Overall Lakeland Florida Real Estate Housing for January 2010

By
Managing Real Estate Broker with Lakeland Real Estate Group, Inc. BK646565

Overall Lakeland Florida Real Estate Housing for January 2010

Last year’s overall Lakeland Florida Real Estate market was somewhat of a roller coaster ride with home prices up and down throughout the year.  Will the roller coaster ride continue in 2010? From the graph below you can see that Lakeland home prices have increased since October 2009 by almost 9%.

Lakeland Homes sold in January: 145 - previous month:  194 – previous year January 09: 115 sold

Lakeland Florida Real Estate Market

January - average sales price $126,320

Previous month: $123,866 (+ 2%) – previous year January 09: $130,334 (-3.08%)

January - median sales price $112,900

Previous month: $113,950 (-0.92%) – previous year January 09: $96,000 (17.60%)

The graph below represents average and median prices in Lakeland for various categories.  When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, townhomes, villas and duplex units. 

Lakeland Real Estate Market

 

What are the various average prices in each Lakeland zip code?

Lakeland Real Estate Report

Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded. 

 

Distressed properties in Lakeland, Florida

For the month of January, Lakeland’s real estate market of distressed homes and bank-owned (REO) properties had a market share of 60%. There were a total of 88 properties sold in January compared to 60 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.   After further evaluation of my Lakeland Real Estate Market and to my readers who follow the distressed market report closely deserve clarity.  Starting out with January’s Real Estate Report, the distressed market report will have its own report.  Please check back soon for your detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.

Lakeland Florida Home Search

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Florida Polk County Lakeland
Groups:
Market Updates
Central Florida
City and State
Local Expert
Market Reports
Tags:
housing market
market report
petra norris
lakeland florida real estate

Spam prevention
Show All Comments
Rainmaker
1,045,687
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi Petra..it may stay the same, Busy with Sales here, but resistance to price increases.

Feb 17, 2010 08:11 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
709,157

Petra Norris

Realtor, Lakeland FL Homes for Sale
Ask me a question
*
*
*
*
Spam prevention

Additional Information