The Florida Association of Realtors® reports that existing home sales rose 45% in October from the previous year and a 5.1% increase from the previous month. Florida's median home price continues to stumble with distressed properties dictating the housing market - Florida's median sales price for existing homes last month continued downwardly to $140,300 for a 17% decrease from the previous year and 1.20% from the previous month.
The Polk County's housing market.
612 existing homes sold - a slight increase of 2.6% from the previous month (596 sold homes) in Polk County - an increase in sales activity of 27% from the previous year. Overall Polk's median price for existing homes decreased by a small margin from the previous month to $99,000; however, dipped 24% from the previous year of $130,000.
Take a look at the city you live in and see what the numbers are for October 2009 for existing home sales - single family homes, condominiums, manufactured homes -including distressed properties in Polk County.
City Average Sold Price Median Sold Price # of Homes Sold
|
AUBURNDALE |
119,861 |
112,500 |
18 |
|
BABSON PARK |
99,000 |
99,000 |
2 |
|
BARTOW |
91,807 |
84,900 |
15 |
|
DAVENPORT |
124,539 |
115,000 |
125 |
|
DUNDEE |
73,357 |
70,000 |
7 |
|
EAGLE LAKE |
92,125 |
83,250 |
4 |
|
FORT MEADE |
87,000 |
87,000 |
1 |
|
FROSTPROOF |
74,550 |
70,000 |
10 |
|
HAINES CITY |
112,826 |
101,950 |
36 |
|
KISSIMMEE |
105,164 |
74,900 |
11 |
|
LAKE ALFRED |
97,018 |
85,000 |
11 |
|
LAKE HAMILTON |
58,000 |
58,000 |
1 |
|
LAKE WALES |
127,497 |
120,000 |
19 |
|
LAKELAND |
115,952 |
107,000 |
177 |
|
LAKESHORE |
19,150 |
19,150 |
1 |
|
MULBERRY |
121,688 |
118,500 |
10 |
|
POINCIANA |
84,568 |
71,000 |
60 |
|
POLK CITY |
84,200 |
67,500 |
5 |
|
WINTER HAVEN |
105,615 |
89,900 |
99 |
Let's take a look at the distressed Polk County real estate market!
Distressed properties, which includes Bank owned, pre-foreclosure, in foreclosure and short sales count for 60% of our total sales in Polk County for the month of September.
272 sold homes were Bank Owned - median price $76,500 - Days on Market 24
94 sold homes were Short Sales - median price $113,950 - Days on Market 121
The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include "For Sale By Owner".
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I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.
