Lakeland Florida Homes for Sale - Weekly Update 02/15-02/21/09
Hi folks! Here are the numbers of my weekly update. The numbers of homes newly marketed have decreased from the previous week of 94 homes to 51 homes listed with area Realtors®. The average sales price for the newly listed homes is $184,268 or $91.35 per square foot.
Currently, Lakeland’s total inventory as of Wednesday, February 25th, 2009 continued to decline modestly to 2,199 homes listed for sale. The average sales price is $215,633 and with an average size of a home is 1,863 square feet, which calculates to $115.75 per square foot.
1 condominium listed at a sales price of $177,000
3 mobile homes listed with an average sales price of $54,900
47 single family homes with an average price of $192,680
Lakeland has seen a steady increase of its numbers for distress properties on the market. Such properties are found in every price range and this is the case with our priciest home newly listed. A 2007 custom built pool home by Mark Brown located in the Grasslands Golf Club Community; it features 4 bedrooms and 4 ½ baths with over 4,500 square feet of living space currently offered for $995,000. On the contrary, the cheapest home on the market newly on the market is a bank-owned 2 bedroom 1 bath home which is listed for $24,500 - $39.26 per square foot.
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