For the month of February, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 67.46% from the previous month. There were a total of 114 distressed homes sold, the same as January 2011 and 89 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
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 124 days
Average days to Closing for other distressed properties are 259 days.
25 Lakeland Florida Short Sale properties sold – average sold price $106,300 – median sold price $113,000
88 Lakeland Florida Foreclosures (REO) sold – average sold price $71,311 – median sold price $63,500.
Looking for a great deal on Lakeland Florida Short Sales and Lakeland Florida foreclosures, feel free to contact me at firstname.lastname@example.org or use the interactive map here below for your convenience.
Copyright © 2011 By Petra Norris *Lakeland Florida Short Sales and Foreclosures – February 2011*