Update for the Lakeland real estate market! Currently, there are 1940 homes for sale throughout Lakeland – as of 11/03/09, still balanced – no major increase or decrease in inventory for the past few weeks. Newly listed homes for the period of October 16th through October 31st totaled 192 Lakeland homes recently came on the market. Average sales price of $177,940 or $85.32 per square foot with area Realtors®.
The types of homes and average prices just listed in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:
2 duplex listed with an average sales price of $36,299
5 condos listed with an average sales price of $104,560
16 mobile homes listed with an average sales price of $96,212
11 Townhomes/Villas listed with an average sales price of $110,561
158 single family homes with an average price of $195,022
Three Lakeland homes exceeding $1 million were just listed. The priciest Lakeland real estate was a former “Home of the Year” in the 2006 Spring Parade. This custom built pool home is located in the Lazy Creek subdivision; featuring 5 bedrooms and 5 baths with close to 6,000 square feet of living space currently offered for $1,499,000. On the contrary, the cheapest Lakeland home newly listed is a 2 bedroom 1 bath listed for only $10,000 – just under $12.00 per square foot – located in the Palma Ceia Court 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 – 20 with an average sales price of $69,398
33803 – 24 with an average sales price of $255,583
33805 – 11 with an average sales price of $84,272
33809 – 26 with an average sales price of $155,553
33810 – 49 with an average sales price of $176,746
33811 – 19 with an average sales price of $273,142
33812 – 08 with an average sales price of $142,637
33813 – 30 with an average sales price of $206,099
33815 – 05 with an average sales price of $99,359
Update on distressed homes in Lakeland
A total of 540 properties are currently actively being marketed that are facing foreclosure. There were 71 Lakeland homes newly listed in the distressed category with average prices of $116,036 or $67.04 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.
Update on Lakeland Real Estate that have sold
For the period of October 1st through October 31st there have been 169 Lakeland homes sold so far reported with an average price of $115,406 or $67.45 per sq. ft.
Lakeland Real Estate under contract but have not closed (Pending)
Lakeland homes that are in pending status are at 498, a trend that has increased steadily over the past few months. This is a positive sign indicating sales are stabilizing or increasing.
Looking for Lakeland homes for sale, look no further – just click the icon below and off you go. Happy house hunting!