Overall Polk County Real Estate Market 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

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

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