distressed homes in Lakeland
A total of 589 properties are currently actively being marketed that are facing foreclosure. There were 95 Lakeland homes newly listed in the distressed category with average prices of $125,841 or $66 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.
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.
February update on Lakeland real estate “Sold & Pending”
So far 73 Lakeland properties have sold that have been recorded in the Multiple Listing. Currently, there are 494 Lakeland homes have gone to “pending”, awaiting closing.
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.
market data
Lakeland Real Estate Housing Report for August 2009
September 22, 2009 by Petra Norris · 1 Comment
Lakeland real estate sales activity decreased for August, there were 166 homes sold down 12% from the previous month of 188. While prices are also lagging behind the numbers from last year, home sales increased by 27% from August 2008 in Lakeland, Florida.
While the median prices held steady for August at $130,000 for homes sold in Lakeland when compared to the previous month. Average sold prices decreased to $136,324 ($73.75 per sq.ft.) or 8% from the previous month and 13% from the previous year, respectively for Lakeland Real Estate.
Average Lakeland Sold price for August 2008 – $155,918– decrease of 13%
Median Lakeland sold price for August 2008 – $140,000 – decrease of 7%
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 August, distressed homes and bank-owned (REO) properties had a market share of 45% in the Lakeland Real Estate market. There were a total of 74 properties sold in August compared to 18 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
30 Distressed Homes Sold – average sold price $124,753 – $65.41 per sq.ft.
44 Bank-owned (REO) sold – average sold price $96,624 – $54.32 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?
| Zip Codes | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Grand Total |
| 33801 |
20 |
12 |
15 |
21 |
13 |
16 |
17 |
12 |
126 |
| 33803 |
11 |
10 |
16 |
18 |
16 |
19 |
26 |
19 |
135 |
| 33805 |
12 |
11 |
12 |
9 |
5 |
10 |
14 |
14 |
87 |
| 33809 |
13 |
12 |
16 |
11 |
18 |
17 |
16 |
17 |
120 |
| 33810 |
25 |
31 |
34 |
31 |
46 |
37 |
40 |
33 |
277 |
| 33811 |
10 |
16 |
17 |
18 |
18 |
22 |
20 |
15 |
136 |
| 33812 |
10 |
5 |
8 |
13 |
7 |
9 |
16 |
15 |
83 |
| 33813 |
9 |
25 |
27 |
28 |
26 |
33 |
35 |
38 |
221 |
| 33815 |
5 |
3 |
7 |
5 |
7 |
6 |
4 |
3 |
40 |
| Grand Total |
115 |
125 |
152 |
154 |
156 |
169 |
188 |
166 |
1225 |
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.
