Lakeland Real Estate Update – 02/16/10-02/28/10

Update for the Lakeland FL real estate market! There are 1912 homes for sale throughout Lakeland, Florida – as of 03/09/10. The inventory of Lakeland homes for sale in the past few months hovers around 1900. Newly listed homes for the period of February 16th through February 28th decreased to 135 Lakeland homes for sale. The average sales price of Lakeland homes listed with area Realtors® increased to $165,281 from my previous report.

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

4 duplex units with a sales price of $138,425

4 condos listed with an average sales price of $61,325

10 mobile homes listed with an average sales price of $56,310

4Townhomes/Villas listed with an average sales price of $177,587

113 single family homes with an average price of $179,119

Lakeland’s newest homes listed! The priciest home on the market in Lakeland is a 2006 Hulbert custom built estate with pool features 5 bedrooms and 4 2½ baths with over 5,100 square feet of living space. This home is located in the Christina community and is offered at $1,899,000.  On the contrary, the cheapest Lakeland home newly listed is a bank owned 3 bedrooms 2baths home listed for $16,400 – just over $12.00 per square foot – located in the Albert Park 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 – 14 with an average sales price of $93,598

33803 – 16 with an average sales price of $201,297

33805 – 11 with an average sales price of $88,218

33809 – 12 with an average sales price of $170,942

33810 – 31 with an average sales price of $107,023

33811 – 10 with an average sales price of $173,500

33812 – 06 with an average sales price of $219,667

33813 – 31 with an average sales price of $265,574

33815 – 04 with an average sales price of $39,152

Update on distressed homes in Lakeland

A total of 599 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 $101,305 or $61 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.

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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February update on Lakeland Real Estate “Sold & Pending”

So far 146 Lakeland properties have sold that have been recorded in the Multiple Listing. Currently, there are 533 Lakeland homes have gone to “pending”, awaiting closing.

Check back soon for your Lakeland Real Estate Market Report for February 2010!

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