Why Lakeland?

Year End Numbers For Lakeland

2008-12-30T06:39:00.000-08:00

8 Properties in Lakeland Closed and Sold
18 Properties have Pending Contracts
205 Properties are on the market in Lakeland

Lakeland Real Estate History
Year 1998- Average sale price was $169,000
Total Year Sales 95
Highest Price: $400,000.00

Year 2008
Average sales price: $292,618.00
Total Year Sales: 210
Highest Price:$900,000.00

November 28- Numbers for Lakeland Overall- and Happy Thanksgiving

2008-11-28T08:30:00.001-08:00

All info according to the mls: (November 28th, 2007- November 28th, 2008)

Price Range in Lakeland $100,000-$250,000
58 Current Active Properties For Sale
8 Contract Pending Properties
71 Homes Sold

Price Range in Lakeland $250,001-$500,000
106 Current Properties For Sale
12 Contract Pending Properties
55 Home Sold

Price Range in Lakeland $500,000-$1,000,000
45 Current Properties For Sale
3 Contract Pending Properties
5 Homes Sold

Summer Stats so Far

2008-08-20T07:33:00.000-07:00

Lakeland Stats
January 2008- August 21, 2008

Price Range $120,000-$250,000

43 Homes for Sale- Active
Average Days on Market is 82

12 Pending
Average Days on Market is 66

42 Sold
Average Days on Market is 40
Average Price per sq ft: $92.63

That is good number for Lakeland!!!!

Staging Strategies-Begins with......

2008-05-15T12:35:00.000-07:00

Landscaping- Many of the homeowners that I helped have update their homes on the inside with luxury finishing touches. When selling your home for maximum value- you must have those sizzle features. When bacon sizzles on a frying pan- the aroma makes me think of only good and delicious thoughts. First, you have to get the pan, than turn on the heat, put the bacon on the pan, and then enjoy. It is a process, like staging your home.

The bacon may be your new granite counter tops, new floors, or closet system, and the buyer will notice those touches, however if the stage is set with curb appeal than your buyers will walk in, smell the aroma and think only good thoughts. But without the curb appeal- you just have bacon, uncooked, greasy, no aroma...bacon.

Remember the curb appeal- it is an absolute essential.

Lakeland Estate Homeowners

2008-04-04T09:00:00.000-07:00

We have been invited to speak at the Lakeland Estates Homeowners Meeting on April 27th 2:00 P.M. at the International Harvester-

My Topic will be "How to update your home and not lose your money"

Raise the roof
Knock Down Walls
Remodel your kitchen and bathroom
Add a master bathroom
Landscaping (New mulch, trim the hedges, and green grass (curb appeal)
Smooth Ceilings
Paint Walls-
Visit Model Homes
Put in Wood Floors (Laminates and Tile)

The homes in Lakeland Estate range in age from 30 years old to brand new and we will cover how to the older homes can take advantage of the new construction prices.

State of the Market Jan- March 24th

2008-03-24T10:01:00.000-07:00

Here are the stats for Lakeland Homes this quarter:
26 Pending Contracts with an average price of $352,145
36 Sold Properties at an average price $257,392
Active Properties For Sale
31 Homes for sale between $500-$1.2 Million
147 Homes for sale between $250,000-$500,000
39 Homes for sale between $142,000-$250,000

Total 217 homes for sale in Lakeland

Lakeland- Year in Review

2008-01-07T12:03:00.001-08:00

There are currently 180 properties for sale in the city of Lakeland with an average days on market of 127 and average price of $392,678.

There are currently 17 properties under contract or pending at an average sale of $270,000.

For the year- according to the MLS- Lakeland had 222 Sold with an average days on market of 65, and an average price of $306,276.

Wow- what a year Lakeland!!!

School Changes, Stonebridge for Sale, Change is good?

2007-12-13T08:44:00.000-08:00

Change is constant! It touches everything in life and so change is affecting Lakeland. The school board will change the boundary lines for the elementary and middle schools for our kids in Lakeland. When I heard of these changes my first reaction was negative- only because I was in a comfort zone with regard to where my children were going to attend school. I didn't know anything about the Bon Lynn Middle School or Berret's Chapel Elementary school. We live in an age where information is available and we can become more informed about subjects in a shorter period of time than any other time in our history. www.scsk12.org is the website to find out the proposed changes- and it also features information regarding the schools- you can e-mail the principal and other staff at the schools. Stonebridge golf course is still for sale and so far no takers- but the city is currently studying the pros and cons for the city purchasing the property. Why Lakeland will update the information as soon as we know more.

Stonebridge- So much potential! What does the future hold for you!

2007-11-07T11:13:00.000-08:00

As a resident of Lakeland, and specifically Stonebridge, I am in awe of the organization of our local Home Owner's Associations. On Saturday there was a meeting to find ways to better communicate news on crime, neighborhood watch reports, lost dogs, etc. The residents there had many ideas on the delivery and I am confident that we will find the right way. It is great to see a local community be pro-active in preventing crime by strengthening the communities. I believe that is vital for Stonebridge and Fairway Meadows to begin Home Owner's Associations in each community to organize and to have strength in numbers when it comes to decisions on Shelby County School re-zoning, the future of Stonebridge golf course, and keeping no city taxes.

Lakeland Parade of Homes

2007-10-23T15:14:00.001-07:00

For those looking for new homes or those wanting great ideas on what to use when updating your homes- the Memphis Parade of Homes is in it's final weekend. The communities where you can visit these home are Oakwood, Cool Springs, Winstead Farms, and Ivy Creek. The hours are from 1-6 on Saturday and 1-6 on Sunday.

See you than-

Lakeland State of the Market Part 2

2007-10-10T11:44:00.000-07:00

"Given that the real estate market across the nation has been soft recently, how do these inventory numbers for Lakeland compare to previous housing inventory numbers for the area?"

This question was posed to us last week from our previous post-Here is a breakdown of inventory compared to Lakeland:

Lakeland-

current homes for sale 209 (107 of these homes are built 2005-2007)
current pending sales 24
174 Homes Closed (74 homes built 2005-2007)

Bartlett

Current Homes for Sale 536
Current Pending Homes 63
468 Homes closed this year

Germantown

Current Homes for sale 290
Current Pending Homes 42
339 Homes closed this year

Collierville

Current Homes for sale 469
Current Pending Homes 52
509 Homes closed this year

Memphis

Current homes for sale(over $110) 2450
Current Pending 251
1571 Homes closed this year

Lakeland- total current state of the market

2007-10-03T08:59:00.000-07:00

Lakeland-

current homes for sale 209 (107 of these homes are built 2005-2007)
current pending sales 24
174 Homes Closed (74 homes built 2005-2007)

Woodland Park Update

2007-09-24T07:34:00.000-07:00

There are seven properties for sale in the Woodland Park Community.
The average price for a home on the market here is $156,485- the average Days on Market is 32 days for these homes.
There is one pending property in Woodland Park at a price of $146,000.

So far this year (2007)- 12 properties have sold in Woodland Park- at an average price $157,944, an average days on market of 27 days, and average price per square foot of $102.43!

In 2006 23 properties sold at an average price of $151,391, and average days on market was 50 days!

Existing and New Construction

2007-09-20T13:46:00.000-07:00

New Construction in Lakeland-
87 Currently for sale
Price Range $239,000-$899,900
12 Currently Pending

Existing in Lakeland (Year built 1960-2005)
138 Currently For Sale
13 Pending
Price Range
$132,000-$1 Million

We do not know the current inventory of builder lots in Lakeland or those communities that are asking for approval.

Current State of the Market

2007-09-20T07:46:00.000-07:00

The average price of a home that is currently for sale in Lakeland is $381,824.
(Do to New Luxury Homes in Lakeland)

There are currently 202 homes in Lakeland for sale.

There are currently 21 homes that have a Pending contract!

To date since January 2007-September 20th 150 homes have closed in Lakeland!
The average price of these homes is $295,092
The average price per square foot is $105.75
The average days on market is 52 DAYS!

Any other specific information- please feel free to post and we can answer!

Welcome to Why Lakeland Blog

2007-09-20T07:39:00.000-07:00

This blog is informational and interactive for the residents and future residents in the City of Lakeland. This blog is brought to you by and presided over by Oak Grove Realty, LLC, Michael Stansbury, Sammy Stover, and Andrea Lee. The content in this blog will be related to Real Estate exclusively in Lakeland and the communities inside the city limits. If you have a question regarding Real Estate in Lakeland, Please Post- we would love the opportunity to answer or opine!