Overall Polk County Existing Home Prices – June 2011
Overall Average Polk County home prices decreased from the previous month to $100,625 by almost 2%. Polk County’s overall existing home sales in June declined to a total of 660, compared to 683 Polk County Homes sold in May 2011.
A look back in history of Polk County’s overall existing median home prices:
June 2005 – median price $170,000 (-50.00%) – 1029 homes sold
June 2006 – median price $185,000 (-54.05%) – 874 homes sold
June 2007 – median price $184,000 (-53.80%) – 511 homes sold
June 2008 – median price $155,000 (-45.16%) – 500 homes sold
June 2009 – median price $104,000 (–18.27%) – 587 homes sold
June 2010 – median price $94,900 (-10.43%) – 831 homes sold
Overall median sales decreased also by 2.30% to $85,000 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 June 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 | 165,498 | 104,000 | 17 |
| BABSON PARK | 72,000 | 72,000 | 2 |
| BARTOW | 82,364 | 60,000 | 24 |
| CLERMONT | 55,000 | 55,000 | 1 |
| DAVENPORT | 127,603 | 125,000 | 136 |
| DUNDEE | 56,667 | 75,000 | 3 |
| EAGLE LAKE | 48,255 | 46,060 | 4 |
| FORT MEADE | 37,000 | 37,000 | 2 |
| FROSTPROOF | 64,225 | 40,000 | 4 |
| HAINES CITY | 86,185 | 85,000 | 38 |
| KISSIMMEE | 119,940 | 89,900 | 13 |
| LAKE WALES | 103,687 | 85,000 | 31 |
| LAKELAND | 94,891 | 80,495 | 222 |
| LAKESHORE | 19,900 | 19,900 | 1 |
| MULBERRY | 70,846 | 60,000 | 13 |
| POINCIANA | 73,966 | 62,500 | 49 |
| POLK CITY | 121,192 | 91,750 | 6 |
| WINTER HAVEN | 95,299 | 73,500 | 94 |
What did Polk County Home Buyers buy?
146 homebuyers bought at a price range of $49,999 and below
248 home buyers bought at a price range of $50,000 – $99,999
149 home buyers bought at a price range of $100,000 – $149,999
63 home buyers bought at a price range of $150,000 – $199,999
26 home buyers bought at a price range of $200,000 – $249,999
14 home buyers bought at a price range of $250,000 – $299,999
7 home buyers bought at a price range of $300,000 – $349,999
4 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
Around 55% of buyers bought the majority of the Polk County homes that were listed as REO/foreclosures and Short Sales.
Almost 54% of all home buyers in Polk County paid cash.
Let me break down June 2011 Polk County existing homes sales into various categories:
541 Single family homes – median price $94,250 – 179 Average Days to Closing
43 Town homes, villas and duplex units – median price $56,000 – 175 Average Days to Closing
29 Condominiums – median sold price – $67,000 – 171 Average Days on Closing
47 Modular, manufactured/mobile homes in park/out of park – median sold price $40,100 – 171 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – June 2011!
There were 296 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,250 with 177 average days to closing. Traditional sales counted for almost 45.85% 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 54.15% of our total sales for the month of June.
226 sold homes were foreclosures/REO Bank Owned – median price $67,551 – Average Days to Closing 120.
138 sold homes were Short Sales – median price $75,500 – Average Days to Closing 274.