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Successful Wells Fargo Short Sale Closing - Dundee FL - Polk County

Successful Wells Fargo Short Sale Closing - Dundee FL - Polk County


I am delighted to report another successful short sale closing that took place just a few days ago.  The home is located in Dundee, FL which is located in Polk County close to major attraction and a short drive to Lakeland FL.  The home was built in 2005 right around the housing boom. It is a 3 bedroom/2 bath home which has about 1,594 square feet of living space. They purchased the home in 2007 for $179,900.

Successful Wells Fargo Short Sale Closing

There was only one mortgage on the home with Wells Fargo - Mortgage Balance $163,200

The Hardship was unemployment to one borrower and curtailment of income to the other.  They tried to do a loan modification which was denied, so their only alternative was to sell their home as a short sale to avoid foreclosure.

I was contacted in August and listed the property shortly after I received all pertinent documents for $85,000.  We had lots of showings that generated multiple offers.  Contract was accepted with a purchase price of $82,000 on September 5th and everything was submitted to Wells Fargo through the Equator System.  On September 28th I received a short sale approval letter notifying me that Wells Fargo accepted the short sale with full waiver of deficiency. 

My seller were shocked of the speedy approval and totally were relieved when they read their approval letter. Unbelievable they said because of all the horror stories they have read and heard.  

It really was one of the easiest and well organized short sale closings on the buyer's side I've had, since they done all the inspections, appraisals after the purchase contract was signed.   

Mortgage Balance: $163,200
Purchase Price:     $ 82,000
Difference of:       $81,200

Closing took place on November 28, 2011 - it took 98 days from listing to closing.

As a Lakeland FL Short Sale agent, I can tell you that short sales close.  Call me at (863) 619-6918 to talk about your options on how to avoid foreclosure. 
IMPORTANT NOTICE: CDV Transatlantic,Inc. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
 
 
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - 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.

 

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Copyright © 2011 By Petra Norris *Successful Wells Fargo Short Sale Closing - Dundee FL - Polk County*

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
5 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • November 30 2011 06:38PM

Buyer Question - When Is The Deadline For Filing Homestead Exemption?

Buyer Question - When Is The Deadline For Filing Homestead Exemption?

When is the deadline for filing homestead exemption?When I attend closings representing first-time home buyers and buyers moving from a different state taking permanent residency, the question about when is the deadline for filing homestead exemption always comes up and the short answer is:

Deadline For Filing Homestead Exemption - March 1st of the tax year for which the exemption is sought. 


In order to receive 2011 homestead exemption, you must apply by March 1, 2011, so if you moved in after January 1, 2011 you would not qualify for the 2011 homestead exemption. However, you can still and should apply for 2012 homestead exemption - you don't want to miss out saving several hundred dollars.

First-time homebuyers filing for homestead exemption must apply in person and bring their recorded deed and proof of residency, such as Florida drivers’ license, Florida voter registration, Florida vehicle registration or resident alien card. Applicants filing for any exemption are required to present their Social Security cards.

There were over 2200 homes in Lakeland sold and Polk County had almost 8,000 homes sold according to the Multiple Listing Service (Mid-Florida MLS). A good portion of the homes sold are owner occupants and there is a deadline for filing so you can save on your property tax for 2011 when your tax bill arrives in November.

When is the deadline for filing homestead exemption?Beat the rush and file your Polk County property tax homestead exemption on your home early, because – believe it or not - March 1st, 2011 deadline is fast approaching.


If you took residency on your newly purchased home after January 1, 2010, which includes mobile home if the land the mobile home sits on is owned by the same owner.  You surely want to file for a 2011 property tax exemption, also known as homestead exemption.  In addition, you may qualify for an additional $25,000 homestead under Amendment 1 which began with 2008 tax year for a total of $50,000.  


Have you owned a home previously in Florida? You may be eligible for “Save our Home”.  Saving money these days is on everybody’s mind – there are other ways of qualifying for additional savings:


Amendment 7, which was voted by Florida voters on November 7, 2006 and is intended to be an additional discount on taxes owed after all other ad valorem tax exemptions are computed for eligible veterans 65 years and older.


Senior exemption, widow, disability, veterans and total exemption – if qualified you may be eligible to save up to $5,000. Widow or widower must provide a copy of their late spouse’s death certificate. Disability exemptions applicants must provide an attest from a certified Florida physician.  Veteran exemptions applicants must show proof of percentage (minimum 10%) of service-connected disability from the U.S. Department of Veterans Affairs.


Where to file?


Bartow Office

255 N. Wilson Ave Phone: 863-534-4777

Bartow, FL 33830 Fax: 863-534-4753

Hours: 8:30am-5:00pm (M-F)

 

Lakeland Office

912 E. Parker St. Phone: 863-413-2549

Lakeland, FL 33801 Fax: 863-413-2550

Hours: 8:30am-5:00pm (M-F)

 

Winter Haven Office

3425 Lake Alfred Rd. Phone: 863-401-2424

3 Gill Jones Plaza Fax: 863-401-2428

Winter Haven, FL 33881 Hours: 8:00am-5:00pm (M-F)

Web site: http://www.polkpa.org




I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - 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.

 

Subscribe to my Active Rain Blog   Facebook  LinkedIn  Follow me on Twitter Virtual Tours & Videos  Subscribe to LakelandFloridaLiving.com  Lakeland Florida Real Estate

Copyright © 2011 By Petra Norris *Buyer Question - When Is The Deadline For Filing Homestead Exemption?*

 

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
3 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • January 28 2011 07:25AM

Overall Polk County Existing Home Sales for July 2010

Overall Polk County Existing Home Sales for July 2010

Polk County’s overall existing home sales still strong for numbers of homes sold for the Month of July with a total of 617 properties sold despite the declining home prices and the end of the first-time homebuyer tax credit. Prices continue to decrease downwards blaming it still widely on discounted distressed sales throughout the county from the previous year and years’ prior.

A look back in history:
  • July 2006 – median price $185,000 (-51.41%) – 721 homes sold
  • July 2007 – median price $180,000 (-50.06%) – 437 homes sold
  • July 2008 – median price $147,575 (-39.08%) – 462 homes sold
  • July 2009 – median price $108,000 (-16.76%) – 598 homes sold

617 existing homes sold – an decrease of 23.54% from the previous month (807 sold homes) in Polk County, FL.
Overall sales decreased marginally to $89,000 in Polk’s median price for existing homes from the previous month of $95,000, however, the Polk’s median home price from the previous year is showing a double-digit decline by 16.76%. 

Overall Polk County Florida Homes Sales YTD.

Take a look at the city you live in and see what the numbers are for July 2010 for existing home sales - single-family homes, condominiums, manufactured homes, duplex, villas, and townhomes -including distressed properties 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 92,681 85,000 26
BABSON PARK 546,000 546,000 2
BARTOW 120,315 64,500 13
DAVENPORT 120,018 110,000 144
DUNDEE 55,475 59,450 4
EAGLE LAKE 101,025 98,000 4
FORT MEADE 45,667 45,000 3
FROSTPROOF 34,667 25,000 3
HAINES CITY 100,743 70,100 27
HIGHLAND CITY 40,700 40,700 2
KISSIMMEE 92,031 69,000 16
LAKE ALFRED 88,806 98,475 8
LAKE HAMILTON 90,000 90,000 1
LAKE WALES 88,548 71,750 28
LAKELAND 115,453 98,950 170
MULBERRY 115,239 124,950 14
POINCIANA 86,853 74,750 59
POLK CITY 45,560 35,250 4
WINTER HAVEN 102,240 75,000 89

Let me break down July 2010 Polk County existing homes sales into various categories:
  • 520 Single family homes - median price $100,000 – 150 Average Days to Closing
  • 31 Townhomes, villas and duplex units – median price $55,000 – 138 Average Days to Closing
  • 37 Condominiums – median sold price - $70,450 – 119 Average Days on Closing
  • 30 Modular, manufactured/mobile homes in park/out of park – median sold price $39,000 – 176 Average Days on Closing

Let’s take a look at the distressed Polk County real estate market!
There were 215 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $125,000 with 169 average days to closing, which counted for almost 34.85% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 65.15% of our total sales in Polk County for the month of July.
  • 307 sold homes were Bank Owned – median price $73,000 – Average Days to Closing 94.
  • 95 sold homes were Short Sales – median price $95,000 – Average Days to Closing 280
Search for your next home anywhere in Lakeland Florida or anywhere in Polk County by clicking the search button right here below:

Search for Homes

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
0 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • August 27 2010 09:03PM

Looming Deadline to Appeal your Property Assessed Value in Florida

Looming Deadline to Appeal your Property Assessed Value in Florida

The property appraiser mails out Truth in Millage or TRIM Notices to Florida’s homeowners in mid-August.

Are you in disagreement with the assessed property value of your Polk County Florida home?
The Value Adjustment Board notices include three values
  • Market value
  • Assessed value
  • Taxable value
If you don’t agree with the market value, you have the right to appeal your tax assessment by filing a petition to the Value Adjustment Board.

Appeal Property ValueAn informal meeting is encouraged to have your estimation of the market value from the assessor’s property appraisal reviewed by going to the Polk County Property Appraiser’s office and discuss the matter. 

Filing a petition
You must file a “petition” in order to appeal before the Value Adjustment Board can hear your case.  Completed petitions must be filed with the Value Adjustment Board.  The non-refundable filing fee is $15 related to a single parcel, plus $5 for reach contiguous parcel.  The petition filing for single parcel in Polk County may also be filed online.

Timely Filing of Petition:
Petitions related to valuation issues may be filed at any time during the taxable year on or before the 25th day following the mailing of the TRIM notices of proposed property taxes. The Value Adjustment Board must receive the petition by the 25th day.
If a representative is acting on your behalf he or she must have written authorization from you the taxpayer, which also applies for immediate family members if their names are not on the deed.

Where to go, call or file in Polk County Florida?

Bartow Office
255 N. Wilson Ave Phone: 863-534-4777
Bartow, FL 33830 Fax: 863-534-4753
Hours: 8:30am-5:00pm (M-F)
 
Lakeland Office
912 E. Parker St. Phone: 863-413-2549
Lakeland, FL 33801 Fax: 863-413-2550
Hours: 8:30am-5:00pm (M-F)

Winter Haven Office
3425 Lake Alfred Rd. Phone: 863-401-2424
3 Gill Jones Plaza Fax: 863-401-2428
Winter Haven, FL 33881 Hours: 8:00am-5:00pm (M-F)
 

 

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
9 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • August 11 2010 04:15PM

Overall Polk County Existing Home Sales for June 2010

Overall Polk County Existing Home Sales for June 2010

Polk County’s overall existing home sales posted record numbers of homes sold for the Month of June with a total of 807 properties sold.  The last time area real estate agents sold over 800 homes in June was in 2006.  Prices continue to decrease downwards blaming it still widely on discounted distressed sales throughout the county from the previous year and years’ prior.
A look back in history:

 

  • June 2006 – median price $185,000 (-48.65%) – 872 homes sold
  • June 2007 – median price $184,000 (-48.37%) – 511 homes sold
  • June 2008 – median price $155,000 (-38.71%) – 500 homes sold
  • June 2009 – median price $95,000 – 586 homes sold

Overall Polk Country Real Estate Market 2010

807 existing homes sold – an increase of 3.86% from the previous month (777 sold homes) in Polk County and an increase in sales activity by 37.71% of overall existing homes sold from the previous year of 586.
Overall sales increased marginal by 2.98% in Polk’s median price for existing homes from the previous month to $95,000, however, the median home price from the previous year is showing a decline by 8.21%.

Take a look at the city you live in and see what the numbers are for June 2010 for existing home sales – single-family homes, condominiums, manufactured homes, duplex, villas, and townhomes -including distressed properties 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 Price       Sold Homes

AUBURNDALE 73,500 95,559 22
BABSON PARK 40,000 40,000 1
BARTOW 84,000 88,190 21
CLERMONT 55,000 55,000 1
DAVENPORT 102,000 115,802 208
DUNDEE 48,500 55,025 4
EAGLE LAKE 100,200 95,058 12
EATON PARK 10,000 10,000 1
FORT MEADE 150,000 150,000 1
FROSTPROOF 124,500 181,500 6
HAINES CITY 87,000 95,385 49
INDIAN LAKE ESTATES 133,000 134,833 3
KATHLEEN 89,000 89,000 1
KISSIMMEE 81,600 103,772 18
LAKE ALFRED 110,000 84,891 7
LAKE WALES 62,500 70,260 29
LAKELAND 109,200 118,182 216
LAKESHORE 18,000 18,000 1
MULBERRY 125,990 144,327 23
POINCIANA 77,500 89,180 64
POLK CITY 46,000 79,192 13
WINTER HAVEN 88,050 108,814 106

 

Let me break down June 2010 Polk County existing homes sales into various categories:

  • 656 Single family homes – median price $108,000 – 149 Average Days to Closing
  • 35 Townhomes, villas and duplex units – median price $70,000 – 135 Average Days to Closing
  • 67 Condominiums – median sold price – $72,000 – 101 Average Days on Closing
  • 49 Modular, manufactured/mobile homes in park/out of park – median sold price $54,900 – 177 Average Days on Closing

Let’s take a look at the distressed Polk County real estate market!


There were 331 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,000 with 166 average days to closing, which counted for almost 41% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 59% of our total sales in Polk County for the month of June.

  • 362 sold homes were Bank Owned – median price $82,000 – Average Days to Closing  88.
  • 114 sold homes were Short Sales – median price $99,250 – Average Days to Closing 272

 

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
3 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • July 31 2010 10:22PM

Overall Polk County Market - March 2010

Polk County’s overall existing home sales had a record breaking month, which are shown in the numbers in most major cities throughout Polk County. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout the county from the previous year.

758 existing homes sold – an increase of 21% from the previous month (596 sold homes) in Polk County and an increase in sales activity of 180 Polk County homes sold from the previous year of 578 homes sold.

While overall Polk’s median price for existing homes increased by almost 6% from the previous month to $90,500, the median home price from the previous year is showing a decline by almost 10%. 

Polk County Overall Housing Market - March 2010

Take a look at the city you live in and see what the numbers are for March 2010 for existing home sales - single family homes, condominiums, manufactured homes, duplex, villas, and townhomes -including distressed properties 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

145,000

145,000

1

AUBURNDALE

84,106

76,000

31

BABSON PARK

54,500

54,500

1

BARTOW

80,700

46,250

10

CLERMONT

42,500

42,500

2

DAVENPORT

116,849

103,000

159

DUNDEE

56,233

47,950

6

EAGLE LAKE

90,875

81,500

4

FORT MEADE

38,700

39,950

4

FROSTPROOF

81,188

68,250

8

HAINES CITY

97,724

86,950

50

INDIAN LAKE ESTATES

104,833

35,000

3

KISSIMMEE

76,100

73,500

16

LAKE ALFRED

114,950

114,950

2

LAKE WALES

97,423

77,800

24

LAKELAND

114,518

105,000

235

LAKESHORE

25,000

25,000

1

MULBERRY

86,540

63,000

13

POINCIANA

84,332

72,500

64

POLK CITY

62,622

31,000

9

WINTER HAVEN

93,400

79,000

115

Let me break down March 2010 Polk County existing homes sales into various categories:

  • 660 Single family homes, townhomes, villas and ½ duplex – median sold price $98,300 – 142 Average Days to Closing
  • 40 Condominiums – median sold price - $64,550 – 193 Average Days on Closing
  • 58 Modular, manufactured/mobile homes in park/out of park – median sold price $45,000 – 171 Average Days on Closing

Let’s take a look at the distressed Polk County real estate market!

There were 297 existing homes sold, not categorized as distressed properties, at a median sold price of $114,900 with 183 average days to closing, which counted for almost 39% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 61% of our total sales in Polk County for the month of February.

  • 355 sold homes were Bank Owned – median price $75,000 – Average Days to Closing  79        
  • 105 sold homes were Short Sales – median price $100,000 – Average Days to Closing 273

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
1 comment • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • April 28 2010 08:13AM

Polk County Florida Overall Housing Market - February 2010

Polk County Florida Overall Housing Market - February 2010

Polk County’s overall existing home sales increased and it goes along with what has been reported at state and national level with increased sales for February. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout.

596 existing homes sold – an increase of 19% from the previous month (500 sold homes) in Polk County and an increase in sales activity of 145 Polk County homes sold from the previous year of 451 homes sold.

Polk County Real Estate - February 2010

Overall Polk’s median price for existing homes decreased by 12.5% from the previous month to $85,700 and respectively decreased 15% from the previous year. 

Take a look at the city you live in and see what the numbers are for February 2010 for existing home sales - single family homes, condominiums, manufactured homes, duplex, villas, and townhomes -including distressed properties 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

108,121

100,900

23

BABSON PARK

163,300

56,900

3

BARTOW

90,825

54,000

8

CLERMONT

59,250

63,750

4

DAVENPORT

123,762

110,000

134

DUNDEE

99,633

99,900

3

EAGLE LAKE

42,000

42,000

1

FORT MEADE

45,450

41,000

3

FROSTPROOF

73,317

73,500

3

HAINES CITY

95,050

80,000

36

INDIAN LAKE ESTATES

64,272

64,272

2

KISSIMMEE

83,272

75,500

17

LAKE ALFRED

72,546

61,000

12

LAKE WALES

80,143

62,500

28

LAKELAND

111,819

97,000

153

MULBERRY

120,003

127,000

17

POINCIANA

79,756

70,000

64

POLK CITY

133,359

119,950

6

WINTER HAVEN

110,239

84,900

79

Let me break down February 2010 Polk County existing homes sales into various categories:

  • 514 Single family homes, townhomes, villas and ½ duplex – median sold price $99,000 – 147 Average Days to Closing
  • 39 Condominiums – median sold price - $51,111 – 187 Average Days on Closing
  • 43 Modular, manufactured/mobile homes in park/out of park – median sold price $55,000 – 233 Average Days on Closing

Let’s take a look at the distressed Polk County real estate market!

There were 232 existing homes sold, not categorized as distressed properties, at a median sold price of $111,000 with 200 average days to closing, which counted for almost 39% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 61% of our total sales in Polk County for the month of February.

  • 283 sold homes were Bank Owned – median price $75,000 – Average Days to Closing  87
  • 81 sold homes were Short Sales – median price $98,000 – Average Days to Closing 274

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
3 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • March 27 2010 12:34PM

Appealing your Polk County Property Appraiser’s Market Value Appraisal

Appealing your Polk County Property Appraiser’s Market Value Appraisal

Appealing your property assessment valueTo determine market value or as I would say the property assessment value the Polk County Property Appraiser uses to arrive when assessing your Polk County home for property tax purposes. The Polk County Property Appraiser establishes assessed value by knowing the selling price for similar properties and also takes other factors into consideration, such as:

  • Comparative Value – homes sold recently in an arm’s length transaction
  • Replacement Value – costs to replicate your Polk County home at current material prices and labor costs
  • Methods of property use – Rental home

The Polk County Property Appraiser must find value for every piece in Polk County and all appraisals must be completed by January 1st of each year.

Are you in disagreement with the assessed property value of your Polk County home?

While not a requirement, you are encouraged to have your assessed property value reviewed by going to the Polk County Property Appraiser’s office and discuss the matter with them in person, by phone or email.  Be sure to bring all documents to proof your opinion.  If the Property Appraiser’s office is unable to arrive at an agreement with you.  Keep in mind, while you are discussing your valuation assessment with the Property Appraiser’s office, it certainly  does not stop the expiration date of the deadlines.

You must file a “petition” in order to appeal before you can be heard by the Value Adjustment Board.  Written applications must be filed with the Clerk of the Board of County Commissioners.

Timely Filing of Petition: Petitions related to valuation issues may be filed at any time during the taxable year on or before the 25th day following the mailing of the notice of proposed property taxes.

 

For more information please visit: http://www.polkpa.org/AssessmentInfo/Default.aspx

Bartow Office

255 N. Wilson Ave Phone: 863-534-4777

Bartow, FL 33830 Fax: 863-534-4753

Hours: 8:30am-5:00pm (M-F)

 

Lakeland Office

912 E. Parker St. Phone: 863-413-2549

Lakeland, FL 33801 Fax: 863-413-2550

Hours: 8:30am-5:00pm (M-F)

 

Winter Haven Office

3425 Lake Alfred Rd. Phone: 863-401-2424

3 Gill Jones Plaza Fax: 863-401-2428

Winter Haven, FL 33881 Hours: 8:00am-5:00pm (M-F)

 

Serving buyers and sellers throughout Polk County including cities of Lakeland, Auburndale, Polk City, Bartow, Winter Haven, Kathleen, Highland City, and Mulberry.

Search for Homes in Polk County

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
0 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • March 15 2010 07:31PM

Polk County Existing Home Sales for January 2010

Polk County Existing Home Sales for January 2010

Slow start of the overall Polk County Home Sales in January when comparing sales history for the past year. Although average Polk County home prices have somewhat been stable in recent months, the number of homes sold in Polk County took a nose dive when comparing the number of sales from the past few months. If you are a person that is visual like me, just take a look at the chart below to see what I’m talking about.  Please keep in mind, the figures reflect all homes as indicated below, not just single family homes you see in media reports.

Polk County Housing Market

500 existing homes sold – a decrease of 21% from the previous month (636 sold homes) in Polk County – an increase in sales activity of 111 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes decreased by 1 ¾% from the previous month to $97,950, however remained almost the same from the previous year of $98,000.

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 townhomes -including distressed properties 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 110,675 111,950 16
BARTOW 106,201 80,000 8
CLERMONT 88,000 88,000 1
DAVENPORT 117,716 110,000 122
DUNDEE 75,000 75,000 2
EAGLE LAKE 9,100 9,100 1
FORT MEADE 140,750 106,500 4
FROSTPROOF 64,283 63,000 3
HAINES CITY 91,398 79,900 32
KATHLEEN 40,000 40,000 1
KISSIMMEE 138,545 100,000 11
LAKE ALFRED 92,450 92,450 2
LAKE HAMILTON 60,500 60,500 2
LAKE WALES 64,199 45,000 19
LAKELAND 126,320 112,900 145
MULBERRY 108,136 118,620 14
POINCIANA 85,345 72,000 51
POLK CITY 38,451 47,000 3
WINTER HAVEN 112,701 91,000 63

Let me break down January 2010 Polk County existing homes sales into various categories:

  • 447 Single family homes, townhomes, villas and ½ duplex – median sold price $103,000 – 148 Average Days to Closing
  • 19 Condominiums – median sold price – $65,000 – 149 Average Days on Closing
  • 34 Modular, manufactured/mobile homes in park/out of park – median sold price $56,500 – 233 Average Days to Closing

Let’s take a look at the distressed Polk County real estate market!

There were 183 existing homes sold, not categorized as distressed properties, at a median sold price of $130,000 with 206 average days to closing, which counted for almost 37% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 63% of our total sales in Polk County for the month of January.

  • 234 sold homes were Bank Owned – median price $79,450 – Average Days to Closing  81
  • 83 sold homes were Short Sales – median price $102,000 – Average Days to Closing 247

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
0 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • February 27 2010 04:27PM

Polk County Existing Home Sales for December 2009

Polk County Existing Home Sales for December 2009

Overall Polk County Home Sales rose and prices fell in 2009 from the previous year. Is this true in your neck of the woods? I’m sure you heard about that this is a buyer’s market in the news and media outlets, but is it really? Real Estate still remains very local and real estate statistics in each town or even in each neighborhood/community could differentiate by a great margin resulting in a seller’s market. Therefore consulting with a local Realtor® with market knowledge and experience is essential to your home buying or home selling needs.

636 existing homes sold – an increase of 7.98% from the previous month (589 sold homes) in Polk County – an increase in sales activity of 185 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes decreased by 4.59% from the previous month to $99,700 and declined 18% from the previous year of $122,000.

For a more detailed report such as homes listed by cities throughout Polk County and distressed properties please continue to read by clicking this link

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
0 comments • Petra Norris - Lakeland Florida Realtor® Lakeland FL Homes for Sale • January 31 2010 02:14PM