Lakeland FL Short Sale and Foreclosure Market Report – September 2011
For the month of September, the Lakeland real estate market of short sales and bank-owned (REO) properties has declined. There were a total of only 86 distressed homes sold that were in some kind of distress, compared to the 107 homes the previous month and 132 home the previous year.
Current inventory for Lakeland foreclosures as of 10/30/11 is at 83, while 74 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 - 16 homes
$50,000 - $99,999 - 14 homes
$100,000 - $149,999 - 8 homes
$150,000 - $199,999 - 1 homes
$200,000 - $249,999 - 2 home
$250,000 - $259,999 - 1 home
Current inventory for Lakeland Short Sales as of 10/30/11 is at 348 homes, while 325 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 - 12 homes
$150,000 - $199,999 - 4 homes
$250,000 - $259,999 - 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 137 days
Average days to Closing for other distressed properties are 236 days.
44 Lakeland FL Short Sale properties sold - average soldprice$95,053 – median sold price $91,600.
42 Lakeland FL Foreclosures (REO) sold – average sold price $77,082 – median sold price $63,500.
Low Lakeland 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 foreclosure. Don’t be fooled, putting your home on the market as a short sale may be your best option and buyers who are frustrated in the bidding war against investors are willing to look at buying 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 – September 2011*
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
Hi Petra. This is an excellent short sale and foreclosure market report for Lakeland Fl! It only shows how expert you are in Lakeland, knowledgeable as Lakeland Fl short sale agents and how advantageous it will be for sellers to contact you as their agent. Great job!
This is a wonderful market report for short sales and foreclosures. Its good to see the 200k and under bracket is still moving well. I am looking forward to the day when everything starts moving again. As the Lakeland Short Sale Agent, you keep your clients very well informed. Thanks for sharing.
Petra, this is a comprehensive market report on foreclosures and short sales for Lakeland FL...as Lakeland FL short sale agents your expertise in handling short sales through the process is a huge asset for your clients...nice share!
Hi Petra. As always, your market reports present intensive details about your area that makes it a must read by every buyer and seller in Lakeland. Thanks for sharing a short sale and foreclosure market report -- there is no doubt that you are the right Lakeland Fl Short Sale Agents to hire!