Lakeland Real Estate Housing Report for October 2009

Lakeland real estate sales activity in October remained very active with a total of 177 homes that were sold in Lakeland.  When comparing to last year’s activity, home sales shows an increase by 29% for the Lakeland Real Estate market.

Average and median Lakeland home sale prices at its lowest for this year

Average sold prices for October decreased to $115,951($67.72 per sq.ft.) or 10% from the previous month and 23% from the previous year, respectively.  Median prices dipped for October to $107,000 or 12% for homes sold in Lakeland when comparing to the previous month.

  • Average Lakeland Sold price for October 2008 – $149,732 – decrease of 23%
  • Median Lakeland sold price for October 2008 – $140,000 – decrease of 24%

LakelandGraphYTDOct

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.

OverallStatisticsOct09

Distressed properties in Lakeland, Florida

For the month of October, distressed homes, such as Lakeland Short Sales, pre-foreclosures, in foreclosures and bank-owned (REO) properties had a market share of almost 52% in the Lakeland Real Estate market. There were a total of 91 properties sold in October compared to 51 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

  • 28 Distressed Homes Sold – average sold price $116,270 – $65.55 per sq.ft.
  • 63 Bank-owned (REO) sold – average sold price $80,252 – $49.31 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.

LakelandZipcodeOct09

Which zip codes represents the most sales activities since January 2009?

Zip Codes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Grand Total
33801

20

12

15

21

13

16

17

12

20

27

173

33803

11

10

16

18

16

19

26

19

22

25

182

33805

12

11

12

9

5

10

14

14

8

14

109

33809

13

12

16

11

18

17

16

17

25

17

162

33810

25

31

34

31

46

37

40

33

42

46

365

33811

10

16

17

18

18

22

20

15

22

15

173

33812

10

5

8

13

7

9

16

15

10

9

102

33813

9

25

27

28

26

33

35

38

29

22

272

33815

5

3

7

5

7

6

4

3

5

2

47

Grand Total

115

125

152

154

156

169

188

166

183

177

1585

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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