Overall Lakeland Fl Home Prices for August 2010

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

Overall Lakeland Fl Home Prices for August 2010

Overall Lakeland FL Home prices fell for the 3rd straight month to $115,431 in August.  However, the amount of homes sold increased to 187 from July’s home sales. Average and median prices continue to decline from the previous year.  While distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, August market share of distressed homes decreased to 57.75% from the previous months. 

Lakeland FL Home Prices - August 2010

Lakeland Homes sold in August: 187- previous month:  169 – previous year August 09: 166 sold
August – average sales price $115,431

Previous month: $116,042 (-0.53%) – previous year August 09: $136,324 (-15.33%)

August – median sales price $98,000
Previous month: $99,000 (-1.01%) – previous year August 09: $130,000 (-24.62%)

The graph below represents average and median home 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 FL Home Prices - August 2010

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

Lakeland FL Home Prices - August 2010

A total of 2488 Lakeland homes are currently (9/20/2010) for sale and under contract resulting in a 14 months supply, noticing that our inventory increased suggesting that supply continues to be greater than the demand

Let’s break it down for you to see the supply and demand for traditional homes for sale versus the distressed market in the Lakeland real estate market.
Traditional homes only – Inventory active and pending 1387 homes resulting in 19 month of supply.
Distressed properties – Inventory active and pending 1101 homes resulting in a 11 month of supply.

Distressed properties in Lakeland, Florida
For the month of August, Lakeland’s real estate market of distressed homes had a market share of 57.75%. There were a total of 108 Lakeland homes sold, according to Mid-Florida Regional MLS.

Check back soon for August’s 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 Fl Home Search

 

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Ambassador
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

All I can say is, any agent who works in your market deserves a medal. 

Our market is way down year over year for 3 years, but agents can still make a decent living if they can generate business.

Sep 20, 2010 04:48 AM #1
Rainmaker
709,157
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Lenn - I wish I could write about improvement in the Lakeland Real Estate Market or at least about a stable market and with record unemployment rates to 13.4% just released I'm afraid I will continue to report about a downward market. 

 

Sep 20, 2010 05:50 AM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Awesome market Petra! This will surely prove helpful to Lakeland buyers out there. You really are the finest Lakeland Fl short sale agent.
Oct 13, 2013 10:30 PM #3
Rainer
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Barbara Gregus
CARES Consumer Advantage Real Estate Services - Sandia Park, NM
Sandia Park Paa-ko Homes
Impressive work as always Petra. Congratulations! Keep it up
Nov 27, 2013 12:20 PM #5
Rainer
194,170
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate
Hello Petra, these are already good numbers but I'm sure 2014 will even be a better year.
Jan 08, 2014 09:45 PM #6
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Petra Norris

Realtor, Lakeland FL Homes for Sale
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