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Overall Polk County FL Home Prices – July 2010
August 30, 2010 by Petra Norris · Leave a Comment
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
Lakeland FL Homes For Sale – Newly Listed August 1 – August 14, 2010
August 28, 2010 by Petra Norris · Leave a Comment
Lakeland FL Real Estate Update – Short Sale and Foreclosure Market Report July 2010
August 23, 2010 by Petra Norris · Leave a Comment
Lakeland Florida Short Sale and Foreclosure Market Report – July 2010
For the month of July, the Lakeland real estate market of short sales and bank-owned (REO) properties increased its market share from 54% the previous month to 60%. There were a total of 102 properties sold, compared to 117 in June and 71 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
Currently there are a total of 1,976 Lakeland FL homes for sale and 513 homes under contract (8/20/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed in which a buyer could walk away at any given time.
- Bank owned properties – Inventory share is 15.95%
- Short sale properties – Inventory share is 26.67%
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.

- Average days to Closing for bank-owned properties are 99 days
- Average days to Closing for other distressed properties are 261 days.
25 Lakeland Short Sale properties sold – average sold price $123,776 – median sold price $120,000
77 Lakeland Foreclosures (REO) sold – average sold price $68,209 – median sold price $57,500.

Looking for a great deal on Lakeland Short Sales and Lakeland foreclosures, feel free to contact me at petra@petranorris.com or click the search button below.
Lakeland FL Overall Real Estate Market July 2010
August 22, 2010 by Petra Norris · Leave a Comment
Lakeland FL Overall Real Estate Market July 2010
Lakeland real estate Update – So far for this year overall Lakeland Home prices averaging around $117,000 and July’s average overall home price was $116,042. However, only 169 Lakeland Homes sold last month, producing the third lowest numbers of Lakeland Homes sold for this year. Average and median prices declined sharply from the previous year by double digits. Distressed properties continue to be a major contributor in determining market values for Lakeland FL homes with over 60% of the market share.

Lakeland Homes sold in July: 169 – previous month: 216 – previous year July 09: 189 sold
July – average sales price $116,042
Previous month: $118,182 (-1.81%) – previous year July 09: $148,233 (-21.72%)
July – median sales price $99,000
Previous month: $109,200 (-9.16%) – previous year July 09: $130,000 (-23.85%)
The graph below represents average and median home prices in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, townhomes, villas and duplex units.

What are the various average prices in each Lakeland zip code?
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.

A total of 2492 Lakeland homes are for sale and under contract resulting in a 12 months supply, noticing that our inventory increased suggesting that supply continues to be greater than the demand
Let’s break it down for you to see the supply and demand for traditional homes for sale versus the distressed market in the Lakeland real estate market.
Traditional homes only – Inventory active and pending 1427 homes resulting in 24 month of supply.
Distressed properties – Inventory active and pending 1065 homes resulting in a 11 month of supply.
Distressed properties in Lakeland, Florida
For the month of July, Lakeland’s real estate market of distressed homes had a market share of 60%. There were a total of 102 homes sold in July, according to Mid-Florida Regional MLS.
Check back soon for July’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.
If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.
Deadline to Appeal Your Lakeland FL Home’s Assessed Value Looming
August 11, 2010 by Petra Norris · Leave a Comment
- Market value
- Assessed value
- Taxable value
If you don’t agree with the market value, you have the right to appeal your tax assessment by filing a petition to the Value Adjustment Board.
An informal meeting is encouraged to have your estimation of the market value from the assessor’s property appraisal reviewed by going to the Polk County Property Appraiser’s office and discuss the matter. You must file a “petition” in order to appeal before the Value Adjustment Board can hear your case. Completed petitions must be filed with the Value Adjustment Board. The non-refundable filing fee is $15 related to a single parcel, plus $5 for reach contiguous parcel. The petition filing for single parcel in Polk County may also be filed online.
Petitions related to valuation issues may be filed at any time during the taxable year on or before the 25th day following the mailing of the TRIM notices of proposed property taxes. The Value Adjustment Board must receive the petition by the 25th day.
255 N. Wilson Ave Phone: 863-534-4777
Bartow, FL 33830 Fax: 863-534-4753
Hours: 8:30am-5:00pm (M-F)
Lakeland Office
912 E. Parker St. Phone: 863-413-2549
Lakeland, FL 33801 Fax: 863-413-2550
Hours: 8:30am-5:00pm (M-F)
Winter Haven Office
3425 Lake Alfred Rd. Phone: 863-401-2424
3 Gill Jones Plaza Fax: 863-401-2428
Winter Haven, FL 33881 Hours: 8:00am-5:00pm (M-F)




