Polk County FL - Overall Existing Home Prices Rose – October 2011
Overall Average Polk County existing home prices increased from the previous month to $107,784 by a almost 2%, while overall existing median prices of $90,000 remained the same. However, compared to the previous year, the median price rose by almost 6%. Polk County’s overall existing number of home sales in October decreased to a total of 553, compared to 592 Polk County Homes sold in September 2011. .
A look back in history of Polk County’s overall existing median home prices compared to October 2011 median price of $90,000:
October 2005 - median price $185,000 (-51.35%) - 763 homes sold
October 2006 – median price $191,963 (-53.12%) – 631 homes sold
October 2007 – median price $174,950 (-48.56%) – 396 homes sold
October 2008 – median price $130,000 (-30.77%) – 444 homes sold
October 2009 – median price $99,000 (-9.09%) – 618 homes sold
October 2010 – median price $85,000 (5.88%) – 567 homes sold
Take a look at the city you live in and see what the numbers are for October 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
|
ALTURAS |
41,500 |
41,500 |
1 |
|
AUBURNDALE |
110,687 |
107,500 |
20 |
|
BARTOW |
79,835 |
72,500 |
16 |
|
DAVENPORT |
136,090 |
122,250 |
102 |
|
DUNDEE |
71,500 |
71,500 |
2 |
|
EAGLE LAKE |
48,900 |
42,250 |
5 |
|
FORT MEADE |
167,000 |
167,000 |
1 |
|
FROSTPROOF |
88,400 |
80,000 |
5 |
|
HAINES CITY |
82,244 |
77,000 |
27 |
|
KISSIMMEE |
139,223 |
111,750 |
12 |
|
LAKE ALFRED |
42,000 |
42,000 |
2 |
|
LAKE HAMILTON |
58,000 |
58,000 |
1 |
|
LAKE WALES |
67,742 |
63,250 |
22 |
|
LAKELAND |
115,266 |
105,000 |
189 |
|
MULBERRY |
67,062 |
58,875 |
14 |
|
POINCIANA |
83,768 |
69,870 |
51 |
|
POLK CITY |
151,250 |
151,250 |
2 |
|
WINTER HAVEN |
103,360 |
77,000 |
81 |
What did Polk County Home Buyers buy?
120 home buyers bought at a price range of $49,999 and below
182 home buyers bought at a price range of $50,000 - $99,999
142 home buyers bought at a price range of $100,000 - $149,999
58 home buyers bought at a price range of $150,000 - $199,999
24 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
10 home buyers bought at a price range of $300,000 - $349,999
0 home buyers bought at a price range of $350,000 - $399,999
4 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
1 home buyer bought at $1,000,000 and over
I noticed that despite the news about robo-signing and court back log to foreclose, there is an increase of homes sold that were bank owned.
Most of Polk County home buyers paid cash, in fact 55% of all home buyers in Polk County paid cash.
Let me break down October 2011 Polk County existing homes sales into various categories:
- 469 Single family homes - median price $102,000 – 164 Average Days to Closing
- 28 Town homes, villas and duplex units – median price $69,000 – 195 Average Days to Closing
- 20 Condominiums – median sold price - $50,500 – 112 Average Days on Closing
- 35 Modular, manufactured/mobile homes in park/out of park – median sold price $32,900 – 133 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – October 2011!
There were 259 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $120,000 with 161 average days to closing. Traditional sales (equity sales) counted for almost 46.83% 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 53.16% of our total sales for the month of October.
153 sold homes were foreclosures/REO Bank Owned – median price $61,000 – Average Days to Closing 93.
141 sold homes were Short Sales – median price $85,000 – Average Days to Closing 236.
Copyright © 2011 By Petra Norris *Polk County FL - Overall Existing Home Prices Rose – October 2011*
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
Petra, Polk County sure has the volume in sales and what a drop in price over the last 6 years...but with the Lakeland short sale agents guiding the short sale consumer, they will get the best advice in the sale of their home.
Excellent market report. Polk county has had both an increase in volume and a drop in median home price, but as the Lakeland FL short sale agent to call, your clients will have the best advice in buying or selling. Thanks for sharing.