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.

Take a look at the city you live in and see what the numbers are for December 2009 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 170,000 170,000 1
AUBURNDALE 130,567 119,000 18
BABSON PARK 125,000 125,000 1
BARTOW 124,190 116,000 10
CLERMONT 69,167 71,000 3
DAVENPORT 131,928 123,925 126
DUNDEE 89,100 89,900 5
EAGLE LAKE 64,500 64,500 2
FORT MEADE 70,000 50,000 3
FROSTPROOF 66,167 56,500 3
HAINES CITY 102,388 87,500 42
HOMELAND 54,900 54,900 1
KISSIMMEE 75,317 67,500 15
LAKE ALFRED 88,207 94,200 6
LAKE WALES 100,233 80,000 21
LAKELAND 123,866 113,950 194
MULBERRY 128,936 133,500 17
POINCIANA 81,444 74,950 80
POLK CITY 72,430 63,000 10
WINTER HAVEN 98,405 92,500 78

Let me break down December 2009 Polk County existing homes sales into various categories:

  • 571 Single family homes, townhomes, villas and ½ duplex – median sold price $105,100 – 150 Average Days on Market
  • 26 Condominiums – median sold price – $72,250 – 136 Average Days on Market
  • 38 Modular, manufactured/mobile homes in park/out of park – median sold price $52,750 – 181 Average Days on Market

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

There were only 258 existing homes sold, not categorized as distressed properties, at a median sold price of $125,000 with 162 average days on market, which counted for 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 December.

  • 300 sold homes were Bank Owned – median price $77,250 – Average Days on Market 45
  • 78 sold homes were Short Sales – median price $110,140 – Average Days on Market 196

Leave a Reply