Lakeland Real Estate Snapshot for September 2009

Although sale prices continue to impact our real estate market negatively for the month of September, Lakeland sales activity peaked for the second time this year.

Lakeland Homes sold in September: 183 - previous month: 166 – previous year September 08: 158 sold

Which zip codes represents the most sales activities since January 2009?

Lakeland	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Grand Total
33801	20	12	15	21	13	16	17	12	20	146
33803	11	10	16	18	16	19	26	19	22	157
33805	12	11	12	9	5	10	14	14	8	95
33809	13	12	16	11	18	17	16	17	25	145
33810	25	31	34	31	46	37	40	33	42	319
33811	10	16	17	18	18	22	20	15	22	158
33812	10	5	8	13	7	9	16	15	10	93
33813	9	25	27	28	26	33	35	38	29	250
33815	5	3	7	5	7	6	4	3	5	45
Grand Total	115	125	152	154	156	169	188	166	183	1408

Lakeland Real Estate average and median home prices

September - average sales price $129,025

Previous month: $136,325 (-5%) – previous year September 08: $164,462 (-22%)

September - median sales price $121,000

Previous month: $130,000 (-7%) – previous year September 08: $149,900 (-19%)

Prices peaked during the summer month and with fall on the horizon home prices are dropping.

The graph below represents average and median prices in Lakeland for various categories.

What are the various average prices 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 sold prices have exceeded.

Distressed properties in Lakeland, Florida

For the month of September, distressed homes and bank-owned (REO) properties had a market share of 54% in the Lakeland Real Estate market. There were a total of 98 properties sold in September compared to 43 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.

• Average days on market (DOM) for bank-owned properties are 85 days
• Average days on market (DOM) for other distressed properties are 183 days.

27 Distressed Homes Sold - average sold price $147,775 – median sold price $116,400

71 Bank-owned (REO) sold – average sold price $95,380 – median sold price $72,500

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.