Lakeland FL Short Sale and Foreclosure Market Report – April 2011
For the month of April, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold increased to 58.60% from the previous month. There were a total of 126 distressed homes sold, an increase from the previous months and 116 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
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 146 days
Average days to Closing for other distressed properties are 258 days.
39 Lakeland FL Short Sale properties sold - average sold price $113,069 – median sold price $97,850.
89 Lakeland FL Foreclosures (REO) sold – average sold price $81,893 – median sold price $75,500.
Looking for a great deal on Lakeland FL Short Sales and Lakeland FL foreclosures, feel free to contact me at petra@petranorris.com or use the interactive map here below for your convenience.
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 – April 2011*
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