Lakeland real estate sales activity decreased for August, there were 166 homes sold down 12% from the previous month of 188. While prices are also lagging behind the numbers from last year, home sales increased by 27% from August 2008 in Lakeland, Florida.
While the median prices held steady for August at $130,000 for homes sold in Lakeland when compared to the previous month. Average sold prices decreased to $136,324 ($73.75 per sq.ft.) or 8% from the previous month and 13% from the previous year, respectively for Lakeland Real Estate.
Average Lakeland Sold price for August 2008 – $155,918– decrease of 13%
Median Lakeland sold price for August 2008 – $140,000 – decrease of 7%
Based on recent sales history for the Lakeland Real Estate market, it shows here in this spreadsheet below where the most activity takes place and what types of homes are selling.
Distressed properties in Lakeland, Florida
For the month of August, distressed homes and bank-owned (REO) properties had a market share of 45% in the Lakeland Real Estate market. There were a total of 74 properties sold in August compared to 18 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
30 Distressed Homes Sold – average sold price $124,753 – $65.41 per sq.ft.
44 Bank-owned (REO) sold – average sold price $96,624 – $54.32 per sq.ft.
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 sold prices have exceeded.
Which zip codes represents the most sales activities since January 2009?
| Zip Codes | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Grand Total |
| 33801 |
20 |
12 |
15 |
21 |
13 |
16 |
17 |
12 |
126 |
| 33803 |
11 |
10 |
16 |
18 |
16 |
19 |
26 |
19 |
135 |
| 33805 |
12 |
11 |
12 |
9 |
5 |
10 |
14 |
14 |
87 |
| 33809 |
13 |
12 |
16 |
11 |
18 |
17 |
16 |
17 |
120 |
| 33810 |
25 |
31 |
34 |
31 |
46 |
37 |
40 |
33 |
277 |
| 33811 |
10 |
16 |
17 |
18 |
18 |
22 |
20 |
15 |
136 |
| 33812 |
10 |
5 |
8 |
13 |
7 |
9 |
16 |
15 |
83 |
| 33813 |
9 |
25 |
27 |
28 |
26 |
33 |
35 |
38 |
221 |
| 33815 |
5 |
3 |
7 |
5 |
7 |
6 |
4 |
3 |
40 |
| Grand Total |
115 |
125 |
152 |
154 |
156 |
169 |
188 |
166 |
1225 |
For more information on the location of these sold homes in Lakeland, price and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.
If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.
