Blog

Latest News From Lakeland Hometown Properties

Your Lakeland Weekly Market Stats for September 09th to September 15th, 2024

by Glenn and Tamara | Sep 16, 2024 | Market Stats

Here are your weekly stats for activity in Lakeland!

Homes currently for sale in Lakeland:

1,032–Last week we had 1,003 homes for sale. Inventory is RISING currently. We will see if it stays that way or if demand will bring that down. 158 of those homes have their own private pool or 15% of active homes for sale.

***66 of the 1,032 Active homes are new construction. That makes up 6% of the inventory. The new home construction in Lakeland is not nearly as high as in the rest of the county and is stable in that range. 158 homes were built in 2020 or newer which is 15%. Polk County’s new construction is in high demand and 1,410 of the 5,932 active homes(24%) are new builds and 2,173(37%) were built in 2020 are newer.

– 94 New Listings– Up from 73 last week!

– 54 New Contracts– Up from 48 last week!

– 63 Sold/Closed Homes– Up from 36 last week!

– $354,607 Average Sold Price

– $366,160 Average List Price($348,932 Avg. Active List Price)

– $196.54 Average Price Per Square Feet

– 45 Average Days on Market Before Contract

– 97% is List to Sales Price

Average sized home for the Solds are:

– 3 Bedroom

– 2 Bathrooms

– 1,784 Heated Square Feet

Largest sale for the week:

– 4 Bedrooms

– 2(Plus 2 Half Baths) Bathrooms

– 3,337 Heated Square Feet

– $1,225,000 Sales Price

– $1,400,000 List Price

– 88% List to Sale Percentage

– 31 Days on Market

– $367.10 Price Per Square Foot

– Located in 33810 and located off Simms Rd

– Buyer used Conventional financing to purchase the home

– The home had 17.20 Acres

Smallest sale for the week:

– 3 Bedrooms

– 1 Bathrooms

– 988 Heated Square Feet

– $100,000 Sales Price

– $165,000 List Price

– 61% List to Sale Percentage

– 54 Days on Market

– $101.21 Price Per Square Foot

– Buyer used Cash to purchase the home

– This home is located in 33811 and is an older home

– The listing agent is also the buyers agent on the sale

Thanks for taking the time to check out these stats. If you would like to speak to us about these, how they are trending this year compared to other years or want to speak about how we can help you, we would love to connect! Reach out today and lets set up a time to get together! Real estate is our passion!

#wearelakeland #lakelandhometownproperties #lakelandrealestate #communitymatters #bettertogether #movetolakeland #movetoflorida #lakelandmarketstats #smallbusinessbigdreams #smallbusinessbigheart

The Top Benefits of Buying a Multi-Generational Home

by Glenn and Tamara | Jan 25, 2024 | Lakeland Hometown Properties

Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to...

Are More Homeowners Selling as Mortgage Rates Come Down?

by Glenn and Tamara | Jan 24, 2024 | Lakeland Hometown Properties

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect...

3 Must-Do’s When Selling Your House in 2024

by Glenn and Tamara | Jan 23, 2024 | Lakeland Hometown Properties

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re...

Your Lakeland Weekly Market Stats for January 15th to January 21st, 2024

by Glenn and Tamara | Jan 22, 2024 | Market Stats

Here are your weekly stats for activity in Lakeland! Homes currently for sale in Lakeland: 716--Last week we had 715 homes for sale. Inventory is staying consistent in that range. 117 of those homes have their own private pool or 16% of active homes for sale. ***83 of...

Your Lakeland Weekly Market Stats for January 08th to January 14th, 2024

by Glenn and Tamara | Jan 20, 2024 | Market Stats

Here are your weekly stats for activity in Lakeland! Homes currently for sale in Lakeland: 715--Last week we had 695 homes for sale. Inventory is staying consistent in that range. 116 of those homes have their own private pool or 16% of active homes for sale. ***82 of...

The Dramatic Impact of Homeownership on Net Worth

by Glenn and Tamara | Jan 11, 2024 | Lakeland Hometown Properties

The Dramatic Impact of Homeownership on Net Worth If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal...