Lakeland Fl Homes for Sale – Overall Home Sales for January 2011

By
Managing Real Estate Broker with CDV TransAtlantic, Inc. BK646565

 

Lakeland Fl Homes for Sale – Overall Home Sales for January 2011

 

Average overall Lakeland Florida home sales took a nose dive to $94,095 for the month of January compared to the previous month.  The last time I saw average sales price like this was April 2001 at $89,607.  I don’t have the numbers prior to 2001, since our Multiple Listing Service provides data for ten years.  

 

169 Lakeland Fl houses that have sold in January which also decreased from the previous month of December of 197.  January market share of distressed homes rose to 67% from the previous month. 

 

Lakeland FL Homes for Sale - Overall Home Sales for January 2011

 

Lakeland overall homes sales in January

169 - previous month:  197 – previous year January 10: 144 sold

January – average sales price $94,095

Previous month: $112,466 (-16.33%) – previous year January 09: $125,635 (-25.10%)

January – median sales price $77,500

Previous month: $93,972 (-17.53%) – previous year January 09: $111,950 (-30.77%)

 

The graph below represents average and median home sales for January in Lakeland, Fl for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units for sale.

 

Lakeland FL Homes for Sale - Overall Home Sales for January 2011

 

 

What was the average sales price 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 home sales have exceeded.

 

Lakeland FL Homes for Sale - Overall Home Sales for January 2011

 

 

A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2319 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending).  From the chart below you can see the housing trend with respect to Supply and Demand and the overall absorption rate for the Lakeland, FL housing market.

 

Lakeland FL Homes for Sale - Overall Home Sales for January 2011

 

 

Distressed properties in Lakeland, Florida

 

For the month of January, Lakeland’s real estate market of distressed homes had a market share of 67.46%. There were a total of 114 homes sold in January, according to Mid-Florida Regional MLS.

 

Check back soon for January’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

 

I have been reporting on Lakeland FL Homes for Sale and provided my readers with a comprehensive market report for homes that have sold on a monthly basis. Check out these monthly reports:

 

December 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

 

November 2010 Lakeland Fl Homes for Sale - Overall Housing Market Report

October 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

September 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

August 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

July 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

June 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

May 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

April 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

March 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

February 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

January 2010 Lakeland FL Homes for Sale - Overall Housing Market Report

 

For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.

 

For your Lakeland Fl Home Search, just click on the picture below - the possibilities are endless.

 

Lakeland FL Homes for Sale - Search for your next home

 

 

I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.

 

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Copyright © 2011 By Petra Norris *Lakeland Fl Homes for Sale – Overall Home Sales for January 2011*


 


 

 

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Rainer
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Mitch Gover
BidOnRealty.com - Orlando, FL

And the hits just keep on comin'.  Thanks for a well put together and informative post.  Have a great evening.

Feb 22, 2011 06:10 PM #1
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Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Wow, this is an awesome market report.  I can see why it's so effective.  You provide a lot more charts and graphs than I do.

Feb 24, 2011 09:33 PM #2
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Petra Norris
CDV TransAtlantic, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Mitch - thanks for stopping by to comment.  January certainly was not a good month for Lakeland's housing market :)

Margaret - I do love to do market reports :)

Feb 25, 2011 06:41 AM #3
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Rainmaker
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Petra Norris

Realtor, Lakeland FL Homes for Sale
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