Lakeland Fl Real Estate Update – Overall Home Sales for November 2010

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

Lakeland Fl Real Estate Update – Overall Home Sales for November 2010


Average overall Lakeland Florida home sales increased to $120,073 for the month of November compared to October 2010.  Only 133 Lakeland homes have sold which represents the lowest number for this year. November market share of distressed homes decreased to 55% from the previous month. The majority of Lakeland home buyers bought homes below $200,000.  Notably, with almost 32% of Lakeland home buyers purchased homes within the price range between $50,000-$99,999.

Lakeland Florida Overall Home Sales


Lakeland overall homes sales in November

133 - previous month:  166 – previous year November 09: 175 sold

November – average sales price $120,073

Previous month: $114,532 (4.84%) – previous year November 09: $123,033 (-2.41%)

November – median sales price $102,000

Previous month: $90,000 (13.33%) – previous year November 09: $120,000 (-15.00%)


The graph below represents average and median home sales for November 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, town homes, villas and duplex units.

Lakeland Florida Overall Home Sales


What was the average sales price 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 home sales have exceeded.

Lakeland Florida Overall Home Sales

A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2379.  From the chart below you can see the housing trend with respect to Supply and Demand - Absorption Rate. 

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.

Lakeland Florida Overall Home Sales - Supply & Demand

Lakeland Fl Home Sales - Traditional (only) - Supply and Demand

Lakeland Florida Overall Home Sales - Supply & Demand


Lakeland Fl Homes Sales - Distressed (Bank-owned/Short Sales - Supply and Demand

Lakeland Florida Overall Home Sales - Supply & Demand

Distressed properties in Lakeland, Florida

For the month of November, Lakeland’s real estate market of distressed homes had a market share of 54.89%. There were a total of 73 homes sold in November, according to Mid-Florida Regional MLS.


Check back soon for November’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 Homes for Sale


 

 

 

 


I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.

 

Subscribe to my Active Rain Blog   Facebook  LinkedIn  Follow me on Twitter Virtual Tours & Videos  Subscribe to LakelandFloridaLiving.com  Lakeland Florida Real Estate

Copyright © 2010 By Petra Norris *Lakeland Fl Real Estate Update – Overall Home Sales for November 2010*

 

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
Dedicated Bloggers
Local Expert
Market Reports
Tags:
statistics
petra norris
lakeland fl home sales
lakeland fl home prices

Spam prevention

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