Although sale prices continue to impact our real estate market negatively for the month of September, Lakeland sales activity peaked for the second time this year.
Lakeland Homes sold in September: 183 - previous month: 166 – previous year September 08: 158 sold
Which zip codes represents the most sales activities since January 2009?
|
Lakeland
|
Jan
|
Feb
|
Mar
|
Apr
|
May
|
Jun
|
Jul
|
Aug
|
Sep
|
Grand Total
|
|
33801
|
20
|
12
|
15
|
21
|
13
|
16
|
17
|
12
|
20
|
146
|
|
33803
|
11
|
10
|
16
|
18
|
16
|
19
|
26
|
19
|
22
|
157
|
|
33805
|
12
|
11
|
12
|
9
|
5
|
10
|
14
|
14
|
8
|
95
|
|
33809
|
13
|
12
|
16
|
11
|
18
|
17
|
16
|
17
|
25
|
145
|
|
33810
|
25
|
31
|
34
|
31
|
46
|
37
|
40
|
33
|
42
|
319
|
|
33811
|
10
|
16
|
17
|
18
|
18
|
22
|
20
|
15
|
22
|
158
|
|
33812
|
10
|
5
|
8
|
13
|
7
|
9
|
16
|
15
|
10
|
93
|
|
33813
|
9
|
25
|
27
|
28
|
26
|
33
|
35
|
38
|
29
|
250
|
|
33815
|
5
|
3
|
7
|
5
|
7
|
6
|
4
|
3
|
5
|
45
|
|
Grand Total
|
115
|
125
|
152
|
154
|
156
|
169
|
188
|
166
|
183
|
1408
|
Lakeland Real Estate average and median home prices
September - average sales price $129,025
Previous month: $136,325 (-5%) – previous year September 08: $164,462 (-22%)
September - median sales price $121,000
Previous month: $130,000 (-7%) – previous year September 08: $149,900 (-19%)
Prices peaked during the summer month and with fall on the horizon home prices are dropping.
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.
Distressed properties in Lakeland, Florida
For the month of September, distressed homes and bank-owned (REO) properties had a market share of 54% in the Lakeland Real Estate market. There were a total of 98 properties sold in September compared to 43 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
- Average days on market (DOM) for bank-owned properties are 85 days
- Average days on market (DOM) for other distressed properties are 183 days.
27 Distressed Homes Sold - average sold price $147,775 – median sold price $116,400
71 Bank-owned (REO) sold – average sold price $95,380 – median sold price $72,500
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.
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR 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 real estate landscape and all it has to offer.
;)
;)
Hi Petra...Wow lots of Facts complied in this post about your real estate market.
Cheers