Overall Polk County Existing Home Prices – February 2011
Polk County’s overall existing home sales increased to a total of 653 Polk County Homes sold in February. Overall Average Polk County home prices still declining from the previous month to $93,705 by 5%.
A look back in history of Polk County’s overall existing median home prices:
- February 2006 – median price $180,750 (-58.56%) – 672 homes sold
- February 2007 – median price $180,000 (-58.39%) – 476 homes sold
- February 2008 – median price $157,000 (-52.29%) – 315 homes sold
- February 2009 – median price $101,000 (-25.84%) – 453 homes sold
- February 2010 – median price $85,400 (-12.30%) – 607 homes sold
653 existing homes sold – a 20% increase from the previous month (545) sold homes in Polk County, FL.
Overall median sales decreased also by 6.38% to $74,900 for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for February 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 |
83,781 |
58,000 |
17 |
|
BABSON PARK |
52,000 |
52,000 |
1 |
|
BARTOW |
41,063 |
29,925 |
12 |
|
BRADLEY |
25,000 |
25,000 |
1 |
|
CLERMONT |
49,000 |
49,000 |
2 |
|
DAVENPORT |
108,490 |
97,500 |
142 |
|
DUNDEE |
60,400 |
62,000 |
7 |
|
EAGLE LAKE |
58,625 |
46,750 |
4 |
|
FORT MEADE |
109,948 |
46,338 |
5 |
|
FROSTPROOF |
41,670 |
32,500 |
10 |
|
HAINES CITY |
85,985 |
67,000 |
41 |
|
KISSIMMEE |
69,718 |
65,625 |
20 |
|
LAKE ALFRED |
57,333 |
45,000 |
6 |
|
LAKE HAMILTON |
34,050 |
34,050 |
2 |
|
LAKE WALES |
75,795 |
57,750 |
29 |
|
LAKELAND |
94,488 |
79,950 |
192 |
|
LAKESHORE |
14,900 |
14,900 |
1 |
|
MULBERRY |
85,657 |
78,175 |
10 |
|
POINCIANA |
79,726 |
69,950 |
65 |
|
POLK CITY |
48,000 |
49,000 |
5 |
|
WAVERLY |
58,000 |
58,000 |
1 |
|
WINTER HAVEN |
88,763 |
79,950 |
80 |
What did Polk County Home Buyers buy?
163 homebuyers bought at a price range of $49,999 and below
278 home buyers bought at a price range of $50,000 - $99,999
136 home buyers bought at a price range of $100,000 - $149,999
46 home buyers bought at a price range of $150,000 - $199,999
12 home buyers bought at a price range of $200,000 - $249,999
6 home buyers bought at a price range of $250,000 - $299,999
8 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
1 home buyer bought at a price range of $400,000 - $499,999
1 home buyer bought at a price range of $900,000 - $999,999
Almost 65% 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 February 2011 Polk County existing homes sales into various categories:
526 Single family homes - median price $83,900 – 164 Average Days to Closing
37 Town homes, villas and duplex units – median price $65,500 – 105 Average Days to Closing
33 Condominiums – median sold price - $50,000 – 215 Average Days on Closing
57 Modular, manufactured/mobile homes in park/out of park – median sold price $48,900 – 179 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – February 2011!
There were 225 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $86,100 with 199 average days to closing. Traditional sales counted for almost 34.50% 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 65.39% of our total sales for the month of February.
327 sold homes were foreclosures/REO Bank Owned – median price $65,900 – Average Days to Closing 116.
100 sold homes were Short Sales – median price $80,000 – Average Days to Closing 248.
Copyright © 2011 By Petra Norris * Overall Polk County Existing Home Prices – February 2011*
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
