The Florida Association of Realtors® reports that existing home sales rose 61% in November from the previous year, showing for the past 15 months that overall real estate sales in the State of Florida have increased. While much credit is given for the extended and expanded homebuyers tax credit for the increased sales activity in the past, the decline in home values and sales prices resulting from the increased sales of distressed properties and foreclosures.
Florida’s median sales price for existing homes last month continued downwardly to $139,000 for a 12% ($158,200) decrease from the previous year and less than 1% ($140,300) from the previous month.
The Polk County’s overall housing prices improved slightly.
589 existing homes sold – a slight decrease of 3.6% from the previous month (612 sold homes) in Polk County – an increase in sales activity of 220 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes increased from the previous month to $104,900; however, dipped 17% from the previous year of $127,000.
Take a look at the city you live in or want to move to and see what the numbers are for November 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 |
110,156 |
125,000 |
21 |
|
BARTOW |
92,496 |
79,000 |
21 |
|
CLERMONT |
54,833 |
62,500 |
3 |
|
DAVENPORT |
137,355 |
132,500 |
110 |
|
DUNDEE |
78,342 |
86,625 |
3 |
|
EAGLE LAKE |
82,425 |
88,350 |
4 |
|
FORT MEADE |
74,467 |
67,500 |
6 |
|
FROSTPROOF |
103,925 |
70,000 |
6 |
|
HAINES CITY |
118,744 |
115,000 |
43 |
|
HOMELAND |
27,500 |
27,500 |
1 |
|
INDIAN LAKE ESTATES |
43,000 |
43,000 |
1 |
|
KATHLEEN |
160,000 |
160,000 |
1 |
|
KISSIMMEE |
99,265 |
70,000 |
17 |
|
LAKE ALFRED |
89,283 |
97,350 |
6 |
|
LAKE WALES |
79,657 |
57,500 |
14 |
|
LAKELAND |
122,591 |
119,000 |
174 |
|
MULBERRY |
112,090 |
125,100 |
25 |
|
POINCIANA |
94,498 |
79,500 |
57 |
|
POLK CITY |
50,667 |
50,000 |
3 |
|
WINTER HAVEN |
102,082 |
90,000 |
73 |
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 57% of our total sales in Polk County for the month of November.
- 250 sold homes were Bank Owned – median price $75,000 – Days on Market 26
- 80 sold homes were Short Sales – median price $115,500 – Days on Market 111
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 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 real estate landscape and all it has to offer.
Petra, Great information for Polk County and what the real estate market is doing. I like the layout of your information too.