Lake Placid Florida Market Report

Lake Placid Residential Home Sales:

Residential Sales 2004 - 2009 on the local MLS.

Year / Number of Single Family Sales / Median Sale Price / Average Days On Market

2004 / 576 / $125,000 / 88

2005 / 554 / $179,900 / 99 // An increase in the median value of 43.9% from 2004.

2006 / 404 / $195,000 / 124 // An increase in the median value of 8.4% from 2005.

2007 / 280 / $170,000 / 156 // A decrease in the median value of 12.8% from 2006.

2008 / 228 / $135,000 / 182 // A decrease in the median value of 20.6% from 2007

2009 / 305 / $110,000 / 177 // A decrease in the median value of 18.52% from 2008

The 2009 figures end date is 12/31/2009. The only property type excluded are duplexes.

-- Active Listings: 341

-- Pending Sales: 44

-- Closed Sales: 267

267 / 12 = 22.25 Sales Per Month

341 / 22.25 = 15.33 Month Supply Currently Available In Lake Placid

As of 03/01/2009 the monthly supply was 24.9

As of 04/03/2009 the monthly supply was 23.1

As of 05/04/2009 the monthly supply was 23.6

As of 06/03/2009 the monthly supply was 22.9

As of 07/06/2009 the monthly supply was 20.35

As of 08/05/2009 the monthly supply was 19.0

As of 09/03/2009 the monthly supply was 18.0

As of 10/05/2009 the monthly supply was 16.8

As of 11/03/2009 the monthly supply was 15.9

As of 12/02/2009 the monthly supply was 16.05

As of 01/05/2010 the monthly supply was 15.33

-- Pending Sales: 5

-- Closed Sales: 28

Placid Lakes:

-- Pending Sales: 17

-- Closed Sales: 82

Sun N Lakes (L.P.):

-- Active Listings:

-- Pending Sales:

-- Closed Sales:

Sylvan Shores/Highlands Park:

-- Active Listings: 56

-- Pending Sales: 8

-- Closed Sales: 50

Tomoka Heights:

-- Pending Sales: 1

-- Closed Sales: 10

Lake June Pointe:

-- Active Listings: 6

-- Pending Sales: 0

-- Closed Sales: 2

This section will address properties that are listed on the local MLS as short sales, bank owned, corporate owned or

in foreclosure in Sebring Fl.  Only two sections will be provided with bank owned, corporate owned and in foreclosure being

considered the same type of listing. All residential properties are included. As of 01/05/2010 the local MLS has:

Lake Placid:

Active Bank Owned: 22

Pending Bank Owned: 8

Bank Owned Sales In The Past 12 Months: 67

Active Short Sales: 46

Pending Short Sales: 38

Short Sales Closed In The Past 12 Months: 24

The decline/increase over the last 12 months is figured as follows. This data does include all residential

Lake Placid

01/01/2009-06/30/2009 Total Sales: 143 Average Days: 178 Average Sales Per Month: 23.8

07/01/2009-09/30/2009 Total Sales: 80 Average Days: 171 Average Sales Per Month: 26.7

10/01/2009-12/31/2009 Total Sales: 79 Average Days: 185 Average Sales Per Month: 26.3