Lakeland FL Real Estate Update for 02/01-02/15/2010

Update for the Lakeland FL real estate market! There are 1923 homes for sale throughout Lakeland, Florida – as of 02/19/10. While Lakeland homes inventory remains stable, newly listed homes for the period of February 1st through February 15th increased by 16.75% to 203 Lakeland homes for sale. The average sales price of Lakeland homes listed with area Realtors® decreased to $160,386 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:

3 duplex units with a sales price of $48,267

6 condos listed with an average sales price of $141,417

18 mobile homes listed with an average sales price of $62,678

5 Townhomes/Villas listed with an average sales price of $107,440

171 single family homes with an average price of $181,178

Lakeland’s newest homes listed! The priciest and also currently the most expensive home on the market in Lakeland is this 2008 McQuillen custom built pool home which features 6 bedrooms and 5 ½ baths with over 6,700 square feet of living space of the main house and is located in the Crescent Woods community. Its current list price is $2,100,000.  On the contrary, the cheapest Lakeland home newly listed is a HUD bank owned 2 bedrooms 1 baths home listed for $15,000 – just under $15.00 per square foot – located in the Valencia Heights 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 – 19 with an average sales price of $73,198

33803 – 21 with an average sales price of $172,362

33805 – 10 with an average sales price of $90,316

33809 – 28 with an average sales price of $132,316

33810 – 41 with an average sales price of $117,315

33811 – 22 with an average sales price of $164,303

33812 – 13 with an average sales price of $180,000

33813 – 39 with an average sales price of $313,188

33815 – 09 with an average sales price of $96,444

Update on distressed homes in Lakeland

A total of 589 properties are currently actively being marketed that are facing foreclosure. There were 95 Lakeland homes newly listed in the distressed category with average prices of $125,841 or $66 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

For more information on the location of these sold homes in Lakeland, price and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

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February update on Lakeland Real Estate “Sold & Pending”

So far 73 Lakeland properties have sold that have been recorded in the Multiple Listing. Currently, there are 494 Lakeland homes have gone to “pending”, awaiting closing.

If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.

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