Lakeland Florida Real Estate Market Report for November 2008 – Wonder how many Realtors® got paid?

Hi folks! November proofed to be one of the slowest months since January in sales history for this year with only 105 homes sold in Lakeland. Lakeland has about 135 homes sold average this year. I wonder how many Realtors® received a commission check in November or even this year alone. Let’s take a closer look how long it would take to sell all these homes? According to the Multiple Listing Service (MLS), there are currently over 2600 properties for sale and/or pending (waiting to close). At an average rate of only 135 homes being sold per month, it would take approximately 18 months to absorb Lakeland’s entire inventory without putting any new listings on the market. How long has your property been on the market?
Thinking about dropping the price – stop chase the market!

The average sold price for a Lakeland home in November decreased by 16% from the previous year of $184,486 to $160,282.

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 has decreased below 180,000 since the beginning of this year in Lakeland. The average sold price so far this year amounts to $165,000 in Lakeland.


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


Distressed properties are homes in pre-foreclosure, foreclosure, bank owned, as well as short sales – Of the 105 homes sold last month, 38 homes were sold with an average sales price of $123,287. Only 9 homes were sold the previous year, due to Short Sales and/or Foreclosures.

There are currently 502 homes facing foreclosure.

110 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 $142,945. The priciest home currently on the market is listed for $540,000 and the lowest priced home is $22,900.

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

Check out Florida Mortgage Blogger Kevin Sandridge blog regarding sales in Winter Haven – 56 properties sold – average sold price $126,969 – average $73.11 per sq.ft.

Bartow – 6 properties sold – average sold price $91,650 – average $59.13 per sq.ft.

Mulberry – 5 properties sold – average sold price $138,328 – average $82.83 per sq.ft.

Auburndale – 10 properties sold – average sold price $294,897 – average $94.29 per sq.ft.

Polk City – 3 properties sold – sold price $109,036 – $62.94 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 November 2008 – Wonder how many Realtors® got paid?

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

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

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Lakeland’s Harrison School For The Arts – Fall Piano Concert

 

Lakeland’s Harrison School For The Arts – Fall Piano Concert

The Harrison Piano Department, will present a concert on Thursday, November 13, 2008, on the main stage of the Lois Cowles Harrison Center for the Visual and Performing Arts, at 7:30 p.m.

Piano Students - Harrison School for the Arts

Photo was taken by Rebekah Haubry

The very talented piano students will play solo and ensemble literature, including Bach’s Brandenburg Concerto No. 3, 1st movement for 2 pianos and 8 hands, as well as Darius Milhaud’s Brazileira from Scaramouche for 2 pianos and 4 hands. Other works by Chopin, Brahms, Debussy and Prokofieff will be performed.

Piano Students - Harrison Arts Center

The Seniors from the visual arts department from the Harrison Arts Center will be joining the concert by providing visual interpretation of some of our concert pieces, which will be projected on stage as the pianists play.

 

Performers for the concert are Senior Pianists Bryce Bresnan, Tyler Campbell, Samantha Sokolski, Garrett Williams; Junior Pianists Mary Catherine Savant, Lorel Schmitzberger, Shelli Sokolski, Benjamin Vickers, Miranda Walls; Sophomore Pianists Amanda Callihan, Robert Fleitz, Angel Lee, James Maffett, Sabrina Morby, Matthew Oliver, Tyler Seymour; and Freshman Pianists Richard Anderson, Derik Thomas, Alvaro Ulloa.

Piano Students - Seniors - Harrison Arts Center

Photo was taken by Cathy Sokolski

Ticket prices are $5 for students/seniors and $7 for adults. For box office hours and online ticketing visit http://www.harrisonarts.com/. Tickets may be purchased on the Harrison secure site using a credit card and will include a nominal merchant fee. Remember to bring your e-ticket to the event. You may also purchase tickets at The Harrison Box Office which opens at the night of the concert at 6:00 p.m.

 

 

 

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

Lakeland’s Harrison School For The Arts – Fall Piano Concert

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 – Lake Mirror Classic Car Show 2008

If you have been strolling through downtown Lakeland’s First Friday where cars are on display, you will be in for a big surprise at the annual Mercedes-Benz Lake Mirror Classic. Lakeland expects an estimated 35,000 people wandering around Lake Mirror for the three day event which is considered as one of the best shows in the Southeast. This three-day charity event raises money for Lakeland’s non-profit group, such as the Junior Achievement of Polk County and the Boy Scouts of America. In it’s 9th year, the event has raised more than $175,000.00

The honorary chairman for this year’s Festival is the legendary NASCAR’s Hall of Famer Bobby Allison, who was the series champion in 1983 including victories at Daytona 500 and Winston Cup during his racing career.

What can you expect?

Friday, October 17th from 6:00 p.m. – 10:00 p.m. there will be a free Budweiser Hot Rod Rendezvous at the Lake Mirror Amphitheater with a free outdoor concert. The Hot Rod Rendezvous will benefit the Junior Achievement of Polk County

Saturday, October 18th from 10:00 a.m. – 4:00 p.m. Mercedes-Benz Lake Mirror Classic Auto Festival Concours d’Elegance:

The categories for the judges are:

  1. Brass Era Vehicles
  2. Pre-War Classics 1925-1942
  3. Pre-War Production Cars 1900 – 1942
  4. Post-War Production Cars 1945-1962
  5. Commercial Vehicles thru 1959
  6. Muscle Cars 1964-1972
  7. Domestic Sports Cars Thru 1972
  8. Foreign Sports Cars Thru 1972
  9. Cars of Particular Interest

Downtown Car Show – Downtown Lakeland

With 545 registered vehicles that includes 54 Ford Mustangs, 11 classic motorcycles, a special display of Allison’s 1974 Chevrolet Chevelle Laguna (No.12 Coca-Cola), The Intimidator Dale Earnhardt Sr.’s 1987 Chevrolet Monte Carlo (No. 3 Wrangler) and Harry Gant’s 1988 Chevrolet Monte Carlo (No. 33 – Skoal Bandit). The oldest car on display was built in 1910.



At noon, the now famous Tuxedo lunch parade; waiters from the Terrace Hotel will be lead by a Scottish bagpiper to Lake Mirror Park to serve lunch for participants in the car show.

Amphicar Splash-in at 1:00 p.m.

Awards Ceremony at 3:00 p.m.

At 7:00 p.m. a Mercedes-Benz Banquet featuring Honorary Chairman Bobby Allison. A catered dinner followed with a reminiscence of Bobby Allison’s NASCAR greatest moment in the motorsport career. Ticket is $60.00 per person.

Sunday, October 19th 2008 – Sunday Road Rally and Brunch

The road rally over the back roads of central Florida will conclude this spectacular festivity on Sunday morning, followed by a Brunch and prizes at the end of the rally.

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

Lakeland Florida – Lake Mirror Classic Car Show 2008

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 – First Friday’s Theme is Art Walk

The Downtown Lakeland Partnership prides itself of hosting and organizing First Friday. This monthly celebration offers a different theme each month. This family celebration of the “Dog Days of Summer” and “Back to School” were great success.

 

 

 

This month First Friday theme in Lakeland is “Art Walk”. I’m always impressed of what Lakeland has to offer with the art exhibits. I’ve visited various exhibits, such as the memorable Butterfly Exhibit in Munn Park and the Swan exhibit throughout Lakeland, which was well received within this community and I’m anxious to see another great art exhibit featuring sculptures. You be able to vote for your favorite sculptures displayed along Lemon Street Promenade. An opening reception for “Oncology on Canvas”, an exhibit of international art created by cancer patients, their families and health care providers, was announced by The Watson Clinic Foundation, Arts in Medicine and J. Rowan Galleries, Inc. Art Galleries throughout Downtown Lakeland will have art reception. 

Students from the Harrison School for the Arts will be performing in Munn Park, as well as performances from local artists bringing entertainment for the entire family along the streets. As always, during Lakeland’s First Friday, shops and restaurants stay open late. Are you a classic car show fanatic – then you’ll have plenty to see along Tennessee Avenue?

Newsflash – Update! Students from the Harrison School for the Arts have been rehearsing everyday for the upcoming Musical Theater performance “Pirates of Penzance this month. They will showcase their talents with a sneak preview at 6:30 p.m. 7:15 p.m. and 8:00 p.m.

 

The free event is October 3rd and starts at 6:00 p.m. – 9:00 p.m.

 

 

 

 

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

Lakeland Florida – First Friday’s Theme is Art Walk

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

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

ALDI Grand Opening in Lakeland Florida, Shopping Groceries – German Style

Driving north on Highway 98, located next to the restaurant Golden Corral I’m sure you noticed– there is a new kid in town.

ALDI – Are you wondering where the name originated? AL=Albrecht DI=Discount.

Here is a little history of the retail store ALDI for you. Brothers Theodore and Karl Albrecht took over their mother’s modest store at the end of WWII, creating ALDI what is thought to be the original discount store in Germany. Since 1975, ALDI South expanded to the United States and now we have the pleasure to welcome ALDI to Lakeland, Florida on September 25, 2008.

 

A typical ALDI store in northern part of Germany


 

Are you ready to shop German Style?

I remember when I grew up in Germany, my mom send me off with my grocery bag to the store to get items like sugar, milk, jam, and coffee at the local discount store. My parents never bought brand name items, always buying the store’s own name brands because there was considerable savings compared to other traditional stores and the quality of the products were just as equal. Grocery shopping in Germany is very different. German folks go grocery shopping almost on a daily basis by taking along shopping bags saving every cent there is to save by these straightforward grocery chains.

The store embraces a no-frills attitude here in Lakeland. There will be nobody bagging your groceries at check out, shopping carts are rentals and can only be accessed and operated when you deposit a Quarter (25-cent) in the cart’s lock. Most of ALDI’s products about 95% are made up of their own private label brands, which is why they are called a discount store with prices at its lowest – “Shop Smart Florida”. Products are presented efficiently on self-displaying cases on pallets or shipping crates keeping labor costs down. ALDI’s products have multiple UPC bar codes scanning dependable from every direction, so the cashier does not have to search for the code, which speeds up the process at check out.

Here is my recommendation. Before leaving your home, put a plastic or heavy duty box with handle in the trunk of the car. After you complete your shopping, all you have to do is put your groceries in the box you took with and bring them right into your house to put away. Saving on plastic bags, money, and helping the environment.

ALDI is located at 4745 US 98 Hwy N. – The store hours are Mon-Sat 8:00 a.m. – 9:00 p.m. Sundays 10:00 a.m. – 6:00 p.m.


 

Copyright © 2008 http://www.petranorris.com| All Rights Reserved|
 ALDI Grand Opening in Lakeland Florida, Shopping Groceries – German Style
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 – First Friday “Back to School”

Did you miss last month First Friday “Dog Days of Summer”? I had so much fun taking my grandkids to this fun-filled entertainment of music, shows, Lakeland’s K-9 police demo, and of course all the beautiful dogs. We enjoyed dinner at Crispers – perfectly created summer salad, awesome sandwich and great tasting soup and their kids meals are always a favorite with my grandson. We’ve listened to live music while eating and then made our way across to Munn Park to see the classic car show, did a little bit of shopping and watched the dogs happily wagging their tails. Check out the pictures and video of the K-9 police demo!

 

Wish you could own one of these beautiful classics?

  

 

 

Absolutely great time for the whole family

 

     

 

Check out the video – K-9 police demonstration

 
This month theme is “Back to School” – Just because Labor Day is traditionally celebrated the end of summer…. Downtown Lakeland has summer fun in store for you; honoring our educators, MidFlorida Federal Credit Union is sponsoring a $500 Downtown Dollar giveaway. How can you participate? Anyone working in any capacity with the Polk County Public Schools or private schools may register to win at the Downtown Lakeland Partnership, Inc. (DLP) booth located at the corner of Munn Park at Kentucky and Main Street.

 

Downtown Lakeland has so much to offer this weekend, from First Friday on September 5th to the two-day art festival on Saturday (6th) and Sunday (7th). Artists – local and national – showcase their artwork on South Kentucky Avenue starting at 10 a.m.

 

 

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

Lakeland Florida – First Friday “Back to School”

 

 

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

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

While You Were Sleeping, Hurricane Gustav is Making his Mark!

Posted On August 27, 2008

Filed under Miscellaneous
Tags: , ,

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Although it never became a Hurricane, Tropical Storm Fay broke a record by making landfall four times in Florida. While some counties are considered disaster areas here in Florida and still cleaning after Fay…… a much bigger fish – anticipated storm, Hurricane Gustav is being closely watched by the National Hurricane Center in Miami that could possibly reach category 3 and reach the Gulf of Mexico by the end of this week.

After watching and reading news reports there is no storm to be taken likely. Who would have thought that Fay would have such an impact here in Florida? This goes to show that every measure and precaution must be taken serious in order to survive this Hurricane season. Polk County Emergency Management provided this map of Polk County that outlines various shelters throughout Polk County along with important information you should know when a hurricane approaches. You can pick up valuable brochure by visiting your local Publix store.

 

 

 

 

 

 

 

 

 

 

 

Have you taken the necessary preparation yet?

Do you know where your nearest shelter is?

Polk County has a total of 44 shelters available

Did you think of your pets?

There are three pet friendly shelters – your pets should be current on their shots in order to stay at the shelter

Do you have special needs?

There are three special needs shelters in Polk County

Do you have 3-Day Survival Kit?

Do you know all the important Telephone Numbers?

Polk County’s Emergency Management Office Telephone number is (863) 534-5600. 

 

Stay safe during this hurricane season and seek shelter should you have to evacuate. Do not proceed to any shelter until you have confirmed that it is open and operating. For shelter information, stay tuned to your local radio and television stations.

 

 

 

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

While You Were Sleeping, Hurricane Gustav is Making his Mark!

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

PO Box 92050 – Lakeland, FL 33804-2050 –

Telephone (863) 619-6918

The General Store in Lakeland Florida – Where Nostalgia and Therapy is Alive

Posted On August 18, 2008

Filed under Lakeland, Localism
Tags: ,

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If you have not discovered Downtown Lakeland’s newest old store that has everything from Band-Aids & Fix-A-Flat to Marlboros & Toiletries, Ice Cream, Chick-O-Sticks & Moonpies to Gift Baskets, Pet Toy’s & Ice Cold Grape Crush, even Nostalgic Toys (no batteries required) & Historical Lakeland gifts, why don’t you join me and discover it now as I share with you the nostalgic of Lakeland, Florida’s only “real” General Store. Terisa Glover and Terry Lauretta, long time friends, decided in 2007 that it was now or never to open up what Downtown Lakeland really needed – Groceries, Sundries & Memories.
Located at 125 South Kentucky Avenue in historical downtown Lakeland, the store is within walking distance from Munn Park and Lake Mirror nestled in nearby children’s museum, hotels, restaurants, cafés and specialty shops like clothing, antiques, pottery and art galleries. Folks from all over the world have visited and purchased items from this General Store. People stop by and ask for directions or have questions, which are kindly answered with a smile on their face.

Within recent years and still ongoing, Lakeland’s downtown revitalization program shaped into bringing new businesses, apartments, condos and lofts. People, who spend their lunch time stop by grab a snack and say hello to Terisa and Sparky on their break. I asked Terisa what makes this store so special to the people, who live and work downtown Lakeland? She replied that this store is also therapy to people that work downtown Lakeland. She watched folks who are a little bit stressed, come to her store to sit outside in the rocking chair intensely rocking back and forth and then soon thereafter soothing to the gentle glide of the rocking chair before going back to work. So, if you are in need for some therapy, why don’t you “Come By and Rock a Spell”, have a session with “Sparky the Therapist” or play a game of checkers.

What makes this store so unique? It’s not about pricing or the extra value you would get if you compare The General Store with Wal-Mart or Target. It’s about personality of the people working in this store and about the store itself, a small locally owned business, which should be about patronizing because you want it to be successful. Location, location, location….. if you happen to be living, working or spending time downtown, you will soon realize that the nearest Wal-Mart, Publix and Target are not within walking distance, especially if you forgot to bring home milk or bread. Why not leave the stress driving with the car, contribute to the environment and your health by walking to the store. The very friendly clerk will surely appreciate your patronage.

View of the store as you walk in – stylish and decoratively well done!


Known for carrying items such as milk, bread, sodas, toys – no batteries required, the general store also has home grown items, such as Lakeland’s Countrybees honey, homemade salsas and grilling salsas like “Hot Wachula’s”.

Walking into the store the window greets you with its display of seasonally decorated items inviting you to take your family to the beach

and enjoy the rest of the summer.

The store’s great idea decoration of Rock City’s famous birdhouse shows beautiful detail.


See what the store has for you inside the birdhouse!


Looking for classics – filled with memories – look no further!


Meet Sparky (CFO – Chief Fuzzy Officer) – she loves being the stress reliever and always loves friendly attention.


One of Lakeland Florida unique gem “The General Store” is open Monday – Friday from 7:30 a.m. – 6:00 p.m. and Saturday from 10:00 a.m. – 5:00 p.m. Their phone number is (863) 688-5900 and they also have a MySpace page.

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

The General Store in Lakeland Florida – Where Nostalgia and Therapy is Alive

Petra Norris – CDV TransAtlantic, Inc. – Licensed Florida Real Estate Broker – P.O. Box 92050 – Lakeland, FL 33804-2050 – Telephone (863) 618-6919


Lakeland’s First Friday Event on August 1, 2008

 

 

 

 

Lakeland’s First Friday Event on August 1, 2008

 

 

 

Summer… ah – the dog days of summer. Your four legged friends will enjoy what downtown Lakeland has to offer. Absolutely fun, fun, fun …from doggie treats to Look-Alike contest – I’m sure there are similarities between a dog owner and their pet, agility activities and canine portrait; all that plus more on Lakeland’s First Friday downtown starting at 6:00 p.m. Bring your whole family downtown, you don’t want to miss it.

 

Great entertainment for the entire family to take pleasure in; eat, drink, shop and play with our local merchants such as Antiquarian Restaurant, Black and Brew, FastFrame, Fitz Gallery, The General Store and many more. Many local restaurants downtown have outdoor seating with shaded areas. For your pets, watering stations are located throughout downtown Lakeland to keep your pals hydrated. 

 

Did I mention “Live Entertainment”? Local artists like Bryan Rivers, The Phil Schneider Trio, Larry Pelton, Rick Olivo – Caricaturist/Sculptor/Artist, Catfish Whisle, Funopia – Ballon Artist, Billy Needs A Beard.

Also, a car show & DJ are on the streets of Tennessee Ave.

 

 

 

Check out the new artists for this month!

Matt Mays

 Jeff Moen

and

SPECIAL GUEST:

Carlos Bertonatti

 

Art and Entertainment experience!

 

Can’t have a “Dog Days of Summer” without McGruff the Crime Dog, who will be roaming the streets! K-9 Demos from Lakeland Police Department, Dog Obedience Demos and rescue dogs are available for adoption.

Don’t miss the last performance of Lakeland’s Community Theater “Godspell” this weekend July 25 – 27th. I guarantee, you will walk away pleasantly surprised by this performance.

 

 

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

Lakeland’s First Friday Event on August 1, 2008

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

PO Box 92050 – Lakeland, FL 33804-2050 – Telephone (863) 618-6919 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have we bottomed out here in Lakeland, FL?

Posted On June 28, 2008

Filed under Market Report
Tags: ,

Comments Dropped 3 responses

Let’s take a look at the overall picture for Polk County, Lakeland and the surrounding cities within Polk County, FL. There are currently over 7940 properties for sale in Polk County. Currently, 709 listings are pending (under contract); hence buyers and sellers are waiting to close escrow.

For the month of May, according to the Mid Florida Regional MLS the numbers for Polk County homes sold dropped to 449 from 570 properties sold the previous year. The average sold price for Polk County for May 08 was $169,029 compared to $198,980 in May 2007, a decrease by almost 18%.

Folks, have we bottomed out in my market area here in Lakeland? Lakeland has around 2370 properties for sale and the average listing price in Lakeland is currently $235,512, which amounts to $126.96 per square feet for an 1855 square feet home. The average sold price for the month of May 08 was $148,017 compared to last year’s number for May of $186,604; a decline of 26% with and average 174 days on the market. Doesn’t this look like we are at 2004 sold prices again?

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”.

 

Lakeland\'s Residential Real Estate for May 2008

Let’s see, how long would it take to absorb Lakeland’s current inventory of 2622 active and pending listings?

Lakeland sold 124 homes in the month of May. It would take about 91 weeks or 23 months to sell the current inventory. Not encouraging at all, however, keep in mind that this number is only an indicator on how long it takes to absorb and therefore, pricing the home you are selling is very crucial. Just take a look above at the average listing price and the average sold price for Lakeland – how long will it take to sell your house?

 

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

Winter Haven – 71 properties sold – average sold price $172,885 – average $99.19 per sq.ft.

Bartow – 11 properties sold – average sold price $96,706 – average $71.32 per sq.ft.

Mulberry – 15 properties sold – average sold price $205,660 – average $110.45 per sq.ft.

Auburndale – 17 properties sold – average sold price $142,874 – average $85.86 per sq.ft.

 

If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com

 

 

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

Have we bottomed out here in Lakeland, FL?

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

PO Box 92050 – Lakeland, FL 33804-2050 – Telephone (863) 619-6918

This blog is solely my point of view

 

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