Overall Existing Median Home Prices Rose In Polk County FL – September 2011
Overall Average Polk County existing home prices increased from the previous month to $105,365 by a almost 1%. Polk County FL overall existing median prices have increased as well to $90,000 compared to $82,140 from August 2011 and for a long time an increase from the previous year. However, Polk County’s overall existing number of home sales in September decreased to a total of 588, compared to 641 Polk County Homes sold in August 2011. .
A look back in history of Polk County’s overall existing median home prices compared to September 2011 median price of $90,000:
September 2005 - median price $182,500 (-50.68%) - 930 homes sold
September 2006 – median price $185,000 (-51.35%) – 634 homes sold
September 2007 – median price $170,000 (-47.06%) – 343 homes sold
September 2008 – median price $139,900 (-35.67%) – 476 homes sold
September 2009 – median price $103,000 (-12.62%) – 601 homes sold
September 2010 – median price $85,000 (5.88%) – 628 homes sold
Take a look at the city you live in and see what the numbers are for September 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 | 95,541 | 90,000 | 19 |
| BABSON PARK | 525,000 | 525,000 | 1 |
| BARTOW | 73,561 | 49,950 | 18 |
| BRADLEY | 23,000 | 23,000 | 1 |
| DAVENPORT | 126,433 | 118,250 | 114 |
| DUNDEE | 71,945 | 72,000 |
3 |
| EAGLE LAKE | 87,000 | 84,000 | 3 |
| FORT MEADE | 54,134 | 44,990 | 3 |
| FROSTPROOF | 91,200 | 30,000 | 5 |
| HAINES CITY | 94,559 | 90,000 | 27 |
| INDIAN LAKE ESTATES | 52,000 | 52,000 | 1 |
| KISSIMMEE | 101,080 | 84,000 | 11 |
| LAKE ALFRED | 89,667 | 111,000 | 3 |
| LAKE HAMILTON | 32,500 | 32,500 | 1 |
| LAKE WALES | 76,610 | 53,500 | 26 |
| LAKELAND | 114,886 | 100,000 | 186 |
| MULBERRY | 108,481 | 105,000 | 16 |
| POINCIANA | 84,024 | 75,000 | 51 |
| POLK CITY | 68,632 | 49,900 | 5 |
| WINTER HAVEN | 95,906 | 82,000 | 94 |
What did Polk County Home Buyers buy?
116 homebuyers bought at a price range of $49,999 and below
209 home buyers bought at a price range of $50,000 - $99,999
148 home buyers bought at a price range of $100,000 - $149,999
72 home buyers bought at a price range of $150,000 - $199,999
14 home buyers bought at a price range of $200,000 - $249,999
10 home buyers bought at a price range of $250,000 - $299,999
12 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
3 home buyers bought at a price range of $400,000 - $499,999
2 home buyers bought at a price range of $500,000 - $599,999
September sales in Polk County was even between foreclosures and short sales vs. traditional sales.
Most of Polk County home buyers paid cash, in fact 52% of all home buyers in Polk County paid cash.
Let me break down September 2011 Polk County existing homes sales into various categories:
- 507 Single family homes - median price $100,000 – 178 Average Days to Closing
- 21 Town homes, villas and duplex units – median price $55,949 – 155 Average Days to Closing
- 26 Condominiums – median sold price - $49,750 – 127 Average Days on Closing
- 35 Modular, manufactured/mobile homes in park/out of park – median sold price $35,100 – 168 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – September 2011!
There were 292 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $113,500 with 174 average days to closing. Traditional sales (equity sales) counted for almost 49.66% 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 50.34% of our total sales for the month of September.
- 157 sold homes were foreclosures/REO Bank Owned – median price $64,934 – Average Days to Closing 109.
- 139 sold homes were Short Sales – median price $86,000 – Average Days to Closing 249.
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
Hi Petra. Thanks for sharing a detailed homes price report for Polk County Fl. These are the information that every buyer and seller needs to read about, especially that it included expert analysis of top Lakeland Fl Short Sale Agents, Petra Norris. Excellent post!
Hi Petra, the last four years clearly demonstrate that as prices have fallen, the number of houses sold was on the increase again. That's in stark contrast to what some people seem to think and should give sellers something to think about.
This is an excellent market update. The last few years have been really rough..all over the country. As the Lakeland Short Sale Agent, your clients are well informed and educated on current market conditions. Thanks for posting.
This is a comprehensive market report on Polk County FL and is a great resource for buyers and sellers. As Lakeland Fl short sale agents you give the representation needed to sellers on short sales as well as conventional sales... homeowners underwater need to call you, Petra.
Hi Petra. As always, your market report for your area provides all the important details that every buyer and seller needs to know about, including your expert analysis as Lakeland Fl Short Sale Agents. Great job!