Polk County Florida Home Prices Rose – September 2011

Overall Average Polk County existing home prices increased from the previous month to $105,365 by a almost 1%.  Polk County FL overall existing median prices have increased as well to $90,000 compared to $82,140 from August 2011 and for a long time an increase from the previous year.  However, Polk County’s overall existing number of home sales in September decreased to a total of 588, compared to 641 Polk County Homes sold in August 2011. .

A look back in history of Polk County’s overall existing median home prices compared to September 2011 median price of $90,000:

Polk County Florida Existing Home Prices on the RiseSeptember 2005 – median price $182,500 (-50.68%) – 930 homes sold

September 2006 – median price $185,000 (-51.35%) – 634 homes sold

September 2007 – median price $170,000 (-47.06%) – 343 homes sold

September 2008 – median price $139,900 (-35.67%) – 476 homes sold

September 2009 – median price $103,000 (-12.62%) – 601 homes sold

September 2010 – median price $85,000 (5.88%) – 628 homes sold

 

Take a look at the city you live in and see what the numbers are for September 2011 for existing home sales – single-family homes, condominiums, manufactured homes, duplex, villas, and town homes -including distressedhomes 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 95,541 90,000        19
BABSON PARK 525,000 525,000          1
BARTOW 73,561 49,950        18
BRADLEY 23,000 23,000          1
DAVENPORT 126,433 118,250      114
DUNDEE 71,945 72,000         3
EAGLE LAKE 87,000 84,000         3
FORT MEADE 54,134 44,990         3
FROSTPROOF 91,200 30,000         5
HAINES CITY 94,559 90,000        27
INDIAN LAKE ESTATES 52,000 52,000          1
KISSIMMEE 101,080 84,000        11
LAKE ALFRED 89,667 111,000          3
LAKE HAMILTON 32,500 32,500          1
LAKE WALES 76,610 53,500         26
LAKELAND 114,886 100,000       186
MULBERRY 108,481 105,000         16
POINCIANA 84,024 75,000         51
POLK CITY 68,632 49,900           5
WINTER HAVEN 95,906 82,000         94


What did Polk County Home Buyers buy?

116 homebuyers bought at a price range of $49,999 and below

209 home buyers bought at a price range of $50,000 – $99,999

148 home buyers bought at a price range of $100,000 – $149,999

72 home buyers bought at a price range of $150,000 – $199,999

14 home buyers bought at a price range of $200,000 – $249,999

10 home buyers bought at a price range of $250,000 – $299,999

12 home buyers bought at a price range of $300,000 – $349,999

2 home buyers bought at a price range of $350,000 – $399,999

3 home buyers bought at a price range of $400,000 – $499,999

2 home buyers bought at a price range of $500,000 – $599,999

 

September sales in Polk County was even between foreclosures and short sales vs. traditional sales.

Most of Polk County home buyers paid cash, in fact 52% of all home buyers in Polk County paid cash.

Let me break down September 2011 Polk County existing homes sales into various categories:

  • 507 Single family homes – median price $100,000 – 178 Average Days to Closing
  • 21 Town homes, villas and duplex units – median price $55,949 – 155 Average Days to Closing
  • 26 Condominiums – median sold price – $49,750 – 127 Average Days on Closing
  • 35 Modular, manufactured/mobile homes in park/out of park – median sold price $35,100 – 168 Average Days on Closing

Overall Polk County’s Foreclosure and Short Sales Prices – September 2011! 

There were 292 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $113,500 with 174 average days to closing.  Traditional sales (equity sales) counted for almost 49.66% of our total sales.

The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales continues to dictate the Polk County real estate market as it accounted for 50.34% of our total sales for the month of September.

  • 157 sold homes were foreclosures/REO Bank Owned – median price $64,934 – Average Days to Closing 109.
  • 139 sold homes were Short Sales – median price $86,000 – Average Days to Closing 249.

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