Lakeland Real Estate – Weekly Update on New Listings 05/10/09 – 05/16/09

Lakeland Real Estate weekly update! Falling supply should lead to an increase in demand in Lakeland real estate – right? The housing inventory continues to fall to 2053 properties in Lakeland (May 20, 2009) from the previous week. There were 58 homes newly listed in Lakeland with an average sales price of $154,880 or $92.23 per square foot with area Realtors®. The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:

4 condos listed with an average sales price of $186,925

4 mobile homes listed with an average sales price of $80,900

1 Townhome/Villa listed for $129,500

49 single family homes with an average price of $158,821

The priciest home that came newly on the market here in Lakeland, Florida is a 1984 Two-Story Single Family Home with an in ground pool and a view of Scott Lake in the Lake Point South subdivision; featuring 4 bedrooms and 3 ½ baths with over 3,200 square feet of living space currently offered for $339,900.  On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath property listed for only $19,900 – under $20.00 per square foot – located in Webster & Omohundro Subdivision.

The 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 – 06 with an average sales price of $81,050

33803 – 09 with an average sales price of $167,655

33805 – 03 with an average sales price of $115,600

33809 – 14 with an average sales price of $167,785

33810 – 07 with an average sales price of $129,314

33811 – 04 with an average sales price of $171,800

33812 – 02 with an average sales price of $204,375

33813 – 10 with an average sales price of $195,650

33815 – 03 with an average sales price of $111,466

Weekly update on distressed properties in Lakeland

A total of 465 properties are currently actively being marketed that are facing foreclosure. There were 21 Lakeland homes newly listed in the distressed category with average prices of $153,850 or $79.95 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 the properties newly listed in Lakeland, pricing and size of the homes click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

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Would you like to do your own search for properties? Look no further, click on the “Search for Homes” icon to begin your Lakeland real estate search – or contact me directly at (863) 619-6918. I’m here to help!

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Copyright © 2009 http://www.petranorris.com| All Rights Reserved

Lakeland Florida Homes for Sale – Weekly Update on New Listings 05/10/09 – 05/16/09

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

P.O. Box 92050 – Lakeland, FL 33804-2050

Telephone (863) 618-6919

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