Overall Polk County Existing Home Prices for October 2010
Polk County’s overall existing home sales and prices declined from the previous month for the month of October with a total of 557 properties sold. The number of homes sold for October was the second lowest for this year, reasoning the recent foreclosure moratorium. The decline in home prices remains a constant in the overall existing housing market. According to the Florida Association of Realtors®, Florida’s median housing prices for existing single family homes in October was $136,600 down 3% from the previous year.
The graph below represents average Polk County Existing Home Sales.
A look back in history of Polk County’s existing home prices:
- October 2006 – median price $191,982 (-55.72%) – 630 homes sold
- October 2007 – median price $174,900 (-51.40%) – 395 homes sold
- October 2008 – median price $130,000 (-34.62%) – 444 homes sold
- October 2009 – median price $99,000 (-14.14%) – 617 homes sold
557 existing homes sold – a 11% decrease from the previous month (624) sold homes in Polk County, FL.
Overall sales remained the same at $85,000 in Polk’s median price for existing homes from the previous month however, the Polk’s median home price from the previous year is showing a double-digit decline by 14.14%. Take a look at the city you live in and see what the numbers are for October 2010 for existing home sales - single-family homes, condominiums, manufactured homes, duplex, villas, and town homes -including distressed homes in Polk County. Please take note only sales recorded by Realtors® are taken into account. The source for this data is Mid-Florida Regional MLS Service; it is deemed reliable but not guaranteed.
City Average Sold Price Median Sold Price # of Homes Sold
|
ALTURAS |
34,111 |
34,111 |
1 |
|
AUBURNDALE |
104,162 |
89,900 |
19 |
|
BABSON PARK |
85,000 |
85,000 |
1 |
|
BARTOW |
59,244 |
31,777 |
15 |
|
DAVENPORT |
108,400 |
94,500 |
118 |
|
DUNDEE |
71,500 |
71,500 |
2 |
|
EAGLE LAKE |
123,275 |
123,275 |
2 |
|
EATON PARK |
20,000 |
20,000 |
1 |
|
FORT MEADE |
55,500 |
55,500 |
2 |
|
FROSTPROOF |
35,950 |
35,950 |
2 |
|
HAINES CITY |
93,040 |
83,000 |
27 |
|
KATHLEEN |
97,000 |
97,000 |
1 |
|
KISSIMMEE |
96,443 |
71,950 |
22 |
|
LAKE ALFRED |
146,940 |
69,300 |
5 |
|
LAKE HAMILTON |
29,000 |
29,000 |
1 |
|
LAKE WALES |
76,102 |
56,000 |
19 |
|
LAKELAND |
114,532 |
90,000 |
166 |
|
MULBERRY |
68,558 |
35,000 |
10 |
|
POINCIANA |
95,547 |
76,500 |
42 |
|
POLK CITY |
83,980 |
87,500 |
5 |
|
WINTER HAVEN |
92,886 |
82,875 |
96 |
Let me break down October 2010 Polk County existing homes sales into various categories:
- 463 Single family homes - median price $94,900 – 149 Average Days to Closing
- 24 Town homes, villas and duplex units – median price $75,300 – 176 Average Days to Closing
- 34 Condominiums – median sold price - $55,600 – 147 Average Days on Closing
- 36 Modular, manufactured/mobile homes in park/out of park – median sold price $42,750 – 1821 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – October 2010!
There were 199 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,000 with 162 average days to closing, which counted for almost 35.73% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 63.27% of our total sales in Polk County for the month of October.
- 252 sold homes were Bank Owned – median price $68,500 – Average Days to Closing 108.
- 106 sold homes were Short Sales – median price $86,500 – Average Days to Closing 237.
Copyright © 2010 By Petra Norris * Overall Polk County Existing Home Prices for October 2010*
Authored by Petra Norris
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
