Lakeland FL Short Sale and Foreclosure Market Report – March 2011
For the month of March, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 54.18% from the previous month. There were a total of 123 distressed homes sold, an increase from the previous months and 129 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 142 days
Average days to Closing for other distressed properties are 279 days.
31 Lakeland FL Short Sale properties sold - average sold price $122,142 – median sold price $110,000.
92 Lakeland FL Foreclosures (REO) sold – average sold price $83,177 – median sold price $70,000.
Looking for a great deal on Lakeland FL Short Sales and Lakeland FL foreclosures, feel free to contact me at petra@petranorris.com or use the interactive map here below for your convenience.
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.
Copyright © 2011 By Petra Norris *Lakeland FL Short Sale and Foreclosure Market Report – March 2011*
Authored by Petra Norris
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
