Lakeland Real Estate Market Update – 12/01-12/15/09

Update for the Lakeland real estate market! Currently, there are 1901 homes for sale throughout Lakeland – as of 12/21/09. Newly listed homes for the period of December 1st through December 15th totaled 126 Lakeland homes recently came on the market. A 16% increase from the my previous report. The average sales price of Lakeland homes listed with area Realtors® increased to $200,409.

The types of homes and average prices just listed in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:

1 duplex listed for $119,900

4 condos listed with an average sales price of $119,925

16 mobile homes listed with an average sales price of $79,284

1 Townhomes/Villas listed for $49,500

104 single family homes with an average price of $174,525

Lakeland’s newest homes listed! The priciest Lakeland real estate is a 1999 pool home; featuring 4 bedrooms and 4 ½  baths with 5,500 square feet of living space currently offered for $1,100,000 located in the Christina Community.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedroom 1 baths property listed for only $9,000 – just over $6.00 per square foot – located in the Richlawn subdivision and is in fact the cheapest home.

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 $56,185

33803 –23 with an average sales price of $186,178

33805 – 09 with an average sales price of $87,888

33809 – 10 with an average sales price of $130,425

33810 – 21 with an average sales price of $110,200

33811 – 13 with an average sales price of $200,169

33812 – 07 with an average sales price of $179,400

33813 – 25 with an average sales price of $260,785

33815 – 04 with an average sales price of $53,025

Update on distressed homes in Lakeland

A total of 539 properties are currently actively being marketed that are facing foreclosure. There were 55 Lakeland homes newly listed in the distressed category with average prices of $111,484 or $68.33 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 December 1st through December 15th there have been 80 Lakeland homes sold so far reported with an average price of $126,137.  Lakeland Real Estate under contract but have not closed (Pending) Lakeland homes that are in pending status are at 460.

For more information on the location of these newly listed 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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