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Lakeland Florida Short Sale and Foreclosure Home Sales – September 2010

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

 

Lakeland Florida Short Sale and Foreclosure Home Sales – September 2010

 
For the month of September, the Lakeland FL real estate market of short sales and bank-owned (REO) home sales increased to 67% from the previous month. There were a total of 130 distressed homes sold, compared to 108 in August and 99 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
 
Currently there are a total of 1867 Lakeland FL homes for sale and 491 homes under contract (10/26/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed in which a buyer could walk away at any given time.
  

Lakeland FL bank-owned homes – Inventory share is 14,21%

Lakeland FL Short Sale homes – Inventory share is 28.03%

 

The Graph below compares home sales in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.

Lakeland FL Short Sales and Foreclosures  

Average days to Closing for bank-owned properties are 106 days
Average days to Closing for other distressed properties are 250 days. 
  

 

31 Lakeland FL Short Sale properties sold - average sold price $132,542 – median sold price $116,000

99 Lakeland FL Foreclosures (REO) sold – average sold price $83,008 – median sold price $55,000.

The graph below gives you a clear understanding where in Lakeland FL home sales have the most foreclosures and short sales.

Lakeland FL Short Sales and Foreclosures

Looking for a great deal on Lakeland Florida Short Sales and Lakeland foreclosures, feel free to contact me at petra@petranorris.com or click the search button below.



Lakeland FL Short Sale & Foreclosure Search

 

 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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Copyright © 2010 By Petra Norris *Lakeland Florida Short Sale and Foreclosure Home Sales – September 2010*

Comments (1)

Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

Petra , Thank you for the information and update on your area, Great work! Wishing you the best!

Oct 28, 2010 02:15 AM