Florida real estate agents on Monday were awarded one of the first major settlements with the $20
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Florida real estate agents to share $16 million of BP payout
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Fishers firm to aid Gulf real estate professionals
A Fishers company has been chosen to handle oil spill disaster relief for real estate professionals working in five Gulf Coast states.
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401K Withdrawal or Bankruptcy? Which One Is Better?
As a Consumer and Bankruptcy Attorney, I meet with people everyday to discuss Bankruptcy and other available Consumer remedies. I always tell people not to touch their retirement savings because a 401K and IRA are protected 99.99% of the time when a consumer files for bankruptcy.
Recently, Fidelity released its report on the status of the 401(k) programs that it manages. Some of the highlights, or perhaps better described as lowlights, “(1) participants who borrowed or initiated an application to borrow from their plans reached a 10 year record high and (2) nearly 45% of borrowers who received a hardship withdrawal in the past year took another one this year.”
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Overall Polk County Existing Home Sales for July 2010
Overall Polk County Existing Home Sales 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 – an 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%.
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 sales 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
Search for your next home anywhere in Lakeland Florida or anywhere in Polk County by clicking the search button right here below:
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris – REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.
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Lakeland FL Homes For Sale – Real Estate Update for August 1st – August 14, 2010
Lakeland FL Homes For Sale – Real Estate Update for August 1st – August 14, 2010Update for the Lakeland Real Estate market! Newly listed homes for the period of August 1st – August 14, 2010. A total of 143 Lakeland FL homes were recently listed with area Realtors®. The average sales price of Lakeland home for sale increased to $161,693.03 from my previous report. The total inventory of Lakeland homes is 1994 as of 08/27/2010.
The types of homes and average prices for sale in Lakeland, Florida according to the Multiple Listing Services (MLS) are as follows:2 duplex listed with an average sales price of $59,2003 condos listed with an average sales price of $43,63312 manufactured/mobile homes listed with an average sales price of $67,7584 townhomes/villas listed with an average sales price of $105,250122 single family homes with an average sales price of $177,366Lakeland’s newest home for sale just listed! The priciest home listed for this time period is a 2000 custom built home featuring 4 bedrooms 3 1/2 baths with over 4,700 square feet of living space. The water front home is situated in the Lionspaw subdivision overlooking Lake Hollingsworth, it is offered at $1,000,000. On the contrary, the cheapest Lakeland home listed for this time period is a bank-owned 3 bedroom 2 baths home in the Palmore C W subdivision. It is offered at $21,000All data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”.Lakeland FL Homes for Sale – take a look at the breakdown by zip code:33801 – 21 with an average sales price of $67,89333803 – 14 with an average sales price of $246,88633805 – 07 with an average sales price of $142,75733809 – 17 with an average sales price of $141,68233810 – 33 with an average sales price of $157,61133811 – 12 with an average sales price of $130,19233812 – 08 with an average sales price of $222,55033813 – 27 with an average sales price of $226,53733815 – 04 with an average sales price of $42,925Update on Lakeland FL Foreclosures and Short Sales:A total of 693 Lakeland homes are currently actively being marketed that are facing foreclosure. There were 69 Lakeland homes newly listed in the distressed category as Bank Owned and Short Sale with an average price of $109,010 or $62.21 per square foot.August Update on “Sold & Pending” for Lakeland Real Estate134 Lakeland homes so far sold in August with an average sales price of $112,270 There are currently 516 Lakeland homes in “pending” status awaiting to close according to the Multiple Listing. Check back soon for my detailed market report for Lakeland homes sold for August.Looking for your next Lakeland FL home currently for sale, it is all right here with the click of your mouse – just click away!
