Hi folks, it’s time again for the weekly update on newly listed Lakeland properties! There were 69 homes newly listed in Lakeland with an average sales price of $182,264 or $97.77 per square foot with area Realtors®, a decline from 76 homes listed from the previous week. We have seen a continued decline in newly listed properties and also seen a steady inventory in recent months at about 2,200 properties that are actively marketed for sale according to the Multiple Listing Services (MLS).
Amongst the newly listed properties, here is a breakdown of category:
1 ½ duplex listed for sale at $69,000
1 condo is listed at a sales price of $239,900
4 mobile homes listed with an average sales price of $76,625
4 townhomes/villas with an average sales price of $99,825
59 single family homes with an average price of $195,958
The priciest home that came newly on the market is a 1999 luxury home built by Mark Hulbert located in the Crescent Hills of Christina neighborhood; featuring 4 bedrooms and 3 baths with over 5,000 square feet of living space currently offered for $749,900. On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath bank-owned home in the Bon Air subdivision, listed for $36,900 – just under $37.00 per square feet. The 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 – 12 with an average sales price of $111,268
33803 – 07 with an average sales price of $226,600
33805 – 06 with an average sales price of $146,066
33809 – 07 with an average sales price of $177,528
33810 – 17 with an average sales price of $152,294
33811 – 02 with an average sales price of $131,200
33812 – 03 with an average sales price of $159,966
33813 – 13 with an average sales price of $305,730
33815 – 02 with an average sales price of $114,950
Weekly update on distressed properties in Lakeland
A total of 506 properties are currently facing foreclosure, this number represents 23% of our total active inventory. There were 27 Lakeland homes newly listed in the distressed category with average prices of $137,856 or $74.15 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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Would you like to do your own search for properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918.
In case you missed my monthly market report, just click on Lakeland February Housing Report
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Lakeland Florida Homes for Sale – Weekly Update on New Listings 03/15/09 – 03/21/09
Licensed Florida Real Estate Broker
CDV TransAtlantic, Inc.
P.O. Box 92050 – Lakeland, FL 33804-2050
Telephone (863) 618-6919