Polk County Existing Home Sales for January 2010

Slow start of the overall Polk County Home Sales in January when comparing sales history for the past year. Although average Polk County home prices have somewhat been stable in recent months, the number of homes sold in Polk County took a nose dive when comparing the number of sales from the past few months. If you are a person that is visual like me, just take a look at the chart below to see what I’m talking about.  Please keep in mind, the figures reflect all homes as indicated below, not just single family homes you see in media reports.

500 existing homes sold – a decrease of 21% from the previous month (636 sold homes) in Polk County – an increase in sales activity of 111 Polk County homes sold from the previous year. Overall Polk’s median price for existing homes decreased by 1 ¾% from the previous month to $97,950, however remained almost the same from the previous year of $98,000.

Take a look at the city you live in and see what the numbers are for January 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 110,675 111,950 16
BARTOW 106,201 80,000 8
CLERMONT 88,000 88,000 1
DAVENPORT 117,716 110,000 122
DUNDEE 75,000 75,000 2
EAGLE LAKE 9,100 9,100 1
FORT MEADE 140,750 106,500 4
FROSTPROOF 64,283 63,000 3
HAINES CITY 91,398 79,900 32
KATHLEEN 40,000 40,000 1
KISSIMMEE 138,545 100,000 11
LAKE ALFRED 92,450 92,450 2
LAKE HAMILTON 60,500 60,500 2
LAKE WALES 64,199 45,000 19
LAKELAND 126,320 112,900 145
MULBERRY 108,136 118,620 14
POINCIANA 85,345 72,000 51
POLK CITY 38,451 47,000 3
WINTER HAVEN 112,701 91,000 63

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

  • 447 Single family homes, townhomes, villas and ½ duplex – median sold price $103,000 – 148 Average Days to Closing
  • 19 Condominiums – median sold price – $65,000 – 149 Average Days on Closing
  • 34 Modular, manufactured/mobile homes in park/out of park – median sold price $56,500 – 233 Average Days to Closing

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

There were 183 existing homes sold, not categorized as distressed properties, at a median sold price of $130,000 with 206 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 January.

  • 234 sold homes were Bank Owned – median price $79,450 – Average Days to Closing  81
  • 83 sold homes were Short Sales – median price $102,000 – Average Days to Closing 247

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