Overall Existing Lakeland FL Housing Market – October 2012

Lakeland FL has homes for sale in different types of communities; from a retirement community to an active urban community, or even a community for families with growing children. There are also communities to suit different types of needs and tastes such as gated communities, golf communities, subdivisions, and even rural communities for those who prefer a more secluded environment.

With almost 74 miles of land, Lakeland, FL is the biggest city in Polk County. The population reached 94,000 as of July 2009 and is still growing. Lakeland is conveniently situated in between Tampa and Orlando, FL and provides commuters easy access to the Interstate. Lakeland offers accessibility to airports, sporting venues and the famous white sand beaches of Florida.

Lakeland, FL has 38 natural lakes. Residents could enjoy an afternoon of boating or fishing in popular lakes like Hollingsworth, Lake Mirror, Lake Morton and Lake Wire, which are found near Downtown Lakeland. Residents could have the best of both big city life and cozy small town feel here in Lakeland, FL.

Overall Existing Lakeland FL Housing Market – October 2012

The number of Lakeland FL homes sold had not been seen in years.   Overall existing home prices however saw a small decline in average sales, though median prices remained the same previous year.   Double digit increase is shown when compared to the previous month of September 2012.  The current overall housing inventory of actively Lakeland Fl homes for sale stands at 1146 (11/30/2012).

Lakeland Homes sold in October: 256 previous month: 206 – previous year October 11: 190 sold

October– average sales price $113,511

Previous month: $100,088 (13.41%) – previous year October 11: $115,149 (-1.42%)

October – median sales price $105,000

Previous month: $94,750 (10.82%) – previous year October 11: $105,000 (0.00%)

Lakeland FL Real Estate Housing Report

Overall Existing Lakeland FL Housing Market – October 2012

 

The graph below represents average and median home prices in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town-homes, villas and duplex units.

Lakeland FL Housing Market Report

Overall existing home sales by types of homes sold – Lakeland FL

Distressed properties in Lakeland, Florida

For the month of October Lakeland’s real estate market of distressed homes had a market share of 46%. There were a total of 118 homes sold in October, according to Mid-Florida Regional MLS.  There were 54 bank-owned/REO sold and 64 Lakeland FL short sales sold.

If you are interested in a specific area or neighborhood in Lakeland Florida or the surrounding cities such as Bartow, Winter Haven, Auburndale, Mulberry or Plant City, feel free to contact me at 863-619-6918; email petra[at]petranorris.com or click the search button below.

Lakeland Fl Real Estate Broker

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