Lakeland FL Sandpiper Homes – October 2012 Real Estate Market Update

Sandpiper Golf & Country Club, an active 55+ community, is located in North Lakeland FL with easy access to I-4, top medical facilities, shopping a dining. The homes were built in the late 80’s through the late 90’s and contain approximately 1200 single homes and villas from over 900 – 2,000 square feet. Homes have 2 or 3 bedrooms, vaulted ceilings, and offer a variety of floor plans and upgrades, such as enclosed patio, flooring, kitchen, appliances, etc. They are mostly used as vacation homes for our Snow Birds as their winter resident; however year around living shows an active lifestyle in this community, such as golfing, swimming, social gatherings, walking, exercising, dining and much more.

A snapshot of the Sandpiper Golf & Country Club real estate market for October 2012:

In the 55+ age restricted Sandpiper Golf & Country Club community there were 4 homes sold in October 2012 while 23 homes are currently for sale.
A snapshot of the Sandpiper Lakeland FL Homes for Sale:
Active Listings: 23 – Decreasing Inventory
Average list price: $132,326
Median list price: $124,900
Pending Listings: 10 – Increased
Average list price: $116,970
Median list price: $109,500
4 Homes were sold in the Sandpiper Golf & Country Club community in October 2012 for an average price of $119,720, compared to 2 homes sold the previous year for an average sales price of $104,500. With only two bank-owned homes in this community and the return of our winter residents, the Sandpiper real estate market in Lakeland FL is heating up based on the pending sales.  At this time snow birds are making their way down to Lakeland Florida enjoying the low prices of homes available in this community.
The list of homes sold below represent all regular sales.
686 Cockatoo Loop – 2b/2b – 1393 sq.ft. heated – Sold $112,000 – 10/10/12
5792 Mallard Drive – 3b/2b – 1784 sq.ft. heated – Sold $145,000 – 10/05/12
6252 Crane Drive – 2b/2b – 1555 sq.ft. heated – Sold $135,000 – 10/01/12
6232 Raven Run – 2b/2b – 1164 sq.ft. heated – Sold $85,900 – 10/04/012
So far this year, there were 37 of the non distressed Sandpiper homes sold, the average price for a 2b/2b – 25 homes sold for $104,407 and the median price for a 2b/2b home is $109,000.  Of the 13 – 3b/2b non distressed homes, the average home price sold was $139,433 and the median is $142,500.
With respect to the few (4) distressed homes (2b/2b) that were sold, the sold price averaged to $72,450 and the median price is $71,400
If you are interested in selling your Sandpiper Golf & Country Club home and would like to know what your home might sell for, give me a call at (863) 619-6918.  Also, if you are interested more about homes for sale in the over 55+ Sandpiper Golf & Country Club community, again call or email me at petra[at]petranorris.com.

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