The Lakelands property market recorded a median dwelling price of $800,000 in August, 16.8% higher than 12 months earlier. Twenty total sales were recorded and 26 properties were listed for sale.
The median time to sell was 24 days. The Lakelands land market was also active, with a median price of $333,000 and 11 land sales recorded.
The Lakelands rental market recorded a median rent of $670 per week. Thirty-three properties were leased, with a median leasing period of only 16 days.
What This Means
Lakelands continues to record meaningful sales, land and rental activity. Buyers researching property for sale in Lakelands have a range of options, while the volume of leases provides investors with useful evidence of current rental activity.
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