Lakeland Real Estate Blog by Petra

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Lakeland Real Estate Market Update for August 2009

Lakeland real estate sales activity decreased for August, there were 166 homes sold down 12% from the previous month of 188. While prices are also lagging behind the numbers from last year, home sales increased by 27% from August 2008 in Lakeland, Florida.

While the median prices held steady for August at $130,000 for homes sold in Lakeland when compared to the previous month. Average sold prices decreased to $136,324 ($73.75 per sq.ft.) or 8% from the previous month and 13% from the previous year, respectively for Lakeland Real Estate.

Average Lakeland Sold price for August 2008 – $155,918– decrease of 13%

Median Lakeland sold price for August 2008 – $140,000 – decrease of 7%

Distressed properties in Lakeland, Florida

For the month of August, distressed homes and bank-owned (REO) properties had a market share of 45% in the Lakeland Real Estate market.......

For more detailed information including graphs, spreadsheet and maps, please continue to read by clicking here.

 

 

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.

 

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Comments

Mmmm....I find statistics from your area to be very informative.    Florida, Arizona, Nevada, California...they are like "canary in the mine" markets, I think, and are bellweathers for other areas.  

Posted by Sea to Sky Premier Properties (Salt Spring) 11 months ago

I would think that much of the decrease in sales prices from the previous year has much to do with the increased number of distressed sales.

Posted by Karl Peidl - Accredited Loan Consultant 11 months ago

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