Lakeland Florida Homes for Sale Listed 03/08 to 03/14


Full size map Lakeland FL New Home Listings 03/08 to 03/14

The report from Petra Norris at Lakeland Real Estate Blog

There were 73 homes newly listed in Lakeland with an average sales price of $194,453 or $95.50 per square foot. Following the inventory in recent month, the numbers have been steady at about 2,200 properties currently for sale according to the Multiple Listing Services (MLS).

Let’s give the inventory some perspective – during the height of the market around June 2005 our inventory was at 473 homes and the months of supply was at 1.16. In February of 2008, the property inventory grew to over 3,000 home, that translates to approximately a 28 month of supply. We continue experiencing a high volume of inventory, but all in all we are reaching the levels of 2006.*

Amongst the newly listed properties, here is a breakdown of category:

3 ½ duplex listed for sale at $79,966
1 condo is listed at a sales price of $89,900
3 mobile homes listed with an average sales price of $122,766
2 townhomes/villas with an average sales price of $126,250
67 single family homes with an average price of $206,385

The priciest home that came newly on the market is a 1948 luxury pool home located in the historic Lake Hollingsworth neighborhood; featuring 5 bedrooms and 3-2 ½ baths with over 5,200 square feet of living space currently offered for $1,025,000. On the contrary, the cheapest home newly on the market is a 3 bedroom 1 bath bank-owned home in the Hilltop Heights subdivision, listed for $49,900 – just under $60.00 per square feet.

The breakdown by zip code is as follows:

33801 – 07
33803 – 12
33805 – 06
33809 – 11
33810 – 10
33811 – 07
33812 – 03
33813 – 16
33815 – 04

There are 28 newly distressed properties being offered for sale listed this past week at an average price for a home is $122,489 ($73.35 per square foot).

* – ED. Due to an error, yearly figures were corrected 3/18 at 9 am