Review of the Overall Polk County Existing Home Prices 2010 and Beyond 648 existing homes sold – a 35% increase from the previous month (481) sold homes in Polk County, FL. Overall median sales increased also by almost 6% to $89,900 for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for December 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 AUBURNDALE 105,992 93,000 28 BABSON PARK 136,750 136,750 2 BARTOW 58,431 45,000 13 BRADLEY 33,900 33,900 1 CLERMONT 53,475 53,475 2 DAVENPORT 127,656 113,950 120 DUNDEE 93,025 106,450 4 EAGLE LAKE 67,875 69,250 4 FROSTPROOF 78,722 100,000 9 HAINES CITY 110,877 102,500 37 INDIAN LAKE ESTATES 32,500 32,500 1 KISSIMMEE 132,730 90,000 27 LAKE ALFRED 41,625 35,750 4 LAKE WALES 80,361 58,000 26 LAKELAND 112,861 94,436 196 MULBERRY 101,299 107,700 20 POINCIANA 82,536 68,000 57 POLK CITY 77,333 60,000 3 WINTER HAVEN 101,040 72,000 94 Polk County’s overall existing home sales finished strong for this year of a total of 648 Polk County Homes sold in December. Average home prices have also slightly increased from the previous month to $107,050 by almost 1%. A look back in history of Polk County’s overall existing median home prices: · December 2006 – median price $188,450 (-54,55%) – 578 homes sold · December 2007 – median price $157,653 (-49.40%) – 368 homes sold · December 2008 – median price $122,000 (-33.07%) – 451 homes sold · December 2009 – median price $99,281 (-18.97%) – 640 homes sold What did Polk County Home Buyers buy? 125 home buyers bought at a price range of $49,999 and below 237 home buyers bought at a price range of $50,000 - $99,999 159 home buyers bought at a price range of $100,000 - $149,999 64 home buyers bought at a price range of $150,000 - $199,999 37 home buyers bought at a price range of $200,000 - $249,999 8 home buyers bought at a price range of $250,000 - $299,999 3 home buyers bought at a price range of $300,000 - $349,999 4 home buyers bought at a price range of $350,000 - $399,999 4 home buyers bought at a price range of $400,000 - $499,999 Let me break down December 2010 Polk County existing homes sales into various categories: · 554 Single family homes - median price $100,000 – 155 Average Days to Closing · 31 Town homes, villas and duplex units – median price $63,000 – 122 Average Days to Closing · 24 Condominiums – median sold price - $51,250 – 157 Average Days on Closing · 40 Modular, manufactured/mobile homes in park/out of park – median sold price $47,950 – 281 Average Days on Closing Overall Polk County’s Foreclosure and Short Sales Prices – December 2010! There were 249 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $122,500 with 181 average days to closing, which counted for almost 38.43% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 61.73% of our total sales in Polk County for the month of December. · 289 sold homes were foreclosures/REO Bank Owned – median price $65,000 – Average Days to Closing 105. · 111 sold homes were Short Sales – median price $93,000 – Average Days to Closing 265. A review of all the Polk County FL for 2010, I invite you to visit each month for a review. Polk County's Housing Prices for November 2010 Polk County's Housing Prices for October 2010 Polk County's Housing Prices for September 2010 Polk County's Housing Prices for August 2010 Polk County's Housing Prices for July 2010 Polk County's Housing Prices for June 2010 Polk County's Housing Prices for May 2010 Polk County's Housing Prices for April 2010 Polk County's Housing Prices for March 2010 Polk County's Housing Prices for February 2010 Polk County's Housing Prices for January 2010 Copyright © 2011 By Petra Norris *Review of the Overall Polk County Existing Home Prices 2010 and Beyond*
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
When I attend closings representing first-time home buyers and buyers moving from a different state taking permanent residency, the question about when is the deadline for filing homestead exemption always comes up and the short answer is:
Beat the rush and file 
When 
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What is a seller's market? For folks who are thinking about buying a home need to be aware and understand the definition of a seller's market. In a seller's market, home prices are generally higher therefore providing less value in the homes that are being purchased during that time. Low inventory and homes in great locations creating a bidding war amongst buyers that certainly can escalate the purchase price well above the listing price.