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Latest News From Lakeland Hometown Properties

Your Lakeland Weekly Market Stats for November 04th to November 10th, 2024

by Glenn and Tamara | Nov 12, 2024 | Market Stats

Here are your weekly stats for activity in Lakeland!

Homes currently for sale in Lakeland:

1,082–Last week we had 1,061 homes for sale. Inventory is staying steady currently. We will see if it stays that way or if demand will bring that down. 156 of those homes have their own private pool or 14% of active homes for sale.

***86 of the 1,082 Active homes are new construction. That makes up 8% 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. 172 homes were built in 2020 or newer which is 16%. Polk County’s new construction is in high demand and 1,539 of the 6,190 active homes(25%) are new builds and 2,305(37%) were built in 2020 are newer.

– 65 New Listings– Down from 81 last week!

– 50 New Contracts– Down from 54 last week!

– 37 Sold/Closed Homes– Down from 61 last week!

– $383,787 Average Sold Price

– $396,702 Average List Price($383,354 Avg. Active List Price)

– $209.85 Average Price Per Square Feet

– 68 Average Days on Market Before Contract

– 96% is List to Sales Price

Average sized home for the Solds are:

– 3 Bedroom

– 2 Bathrooms

– 1,835 Heated Square Feet

Largest sale for the week:

– 6 Bedrooms

– 3.5 Bathrooms

– 3,364 Heated Square Feet

– $849,000 Sales Price

– $849,000 List Price

– 100% List to Sale Percentage

– 34 Days on Market

– $252.38 Price Per Square Foot

– Located in 33813 and located in Village of Scott Lake

– Buyer used Conventional financing to purchase the home

– Seller Provided $5,000 closing cost credit to the buyer

Smallest sale for the week:

– 1 Bedrooms

– 1 Bathrooms

– 669 Heated Square Feet

– $112,000 Sales Price

– $120,000 List Price

– 93% List to Sale Percentage

– 43 Days on Market

– $167.41 Price Per Square Foot

– Buyer used Cash to purchase the home

– This home is located in 33803 and is a condo

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

Why Having Your Own Agent Matters When Buying a New Construction Home

by Glenn and Tamara | Feb 6, 2024 | Lakeland Hometown Properties

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Your Lakeland Weekly Market Stats for January 29th to February 04th, 2024

by Glenn and Tamara | Feb 5, 2024 | Market Stats

Here are your weekly stats for activity in Lakeland! Homes currently for sale in Lakeland: 782--Last week we had 740 homes for sale. Inventory is staying consistent in that range. 121 of those homes have their own private pool or 15% of active homes for sale. ***102...

Your Lakeland Weekly Market Stats for January 22nd to January 28th, 2024

by Glenn and Tamara | Feb 1, 2024 | Market Stats

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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

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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...