Polk County Overall Existing Home Prices – January 2011

Polk County FL Housing MarketPolk County’s overall existing home sales slipped to a total of 545 Polk County Homes sold in January. Average home prices have also declined from the previous month to $93,705 by almost 12.50% resulting in a rough start for the Polk County housing market as traditional home sellers struggle to keep up with homes declining values.

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

  • January 2006 – median price $180,000 (-55.56%) – 618 homes sold
  • January 2007 – median price $189,500 (-57.78%) – 444 homes sold
  • January 2008 – median price $154,350 (-48.17%) – 290 homes sold
  • January 2009 – median price $98,000 (-18.37%) – 389 homes sold
  • January 2010 – median price $97,950 (-18.33%) – 504 homes sold

545 existing homes sold – a 16% decrease from the previous month (648) sold homes in Polk County, FL.

Overall median sales decreased also by 11% to $80,000 for homes that were sold in Polk County. 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 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

AUBURNDALE 75,976 69,500 21
BABSON PARK 227,450 227,450 2
BARTOW 82,713 65,000 15
CLERMONT 42,500 42,500 1
DAVENPORT 115,072 101,975 102
DUNDEE 62,760 55,000 5
EAGLE LAKE 61,166 44,000 4
FORT MEADE 16,200 16,200 2
FROSTPROOF 78,500 78,500 2
HAINES CITY 77,540 75,000 34
KISSIMMEE 94,067 89,000 15
LAKE ALFRED 124,750 124,750 2
LAKE HAMILTON 120,000 120,000 1
LAKE WALES 63,276 53,750 16
LAKELAND 94,095 77,500 169
MULBERRY 98,892 115,000 17
POINCIANA 77,040 60,000 51
POLK CITY 43,160 45,000 5
WINTER HAVEN 99,916 81,000 81

What did Polk County Home Buyers buy?

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

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

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

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

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

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

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

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

1 home buyer bought at a price range of $400,000 – $499,999

1 home buyer bought at a price range of $500,000 – $599,999

Almost 60% of buyers were cash buyers who bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.

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

  • 459 Single family homes – median price $88,000 – 161 Average Days to Closing
  • 31 Town homes, villas and duplex units – median price $63,000 – 122 Average Days to Closing
  • 24 Condominiums – median sold price – $51,250 – 157 Average Days on Closing
  • 40 Modular, manufactured/mobile homes in park/out of park – median sold price $47,950 – 281 Average Days on Closing

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

There were 168 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $108,750 with 217 average days to closing.  Traditional sales counted for almost 31.00% 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 69% of our total sales for the month of January.

  • 281 sold homes were foreclosures/REO Bank Owned – median price $65,000 – Average Days to Closing 107.
  • 96 sold homes were Short Sales – median price $86,150 – Average Days to Closing 255.

Copyright © 2011 By Petra Norris * Polk County Overall Existing Home Prices – January 2011*

2 Responses to “Polk County Overall Existing Home Prices – January 2011”

Read below or add a comment...

  1. Scott Shapiro says:

    I see that your report on existing home sales for Polk County in January 2011 is 545. I noticed that the Florida Sales report for January 2011 by the Fl Assoc of Realtors, show Lakeland/Winter Haven (which I would have thought would be all Polk County, but could be wrong) as 263 SF existing homes and 23 condos.
    Curious to know the difference in numbers.

    Thank you.

    Scott Shapiro

Leave a Reply