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.
Hi Petra...I know we'll look back and say we passed the bottom in late 2009, our sales have broken records, but prices are down or even, and a few up, but over all the prices have not moved up...Sales are strong and Steady with first time home buyers leading the charge.
Cheers, thanks for sharing you market update.