Overall Polk County Existing Home Prices for July 2010
Polk County’s overall existing home sales still strong for numbers of homes sold for the Month of July with a total of 617 properties sold despite the declining home prices and the end of the first-time homebuyer tax credit. Prices continue to decrease downwards blaming it still widely on discounted distressed sales throughout the county from the previous year and years’ prior.
A look back in history:
- July 2006 – median price $185,000 (-51.41%) – 721 homes sold
- July 2007 – median price $180,000 (-50.06%) – 437 homes sold
- July 2008 – median price $147,575 (-39.08%) – 462 homes sold
- July 2009 – median price $108,000 (-16.76%) – 598 homes sold
617 existing homes sold – a decrease of 23.54% from the previous month (807 sold homes) in Polk County, FL.
Overall sales decreased marginally to $89,000 in Polk’s median price for existing homes from the previous month of $95,000, however, the Polk’s median home price from the previous year is showing a double-digit decline by 16.76%.
Take a look at the city you live in and see what the numbers are for July 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 | 92,681 | 85,000 | 26 |
| BABSON PARK | 546,000 | 546,000 | 2 |
| BARTOW | 120,315 | 64,500 | 13 |
| DAVENPORT | 120,018 | 110,000 | 144 |
| DUNDEE | 55,475 | 59,450 | 4 |
| EAGLE LAKE | 101,025 | 98,000 | 4 |
| FORT MEADE | 45,667 | 45,000 | 3 |
| FROSTPROOF | 34,667 | 25,000 | 3 |
| HAINES CITY | 100,743 | 70,100 | 27 |
| HIGHLAND CITY | 40,700 | 40,700 | 2 |
| KISSIMMEE | 92,031 | 69,000 | 16 |
| LAKE ALFRED | 88,806 | 98,475 | 8 |
| LAKE HAMILTON | 90,000 | 90,000 | 1 |
| LAKE WALES | 88,548 | 71,750 | 28 |
| LAKELAND | 115,453 | 98,950 | 170 |
| MULBERRY | 115,239 | 124,950 | 14 |
| POINCIANA | 86,853 | 74,750 | 59 |
| POLK CITY | 45,560 | 35,250 | 4 |
| WINTER HAVEN | 102,240 | 75,000 | 89 |
Let me break down July 2010 Polk County existing homes prices into various categories:
- 520 Single family homes – median price $100,000 – 150 Average Days to Closing
- 31 Townhomes, villas and duplex units – median price $55,000 – 138 Average Days to Closing
- 37 Condominiums – median sold price – $70,450 – 119 Average Days on Closing
- 30 Modular, manufactured/mobile homes in park/out of park – median sold price $39,000 – 176 Average Days on Closing
Let’s take a look at the distressed Polk County real estate market!
There were 215 existing Polk County homes sold, not categorized as distressed properties, at a median sold price of $125,000 with 169 average days to closing, which counted for almost 34.85% of our total sales. The distressed properties however; which includes Bank owned, pre-foreclosure, in foreclosure and short sales counted for 65.15% of our total sales in Polk County for the month of July.
- 307 sold homes were Bank Owned – median price $73,000 – Average Days to Closing 94.
- 95 sold homes were Short Sales – median price $95,000 – Average Days to Closing 280