Lakeland New Home Listings are Now Biweekly

CommunityWalk Map – Lakeland FL New Home Listings 06/28 to 07/12

Full Size Map: Lakeland FL New Home Listings 06/28 to 07/12

The Lakeland new home report by Realtor Petra Norris from the Lakeland Real Estate Blog:

The most important factor happening with the Lakeland real estate market is the supply. Currently, there are 1981 homes for sale in Lakeland. The last time I saw our inventory drop below 2000 was July 2006 – wow exactly 3 years ago.

Lakeland Homes for sale bi-weekly update! There were 146 homes newly listed in Lakeland with an average sales price of $181,430 or $95.71 per square foot with area Realtors®. The types of homes and average prices being actively marketed according to the Multiple Listing Services (MLS) are as follows:

3 duplex listed with an average sales price of $61,400
7 condos listed with an average sales price of $113,614
12 mobile homes listed with an average sales price of $86,191
6 Townhomes/Villas listed for $105,148
118 single family homes with an average price of $202,069

The priciest home that came newly on the market here in Lakeland, Florida is a 2002 Former Rutenberg Model home with an in ground pool that is located in the Eaglebrooke Golf Community; featuring 5 bedrooms and 4 ½ baths with almost 6,000 square feet of living space currently offered for $1,295,000. On the contrary, the cheapest home newly on the market is a 2 bedroom 1 bath property listed for only $18,000 – under $25.00 per square foot – located in Kellogg & Armstrongs Subdivision.

All 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”.

Take a look at the breakdown by zip code:

33801 – 16
33803 – 18
33805 – 13
33809 – 21
33810 – 20
33811 – 11
33812 – 10
33813 – 34
33815 – 03

Weekly update on distressed properties in Lakeland

A total of 487 properties are currently actively being marketed that are facing foreclosure. There were 55 Lakeland homes newly listed in the distressed category with average prices of $128,100 or $71.80 per square foot. Distressed homes are categorized as “Bank-Owned”, “Require 3rd party approval (Short Sale)”, “Pre-foreclosure”, and “In-Foreclosure”.