Lakeland Real Estate Update – 03/01/10-03/15/10

Update for the Lakeland FL real estate market! There are 1948 homes for sale throughout Lakeland, Florida – as of 03/26/10. Newly listed homes for the period of March 1st through March 15th increased to 178 Lakeland homes for sale. The average sales price of Lakeland homes listed with area Realtors® increased to $189,769 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:

2 duplex units with a sales price of $87,450

10 condos listed with an average sales price of $105,450

20 mobile homes listed with an average sales price of $64,320

6 Townhomes/Villas listed with an average sales price of $83,967

140 single family homes with an average price of $194,923

Lakeland’s newest homes listed! The priciest home on the market in Lakeland is a 2006 pool home that features 4 bedrooms and 3 2½ baths with over 5,200 square feet of living space. This home is located in the Grassland community and is offered at $1,260,000.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedrooms 1 bath home listed for $27,000 – just under $22.00 per square foot – located in the Sunshine Estate 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 – 16 with an average sales price of $82,706

33803 – 26 with an average sales price of $281,414

33805 – 13 with an average sales price of $124,092

33809 – 22 with an average sales price of $103,268

33810 – 35 with an average sales price of $146,213

33811 – 13 with an average sales price of $164,153

33812 – 13 with an average sales price of $194,396

33813 – 37 with an average sales price of $210,895

33815 – 03 with an average sales price of $82,330

Update on distressed homes in Lakeland

A total of 616 properties are currently actively being marketed that are facing foreclosure. There were 77 Lakeland homes newly listed in the distressed category with average prices of $119,736 or $70 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

March update on Lakeland real estate “Sold & Pending”

So far 153 Lakeland properties have sold that have been recorded in the Multiple Listing. Currently, there are 546 Lakeland homes have gone to “pending”, awaiting closing.

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