Polk County FL - Overall Existing Home Prices– November 2011
Overall Average Polk County existing home prices decreased from the previous month to $103,394 by 4% as well as the previous year by 2%. Overall existing median prices of $89,000 fell slightly by 1% from October 2011. However, compared to the previous year, the median price rose by almost 6%. Polk County’s overall existing number of home sales in November dropped off a bit to a total of 541, compared to 553 Polk County Homes sold in October 2011.
A look back in history of Polk County’s overall existing median home prices compared to November 2011 median price of $89,000:
November 2005 - median price $185,000 (-51.89%) - 723 homes sold
November 2006 – median price $187,000 (-52.41%) – 573 homes sold
November 2007 – median price $168,000 (-47.02%) – 377 homes sold
November 2008 – median price $126,992 (-29.92%) – 371 homes sold
November 2009 – median price $104,500 (-14.83%) – 593 homes sold
November 2010 – median price $84,000 (5.95%) – 498 homes sold
Take a look at the city you live in and see what the numbers are for November 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 |
72,364 |
69,875 |
16 |
|
BABSON PARK |
49,000 |
49,000 |
1 |
|
BARTOW |
58,972 |
56,501 |
12 |
|
BRADLEY |
21,000 |
21,000 |
1 |
|
CLERMONT |
85,833 |
55,500 |
3 |
|
DAVENPORT |
123,005 |
121,000 |
117 |
|
DUNDEE |
59,986 |
72,000 |
7 |
|
EAGLE LAKE |
76,400 |
61,000 |
5 |
|
FORT MEADE |
45,000 |
45,000 |
2 |
|
FROSTPROOF |
56,333 |
55,000 |
3 |
|
HAINES CITY |
107,988 |
105,000 |
23 |
|
KISSIMMEE |
138,888 |
79,750 |
8 |
|
LAKE ALFRED |
45,150 |
45,150 |
2 |
|
LAKE HAMILTON |
40,750 |
40,750 |
2 |
|
LAKE WALES |
95,542 |
81,250 |
24 |
|
LAKELAND |
109,606 |
95,000 |
181 |
|
MULBERRY |
92,602 |
72,000 |
17 |
|
POINCIANA |
100,889 |
85,000 |
41 |
|
POLK CITY |
94,014 |
60,000 |
7 |
|
WINTER HAVEN |
91,534 |
75,000 |
69 |
What did Polk County Home Buyers buy?
109 home buyers bought at a price range of $49,999 and below
206 home buyers bought at a price range of $50,000 - $99,999
125 home buyers bought at a price range of $100,000 - $149,999
57 home buyers bought at a price range of $150,000 - $199,999
23 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
4 home buyers bought at a price range of $300,000 - $349,999
1 home buyers bought at a price range of $350,000 - $399,999
1 home buyers bought at a price range of $400,000 - $499,999
0 home buyers bought at a price range of $500,000 - $599,999
2 home buyers bought at a price range of $600,000 - $699,999
Most of Polk County home buyers paid cash, in fact almost 55% of all home buyers in Polk County paid cash.
Let me break down November 2011 Polk County existing homes sales into various categories:
- 450 Single family homes - median price $98,000 – 171 Average Days to Closing
- 30 Town homes, villas and duplex units – median price $73,000 – 134 Average Days to Closing
- 26 Condominiums – median sold price - $42,250 – 146 Average Days on Closing
- 35 Modular, manufactured/mobile homes in park/out of park – median sold price $39,500 – 159 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – November 2011!
There were 276 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,500 with 169 average days to closing. Traditional sales (equity sales) counted for almost 51% of our total sales.
The distressed properties which includes Bank owned, pre-foreclosure, in foreclosure and short sales fell slightly in Polk County as it accounted for 49% of our total sales for the month of November.
130 sold homes were foreclosures/REO Bank Owned – median price $59,000 – Average Days to Closing 87.
135 sold homes were Short Sales – median price $84,000 – Average Days to Closing 240.
Copyright © 2011 By Petra Norris *Polk County FL - Overall Existing Home Prices– November 2011*
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
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Great market report of Polk County Fl home prices Petra. This report will be very helpful to homebuyers as they search and decide on their home purchase in Lakeland. You are clearly the expert Lakeland FL Short Sale Agents to call!
Great market update for Polk County, FL. You always provide excellent information to your clients; keeping them informed and up to date on market trends makes you the short sale agent to call. Thanks for sharing and have a wonderful and prosperous new year.
Petra, thanks for sharing this great report. Keep up the good work as a top Lakeland FL short sale agent!