Overall Polk County Existing Home Sales for April 2010

The Florida Realtors Association reports that existing home sales for April rose by 27% and statewide existing home median price of $140,100 increased by 1% from the previous year in April 2009. Increase in statewide sales activity of 3% was also reported from the previous month as well as 2.3% higher than March’s statewide median existing home price of $137,000.

Polk County’s overall existing home sales continued to improve in April. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout the county from the previous year.

819 existing homes sold – an increase of 7.45% from the previous month (758 sold homes) in Polk County and an increase in sales activity by 29% of overall existing homes sold from the previous year of 580.

While overall Polk’s median price for existing homes stabilized from the previous month to $91,000, the median home price from the previous year is showing a decline by almost 7%.

Take a look at the city you live in and see what the numbers are for April 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

110,292

81,000

30

BABSON PARK

90,067

73,000

3

BARTOW

88,062

85,000

21

CLERMONT

72,000

72,000

1

DAVENPORT

119,276

115,000

167

DUNDEE

53,360

62,000

5

EAGLE LAKE

135,000

135,000

2

FORT MEADE

126,092

148,500

6

FROSTPROOF

109,725

104,950

4

HAINES CITY

97,519

86,000

47

INDIAN LAKE ESTATES

144,333

160,000

3

KATHLEEN

65,000

65,000

1

KISSIMMEE

87,838

72,000

21

LAKE ALFRED

61,600

51,000

5

LAKE HAMILTON

195,782

195,782

1

LAKE WALES

93,936

70,000

29

LAKELAND

110,880

95,500

244

MULBERRY

113,749

120,000

21

POINCIANA

80,499

69,000

95

POLK CITY

76,667

75,000

3

WINTER HAVEN

122,299

98,500

110


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

· 724 Single family homes, townhomes, villas and ½ duplex – median sold price $99,900 – 138 Average Days to Closing

· 42 Condominiums – median sold price – $63,500 – 105 Average Days on Closing

· 53 Modular, manufactured/mobile homes in park/out of park – median sold price $54,000 – 198 Average Days on Closing


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

There were 302 existing homes sold, not categorized as distressed properties, at a median sold price of $122,250 with 175 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 April.

· 404 sold homes were Bank Owned – median price $71,498 – Average Days to Closing  82

· 113 sold homes were Short Sales – median price $99,900 – Average Days to Closing 260

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