A continuation in declining inventory of homes in Lakeland is good news! There were 55 homes newly listed in Lakeland for sale with an average sales price of $147,397 or $90.95 per square foot, a decline from 69 homes listed from the previous week. Good news for Lakeland’s local housing market is when the surplus of homes decrease and sellers set prices aggressively. Sales are beginning to improve when home buying is being made affordable by low interest rates and tax credit for 1st time home buyers. Currently there are 2,125 properties that are actively marketed for sale according to the Multiple Listing Services (MLS).
Amongst the newly listed properties, here is a breakdown of each property category:
1 ½ duplex listed for sale at $139,000
5 condos listed with an average sales price of $168,725
5 mobile homes listed with an average sales price of $91,320
2 townhomes/villas with an average sales price of $125,000
42 single family homes with an average price of $152,800
The priciest home that came newly on the market is a 2004 Multi-Story condominium home in the Muirfield Village of the Grasslands Golf & Country Club Community; featuring 3 bedrooms and 2 baths with just under 2,000 square feet of living space currently offered for $329,900. On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath bank-owned listed for only $11,875 – under $10.00 per square foot – located in Ridgecrest Subdivision.
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 – 06 with an average sales price of $147,366
33803 – 05 with an average sales price of $194,720
33805 – 05 with an average sales price of $104,935
33809 – 04 with an average sales price of $94,700
33810 – 18 with an average sales price of $144,450
33811 – 05 with an average sales price of $165,685
33812 – 02 with an average sales price of $92,900
33813 – 08 with an average sales price of $204,950
33815 – 02 with an average sales price of $45,825
Weekly update on distressed properties in Lakeland
A total of 484 properties are currently facing foreclosure. There were 24 Lakeland homes newly listed in the distressed category with average prices of $126,213 or $75.67 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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Lakeland Florida Homes for Sale – Weekly Update on New Listings 03/22/09 – 03/28/09
Licensed Florida Real Estate Broker
CDV TransAtlantic, Inc.
P.O. Box 92050 – Lakeland, FL 33804-2050
Telephone (863) 618-6919