State of the Market Jan- March 24th

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

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?

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!

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

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

"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

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)