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Lakeland Florida Homes for Sale – Weekly Update on New Listings 01/25/09 - 01/31/09

By Petra Norris

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

February 03, 2009 01:18 AM

Lakeland Florida Homes for Sale - Weekly Update on New Listings 01/25/09 - 01/31/09

Weekly information for newly listed homes for sale in Lakeland! The numbers of homes newly marketed showed a decline from the previous week of 70 homes to 67 homes listed with area Realtors®. The total amount of current inventory as of Tuesday, February 3^rd, 2009 declined to 2,242 homes listed for sale from the previous week. The average sales price is $215,889 and with an average size of a home is 1,863 square feet, which calculates to $115.88 per square foot.

Types of homes newly listed:

3 mobile homes listed with an average sales price of $82,600

9 townhomes/villas listed with an average sales price of $124,773

55 single family homes with an average price of $243,596

Remember there is a home for every buyer! The priciest home that came newly on the market is a 1995 two-story home estate with over 8 acres; it has 5 bedrooms and 6 baths, featuring over 5,300 square feet of living space and is currently offered for $1,275,000. Did you know that Lakeland has currently 25 homes that are priced over $1 Million? On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath home listed for $49,900 - $69.99 per square foot; it is located in the Lake Bonny Heights subdivision. Just to give you a little perspective - there are currently 57 homes for sale for less than $50,000.

The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include "For Sale By Owner". Rather than to break it down by the ever changing school zones, I give you a break down by zip code and the results are as follows:

33801 - 01 at an average price of $122,450

33803 - 07 at an average price of $346,815

33805 - 04 at an average price of $120,950

33809 - 10 at an average price of $163,820

33810 - 14 at an average price of $149,832

33811 - 06 at an average price of $235,550

33812 - 05 at an average price of $503,400

33813 - 16 at an average price of $221,062

33815 - 03 at an average price at $136,333

Weekly update on distressed properties in Lakeland

Currently there are 452 Lakeland homes for sale in the distressed category with average prices of $139,440. Of the 452 properties, there were 18 newly listed homes. Distressed homes are categorized as "Bank-Owned", "Require 3^rd party approval (Short Sale)", "Pre-foreclosure", and "In-Foreclosure".

For more information on the location of the properties, pricing and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

Would you like to do your own search for properties? Look no further, click on the "Search for Homes" icon or contact me directly at (863) 619-6918