Lakeland Florida average overall home sales slipped again to $93,265 for the month of February compared to the month of January 2011. While the overall inventory of homes are shrinking (around 1600 homes for sale in Lakeland FL compared to over 2000 homes for sale at the end of the 4th quarter of 2010) and sellers starting to realize that home prices are not increasing anytime soon since we are still dealing with a lot of distressed homes, such as short sale and foreclosures.
192 Lakeland Fl houses that have sold in February, an increase from the previous month of January of 169. February market share of distressed home sales decreased to 59% from the previous month.
192 Lakeland overall homes sales in February:
January 2011: 169 – previous year February 10: 159 sold
February – average sales price $93,265
January: $94,095 (-0.88%) – previous year February 10: $109,178 (-14.58%)
February – median sales price $79,900
Previous month: $77,500 (3.10%) – previous year February 10: $95,000 (-15.89%)
The graph below represents average and median home sales for February in Lakeland, Fl 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 for sale.
What was the average sales price 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 home sales have exceeded.
Distressed properties in Lakeland, Florida
For the month of February, Lakeland’s real estate market of distressed homes had a market share of 67.46%. There were a total of 114 homes sold in February, according to Mid-Florida Regional MLS.
Check back soon for February’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales
For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.
Copyright © 2011 By Petra Norris *Lakeland Florida Homes for Sale – Overall Home Sales for February 2011