Lakeland Hills is a planned community located on the East Hill, just north of Lake Tapps. It sits right on the King County and Pierce County dividing line.
It's an interesting area to observe, from a real estate standpoint, simply because there's such a wonderful mix of new construction, townhouses, single family homes in "condo" style, where the lots are small but the homes are detached, and some older homes with larger lots and fantastic views.
In Lakeland, it's common to see amazing views of both the Cascades and Mt. Rainier, and then off to the west to see the Kent/Auburn valley and the Olympics out in the distance. Absolutely gorgeous area.
As with many communities, at the moment there's a mix of brand new construction combined with an sad mix of short sale and bank-owned properties. Since I live in and specialize in the Auburn area, I've tried to keep tabs on exactly what's happening in Lakeland -- which homes are selling (or not) and whether they're being sold by private owners or relocation companies, compared to new construction sales, bank owned or short sales.
Builders are doing well in Lakeland, although they're offering some fierce incentives at the moment. A few short sales are closing, but, again like many other areas, the bank owned properties are dictating prices to get inventory off the market.
Don't hesitate to give me a call or shoot me a message if you have any questions, comments, or input! I'm all ears!!
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