July showed that there were some positive signs in Lakeland real estate market that I would like to share it with you.
Lakeland Homes sold in July: 188 - previous month: 169 – previous year July 08: 149 sold
Which zip codes represents the most sales activities since January 2009?
|
Zip Codes |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Total |
|
33801 |
20 |
12 |
15 |
21 |
13 |
16 |
17 |
114 |
|
33803 |
11 |
10 |
16 |
18 |
16 |
19 |
26 |
116 |
|
33805 |
12 |
11 |
12 |
9 |
5 |
10 |
14 |
73 |
|
33809 |
13 |
12 |
16 |
11 |
18 |
17 |
16 |
103 |
|
33810 |
25 |
31 |
34 |
31 |
46 |
37 |
40 |
244 |
|
33811 |
10 |
16 |
17 |
18 |
18 |
22 |
20 |
121 |
|
33812 |
10 |
5 |
8 |
13 |
7 |
9 |
16 |
68 |
|
33813 |
9 |
25 |
27 |
28 |
26 |
33 |
35 |
183 |
|
33815 |
5 |
3 |
7 |
5 |
7 |
6 |
4 |
37 |
|
Grand Total |
115 |
125 |
152 |
154 |
156 |
169 |
188 |
1059 |
Lakeland Real Estate average and median home prices
Average sales price in July: $147,904 – previous month: $145,767 – previous year July 08: $168,425
Median sales price in July: $130,000 – previous month: $125,000 – previous year June 08: $150,000
The graph below represents average and median prices in Lakeland for various categories.
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.
Let’s break it down for you to see the supply and demand for common properties for sale versus the distressed market in the Lakeland real estate market.
Common properties only – Inventory active and pending 1672 homes resulting in 16 month of supply.
Distressed properties – Inventory active and pending 768 homes resulting in an 11 month supply.
Distressed properties in Lakeland, Florida
For the month of July, distressed homes and bank-owned (REO) properties had a market share of 40% in the Lakeland Real Estate market. There were a total of 75 properties sold in July compared to 37 distressed Lakeland homes sold the year prior – 25% market share, according to Mid-Florida Regional MLS.
24 Distressed Homes Sold - average sold price $128,189 – median sold price $120,000
51 Bank-owned (REO) sold – average sold price $95,416 – median sold price $97,580
For a more detailed report, which includes an interactive map and graphs, please visit by clicking this link to my Lakeland Market Reports
Let’s take a look at last month sold report for the surrounding cities in Polk County:
Winter Haven - 82 properties sold - average sold price $106,536 - average $61.09 per sq.ft.
Bartow - 17 properties sold - average sold price $92,666 average $52.51 per sq.ft.
Mulberry - 10 properties sold - average sold price $117,631 - average $69.23 per sq.ft.
Auburndale – 15 properties sold - average sold price $125,509 - average $65.31 per sq.ft.
Polk City - 3 properties sold – average sold price $130,000 - $104.14 per sq.ft.
Lake Alfred – 2 properties sold – average sold price $81,500 - $44.25 per sq.ft.
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.
Authored by Petra Norris
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
