Bi-weekly update for the Lakeland real estate market! Currently, there are 1942 homes for sale throughout Lakeland, Florida– as of 08/27/09. The homes newly listed for sale increased a bit from two weeks ago to 134 homes in Lakeland with an average sales price of $184,796 or $92.49 per square foot with area Realtors®. Although the Lakeland real estate inventory is slightly decreasing from week to week, I noticed an increase of luxurious homes coming on the market. During the first quarter, only 4 homes priced over $1 million entered the Lakeland Real Estate market, while the second quarter produced an additional 10 homes, totaling 22 Lakeland homes for sale priced over $1,000.000.
The types of homes and average prices just listed in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:
1 duplex unit listed for $125,000
8 condos listed with an average sales price of $162,075
8 mobile homes listed with an average sales price of $77,050
3 Townhomes/Villas listed with an average sales price of $138,266
114 single family homes with an average price of $195,700
Another million dollar home – the priciest home that came newly on the market here in Lakeland, Florida is a 2005 custom luxury pool home built by Olivera Construction; featuring 4 bedrooms and 4 ½ baths with over 5,500 square feet of living space currently offered for $1,485,000. On the contrary, the cheapest home newly listed is a 3 bedroom 1 bath bank-owned property listed for only $21,900 – just over $20.00 per square foot – located in Midpark Heights.
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 Lakeland FL zip code:
33801 – 08 with an average sales price of $90,262
33803 – 16 with an average sales price of $186,600
33805 – 08 with an average sales price of $62,887
33809 – 16 with an average sales price of $156,887
33810 – 30 with an average sales price of $156,550
33811 – 17 with an average sales price of $145,661
33812 – 10 with an average sales price of $221,735
33813 – 23 with an average sales price of $352,126
33815 – 06 with an average sales price of $107,116
Bi-weekly update on distressed properties in Lakeland
A total of 425 properties are currently actively being marketed that are facing foreclosure. There were 51 Lakeland homes newly listed in the distressed category with average prices of $133,256 or $92.25 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 the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.
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