Lakeland Florida Homes for Sale – Weekly Update on New Listings 01/25/09 – 01/31/09

Weekly information for newly listed homes for sale in Lakeland! The numbers of homes newly marketed showed a decline from the previous week of 70 homes to 67 homes listed with area Realtors®. The total amount of current inventory as of Tuesday, February 3rd, 2009 declined to 2,242 homes listed for sale. The average sales price is $215,889 and with an average size of a home is 1,863 square feet, which calculates to $115.88 per square foot.

Types of homes newly listed:

3 mobile homes listed with an average sales price of $82,600

9 townhomes/villas listed with an average sales price of $124,773

55 single family homes with an average price of $243,596

Remember there is a home for every buyer! The priciest home that came newly on the market is a 1995 two-story home estate with over 8 acres; it has 5 bedrooms and 6 baths, featuring over 5,300 square feet of living space and is currently offered for $1,275,000. Did you know that Lakeland has currently 25 homes that are priced over $1 Million?  On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath home listed for $49,900 – $69.99 per square foot; it is located in the Lake Bonny Heights subdivision. Just to give you a little perspective – there are currently 57 homes for sale for less than $50,000.

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”.  Rather than to break it down by the ever changing school zones, I give you a break down by zip code and the results are as follows:

33801 – 01 at an average price of $122,450

33803 – 07 at an average price of $346,815

33805 – 04 at an average price of $120,950

33809 – 10 at an average price of $163,820

33810 – 14 at an average price of $149,832

33811 – 06 at an average price of $235,550

33812 – 05 at an average price of $503,400

33813 – 16 at an average price of $221,062

33815 – 03 at an average price at $136,333

Weekly update on distressed properties in Lakeland

Currently there are 452 Lakeland homes for sale in the distressed category with average prices of $139,440. Of the 452 properties, there were 18 newly listed homes. 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 for Sale – Weekly Update on New Listings 01/25/09 – 01/31/09

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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Lakeland Florida Homes Newly Listed – Weekly Update for 01/18/09

Are you ready to see what has been newly listed this past week in Lakeland?

Folks, here is a quick run down of whats out there! The numbers of homes newly marketed had an upwards trend from the previous week of 62 homes to 70 homes listed with area Realtors®. The total amount of current inventory held steady to 2,300 homes listed for sale. The average sales price is $214,506 and with an average size of a home is 1,853 square feet, which calculates to $115.76 per square foot.

Types of homes newly listed:

2 Duplex listed at an average price of $79,900

3 condos with an average price of $237,666

2 mobile homes listed with an average sales price of $71,400

1 townhome/villa listed with sales price of $115,000

62 single family homes with an average price of $207,497

Remember there is a home for every buyer! The top of this week’s list is a 2006 pool home featuring 4 bedrooms – 3 baths with 3,200 square feet of living space and it’s being offered for $659,900.00. This home is located in the gated community of Crescent Woods. On the contrary, the cheapest home this week’s newly on the market is a 3 bedroom – 1 bath home, it has over 1,400 square feet of living space; it is listed for $19,900 – WOW, only $13.65 per sq.ft. it is located in the Pinewood Park 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”.  Rather than to break it down by the ever changing school zones, I give you a break down by zip code and the results are as follows:

33801 – 07 at an average price of $79,900

33803 – 14 at an average price of $251,985

33805 – no newly homes listed

33809 – 05 at an average price of $143,900

33810 – 13 at an average price of $169,445

33811 – 04 at an average price of $177,700

33812 – 10 at an average price of $201,137

33813 – 14 at an average price of $267,421

33815 – 03 at an average price at $92,300

Weekly update on distressed properties in Lakeland

Over the past months home sales continue to increase in 2009.  The number of listings for sale dropped slightly from last week’s 18 properties to 16 homes newly listed. The average price for a home the just came on the market last week is $111,768 ($74.25 per square foot). There are currently 485 properties currently offered for sale in every price range from $15,000 – $750,000 – in almost every neighborhood.  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 Newly Listed – Weekly Update for 01/18/09

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

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

Telephone (863) 618-6919

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

Lakeland Florida – Real Estate Market Report for December 2008

Prices kept on falling at its lowest in December! Well folks, care for the numbers….Lakeland’s average sold prices dropped to $134,365, a 30% stumble from the previous year. This is the lowest I’ve seen so far closing out this eventful year of foreclosure crisis, wall street and main street crisis, mortgage mess and bail outs.

The average square foot of the sold homes for December was $76.03 per sq. ft., compared to the listing price of $81.36 per sq. ft. in Lakeland which is within the approximate numbers of our neighboring cities, such as Winter Haven, Auburndale, Bartow, Mulberry, and Polk City.

Although real estate agents have a tendency to say that December is one of the slowest months of the year. Home sales by the numbers however have increased by 15% – 135 homes sold from the previous month in Lakeland. An increase of 15% in number of home sales though it is an average number.

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 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”.


For more information on the location of these sold properties in Lakeland, price 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.


Check out the graph here, overall the average list price is just about over $140,000 since the beginning of this year in Lakeland. The average sold price so far this year amounts to $134,000 in Lakeland.

Lakeland 2008 Average Sold Homes Ytd


The graph below will give provide detail information of how many homes sold in Lakeland by Zip Code and by month.

Lakeland Homes Sold by Zip Code 2008

Distressed properties are homes in pre-foreclosure, foreclosure, bank owned, as well as short sales – a continuous increase of distressed homes sales will certainly affect the real estate market and home values in Lakeland. Of the 135 homes sold last month homes 51 homes were sold with an average sales price of $123,543 compared to only 16 homes that were sold the previous year, due to Short Sales and/or Foreclosures.

There are currently 491 homes facing foreclosure.

139 homes are in pending status waiting for bank or lender approval to close.

What is the average price for these types of homes?

In Lakeland, you will find distressed properties in every price category. The average price currently listed is $139,627. The priciest home currently on the market is listed for $750,000 and the lowest priced home is $15,000.

Let’s take a look at last month sold report for the surrounding cities in Polk County:

Winter Haven – 59 properties sold – average sold price $126,543 – average $70.26 per sq.ft.

Bartow – 12 properties sold – average sold price $126,362 average $70.77 per sq.ft.

Mulberry – 7 properties sold – average sold price $145,755 – average $80.05 per sq.ft.

Auburndale – 16 properties sold – average sold price $172,696 – average $82.83 per sq.ft.

Polk City – 6 properties sold – average sold price $130,408 – $72.75 per sq.ft.

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.


Copyright © 2008 http://www.petranorris.com| All Rights Reserved|

Lakeland Florida – Real Estate Market Report for December 2008

Petra Norris – CDV TransAtlantic, Inc. – Licensed Florida Real Estate Broker –

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

Lakeland Florida Homes New on Market – Weekly Update for 01/04/09

Hi fellow readers! It’s Tuesday and time for my weekly update on newly listed properties in Lakeland. The numbers of homes recently listed increased considerably from the previous week of 36 homes to 74 homes listed with area Realtors®. The total amount of current inventory also increased slightly from the previous week to 2,323 homes listed for sale. The average sales price is $215,987 and with an average size of a home is 1,854 square feet, which calculates to $107.94 per square foot.

Types of homes newly listed:

3 condos with an average price of $138,233

7 mobile homes listed with an average sales price of $104,857

4 townhomes/villas with an average sales price of $116,175

60 single family homes with an average price of $116,175

 

Please keep in mind that my weekly update is only for Lakeland homes.
Let’s see which home is listed the most expensive and the lowest price home in terms of pricing. Drum roll please…. the top of this week’s list is a 1999 pool home featuring 4 bedrooms – 3 ½ baths and has almost 4,000 square feet of living space offered at $1,300,000.00. This custom-built home is located in the Highlands-By-The-Lake subdivision and has the view of Banana Lake. On the contrary, the cheapest home this week’s newly on the market is a HUD 3 bedroom 2 bath home and has over 1,400 square feet of living space; it is listed for $51,900 located in the Alafia River Basin 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”. 

The breakdown by zip code is as follows:

33801 – 06 at an average price of $97,783

33803 – 05 at an average price of $200,220

33805 – 04 at an average price of $157,450

33809 – 11 at an average price of $168,143

33810 – 14 at an average price of $203,371

33811 – 12 at an average price of $164,516

33812 – 04 at an average price of $552,450

33813 – 15 at an average price of $336,027

33815 – 03 at an average price of $74,933

Weekly update on distressed properties in Lakeland

The distressed home market has seen also a significant increase in properties being offered for sale from last week’s 13 properties to 24 homes newly listed. The average price for a home is $137,991 ($74.06 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 01/04/09 

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

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

Telephone (863) 618-6919

Lakeland Florida – Review of the Real Estate Market in recent Years

Hi Folks! Look at these numbers below – don’t they speak for itself about today’s Lakeland Real Estate Market? Annual numbers of sold homes have seen a sharp drop since 2005 and last year 2008 did not give me an indication that the statistics will change much in 2009. The annual numbers of sold homes continued to decline by 21% from the previous year.

How long will it take to absorb the current inventory (Absorption Rate)?

Normal Market – Absorption Rate is between 5 and 6 months.

Sellers Market – Absorption Rate is lower (1-4 months)

Buyers Market – Absorption Rate is higher (7+ months)

There is an average of 2,300 homes currently on the market in Lakeland. Taking into consideration last year’s number – 1624 homes sold in Lakeland, Florida; it would take approximately 17 month to sell its present inventory – a true buyers market.

Too many choices – Are you paralyzed?

Do you fear home buying?

Lakeland’s average sold prices declined by 18% in 2008; predicting a continued decline due to a significant increase in the distressed home sales market.

Do you suffer from “House Karma”?

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

Lakeland Florida – Review of the Real Estate Market in recent Years

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

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

Telephone (863) 618-6919

Lakeland Florida Homes New on Market – Weekly Update for 12/28/08

Hi fellow readers, here is my weekly update on newly listed properties in Lakeland. The numbers of homes recently listed were down from the previous week of 46 homes to 36 homes listed with area Realtors®. The total amount of current inventory dropped slightly from the previous week as well to 2,306 homes listed for sale. The average sales price is $215,543 and the average size of a home is 1,854 square feet, which calculates to $116.26 per square foot.

Types of homes newly listed:

2 condos with an average price of $134,450

2 mobile homes listed with an average sales price of $199,900

1 townhome/villa offered for sale at $139,900

31 single family homes with an average price of $182,185

 

Let me point out that my weekly update of the newly listed homes only pertains to Lakeland homes only.
Details on the priciest home that came on the market as well as the cheapest home – The top of this week’s list is a 2004 pool home; it features 4 bedrooms – 2 ½ baths and has over 3,300 square feet of living space being listed for $549,900. This custom-built home is located in the Grandview Landings subdivision. On the contrary, the cheapest home this week’s newly on the market is a two-story 3 bedroom 1 bath home listed for $18,900 located on Vermont Avenue; a home for under $15.00 per square foot. 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 – 04 at an average price of $58,325

33803 – 05 at an average price of $171,670

33805 – 02 at an average price of $129,950

33809 – 04 at an average price of $279,925

33810 – 10 at an average price of $226,800

33811 – 02 at an average price of $111,400

33812 – No homes were newly listed

33813 – 06 at an average price of $217,266

33815 – 03 at an average price of $63,566

Weekly update on distressed properties in Lakeland

The distressed home market has seen also a slight decrease in properties being offered for sale from last week’s 16 properties to 13 properties newly listed. The average price for a home is $97,361 ($61.41 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 12/28/08 

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

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

Telephone (863) 618-6919

Lakeland Florida Homes New on Market – Weekly Update for 12/21/08

Hi fellow readers, it’s Tuesday and time for my weekly update on newly listed properties in Lakeland. The numbers of homes recently listed were down from the previous week of 59 homes to 46 homes listed with area Realtors® However; there is still an abundance of inventory of homes available – currently a total of 2,391 homes are for sale. The average sales price is $215,028 and the average size of a home is 1,845 square foot, which calculates to $116.55 per square foot.

Types of homes newly listed:

No duplex or condominium units were listed last week

4 mobile homes listed with an average sales price of $102,350

1 townhome/villa offered for sale at $124,980

41 single family homes with an average price of $192,653. 

Let me point out to with my weekly update of the newly listed homes in the Lakeland area, some details on the priciest home that came on the market as well as the cheapest home. The top of this week’s list is a 2005 pool home; it features 3 bedrooms/4 baths and has over 5,800 square feet of living space being offered for $1,499,900. This multi-story home is located in the Lone Palm Golf community. On the contrary, the cheapest home this week’s newly on the market is a 3 bedroom 1 bath home listed for $29,900; it is located in the College Hill subdivision – WOW! A home for under $22.00 per square foot. 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 $159,980

33803 – 04 at an average price of $238,850

33805 – 05 at an average price of $78,060

33809 – 03 at an average price of $185,666

33810 – 17 at an average price of $153,311

33811 – 02 at an average price of $196,450

33812 – 02 at an average price of $204,450

33813 – 03 at an average price of $180,166

33815 – 05 at an average price of $356,380

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 18 properties to 16 properties newly listed. The average price for a home is $127,962 ($79.17 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.

 

 

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

 

 

 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved 

Lakeland Florida Homes New on Market – Weekly Update for 12/21/08

 

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

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

Telephone (863) 618-6919

Lakeland Florida Homes New on Market – Weekly Update for 12/14/08

Hi fellow readers, newly listed homes were up from the previous week of 56 homes to 59 homes listed with area Realtors® There are currently a total of 2,409 homes for sale in Lakeland, Florida. The average sales price is $216,379 and the average size of a home is 1,848 square foot, which calculates to $117.09 per square foot.

Types of homes newly listed:

1 ½ duplex listed at $109,000

1 condo newly listed at $152,500

3 mobile homes listed with an average sales price of $77,125

4 townhomes/villas offered for sale at $120,081

50 single family homes with an average price of $184,062.

 

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 2008 Rick Strawbridge home built in 2008; it has a 5 bedroom 5 bath and features 3,600 square feet of living space being offered for $669,900. It is located in the Crescent Woods community. On the contrary, the cheapest home this week’s newly on the market is a 2 bedroom 1 bath HUD home listed for $12,350; it is located in the Baxter J W 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 – 03 at an average price of $112,833

33803 – 06 at an average price of $230,926

33805 – 08 at an average price of $141,399

33809 – 08 at an average price of $188,200

33810 – 10 at an average price of $148,481

33811 – 07 at an average price of $167,746

33812 – 01 listed for $265,000

33813 – 06 at an average price of $370,933

33815 – 09 at an average price of $78,005

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 17 properties to 18 properties newly listed. The average price for a home is $109,701 ($72.87 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.

 

 

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

 

 

 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved| 

Lakeland Florida Homes New on Market – Weekly Update for 12/14/08 

Petra Norris – Realtor®

Licensed Florida Real Estate Broker

CDV TransAtlantic, Inc.

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

Telephone (863) 618-6919

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 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.

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

Copyright © 2008 http://www.petranorris.com| All Rights Reserved

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

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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