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Polk Is The Place
June 30th, 2015 9:52 AM

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According to a recent article in the Lakeland Ledger, Polk County is among the most affordable places to purchase a home in Florida. Even though median sale prices for single-family homes continue to increase, the rise in prices is largely because of supply and demand. 

 There is not enough inventory to meet the demands of the buyers, so sellers have a great opportunity right now.  If the home is priced correctly for the current market, most sellers are getting around 94% of their list price.  Other factors that contribute to the area's affordability are the mortgage interest rates, income and the region's real estate taxes.  Due to the decrease in foreclosures and short sales, more homes are being purchased for residential use and not by investors.  This is adding stability to the area's single-family home market. 

Ridgewood Lakes continues to be a "well kept secret" for many out- of- the- area buyers who typically discover it by "accident."   This community is truly a gem to be discovered and is most often the kind of place in which people dream of living.  The city life of both Orlando and Tampa are not far away, yet residents enjoy a quiet "country" style of living.   

There is a lot of change and growth happening in Northeast Polk County, with commercial and residential construction all around.  More shopping and restaurants are just on the horizon, making this area of Polk County a real treasure in which to live, and the most affordable in Central Florida. 

Posted in:Real Estate
Posted by Allen Doeringer on June 30th, 2015 9:52 AMPost a Comment

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