Lakeland Real Estate Update for April 16th – April 30th

Update for the Lakeland FL real estate market! Newly listed homes for the period of April 16th through April 30th decreased to 158 Lakeland homes for sale. The average sales price of Lakeland homes listed with area Realtors® decreased to $167,036 from my previous report. The total inventory for homes for sale still hovers around 1,900.

The types of homes and average prices for sale in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:

3 duplex unites with an average sales price of $68,233

6 condos listed with an average sales price of $157,233

15 mobile homes listed with an average sales price of $68,387

5 Townhomes/Villas listed with an average sales price of $83,960

129 single family homes with an average price of $185,000

Lakeland’s newest homes listed! The priciest home just listed is a 2001 lake front pool home that features 6 bedrooms and 5 1/2 baths with over 5,800 square feet of living space. This home is situated on Scott Lake in the Scottsland Cove community and is offered at $1,165,000.  On the contrary, the cheapest Lakeland homes, yes two homes newly listed is a bank owned 3 bedrooms 1 bath home listed for $19,900 – just about $18.00 per square foot – located in Washington Park.  The second home is a 2 bedroom, 1 bath in Skyline Acres just under $26.00 per square foot.

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 – 15 with an average sales price of $81,647

33803 – 29 with an average sales price of $168,559

33805 – 13 with an average sales price of $89,869

33809 – 13 with an average sales price of $200,777

33810 – 35 with an average sales price of $136,954

33811 – 14 with an average sales price of $195,036

33812 – 03 with an average sales price of $168,267

33813 – 29 with an average sales price of $271,528

33815 – 07 with an average sales price of $85,340

Update on distressed homes in Lakeland

A total of 589 Lakeland homes are currently actively being marketed that are facing foreclosure. There were 60 Lakeland properties newly listed in the distressed category with average prices of $111,795 or $62.00 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

April update on “Sold & Pending” for Lakeland real estate

244 Lakeland properties have sold that have been recorded in the Multiple Listing with an average sales price of $110,880.00. Currently, there are 570 Lakeland homes have gone to “pending”, awaiting closing.  Check back soon for my detailed market report.

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