Lakeland Florida Homes for Sale - Weekly Update 02/15-02/21/09
Hi folks! Here are the numbers of my weekly update. The numbers of homes newly marketed have decreased from the previous week of 94 homes to 51 homes listed with area Realtors®. The average sales price for the newly listed homes is $184,268 or $91.35 per square foot.
Currently, Lakeland’s total inventory as of Wednesday, February 25th, 2009 continued to decline modestly to 2,199 homes listed for sale. The average sales price is $215,633 and with an average size of a home is 1,863 square feet, which calculates to $115.75 per square foot.
1 condominium listed at a sales price of $177,000
3 mobile homes listed with an average sales price of $54,900
47 single family homes with an average price of $192,680
Lakeland has seen a steady increase of its numbers for distress properties on the market. Such properties are found in every price range and this is the case with our priciest home newly listed. A 2007 custom built pool home by Mark Brown located in the Grasslands Golf Club Community; it features 4 bedrooms and 4 ½ baths with over 4,500 square feet of living space currently offered for $995,000. On the contrary, the cheapest home on the market newly on the market is a bank-owned 2 bedroom 1 bath home which is listed for $24,500 - $39.26 per square foot.
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Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
Hi Petra, just like in other markets the distressed home sales are not limited to the lower price ranges but on the contrary can be found at all levels giving buyers some very attractive choices at good prices!