The Florida Realtors Association reports that existing home sales for April rose by 27% and statewide existing home median price of $140,100 increased by 1% from the previous year in April 2009. Increase in statewide sales activity of 3% was also reported from the previous month as well as 2.3% higher than March’s statewide median existing home price of $137,000.
Polk County’s overall existing home sales continued to improve in April. However, prices continue to drift downwards blaming it widely on discounted distressed sales throughout the county from the previous year.
819 existing homes sold – an increase of 7.45% from the previous month (758 sold homes) in Polk County and an increase in sales activity by 29% of overall existing homes sold from the previous year of 580.
While overall Polk’s median price for existing homes stabilized from the previous month to $91,000, the median home price from the previous year is showing a decline by almost 7%.
Take a look at the city you live in and see what the numbers are for April 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 |
110,292 |
81,000 |
30 |
|
BABSON PARK |
90,067 |
73,000 |
3 |
|
BARTOW |
88,062 |
85,000 |
21 |
|
CLERMONT |
72,000 |
72,000 |
1 |
|
DAVENPORT |
119,276 |
115,000 |
167 |
|
DUNDEE |
53,360 |
62,000 |
5 |
|
EAGLE LAKE |
135,000 |
135,000 |
2 |
|
FORT MEADE |
126,092 |
148,500 |
6 |
|
FROSTPROOF |
109,725 |
104,950 |
4 |
|
HAINES CITY |
97,519 |
86,000 |
47 |
|
INDIAN LAKE ESTATES |
144,333 |
160,000 |
3 |
|
KATHLEEN |
65,000 |
65,000 |
1 |
|
KISSIMMEE |
87,838 |
72,000 |
21 |
|
LAKE ALFRED |
61,600 |
51,000 |
5 |
|
LAKE HAMILTON |
195,782 |
195,782 |
1 |
|
LAKE WALES |
93,936 |
70,000 |
29 |
|
LAKELAND |
110,880 |
95,500 |
244 |
|
MULBERRY |
113,749 |
120,000 |
21 |
|
POINCIANA |
80,499 |
69,000 |
95 |
|
POLK CITY |
76,667 |
75,000 |
3 |
|
WINTER HAVEN |
122,299 |
98,500 |
110 |
Let me break down April 2010 Polk County existing homes sales into various categories:
· 724 Single family homes, townhomes, villas and ½ duplex – median sold price $99,900 – 138 Average Days to Closing
· 42 Condominiums – median sold price – $63,500 – 105 Average Days on Closing
· 53 Modular, manufactured/mobile homes in park/out of park – median sold price $54,000 – 198 Average Days on Closing
Let’s take a look at the distressed Polk County real estate market!
There were 302 existing homes sold, not categorized as distressed properties, at a median sold price of $122,250 with 175 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 April.
· 404 sold homes were Bank Owned – median price $71,498 – Average Days to Closing 82
· 113 sold homes were Short Sales – median price $99,900 – Average Days to Closing 260