Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Lakeland Florida Short Sale and Foreclosure Market Report – December 2010
 
Lakeland Florida Short Sale and Foreclosure Market Report – December 2010
 
For the month of December, the Lakeland real estate market of short sales and bank-owned (REO) properties market share increased to 61.03% from the previous month. There were a total of 119 distressed homes sold, compared to 73 in November and 103 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
 
Currently there are a total of 2344 Lakeland FL homes for sale and 470 homes under contract (01/24/2011). 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.
 
Bank owned properties – Inventory share is 17.79% Short sale properties – Inventory share is 26.92%   
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 109 days Average days to Closing for other distressed properties are 258 days.    
 
39 Lakeland FL Short Sale properties sold - average sold price $116,299 – median sold price $96,000
 
80 ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention