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Copyright © 2011 By Petra Norris *Polk County FL - Overall Existing Home Prices– November 2011*

Polk County FL - Overall Existing Home Prices Rose – October 2011

Overall Average Polk County existing home prices increased from the previous month to $107,784 by a almost 2%, while overall existing median prices of $90,000 remained the same. However, compared to the previous year, the median price rose by almost 6%.  Polk County’s overall existing number of home sales in October decreased to a total of 553, compared to 592 Polk County Homes sold in September 2011. .

 

A look back in history of Polk County’s overall existing median home prices compared to October 2011 median price of $90,000:

October 2005 - median price $185,000 (-51.35%) - 763 homes sold

October 2006 – median price $191,963 (-53.12%) – 631 homes sold

October 2007 – median price $174,950 (-48.56%) – 396 homes sold

October 2008 – median price $130,000 (-30.77%) – 444 homes sold

October 2009 – median price $99,000 (-9.09%) – 618 homes sold

October 2010 – median price $85,000 (5.88%) – 567 homes sold

 

Take a look at the city you live in and see what the numbers are for October 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

 

ALTURAS	41,500	41,500	1
AUBURNDALE	110,687	107,500	20
BARTOW	79,835	72,500	16
DAVENPORT	136,090	122,250	102
DUNDEE	71,500	71,500	2
EAGLE LAKE	48,900	42,250	5
FORT MEADE	167,000	167,000	1
FROSTPROOF	88,400	80,000	5
HAINES CITY	82,244	77,000	27
KISSIMMEE	139,223	111,750	12
LAKE ALFRED	42,000	42,000	2
LAKE HAMILTON	58,000	58,000	1
LAKE WALES	67,742	63,250	22
LAKELAND	115,266	105,000	189
MULBERRY	67,062	58,875	14
POINCIANA	83,768	69,870	51
POLK CITY	151,250	151,250	2
WINTER HAVEN	103,360	77,000	81

 

What did Polk County Home Buyers buy?

120 home buyers bought at a price range of $49,999 and below

182 home buyers bought at a price range of $50,000 - $99,999

142 home buyers bought at a price range of $100,000 - $149,999

58 home buyers bought at a price range of $150,000 - $199,999

24 home buyers bought at a price range of $200,000 - $249,999

10 home buyers bought at a price range of $250,000 - $299,999

10 home buyers bought at a price range of $300,000 - $349,999

0 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

2 home buyers bought at a price range of $500,000 - $599,999

1 home buyer bought at $1,000,000 and over

 

I noticed that despite the news about robo-signing and court back log to foreclose, there is an increase of homes sold that were bank owned. 

Most of Polk County home buyers paid cash, in fact 55% of all home buyers in Polk County paid cash.

Let me break down October 2011 Polk County existing homes sales into various categories:

• 469 Single family homes - median price $102,000 – 164 Average Days to Closing 
• 28 Town homes, villas and duplex units – median price $69,000 – 195 Average Days to Closing 
• 20 Condominiums – median sold price - $50,500 – 112 Average Days on Closing
• 35 Modular, manufactured/mobile homes in park/out of park – median sold price $32,900 – 133 Average Days on Closing

Overall Polk County’s Foreclosure and Short Sales Prices – October 2011! 

There were 259 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $120,000 with 161 average days to closing.  Traditional sales (equity sales) counted for almost 46.83% of our total sales. 

The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales continues to dictate the Polk County real estate market as it accounted for 53.16% of our total sales for the month of October.

153 sold homes were foreclosures/REO Bank Owned – median price $61,000 – Average Days to Closing 93.

141 sold homes were Short Sales – median price $85,000 – Average Days to Closing 236.

Copyright © 2011 By Petra Norris *Polk County FL - Overall Existing Home Prices Rose – October 2011*

 

Overall Polk County Existing Home Prices – May 2011

Overall Average Polk County home prices increased from the previous month to $102,621 by 1.41%. Polk County’s overall existing home sales in May declined by 9% to a total of 673, compared to 741 Polk County Homes sold in April 2011. 

 

A look back in history of Polk County’s overall existing median home prices:

May 2005 - median price $163,500 (-46.79%) - 904 homes sold

May 2006 – median price $188,000 (-53.72%) – 857 homes sold

May 2007 – median price $183,950 (-52.68%) – 572 homes sold

May 2008 – median price $150,000 (-42.00%) – 466 homes sold

May 2009 – median price $101,000 (-13.86%) – 572 homes sold

May 2010 – median price $92,500 (-5.95%) – 795 homes sold

Overall median sales increased also by 2.35% to $87,000 from the month prior for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for May 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	102,800	91,650	24
BABSON PARK	197,500	197,500	2
BARTOW	74,221	29,500	19
CLERMONT	55,000	50,000	4
DAVENPORT	124,514	111,450	132
DUNDEE	67,328	65,000	5
EATON PARK	12,000	12,000	1
FROSTPROOF	59,111	52,000	9
HAINES CITY	105,287	97,750	30
KISSIMMEE	77,686	63,900	24
LAKE ALFRED	57,813	59,250	8
LAKE WALES	84,906	87,000	18
LAKELAND/KATHLEEN	110,224	90,000	231
MULBERRY	87,680	93,000	17
POINCIANA	82,781	72,250	54
POLK CITY	74,056	48,000	9
WINTER HAVEN	94,796	79,250	86
Grand Total	102,621	87,000	672

What did Polk County Home Buyers buy?

155 homebuyers bought at a price range of $49,999 and below

239 home buyers bought at a price range of $50,000 - $99,999

153 home buyers bought at a price range of $100,000 - $149,999

69 home buyers bought at a price range of $150,000 - $199,999

29 home buyers bought at a price range of $200,000 - $249,999

12 home buyers bought at a price range of $250,000 - $299,999

9 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

1 home buyer bought at a price range of $400,000 - $499,999

2 home buyer bought at a price range of $500,000 - $599,999

 

Almost 55% of buyers bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.

 

Let me break down May 2011 Polk County existing homes sales into various categories:

559 Single family homes - median price $97,500 – 169 Average Days to Closing 

35 Town homes, villas and duplex units – median price $65,000 – 144 Average Days to Closing 

21 Condominiums – median sold price - $47,500 – 117 Average Days on Closing

56 Modular, manufactured/mobile homes in park/out of park – median sold price $43,950 – 155 Average Days on Closing

 

Overall Polk County’s Foreclosure and Short Sales Prices – May 2011! 

There were 305 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $109,000 with 177 average days to closing.  Traditional sales counted for almost 45.39% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales continues to dictate the Polk County real estate market as it accounted for 54.61% of our total sales for the month of May.

253 sold homes were foreclosures/REO Bank Owned – median price $72,9000 – Average Days to Closing 115.

115 sold homes were Short Sales – median price $83,000 – Average Days to Closing 243.

 

 

Overall Polk County Existing Home Sales for April 2010

The Florida Realtors Association reports that existing home sales for April rose by 27% and statewide existing home median price of $140,100 increased by 1% from the previous year in April 2009.  Increase in statewide sales activity of 3% was also reported from the previous month as well as 2.3% higher than March’s statewide median existing home price of $137,000.

Polk County’s overall existing home sales continued to improve in April. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout the county from the previous year.

819 existing homes sold – an increase of 7.45% from the previous month (758 sold homes) in Polk County and an increase in sales activity by 29% of overall existing homes sold from the previous year of 580.

While overall Polk’s median price for existing homes stabilized from the previous month to $91,000, the median home price from the previous year is showing a decline by almost 7%. 

Take a look at the city you live in and see what the numbers are for April 2010 for existing home sales - single family homes, condominiums, manufactured homes, duplex, villas, and townhomes -including distressed properties 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	110,292	81,000	30
BABSON PARK	90,067	73,000	3
BARTOW	88,062	85,000	21
CLERMONT	72,000	72,000	1
DAVENPORT	119,276	115,000	167
DUNDEE	53,360	62,000	5
EAGLE LAKE	135,000	135,000	2
FORT MEADE	126,092	148,500	6
FROSTPROOF	109,725	104,950	4
HAINES CITY	97,519	86,000	47
INDIAN LAKE ESTATES	144,333	160,000	3
KATHLEEN	65,000	65,000	1
KISSIMMEE	87,838	72,000	21
LAKE ALFRED	61,600	51,000	5
LAKE HAMILTON	195,782	195,782	1
LAKE WALES	93,936	70,000	29
LAKELAND	110,880	95,500	244
MULBERRY	113,749	120,000	21
POINCIANA	80,499	69,000	95
POLK CITY	76,667	75,000	3
WINTER HAVEN	122,299	98,500	110

Let me break down April 2010 Polk County existing homes sales into various categories:

·      724 Single family homes, townhomes, villas and ½ duplex – median sold price $99,900 – 138 Average Days to Closing

·      42 Condominiums – median sold price - $63,500 – 105 Average Days on Closing

·      53 Modular, manufactured/mobile homes in park/out of park – median sold price $54,000 – 198 Average Days on Closing

Let’s take a look at the distressed Polk County real estate market!

There were 302 existing homes sold, not categorized as distressed properties, at a median sold price of $122,250 with 175 average days to closing, which counted for almost 37% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 63% of our total sales in Polk County for the month of April.

·      404 sold homes were Bank Owned – median price $71,498 – Average Days to Closing  82

·      113 sold homes were Short Sales – median price $99,900 – Average Days to Closing 260

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