photo credit: Tom Hagerty for Lakeland Local

Seeing Double

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Quicksilver

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Whoa! Check it Out!

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Strawberry Shortcake

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Crash Test Runners

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Hoodies

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Autograph Smile

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

A Caught of Catchers

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Like This

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Determination

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Happy Fathers Day

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

The Thinker

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: J Welch for Lakeland Local

Can You Spot the Bike Rack?

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

A Little Shade

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

On the Hill

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Shauna Solomon

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Feeling the Music

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Play Ball

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Colors Not Seen Since Miami Vice

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

Dude

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Steel Wool

Respect and Honor

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

Lakeland real estate sales activity continuously increased the past few months and March showed great improvement. Although there were 235 Lakeland homes sold in March — a number I have not seen since 2007 — average and median prices took a double digit steep decline at about 14% from the previous year. – Petra Norris

CommunityWalk Map – Lakeland Homes Sold March 2010

Full Size Map: Lakeland Homes Sold March 2010

The report from Petra Norris at Lakeland Florida Living…

Lakeland real estate sales activity continuously increased the past few months and March showed great improvement. Although there were 235 Lakeland homes sold in March — a number I have not seen since 2007 — average and median prices took a double digit steep decline at about 14% from the previous year. Distressed properties are still driving down market values with over 54% of market share. I’m suspecting that as long as we have such high inventory in distress, home prices may still be vulnerable for at least this year.

Lakeland Homes sold in March: 235 – previous month: 152 – previous year March 09: 156 sold
March – average sales price $114,518
Previous month: $111,759 (2.47%) – previous year March 09: $135,224 (-15.31%)
March – median sales price $105,000
Previous month: $96,000 (9.38%) – previous year March 09: $121,750 (13.76%)

Lakeland homes sold that are priced right will sell quickly. In my analysis of last month activity shows that home owners, who have marketed their properties at the right price, achieve better results in less time. Here is a breakdown:

00-30 days – 93.2% average sold price/list price ratio
31-60 days – 97.54% average sold price/list price ratio
61-90 days – 95.44% average sold price/list price ratio
91-120 days – 94.87% average sold price/list price ratio
121+ days – 92.4% average sold price/list price ratio

Distressed properties in Lakeland, Florida
For the month of March, Lakeland’s real estate market of distressed homes had a market share of 54%. There were a total of 126 properties sold in February, according to Mid-Florida Regional MLS.

Lakeland Homes Sold March 2010

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

In my last month Lakeland Real Estate market report, I asked the question, “Will the roller coaster ride continue in 2010?” Folks, brace for a nose dive! Although there were 152 Lakeland homes sold in February, average and median prices took a double digit steep decline. Distressed properties are still driving down market values with over 55% of market share. — Petra Norris

CommunityWalk Map – Lakeland Homes Sold February 2010

Full Size Map: Lakeland Homes Sold February 2010

The report from Petra Norris at Lakeland Florida Living…

In my last month Lakeland Real Estate market report, I asked the question, “Will the roller coaster ride continue in 2010?” Folks, brace for a nose dive! Although there were 152 Lakeland homes sold in February, average and median prices took a double digit steep decline. Distressed properties are still driving down market values with over 55% of market share.

Lakeland Homes sold in February: 152 – previous month: 145 – previous year February 09: 125 sold
February – average sales price $111,759
Previous month: $126,320 (- 11.53%) – previous year February 09: $132,802 (-15.85%)
February – median sales price $96,000
Previous month: $112,900 (-14.97%) – previous year February 09: $125,000 (23.2%)

Lakeland homes sold that are priced right will sell quickly. In my analysis of last month activity shows that home owners, who have marketed their properties at the right price, achieve better results in less time. Here is a breakdown:

00-30 days – 96.87% average sold price/list price ratio
31-60 days – 95.64% average sold price/list price ratio
61-90 days – 92.35% average sold price/list price ratio
91-120 days – 97.03% average sold price/list price ratio
121+ days – 91.10% average sold price/list price ratio

Distressed properties in Lakeland, Florida

For the month of February, Lakeland’s real estate market of distressed homes had a market share of 56%. There were a total of 85 properties sold in February, according to Mid-Florida Regional MLS.

Lakeland Homes Sold February 2010

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

EL

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?

photo credit: Tom Hagerty for Lakeland Local

We’re Number 1

Lakeland Local and Metro I4 News have a new design.
When was the last time you visited?