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Overall Existing Median Home Prices Rose In Polk County FL – September 2011

Overall Average Polk County existing home prices increased from the previous month to $105,365 by a almost 1%.  Polk County FL overall existing median prices have increased as well to $90,000 compared to $82,140 from August 2011 and for a long time an increase from the previous year.  However, Polk County’s overall existing number of home sales in September decreased to a total of 588, compared to 641 Polk County Homes sold in August 2011. . 

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

September 2005 - median price $182,500 (-50.68%) - 930 homes sold

September 2006 – median price $185,000 (-51.35%) – 634 homes sold

September 2007 – median price $170,000 (-47.06%) – 343 homes sold

September 2008 – median price $139,900 (-35.67%) – 476 homes sold

September 2009 – median price $103,000 (-12.62%) – 601 homes sold

September 2010 – median price $85,000 (5.88%) – 628 homes sold

 

Take a look at the city you live in and see what the numbers are for September 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	95,541	90,000	19
BABSON PARK	525,000	525,000	1
BARTOW	73,561	49,950	18
BRADLEY	23,000	23,000	1
DAVENPORT	126,433	118,250	114
DUNDEE	71,945	72,000	3
EAGLE LAKE	87,000	84,000	3
FORT MEADE	54,134	44,990	3
FROSTPROOF	91,200	30,000	5
HAINES CITY	94,559	90,000	27
INDIAN LAKE ESTATES	52,000	52,000	1
KISSIMMEE	101,080	84,000	11
LAKE ALFRED	89,667	111,000	3
LAKE HAMILTON	32,500	32,500	1
LAKE WALES	76,610	53,500	26
LAKELAND	114,886	100,000	186
MULBERRY	108,481	105,000	16
POINCIANA	84,024	75,000	51
POLK CITY	68,632	49,900	5
WINTER HAVEN	95,906	82,000	94

What did Polk County Home Buyers buy?

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

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

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

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

14 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

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

2 home buyers bought at a price range of $350,000 - $399,999

3 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

 

September sales in Polk County was even between foreclosures and short sales vs. traditional sales. 

Most of Polk County home buyers paid cash, in fact 52% of all home buyers in Polk County paid cash.

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

• 507 Single family homes - median price $100,000 – 178 Average Days to Closing 
• 21 Town homes, villas and duplex units – median price $55,949 – 155 Average Days to Closing 
• 26 Condominiums – median sold price - $49,750 – 127 Average Days on Closing
• 35 Modular, manufactured/mobile homes in park/out of park – median sold price $35,100 – 168 Average Days on Closing

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

There were 292 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $113,500 with 174 average days to closing.  Traditional sales (equity sales) counted for almost 49.66% 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 50.34% of our total sales for the month of September.

• 157 sold homes were foreclosures/REO Bank Owned – median price $64,934 – Average Days to Closing 109.
• 139 sold homes were Short Sales – median price $86,000 – Average Days to Closing 249.

 

Overall Polk County Existing Home Prices – January 2011

Polk County’s overall existing home sales slipped to a total of 545 Polk County Homes sold in January. Average home prices have also declined from the previous month to $93,705 by almost 12.50% resulting in a rough start for the Polk County housing market as traditional home sellers struggle to keep up with homes declining values.  

 

If you have read my recent featured article titled: "Proactive Ways on how to Educate the Media and the Consumer on the Local Housing Market".  - Check it out first because January's Polk County housing market report portrays different numbers than the one the Ledger reported on February 23, 2011. This data here in this article represents all of existing Polk County FL homes sold in January 2011 reported by all Realtors that have sold homes in Polk County and not only Polk County Realtors. 

 

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

·        January 2006 – median price $180,000 (-55.56%) – 618 homes sold

·        January 2007 – median price $189,500 (-57.78%) – 444 homes sold

·        January 2008 – median price $154,350 (-48.17%) – 290 homes sold

·        January 2009 – median price $98,000 (-18.37%) – 389 homes sold

·        January 2010 – median price $97,950 (-18.33%) – 504 homes sold

 

545 existing homes sold – a 16% decrease from the previous month (648) sold homes in Polk County, FL.

Overall median sales decreased also by 11% to $80,000 for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for January 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	75,976	69,500	21
BABSON PARK	227,450	227,450	2
BARTOW	82,713	65,000	15
CLERMONT	42,500	42,500	1
DAVENPORT	115,072	101,975	102
DUNDEE	62,760	55,000	5
EAGLE LAKE	61,166	44,000	4
FORT MEADE	16,200	16,200	2
FROSTPROOF	78,500	78,500	2
HAINES CITY	77,540	75,000	34
KISSIMMEE	94,067	89,000	15
LAKE ALFRED	124,750	124,750	2
LAKE HAMILTON	120,000	120,000	1
LAKE WALES	63,276	53,750	16
LAKELAND	94,095	77,500	169
MULBERRY	98,892	115,000	17
POINCIANA	77,040	60,000	51
POLK CITY	43,160	45,000	5
WINTER HAVEN	99,916	81,000	81

 

What did Polk County Home Buyers buy?

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

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

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

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

16 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

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

5 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

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

 

Almost 60% of buyers were cash buyers who bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.

 

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

·        459 Single family homes - median price $88,000 – 161 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 – January 2011!

There were 168 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $108,750 with 217 average days to closing.  Traditional sales counted for almost 31.00% 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 69% of our total sales for the month of January.

·        281 sold homes were foreclosures/REO Bank Owned – median price $65,000 – Average Days to Closing 107.

·        96 sold homes were Short Sales – median price $86,150 – Average Days to Closing 255.

 

Copyright © 2011 By Petra Norris * Overall Polk County FL Existing Home Prices for January 2011 *

 

 

 

Polk County Florida Overall Housing Market - February 2010

Polk County’s overall existing home sales increased and it goes along with what has been reported at state and national level with increased sales for February. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout.

596 existing homes sold – an increase of 19% from the previous month (500 sold homes) in Polk County and an increase in sales activity of 145 Polk County homes sold from the previous year of 451 homes sold.

Overall Polk’s median price for existing homes decreased by 12.5% from the previous month to $85,700 and respectively decreased 15% from the previous year. 

Take a look at the city you live in and see what the numbers are for February 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	108,121	100,900	23
BABSON PARK	163,300	56,900	3
BARTOW	90,825	54,000	8
CLERMONT	59,250	63,750	4
DAVENPORT	123,762	110,000	134
DUNDEE	99,633	99,900	3
EAGLE LAKE	42,000	42,000	1
FORT MEADE	45,450	41,000	3
FROSTPROOF	73,317	73,500	3
HAINES CITY	95,050	80,000	36
INDIAN LAKE ESTATES	64,272	64,272	2
KISSIMMEE	83,272	75,500	17
LAKE ALFRED	72,546	61,000	12
LAKE WALES	80,143	62,500	28
LAKELAND	111,819	97,000	153
MULBERRY	120,003	127,000	17
POINCIANA	79,756	70,000	64
POLK CITY	133,359	119,950	6
WINTER HAVEN	110,239	84,900	79

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

• 514 Single family homes, townhomes, villas and ½ duplex – median sold price $99,000 – 147 Average Days to Closing
• 39 Condominiums – median sold price - $51,111 – 187 Average Days on Closing
• 43 Modular, manufactured/mobile homes in park/out of park – median sold price $55,000 – 233 Average Days on Closing

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

There were 232 existing homes sold, not categorized as distressed properties, at a median sold price of $111,000 with 200 average days to closing, which counted for almost 39% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 61% of our total sales in Polk County for the month of February.

• 283 sold homes were Bank Owned – median price $75,000 – Average Days to Closing  87
• 81 sold homes were Short Sales – median price $98,000 – Average Days to Closing 274