Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $121,450
    10% ( $10,950 ) vs Apr 2014
  • Median Sales Price
    $68,500
    5% ( $3,500 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $39,650
    17% ( $5,799 ) vs Apr 2014
  • Foreclosures 225
    Homes for Sale 219
    Recently Sold 276

Market Summary

There are currently 225 properties in Lake Wales, FL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 219.

In May, the number of properties that received a foreclosure filing in Lake Wales, FL was 61% higher than the previous month and 11% higher than the same time last year.

Home sales for April 2015 were down 11% compared with the previous month, and down 66% compared with a year ago. The median sales price of a non-distressed home was $68,500. The median sales price of a foreclosure home was $39,650, or 42% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$39,650 (Median Foreclosure Sales Price) $33,851 (Median Foreclosure Sales Price) $47,200 (Median Foreclosure Sales Price) $76,450 (Median Foreclosure Sales Price) $79,900 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $68,500 (Median Sales Price) $65,000 (Median Sales Price) $68,900 (Median Sales Price) $71,000 (Median Sales Price) $71,000 (Median Sales Price) $66,000 (Median Sales Price) $39,650 (Median Foreclosure Sales Price) $33,851 (Median Foreclosure Sales Price) $47,200 (Median Foreclosure Sales Price) $76,450 (Median Foreclosure Sales Price) $79,900 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $68,500 (Median Sales Price) $65,000 (Median Sales Price) $68,900 (Median Sales Price) $71,000 (Median Sales Price) $71,000 (Median Sales Price) $66,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
536
15.5
% (y-o-y)
$135,000
0.0
% (y-o-y)
22.0%
18.5
% (y-o-y)
Winter Haven
145
12.7
% (y-o-y)
$81,500
8.7
% (y-o-y)
25.2%
3.3
% (y-o-y)
Davenport
94
47.2
% (y-o-y)
$145,000
9.8
% (y-o-y)
23.4%
6.7
% (y-o-y)
Haines City
42
33.3
% (y-o-y)
$100,000
48.4
% (y-o-y)
10.9%
41.9
% (y-o-y)
Avon Park
26
58.1
% (y-o-y)
$57,000
3.6
% (y-o-y)
Data not available
Bartow
17
56.4
% (y-o-y)
$81,250
31.0
% (y-o-y)
53.1%
36.3
% (y-o-y)
Frostproof
16
40.7
% (y-o-y)
$60,000
9.1
% (y-o-y)
23.3%
45.5
% (y-o-y)
Babson Park
9
200.0
% (y-o-y)
$64,900
74.0
% (y-o-y)
30.5%
0.0
% (y-o-y)
Fort Meade
6
66.7
% (y-o-y)
$40,000
33.3
% (y-o-y)
47.0%
1.7
% (y-o-y)
Dundee
6
40.0
% (y-o-y)
Data not available
Data not available

Local Info For Lake Wales

Population:
13,884
Cost of Living Index: 104.33
Crime Index: 114.24     Rating: B- View crime details
Schools: 8    Average School Rating: C View individual school rating
Household Median Income: $36,354
Unemployment: 5.70%
Percentage of vacant homes: 20.93%