Overall Polk County Existing Home Prices – May 2011
Overall Average Polk County home prices increased from the previous month to $102,621 by 1.41%. Polk County’s overall existing home sales in May declined by 9% to a total of 673, compared to 741 Polk County Homes sold in April 2011.
A look back in history of Polk County’s overall existing median home prices:
May 2005 - median price $163,500 (-46.79%) - 904 homes sold
May 2006 – median price $188,000 (-53.72%) – 857 homes sold
May 2007 – median price $183,950 (-52.68%) – 572 homes sold
May 2008 – median price $150,000 (-42.00%) – 466 homes sold
May 2009 – median price $101,000 (-13.86%) – 572 homes sold
May 2010 – median price $92,500 (-5.95%) – 795 homes sold
Overall median sales increased also by 2.35% to $87,000 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 May 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 |
102,800 |
91,650 |
24 |
|
BABSON PARK |
197,500 |
197,500 |
2 |
|
BARTOW |
74,221 |
29,500 |
19 |
|
CLERMONT |
55,000 |
50,000 |
4 |
|
DAVENPORT |
124,514 |
111,450 |
132 |
|
DUNDEE |
67,328 |
65,000 |
5 |
|
EATON PARK |
12,000 |
12,000 |
1 |
|
FROSTPROOF |
59,111 |
52,000 |
9 |
|
HAINES CITY |
105,287 |
97,750 |
30 |
|
KISSIMMEE |
77,686 |
63,900 |
24 |
|
LAKE ALFRED |
57,813 |
59,250 |
8 |
|
LAKE WALES |
84,906 |
87,000 |
18 |
|
LAKELAND/KATHLEEN |
110,224 |
90,000 |
231 |
|
MULBERRY |
87,680 |
93,000 |
17 |
|
POINCIANA |
82,781 |
72,250 |
54 |
|
POLK CITY |
74,056 |
48,000 |
9 |
|
WINTER HAVEN |
94,796 |
79,250 |
86 |
|
Grand Total |
102,621 |
87,000 |
672 |
What did Polk County Home Buyers buy?
155 homebuyers bought at a price range of $49,999 and below
239 home buyers bought at a price range of $50,000 - $99,999
153 home buyers bought at a price range of $100,000 - $149,999
69 home buyers bought at a price range of $150,000 - $199,999
29 home buyers bought at a price range of $200,000 - $249,999
12 home buyers bought at a price range of $250,000 - $299,999
9 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
1 home buyer bought at a price range of $400,000 - $499,999
2 home buyer bought at a price range of $500,000 - $599,999
Almost 55% of buyers bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.
Let me break down May 2011 Polk County existing homes sales into various categories:
559 Single family homes - median price $97,500 – 169 Average Days to Closing
35 Town homes, villas and duplex units – median price $65,000 – 144 Average Days to Closing
21 Condominiums – median sold price - $47,500 – 117 Average Days on Closing
56 Modular, manufactured/mobile homes in park/out of park – median sold price $43,950 – 155 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – May 2011!
There were 305 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $109,000 with 177 average days to closing. Traditional sales counted for almost 45.39% 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 54.61% of our total sales for the month of May.
253 sold homes were foreclosures/REO Bank Owned – median price $72,9000 – Average Days to Closing 115.
115 sold homes were Short Sales – median price $83,000 – Average Days to Closing 243.
Copyright © 2011 By Petra Norris *Overall Polk County Existing Home Prices – May 2011*
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
Its always good to keep interested homebuyers in your area updated of the city's market standing. It only shows how dedicated you are as Lakeland Fl short sale agents. Keep up the good work Petra!
Very true Bob. Its always good to provide update of your area so potential homebuyers in Lakeland will find it easier to make a decision. Partner it with dedicated Lakeland Fl short sale agents, it will definitely be a success. Great work Petra!