Overall Polk County Existing Home Prices – January 2011
Polk County’s overall existing home sales slipped to a total of 545 Polk County Homes sold in January. Average home prices have also declined from the previous month to $93,705 by almost 12.50% resulting in a rough start for the Polk County housing market as traditional home sellers struggle to keep up with homes declining values.
If you have read my recent featured article titled: "Proactive Ways on how to
Educate the Media and the Consumer on the Local Housing Market". - Check it out first because January's Polk County housing market report portrays different numbers than the one the Ledger reported on February 23, 2011. This data here in this article represents all of existing Polk County FL homes sold in January 2011 reported by all Realtors that have sold homes in Polk County and not only Polk County Realtors.
A look back in history of Polk County’s overall existing median home prices:
· January 2006 – median price $180,000 (-55.56%) – 618 homes sold
· January 2007 – median price $189,500 (-57.78%) – 444 homes sold
· January 2008 – median price $154,350 (-48.17%) – 290 homes sold
· January 2009 – median price $98,000 (-18.37%) – 389 homes sold
· January 2010 – median price $97,950 (-18.33%) – 504 homes sold
545 existing homes sold – a 16% decrease from the previous month (648) sold homes in Polk County, FL.
Overall median sales decreased also by 11% to $80,000 for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for January 2010 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 |
75,976 |
69,500 |
21 |
|
BABSON PARK |
227,450 |
227,450 |
2 |
|
BARTOW |
82,713 |
65,000 |
15 |
|
CLERMONT |
42,500 |
42,500 |
1 |
|
DAVENPORT |
115,072 |
101,975 |
102 |
|
DUNDEE |
62,760 |
55,000 |
5 |
|
EAGLE LAKE |
61,166 |
44,000 |
4 |
|
FORT MEADE |
16,200 |
16,200 |
2 |
|
FROSTPROOF |
78,500 |
78,500 |
2 |
|
HAINES CITY |
77,540 |
75,000 |
34 |
|
KISSIMMEE |
94,067 |
89,000 |
15 |
|
LAKE ALFRED |
124,750 |
124,750 |
2 |
|
LAKE HAMILTON |
120,000 |
120,000 |
1 |
|
LAKE WALES |
63,276 |
53,750 |
16 |
|
LAKELAND |
94,095 |
77,500 |
169 |
|
MULBERRY |
98,892 |
115,000 |
17 |
|
POINCIANA |
77,040 |
60,000 |
51 |
|
POLK CITY |
43,160 |
45,000 |
5 |
|
WINTER HAVEN |
99,916 |
81,000 |
81 |
What did Polk County Home Buyers buy?
147 homebuyers bought at a price range of $49,999 and below
198 home buyers bought at a price range of $50,000 - $99,999
121 home buyers bought at a price range of $100,000 - $149,999
40 home buyers bought at a price range of $150,000 - $199,999
16 home buyers bought at a price range of $200,000 - $249,999
13 home buyers bought at a price range of $250,000 - $299,999
3 home buyers bought at a price range of $300,000 - $349,999
5 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 $500,000 - $599,999
Almost 60% 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 January 2011 Polk County existing homes sales into various categories:
· 459 Single family homes - median price $88,000 – 161 Average Days to Closing
· 31 Town homes, villas and duplex units – median price $63,000 – 122 Average Days to Closing
· 24 Condominiums – median sold price - $51,250 – 157 Average Days on Closing
· 40 Modular, manufactured/mobile homes in park/out of park – median sold price $47,950 – 281 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – January 2011!
There were 168 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $108,750 with 217 average days to closing. Traditional sales counted for almost 31.00% 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 69% of our total sales for the month of January.
· 281 sold homes were foreclosures/REO Bank Owned – median price $65,000 – Average Days to Closing 107.
· 96 sold homes were Short Sales – median price $86,150 – Average Days to Closing 255.
- 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.
Copyright © 2011 By Petra Norris * Overall Polk County FL Existing Home Prices for January 2011 *
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
