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Lakeland Real Estate Housing for November 2009

By
Managing Real Estate Broker with Lakeland Real Estate Group, Inc. BK646565

Lakeland Real Estate Housing for November 2009

Despite Polk County’s unemployment numbers in the double digits, Lakeland Florida sales activity continued strong for the month of November.

Lakeland Homes sold in November: 174 - previous month:  177 – previous year November 08: 106 sold

 

Lakeland Florida Real Estate Market November 2009

Which zip codes represents the most sales activities since January 2009?

Lakeland

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Grand Total

33801

20

12

15

21

13

16

17

12

20

27

20

193

33803

11

10

16

18

16

19

26

19

22

25

20

202

33805

12

11

12

9

5

10

14

14

8

14

12

121

33809

13

12

16

11

18

17

16

17

25

17

21

183

33810

25

31

34

31

46

37

40

33

42

46

43

408

33811

10

16

17

18

18

22

20

15

22

15

18

191

33812

10

5

8

13

7

9

16

15

10

9

13

115

33813

9

25

27

28

26

33

35

38

29

22

24

296

33815

5

3

7

5

7

6

4

3

5

2

3

50

Grand Total

115

125

152

154

156

169

188

166

183

177

174

1759

 

November - average sales price $122,590

Previous month: $115,952 (+ 5.7%) – previous year November 08: $159,241(-23%)

November - median sales price $119,000

Previous month: $107,000 (+11%) – previous year November 08: $142,500 (-16.5%)

The graph below represents average and median prices in Lakeland for various categories.

 LaLakeland Florida Real Estate Market November 2009

 

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.

 

Lakeland Florida Real Estate Market November 2009

Distressed properties in Lakeland, Florida

For the month of November, Lakeland’s real estate market of distressed homes and bank-owned (REO) properties had a market share of 53%. There were a total of 92 properties sold in November compared to 36 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

  • Average days on market (DOM) for bank-owned properties are 60 days
  • Average days on market (DOM) for other distressed properties are 158 days.

29 Distressed Homes Sold - average sold price $124,506 – median sold price $115,000

63 Bank-owned (REO) sold – average sold price $89,084 – median sold price $75,000

 

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.

 

Your Lakeland Home Search

Comments(1)

John Occhi
AZ Veteran Notary Services - Marana, AZ
Mobile Notary Public/Certified Loan Signing Agent

Glad to see Novemeber looking better than October - not always the case in any market.

Thanks for the update,

Merry Christmas,

John

Dec 18, 2009 09:50 AM