Lakeland Florida Homes New on Market – Weekly Update for 01/11/09

My weekly update in a flash! The numbers of homes recently listed decreased from the previous week of 74 homes to 62 homes listed with area Realtors®. The total amount of current inventory also seen a decrease from the previous week to 2,304 homes listed for sale. The average sales price is $214,540 and with an average size of a home is 1,853 square feet, which calculates to $115.78 per square foot.

Types of homes newly listed:

3 condos with an average price of $164,933

7 mobile homes listed with an average sales price of $111,114

2 townhomes/villas with an average sales price of $202,450

50 single family homes with an average price of $202,450

Let’ break down the weekly update of Lakeland homes newly listed. The top of this week’s list is a 2007 custom designed home featuring 7 bedrooms – 6 baths with 6,000 square feet of living space offered at $950,000.00. This home is located in the gated community of Woodwind Hills. On the contrary, the cheapest home this week’s newly on the market is a 2 bedroom – 2 baths home and has over 1,000 square feet of living space; it is listed for $15,000 – $14.75 per sq.ft. located in the Palma Ceia Court subdivision. This home happens to be the 2nd cheapest home on the market in Lakeland, Florida.

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”.

The breakdown by zip code is as follows:

33801 – 05 at an average price of $97,940

33803 – 8 at an average price of $172,012

33805 – 06 at an average price of $86,383

33809 – 08 at an average price of $253,200

33810 – 08 at an average price of $151,737

33811 – 05 at an average price of $178,320

33812 – 07 at an average price of $301,932

33813 – 14 at an average price of $380,930

33815 – 01 priced at $30,000

Weekly update on distressed properties in Lakeland

The distressed home sales had an effect in recent months in all of Lakeland’s real estate market. With the steady decrease in home values and increase in distressed listings and sales never seen before; there has been a decrease of listings for sale from last week’s 24 properties to 18 homes newly listed. The average price for a home is $115,861 ($69.09 per square foot). Distressed homes are categorized as “Bank-Owned”, “Require 3rd 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.

Would you like to do your own search for properties? Look no further, click on the “Search for Homes” icon or contact me directly at (863) 619-6918

Copyright © 2009 http://www.petranorris.com| All Rights Reserved|

Lakeland Florida Homes New on Market – Weekly Update for 01/11/09

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

P.O. Box 92050 – Lakeland, FL 33804-2050

Telephone (863) 618-6919

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