Overall Polk County Existing Home Prices – June 2011

Overall Polk County Existing Home Prices – June 2011


Overall Average Polk County home prices decreased from the previous month to $100,625 by almost 2%. Polk County’s overall existing home sales in June declined to a total of 660, compared to 683 Polk County Homes sold in May 2011. 

 

A look back in history of Polk County’s overall existing median home prices:

June 2005 – median price $170,000 (-50.00%) – 1029 homes sold

June 2006 – median price $185,000 (-54.05%) – 874 homes sold

June 2007 – median price $184,000 (-53.80%) – 511 homes sold

June 2008 – median price $155,000 (-45.16%) – 500 homes sold

June 2009 – median price $104,000 (–18.27%) – 587 homes sold

June 2010 – median price $94,900 (-10.43%) – 831 homes sold


Overall median sales decreased also by 2.30% to $85,000 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 June 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 165,498 104,000 17
BABSON PARK 72,000 72,000 2
BARTOW 82,364 60,000 24
CLERMONT 55,000 55,000 1
DAVENPORT 127,603 125,000 136
DUNDEE 56,667 75,000 3
EAGLE LAKE 48,255 46,060 4
FORT MEADE 37,000 37,000 2
FROSTPROOF 64,225 40,000 4
HAINES CITY 86,185 85,000 38
KISSIMMEE 119,940 89,900 13
LAKE WALES 103,687 85,000 31
LAKELAND 94,891 80,495 222
LAKESHORE 19,900 19,900 1
MULBERRY 70,846 60,000 13
POINCIANA 73,966 62,500 49
POLK CITY 121,192 91,750 6
WINTER HAVEN 95,299 73,500 94

What did Polk County Home Buyers buy?

146 homebuyers bought at a price range of $49,999 and below

248 home buyers bought at a price range of $50,000 – $99,999

149 home buyers bought at a price range of $100,000 – $149,999

63 home buyers bought at a price range of $150,000 – $199,999

26 home buyers bought at a price range of $200,000 – $249,999

14 home buyers bought at a price range of $250,000 – $299,999

7 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

3 home buyers bought at a price range of $400,000 – $499,999


Around 55% of buyers bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.

Almost 54% of all home buyers in Polk County paid cash.

Let me break down June 2011 Polk County existing homes sales into various categories:

541 Single family homes – median price $94,250 – 179 Average Days to Closing 

43 Town homes, villas and duplex units – median price $56,000 – 175 Average Days to Closing 

29 Condominiums – median sold price – $67,000 – 171 Average Days on Closing

47 Modular, manufactured/mobile homes in park/out of park – median sold price $40,100 – 171 Average Days on Closing

Overall Polk County’s Foreclosure and Short Sales Prices – June 2011! 

There were 296 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,250 with 177 average days to closing.  Traditional sales counted for almost 45.85% 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 54.15% of our total sales for the month of June.

226 sold homes were foreclosures/REO Bank Owned – median price $67,551 – Average Days to Closing 120.

138 sold homes were Short Sales – median price $75,500 – Average Days to Closing 274.

Copyright © 2011 By Petra Norris *Overall Polk County Existing Home Prices – June 2011*

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