Overall Polk County FL Existing Home Prices for October 2010

Overall Polk County FL Existing Home Prices for October 2010

Polk County’s overall existing home sales and prices declined from the previous month for the month of October with a total of 557 properties sold.   The number of homes sold for October was the second lowest for this year, reasoning the recent foreclosure moratorium.  The decline in home prices remains a constant in the overall existing housing market. According to the Florida Association of Realtors®, Florida’s median housing prices for existing single family homes in October was $136,600 down 3% from the previous year.

The graph below represents average Polk County Existing Home Sales.

Polk County Home Sales

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

  • October 2006 – median price $191,982 (-55.72%) – 630 homes sold
  • October 2007 – median price $174,900 (-51.40%) – 395 homes sold
  • October 2008 – median price $130,000 (-34.62%) – 444 homes sold
  • October 2009 – median price $99,000 (-14.14%) – 617 homes sold

557 existing homes sold – a 11% decrease from the previous month (624) sold homes in Polk County, FL.

Overall sales remained the same at $85,000 in Polk’s median price for existing homes from the previous month however, the Polk’s median home price from the previous year is showing a double-digit decline by 14.14%. Take a look at the city you live in and see what the numbers are for October 2010 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 34,111 34,111 1
AUBURNDALE 104,162 89,900 19
BABSON PARK 85,000 85,000 1
BARTOW 59,244 31,777 15
DAVENPORT 108,400 94,500 118
DUNDEE 71,500 71,500 2
EAGLE LAKE 123,275 123,275 2
EATON PARK 20,000 20,000 1
FORT MEADE 55,500 55,500 2
FROSTPROOF 35,950 35,950 2
HAINES CITY 93,040 83,000 27
KATHLEEN 97,000 97,000 1
KISSIMMEE 96,443 71,950 22
LAKE ALFRED 146,940 69,300 5
LAKE HAMILTON 29,000 29,000 1
LAKE WALES 76,102 56,000 19
LAKELAND 114,532 90,000 166
MULBERRY 68,558 35,000 10
POINCIANA 95,547 76,500 42
POLK CITY 83,980 87,500 5
WINTER HAVEN 92,886 82,875 96

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

  • 463 Single family homes – median price $94,900 – 149 Average Days to Closing
  • 24 Town homes, villas and duplex units – median price $75,300 – 176 Average Days to Closing
  • 34 Condominiums – median sold price – $55,600 – 147 Average Days on Closing
  • 36 Modular, manufactured/mobile homes in park/out of park – median sold price $42,750 – 1821 Average Days on Closing

Overall Polk County’s Foreclosure and Short Sales Prices – October 2010!

There were 199 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,000 with 162 average days to closing, which counted for almost 35.73% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 63.27% of our total sales in Polk County for the month of October.

  • 252 sold homes were Bank Owned – median price $68,500 – Average Days to Closing 108.
  • 106 sold homes were Short Sales – median price $86,500 – Average Days to Closing 237.
Copyright © 2010 By Petra Norris * Overall Polk County Existing Home Prices for October 2010*

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