Overall Polk County Existing Home Sales Surged – March 2011
What if I tell you that the local newspaper, “The Ledger” article on April 21, 2011 – Polk County Home Buying numbers failed to report actual numbers; Polk County Home Buying increased to 829 instead of the reported 496 home sold. The reported county’s median sale price of $93,000 by the local newspaper, it is actual $81,000.
Let’s get the numbers straight – right here!
Polk County’s overall existing home sales in March surged to a total of 829, compared to 653 Polk County Homes sold in February 2011. Overall Average Polk County home prices increased from the previous month to $97,099 by 4%.
A look back in history of Polk County’s overall existing median home prices:
March 2006 – median price $184,900 (-56.19%) – 906 homes sold
March 2007 – median price $178,750 (-54.68%) – 516 homes sold
March 2008 – median price $154,000 (-47.40%) – 449 homes sold
March 2009 – median price $99,900 (-18.92%) – 578 homes sold
March 2010 – median price $90,000 (-10.00%) – 770 homes sold
829 existing homes sold – a 27% increase from the previous month (653) sold homes in Polk County, FL.
Overall median sales increased also by 8.14% to $81,000 from the month prior for homes that were sold in Polk County. Take a look at the city you live in and see what the numbers are for March 2011 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 | 94,261 | 69,900 | 33 |
| BABSON PARK | 171,025 | 137,000 | 4 |
| BARTOW | 76,153 | 66,500 | 26 |
| BRADLEY | 11,000 | 11,000 | 2 |
| CLERMONT | 42,167 | 42,000 | 3 |
| DAVENPORT | 117,856 | 112,450 | 182 |
| DUNDEE | 75,475 | 71,000 | 4 |
| EAGLE LAKE | 33,850 | 33,850 | 2 |
| FORT MEADE | 59,850 | 66,250 | 4 |
| FROSTPROOF | 61,021 | 49,000 | 11 |
| HAINES CITY | 102,296 | 88,500 | 44 |
| HOMELAND | 131,000 | 131,000 | 1 |
| INDIAN LAKE ESTATES | 150,450 | 150,450 | 2 |
| KISSIMMEE | 88,855 | 65,000 | 15 |
| LAKE ALFRED | 54,596 | 40,175 | 7 |
| LAKE HAMILTON | 92,950 | 92,950 | 2 |
| LAKE WALES | 67,833 | 59,000 | 44 |
| LAKELAND | 114,706 | 95,000 | 227 |
| LAKESHORE | 47,000 | 47,000 | 1 |
| LITHIA | 38,500 | 38,500 | 1 |
| MULBERRY | 59,743 | 25,300 | 9 |
| POINCIANA | 76,164 | 66,350 | 64 |
| POLK CITY | 61,634 | 44,950 | 6 |
| WINTER HAVEN | 74,946 | 65,000 | 135 |
What did Polk County Home Buyers buy?
216 homebuyers bought at a price range of $49,999 and below
292 home buyers bought at a price range of $50,000 – $99,999
181 home buyers bought at a price range of $100,000 – $149,999
79 home buyers bought at a price range of $150,000 – $199,999
28 home buyers bought at a price range of $200,000 – $249,999
17 home buyers bought at a price range of $250,000 – $299,999
8 home buyers bought at a price range of $300,000 – $349,999
3 home buyers bought at a price range of $350,000 – $399,999
4 home buyer bought at a price range of $400,000 – $499,999
1 home buyer bought at a price range of $600,000 – $699,999
Almost 62% of buyers bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.
Let me break down March 2011 Polk County existing homes sales into various categories:
675 Single family homes – median price $94,000 – 156 Average Days to Closing
28 Town homes, villas and duplex units – median price $61,250 – 175 Average Days to Closing
47 Condominiums – median sold price – $55,000 – 151 Average Days on Closing
79 Modular, manufactured/mobile homes in park/out of park – median sold price $40,000 – 258 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – March 2011!
There were 318 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $106,000 with 196 average days to closing. Traditional sales counted for almost 38.36% 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 61.52% of our total sales for the month of March.
400 sold homes were foreclosures/REO Bank Owned – median price $65,500 – Average Days to Closing 121.
110 sold homes were Short Sales – median price $99,900 – Average Days to Closing 242.
Copyright © 2011 By Petra Norris * Overall Polk County Existing Home Sales Surged – March 2011*