Overall Polk County FL Existing Home Prices for October 2010
Polk County’s overall existing home sales and prices declined from the previous month for the month of October with a total of 557 properties sold. The number of homes sold for October was the second lowest for this year, reasoning the recent foreclosure moratorium. The decline in home prices remains a constant in the overall existing housing market. According to the Florida Association of Realtors®, Florida’s median housing prices for existing single family homes in October was $136,600 down 3% from the previous year.
The graph below represents average Polk County Existing Home Sales.
A look back in history of Polk County’s existing home prices:
- October 2006 – median price $191,982 (-55.72%) – 630 homes sold
- October 2007 – median price $174,900 (-51.40%) – 395 homes sold
- October 2008 – median price $130,000 (-34.62%) – 444 homes sold
- October 2009 – median price $99,000 (-14.14%) – 617 homes sold
557 existing homes sold – a 11% decrease from the previous month (624) sold homes in Polk County, FL.
Overall sales remained the same at $85,000 in Polk’s median price for existing homes from the previous month however, the Polk’s median home price from the previous year is showing a double-digit decline by 14.14%. Take a look at the city you live in and see what the numbers are for October 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
| ALTURAS | 34,111 | 34,111 | 1 |
| AUBURNDALE | 104,162 | 89,900 | 19 |
| BABSON PARK | 85,000 | 85,000 | 1 |
| BARTOW | 59,244 | 31,777 | 15 |
| DAVENPORT | 108,400 | 94,500 | 118 |
| DUNDEE | 71,500 | 71,500 | 2 |
| EAGLE LAKE | 123,275 | 123,275 | 2 |
| EATON PARK | 20,000 | 20,000 | 1 |
| FORT MEADE | 55,500 | 55,500 | 2 |
| FROSTPROOF | 35,950 | 35,950 | 2 |
| HAINES CITY | 93,040 | 83,000 | 27 |
| KATHLEEN | 97,000 | 97,000 | 1 |
| KISSIMMEE | 96,443 | 71,950 | 22 |
| LAKE ALFRED | 146,940 | 69,300 | 5 |
| LAKE HAMILTON | 29,000 | 29,000 | 1 |
| LAKE WALES | 76,102 | 56,000 | 19 |
| LAKELAND | 114,532 | 90,000 | 166 |
| MULBERRY | 68,558 | 35,000 | 10 |
| POINCIANA | 95,547 | 76,500 | 42 |
| POLK CITY | 83,980 | 87,500 | 5 |
| WINTER HAVEN | 92,886 | 82,875 | 96 |
Let me break down October 2010 Polk County existing homes sales into various categories:
- 463 Single family homes – median price $94,900 – 149 Average Days to Closing
- 24 Town homes, villas and duplex units – median price $75,300 – 176 Average Days to Closing
- 34 Condominiums – median sold price – $55,600 – 147 Average Days on Closing
- 36 Modular, manufactured/mobile homes in park/out of park – median sold price $42,750 – 1821 Average Days on Closing
Overall Polk County’s Foreclosure and Short Sales Prices – October 2010!
There were 199 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $115,000 with 162 average days to closing, which counted for almost 35.73% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 63.27% of our total sales in Polk County for the month of October.
- 252 sold homes were Bank Owned – median price $68,500 – Average Days to Closing 108.
- 106 sold homes were Short Sales – median price $86,500 – Average Days to Closing 237.