Lakeland FL Existing Overall Home Prices – November 2011
Average overall Lakeland existing home prices dropped to $109,606 in November from the previous month. Overall median home prices for existing homes in Lakeland Florida also decreased from the previous month as well as from the previous year. While the inventory of Lakeland foreclosures is down, distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, November market share of distressed homes was 51% which is an indication that buyers are more willing to stick with short sales as banks are willing to approve short sales in a shorter time frame.
Lakeland Homes sold in November: 181 previous month:189 – previous year November 10: 135 sold
November – average sales price $109,606
Previous month: $115,266 (-4.91%) – previous year November 10: $120,461 (-4.31%)
November – median sales price $95,000
Previous month: $105,000 (-9.52%) – previous year November 10: $102,000 (-6.86%)
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.
What are the various average prices in each Lakeland zip code?
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.
Distressed properties in Lakeland, Florida
For the month of November, Lakeland’s real estate market of distressed homes had a market share of 51%. There were a total of 92 homes sold in November, according to Mid-Florida Regional MLS.
Check back soon for November’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.
If you are interested in a specific area or neighborhood, feel free to contact me at petra[at]petranorris.com or click the search button below.