Overall Polk County Existing Home Prices – June 2011
Overall Average Polk County home prices decreased from the previous month to $100,625 by almost 2%. Polk County’s overall existing home sales in June declined to a total of 660, compared to 683 Polk County Homes sold in May 2011.
A look back in history of Polk County’s overall existing median home prices:
June 2005 - median price $170,000 (-50.00%) - 1029 homes sold
June 2006 – median price $185,000 (-54.05%) – 874 homes sold
June 2007 – median price $184,000 (-53.80%) – 511 homes sold
June 2008 – median price $155,000 (-45.16%) – 500 homes sold
June 2009 – median price $104,000 (--18.27%) – 587 homes sold
June 2010 – median price $94,900 (-10.43%) – 831 homes sold
Overall median sales decreased also by 2.30% to $85,000 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 June 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 |
165,498 |
104,000 |
17 |
|
BABSON PARK |
72,000 |
72,000 |
2 |
|
BARTOW |
82,364 |
60,000 |
24 |
|
CLERMONT |
55,000 |
55,000 |
1 |
|
DAVENPORT |
127,603 |
125,000 |
136 |
|
DUNDEE |
56,667 |
75,000 |
3 |
|
EAGLE LAKE |
48,255 |
46,060 |
4 |
|
FORT MEADE |
37,000 |
37,000 |
2 |
|
FROSTPROOF |
64,225 |
40,000 |
4 |
|
HAINES CITY |
86,185 |
85,000 |
38 |
|
KISSIMMEE |
119,940 |
89,900 |
13 |
|
LAKE WALES |
103,687 |
85,000 |
31 |
|
LAKELAND |
94,891 |
80,495 |
222 |
|
LAKESHORE |
19,900 |
19,900 |
1 |
|
MULBERRY |
70,846 |
60,000 |
13 |
|
POINCIANA |
73,966 |
62,500 |
49 |
|
POLK CITY |
121,192 |
91,750 |
6 |
|
WINTER HAVEN |
95,299 |
73,500 |
94 |
What did Polk County Home Buyers buy?
146 homebuyers bought at a price range of $49,999 and below
248 home buyers bought at a price range of $50,000 - $99,999
149 home buyers bought at a price range of $100,000 - $149,999
63 home buyers bought at a price range of $150,000 - $199,999
26 home buyers bought at a price range of $200,000 - $249,999
14 home buyers bought at a price range of $250,000 - $299,999
7 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
3 home buyers bought at a price range of $400,000 - $499,999
Around 55% of buyers bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.
Almost 54% of all home buyers in Polk County paid cash.
Let me break down June 2011 Polk County existing homes sales into various categories:
541 Single family homes - median price $94,250 – 179 Average Days to Closing
43 Town homes, villas and duplex units – median price $56,000 – 175 Average Days to Closing
29 Condominiums – median sold price - $67,000 – 171 Average Days on Closing
47 Modular, manufactured/mobile homes in park/out of park – median sold price $40,100 – 171 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – June 2011!
There were 296 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,250 with 177 average days to closing. Traditional sales counted for almost 45.85% 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 54.15% of our total sales for the month of June.
226 sold homes were foreclosures/REO Bank Owned – median price $67,551 – Average Days to Closing 120.
138 sold homes were Short Sales – median price $75,500 – Average Days to Closing 274.
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
