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

Lakeland FL Short Sale and Foreclosure Market Report – July 2011

For the month of July, the Lakeland real estate market of short sales and bank-owned (REO) properties have dropped well below the normal numbers of recent months.

There were a total of only 69 distressed homes sold that were in some kind of distress, compared to the 118 homes the previous month and 106 home the previous year.

Current inventory for Lakeland foreclosures as of 9/03/11 is at 69, while 84 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 - 14 homes

$50,000 - $99,999 - 19 homes

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

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

Current inventory for Lakeland Short Sales as of 9/03/11 is at 350 homes, while 317 homes are under contract and waiting to close.

Lakeland Short Sales Market Report

$49,999 or under - 5 homes

$50,000 - $99,999 - 9 homes

$100,000 - $149,999 - 9 homes

$150,000 - $199,999 - 1 homes 

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 123 days
• Average days to Closing for other distressed properties are 267 days.  

 

• 24 Lakeland FL Short Sale properties sold - average soldprice$93,513 – median sold price $95,000.
• 45 Lakeland FL Foreclosures (REO) sold – average sold price $75,463 – median sold price $72,900.

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. 

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 – July 2011*

Lakeland FL Carillon Lakes Homes for Sale | Market Snapshot for May 2011

Copyright © 2011 By Petra Norris *Lakeland FL Carillon Lakes Homes for Sale | Market Snapshot for May 2011*

 

Overall Lakeland FL Existing Home Sales for May 2011

Lakeland Florida average overall home sales for existing homes increased to $110,138 for the month of May, compared to the previous month.  However, when compared to May of the previous year, sales took another hit from $121,563.  The number of homes sold continue to be strong - a total of 225 existing homes sold in Lakeland FL

225 Lakeland overall homes sales in May: 

April 2011:  215 – previous year May 10: 230 sold

May – average sales price $110,138

April: $107,892 (2.08%) – previous year May 10: $121,563 (-9.40%)

May – median sales price $89,995

April: $94,000 (-4.26%) – previous year May 10: $107,000 (-15.89%)

The graph below represents average and median home sales for May 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 2014 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 heading towards stabilization of a balanced housing market, even though housing prices are still decreasing when compared to the previous years.

Distressed properties in Lakeland, Florida

For the month of May, foreclosures and short sales comprised a total of 52% of homes sold. There were a total of 117 homes sold in May, according to Mid-Florida Regional MLS.

Check back soon for May detailed Lakeland Florida housing report that highlights bank-owned properties (REOs) and Lakeland FL 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:

 

April 2011 Lakeland FL Homes for Sale - Overall Housing Market Report

March 2011 Lakeland FL Homes for Sale - Overall Housing Market Report

February 2011 Lakeland FL Homes for Sale - Overall Housing Market Report

January 2011 Lakeland FL Homes for Sale - Overall Housing Market Report

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

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

 

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

 

Copyright © 2011 By Petra Norris *Overall Lakeland FL Existing Home Sales for May 2011*

 

 

Lakeland Florida Short Sale and Foreclosure Market Report – February 2011

For the month of February, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 67.46% from the previous month. There were a total of 114 distressed homes sold, the same as January 2011 and 89 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 124 days

Average days to Closing for other distressed properties are 259 days.  

 

25 Lakeland FL Short Sale properties sold - average sold price $106,300 – median sold price $113,000

 

88 Lakeland FL Foreclosures (REO) sold – average sold price $71,311 – median sold price $63,500.

 

 

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.

 

 

 

 

 

Lakeland FL Homes for Sale – Overall Home Sales for February 2011

 

 

Lakeland Fl Homes for Sale – Overall Home Sales for January 2011

 

Average overall Lakeland Florida home sales took a nose dive to $94,095 for the month of January compared to the previous month.  The last time I saw average sales price like this was April 2001 at $89,607.  I don’t have the numbers prior to 2001, since our Multiple Listing Service provides data for ten years.  

 

169 Lakeland Fl houses that have sold in January which also decreased from the previous month of December of 197.  January market share of distressed homes rose to 67% from the previous month. 

 

 

 

 

Lakeland Florida Short Sale and Foreclosure Market Report – December 2010

 

For the month of December, the Lakeland real estate market of short sales and bank-owned (REO) properties market share increased to 61.03% from the previous month. There were a total of 119 distressed homes sold, compared to 73 in November and 103 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

 

Currently there are a total of 2344 Lakeland FL homes for sale and 470 homes under contract (01/24/2011). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed in which a buyer could walk away at any given time.

 

• Bank owned properties – Inventory share is 17.79%
• Short sale properties – Inventory share is 26.92% 

 

The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.

 

 

 

Lakeland Florida Short Sale and Foreclosure Market Report – October 2010

 

For the month of October, the Lakeland real estate market of short sales and bank-owned (REO) properties market share decreased to 60% from the previous month, reasoning the recent foreclosure moratorium. There were a total of 100 distressed homes sold, compared to 130 in September and 92 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

 

Currently there are a total of 1882 Lakeland FL homes for sale and 462 homes under contract (11/27/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed in which a buyer could walk away at any given time.

 

Bank owned properties – Inventory share is 14.46%

Short sale properties – Inventory share is 28.11%

 

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 103 days

Average days to Closing for other distressed properties are 208 days.  

 

29 Lakeland FL Short Sale properties sold - average sold price $100,000 – median sold price $106,000

 

71 Lakeland FL Foreclosures (REO) sold – average sold price $75,753 – median sold price $71,990.

 

You can see from the graph below, zip code 33810 had the most distressed sales (foreclosures and short sales) in Lakeland, FL. 

 

Looking for a great deal on Lakeland Short Sales and Lakeland foreclosures, feel free to contact me at petra@petranorris.com or click the search button below.