Polk County FL - Overall Existing Home Prices– November 2011
Overall Average Polk County existing home prices decreased from the previous month to $103,394 by 4% as well as the previous year by 2%. Overall existing median prices of $89,000 fell slightly by 1% from October 2011. However, compared to the previous year, the median price rose by almost 6%. Polk County’s overall existing number of home sales in November dropped off a bit to a total of 541, compared to 553 Polk County Homes sold in October 2011.
A look back in history of Polk County’s overall existing median home prices compared to November 2011 median price of $89,000:
November 2005 - median price $185,000 (-51.89%) - 723 homes sold
November 2006 – median price $187,000 (-52.41%) – 573 homes sold
November 2007 – median price $168,000 (-47.02%) – 377 homes sold
November 2008 – median price $126,992 (-29.92%) – 371 homes sold
November 2009 – median price $104,500 (-14.83%) – 593 homes sold
November 2010 – median price $84,000 (5.95%) – 498 homes sold
Take a look at the city you live in and see what the numbers are for November 2011 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 |
72,364 |
69,875 |
16 |
|
BABSON PARK |
49,000 |
49,000 |
1 |
|
BARTOW |
58,972 |
56,501 |
12 |
|
BRADLEY |
21,000 |
21,000 |
1 |
|
CLERMONT |
85,833 |
55,500 |
3 |
|
DAVENPORT |
123,005 |
121,000 |
117 |
|
DUNDEE |
59,986 |
72,000 |
7 |
|
EAGLE LAKE |
76,400 |
61,000 |
5 |
|
FORT MEADE |
45,000 |
45,000 |
2 |
|
FROSTPROOF |
56,333 |
55,000 |
3 |
|
HAINES CITY |
107,988 |
105,000 |
23 |
|
KISSIMMEE |
138,888 |
79,750 |
8 |
|
LAKE ALFRED |
45,150 |
45,150 |
2 |
|
LAKE HAMILTON |
40,750 |
40,750 |
2 |
|
LAKE WALES |
95,542 |
81,250 |
24 |
|
LAKELAND |
109,606 |
95,000 |
181 |
|
MULBERRY |
92,602 |
72,000 |
17 |
|
POINCIANA |
100,889 |
85,000 |
41 |
|
POLK CITY |
94,014 |
60,000 |
7 |
|
WINTER HAVEN |
91,534 |
75,000 |
69 |
What did Polk County Home Buyers buy?
109 home buyers bought at a price range of $49,999 and below
206 home buyers bought at a price range of $50,000 - $99,999
125 home buyers bought at a price range of $100,000 - $149,999
57 home buyers bought at a price range of $150,000 - $199,999
23 home buyers bought at a price range of $200,000 - $249,999
13 home buyers bought at a price range of $250,000 - $299,999
4 home buyers bought at a price range of $300,000 - $349,999
1 home buyers bought at a price range of $350,000 - $399,999
1 home buyers bought at a price range of $400,000 - $499,999
0 home buyers bought at a price range of $500,000 - $599,999
2 home buyers bought at a price range of $600,000 - $699,999
Most of Polk County home buyers paid cash, in fact almost 55% of all home buyers in Polk County paid cash.
Let me break down November 2011 Polk County existing homes sales into various categories:
- 450 Single family homes - median price $98,000 – 171 Average Days to Closing
- 30 Town homes, villas and duplex units – median price $73,000 – 134 Average Days to Closing
- 26 Condominiums – median sold price - $42,250 – 146 Average Days on Closing
- 35 Modular, manufactured/mobile homes in park/out of park – median sold price $39,500 – 159 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – November 2011!
There were 276 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,500 with 169 average days to closing. Traditional sales (equity sales) counted for almost 51% of our total sales.
The distressed properties which includes Bank owned, pre-foreclosure, in foreclosure and short sales fell slightly in Polk County as it accounted for 49% of our total sales for the month of November.
130 sold homes were foreclosures/REO Bank Owned – median price $59,000 – Average Days to Closing 87.
135 sold homes were Short Sales – median price $84,000 – Average Days to Closing 240.
Copyright © 2011 By Petra Norris *Polk County FL - Overall Existing Home Prices– November 2011*
Authored by Petra Norris
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
