Lakeland Florida Homes New on Market – Weekly Update for 12/07/08

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

December 16, 2008 12:11 AM

Lakeland Florida Homes New on Market - Weekly Update for 12/07/08

Hi fellow readers, as we getting closer to the Holiday Season, fewer homes are being listed as it shows in this week's report that 56 homes were newly listed with area Realtors® compared to the 63 homes listed the previous week. There are currently a total of 2,399 homes for sale in Lakeland, Florida. The average sales price is $217,515 and the average size of a home is 1,854 square foot, which calculates to $117.32 per square foot.

Types of homes newly listed:

1 condo newly listed at $170,000

5 mobile homes listed with an average sales price of $83,080

50 single family homes with an average price of $229.732

With every weekly update of newly listed homes in the Lakeland area, I always provide you with some details on the priciest home that came on newly on the market as well as the cheapest home. The top of this week's list is a former 2000 Parade Home winner built by Mark Hulbert; it is a 5 bedroom 4 and ½ bath pool home, featuring over 4,600 square feet of living space and being offered for $1,490,000. It is located on Banana Lake in the Highlands-By-The-Lake community. On the bottom of the list and also this week's cheapest home newly on the market is a 3 bedroom 1 bath home listed for $36,000; it is located in the Palma Ceia Court subdivision. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include "For Sale By Owner". All my reports are illustrated by zip codes and the map provide you a better guidance when searching for homes in Lakeland, Florida.

The breakdown by zip code is as follows:

33801 - 05 at an average price of $128,920
33803 - 10 at an average price of $169,370
33805 - 02 at an average price of $60,500
33809 - 08 at an average price of $187,025
33810 - 09 at an average price of $175,871
33811 - 05 at an average price of $129,780
33812 - 03 at an average price of $686,600
33813 - 11 at an average price of $322,463
33815 - 03 at an average price of $92,633

Weekly update on distressed properties in Lakeland

The distressed home market has seen a decrease in properties being offered for sale from last week's 23 properties to 17 properties newly listed. The average price for a home is $131,832 ($88.10 per square foot). Distressed homes are categorized as "Bank-Owned", "Require 3^rd party approval (Short Sale)", "Pre-foreclosure", and "In-Foreclosure".

For more information on the location of the properties, pricing and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.

Like what you see - want additional details on a specific property? Look no further, click on the "Search for Homes" icon or contact me directly at (863) 619-6918