Lakeland Real Estate Housing Report for August 2009

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%

AvgSolds

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.

LkldOverallStatisticsAug09

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.

Lkld Sold Activity by Zipcode Aug09

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.

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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.

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