Bi-weekly update for the Lakeland real estate market! Currently, there are 1967 homes for sale throughout Lakeland – as of 7/30/09. The homes newly listed for sale dropped from two weeks ago to 138 homes in Lakeland with an average sales price of $229,481 or $100.38 per square foot with area Realtors®. But why the drastic increase for the average price for Lakeland homes newly listed? Within the last two weeks, there were 4 Lakeland homes listed for over $1 million, which resulted in an increase of the average sales price for Lakeland Real Estate. The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:
1 duplex listed for $160,000
7 condos listed with an average sales price of $120,714
8 mobile homes listed with an average sales price of $78,162
3 Townhomes/Villas listed for $111,013
119 single family homes with an average price of $249,500
As I mentioned before about four Lakeland Homes priced over the $1 million threshold. The priciest home that came newly on the market here in Lakeland, Florida is a 1927 historic Lakeland home with an in ground pool overlooking Lake Hollingsworth; featuring 5 bedrooms and 4 – 2 ½ baths with almost 5,000 square feet of living space currently offered for $1,850,000. On the contrary, the cheapest home newly listed is a 3 bedroom 1 ½ bath property listed for only $33,000 – just over $20.00 per square foot – located in Royal Oak Manor Subdivision.
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 zip code:
33801 – 14 with an average sales price of $92,257
33803 – 20 with an average sales price of $396,292
33805 – 10 with an average sales price of $172,919
33809 – 14 with an average sales price of $167,950
33810 – 20 with an average sales price of $152,087
33811 – 15 with an average sales price of $183,516
33812 – 09 with an average sales price of $225,605
33813 – 33 with an average sales price of $310,184
33815 – 03 with an average sales price of $64,966
Bi-weekly update on distressed properties in Lakeland
A total of 490 properties are currently actively being marketed that are facing foreclosure. There were 42 Lakeland homes newly listed in the distressed category with average prices of $131,838 or $74.47 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.