Lakeland Fl Homes for Sale, Real Estate and more...

Lakeland FL Short Sale and Foreclosure Market Report – November 2011

For the month of November, the Lakeland real estate market of short sales and bank-owned (REO) properties has decreased. There were a total of only 92 distressed homes sold that were in some kind of distress, compared to the 98 homes the previous month and 74 home the previous year.

Current inventory for Lakeland FL foreclosures as of 12/30/11 is at 85, while 51 homes currently are under contract and awaiting closing. 

What are the price ranges, buyers and investors are most interested?

Lakeland Foreclosures Market Report

$49,999 or under – 25 homes

$50,000 – $99,999 – 14 homes

$100,000 – $149,999 – 10 homes

$150,000 – $199,999 – 1 homes

$200,000 – $249,999 – 1 home

Current inventory for Lakeland Short Sales as of 12/30/11 is at 359 homes, while 330 homes are under contract and waiting to close.

Lakeland Short Sales Market Report

$49,999 or under – 7 homes

$50,000 – $99,999 – 20 homes

$100,000 – $149,999 – 10 homes

$150,000 – $199,999 – 3 homes

$250,000 – $299,999 – 1 home

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 82 days

Average days to Closing for other distressed properties are 280 days.  

41 Lakeland FL Short Sale properties sold – average sold price$96,700 – median sold price $91,000.

51 Lakeland FL Foreclosures (REO) sold – average sold price $67,530 – median sold price $56,000

Low Lakeland Florida foreclosure inventory may be the answer for you if you are contemplating short sales and your family and friends telling you that buyers only work the foreclosures.  Don’t be fooled, putting your home on the market as a short sale may be your best option now as buyers are frustrated in the bidding war against investors. Buyers are willing to look at buying Lakeland short sales.

Don’t let time be against you. Don’t be foreclosed. Call your Lakeland FL Short Sale Agent – Petra Norris at (863) 619-6918 and find out about our options. 

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 – November 2011*

Lakeland FL Existing Overall Home Prices  – November 2011

Average overall Lakeland existing home prices dropped to $109,606 in November from the previous month.  Overall median home prices for existing homes in Lakeland Florida also decreased from the previous month as well as from the previous year.  While the inventory of Lakeland foreclosures is down, distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, November market share of distressed homes was 51% which is an indication that buyers are more willing to stick with short sales as banks are willing to approve short sales in a shorter time frame. 

Lakeland Homes sold in November: 181 previous month:189 – previous year November 10: 135 sold

November – average sales price $109,606

Previous month: $115,266 (-4.91%) – previous year November 10: $120,461 (-4.31%)

November – median sales price $95,000

Previous month: $105,000 (-9.52%) – previous year November 10: $102,000 (-6.86%)

The graph below represents average and median home prices in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town-homes, villas and duplex units.

What are the various average prices in each Lakeland zip code?

Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.

Distressed properties in Lakeland, Florida

For the month of November, Lakeland’s real estate market of distressed homes had a market share of 51%. There were a total of 92 homes sold in November, according to Mid-Florida Regional MLS.

Check back soon for November’s detailed Lakeland Florida real estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

If you are interested in a specific area or neighborhood, feel free to contact me atpetra[at]petranorris.com or click the search button below.

Copyright © 2011 By Petra Norris *Lakeland FL Existing Overall Home Prices  – November 2011*

Lakeland FL Existing Overall Home Prices Rose In October 2011

Average overall Lakeland existing home prices rose to $115,266 in October.  Overall median home prices for existing homes in Lakeland Florida increased from the previous month as well as from the previous year.  While distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, October market share of distressed homes however, increased to 52% from the previous months which is an indication that banks are willing to approve short sales because short sale closings have improved and foreclosures are picking back up.

Lakeland Homes sold in October: 189 previous month:187 – previous year October 10: 169 sold

October – average sales price $115,266

Previous month: $114,886 (.33%) – previous year October 10: $115,092 (.15%)

October – median sales price $105,000

Previous month: $100,000 (5%) – previous year October 10: $92,000 (14.13%)

The graph below represents average and median home prices in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town-homes, villas and duplex units.

What are the various average prices in each Lakeland zip code?

Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.

Distressed properties in Lakeland, Florida

For the month of October, Lakeland’s real estate market of distressed homes had a market share of 52%. There were a total of 98 homes sold in October, according to Mid-Florida Regional MLS.

Check back soon for October’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

If you are interested in a specific area or neighborhood, feel free to contact me at petra[at]petranorris.com or click search button below.

Copyright © 2011 By Petra Norris *Lakeland FL Existing Overall Home Prices Rose In October 2011*

Lakeland FL Short Sale and Foreclosure Market Report – August 2011

For the month of August, the Lakeland real estate market of short sales and bank-owned (REO) properties have rose well above last month sale. There were a total of only 107 distressed homes sold that were in some kind of distress, compared to the 69 homes the previous month and 110 home the previous year.

Current inventory for Lakeland foreclosures as of 9/26/11 is at 71, while 92 homes currently are under contract and awaiting closing. 

What are the price ranges, buyers and investors are most interested?

Lakeland Foreclosures Market Report

$49,999 or under - 25 homes

$50,000 - $99,999 - 22 homes

$100,000 - $149,999 - 7 homes

$150,000 - $199,999 - 4 homes

$300,000 - $349,999 - 1 home

$400,000 - $499,999 - 1home

$600,000 - $699,999 - 1 home

Current inventory for Lakeland Short Sales as of 9/26/11 is at 334 homes, while 348 homes are under contract and waiting to close.

Lakeland Short Sales Market Report

$49,999 or under - 16 homes

$50,000 - $99,999 - 16 homes

$100,000 - $149,999 - 8 homes

$150,000 - $199,999 - 2 homes

$200,000 - $249,999 - 1 home

$400,000 - $499,999 - 1 home

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 122 days
• Average days to Closing for other distressed properties are 229 days.   
• 44 Lakeland FL Short Sale properties sold - average soldprice$79,302 – median sold price $63,000.
• 63 Lakeland FL Foreclosures (REO) sold – average sold price $92,839 – median sold price $64,000.

Since January 2011, 544 properties received some sort of default notice, summons and/or complaint filings from the clerk of courts and with only 69 foreclosures on the market this shows that most of Lakeland homeowners trying to get loan modifications or just living in their homes not making a single mortgage payment.

Don’t let time be against you. Don’t be foreclosed. Call your Lakeland FL Short Sale Agent - Petra Norris at (863) 619-6918 and find out about our options. 

 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.

Lakeland FL Deer Brooke Community Market Report - August 2011

Copyright © 2011 By Petra Norris *Lakeland FL Deer Brooke Community Market Report - August 2011*

Lakeland Fl Homes for Sale – Overall Home Sales for December 2010

Average overall Lakeland Florida home sales decreased to $112,748 for the month of December compared to the previous month.  195 Lakeland Fl houses that have sold which represents above average numbers for this year’s total of 2,287 houses sold. December market share of distressed homes rose to 61% from the previous month. 

Lakeland overall homes sales in December: 

195 - previous month:  133 – previous year December 09: 194 sold

December – average sales price $112,748

Previous month: $120,073 (-6.10%) – previous year December 09: $123,866 (-8.98%)

December – median sales price $93,972

Previous month: $102,000 (-7.87%) – previous year December 09: $113,950 (-17.53%)

The graph below represents average and median home sales for December in Lakeland, Fl for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units for sale.

What was the average sales price in each Lakeland zip code?

Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average home sales have exceeded.

A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2338 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending).  From the chart below you can see the housing trend with respect to Supply and Demand and the overall absorption rate for the Lakeland, FL housing market.

Distressed properties in Lakeland, Florida

For the month of December, Lakeland’s real estate market of distressed homes had a market share of 61.01%. There were a total of 119 homes sold in December, according to Mid-Florida Regional MLS.

Check back soon for December’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

I have been reporting on Lakeland FL Homes for Sale and provided my readers with a comprehensive market report for homes that have sold on a monthly basis. Check out these monthly reports:

November 2010 Lakeland Fl Homes for Sale - Overall Housing Market Report

October 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

September 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

August 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

July 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

June 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

May 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

April 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

March 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

February 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

January 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.

 

Copyright © 2011 By Petra Norris *Lakeland Fl Homes for Sale – Overall Home Sales for December 2010*

 

Lakeland Fl Real Estate Update – Overall Home Sales for October 2010

Overall Lakeland Florida home sales decreased to $114,532 for the month of October, down 4.67% from the previous month.  The number of Lakeland homes sold was the third lowest this year to 166 homes sold, reasoning the recent foreclosure moratorium from. October market share of distressed homes decreased to 60% from the previous month. Distressed properties continue to be a major factor in determining overall market values for Lakeland FL homes for the remainder of this year and 2011.

 

 

Lakeland overall homes sales in October: 

166 - previous month:  195 – previous year October 09: 178 sold

October – average sales price $114,532

Previous month: $120,143 (-4.67%) – previous year October 09: $115,971 (-1.24%)

October – median sales price $90,000

Previous month: $100,000 (-10%) – previous year October 09: $108,000 (-16.67%)

The graph below represents average and median home sales for October in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units.

 

 

 

What was the average sales price in each Lakeland zip code?

Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average home sales have exceeded.

 

A stable “healthy" housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2353 Lakeland homes currently for sale and under contract resulting in a 15 months supply, suggesting that the supply continues to be greater than the demand.

Let’s break it down for you to see the supply and demand for traditional homes for sale versus the distressed market in the Lakeland real estate market.

Traditional homes only – Inventory active and pending 1349 homes resulting in 22 month of supply.

Distressed properties – Inventory active and pending 1004 homes resulting in a 11 month of supply.

Distressed properties in Lakeland, Florida

For the month of October, Lakeland’s real estate market of distressed homes had a market share of 60.24%. There were a total of 100 homes sold in October, according to Mid-Florida Regional MLS.

Check back soon for October’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

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.

 

Copyright © 2010 By Petra Norris *Lakeland Fl Real Estate Update – Overall Home Sales for October 2010*