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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

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