Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $139,700
    5% ( $6,750 ) vs Feb 2015
  • Median Sales Price
    $69,000
    11% ( $7,000 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $46,800
    1% ( $300 ) vs Feb 2015
  • Foreclosures 213
    Homes for Sale 180
    Recently Sold 577

Market Summary

There are currently 213 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 180.

In March, the number of properties that received a foreclosure filing in Lake Wales, FL was 7% higher than the previous month and 9% lower than the same time last year.

Home sales for February 2016 were down 13% compared with the previous month, and up 21% compared with a year ago. The median sales price of a non-distressed home was $69,000. The median sales price of a foreclosure home was $46,800, or 32% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$46,800 (Median Foreclosure Sales Price) $46,500 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $52,000 (Median Foreclosure Sales Price) $50,200 (Median Foreclosure Sales Price) $52,550 (Median Foreclosure Sales Price) $69,000 (Median Sales Price) $62,000 (Median Sales Price) $59,000 (Median Sales Price) $57,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $46,800 (Median Foreclosure Sales Price) $46,500 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $52,000 (Median Foreclosure Sales Price) $50,200 (Median Foreclosure Sales Price) $52,550 (Median Foreclosure Sales Price) $69,000 (Median Sales Price) $62,000 (Median Sales Price) $59,000 (Median Sales Price) $57,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
527
66.8
% (y-o-y)
$150,000
11.1
% (y-o-y)
16.7%
19.7
% (y-o-y)
Winter Haven
187
81.6
% (y-o-y)
$96,000
1.4
% (y-o-y)
21.7%
24.0
% (y-o-y)
Davenport
150
54.6
% (y-o-y)
$157,900
8.9
% (y-o-y)
17.0%
24.1
% (y-o-y)
Haines City
65
38.3
% (y-o-y)
$110,000
44.7
% (y-o-y)
37.0%
3.4
% (y-o-y)
Avon Park
41
32.3
% (y-o-y)
$69,100
25.5
% (y-o-y)
27.5%
37.0
% (y-o-y)
Bartow
36
89.5
% (y-o-y)
$80,000
2.4
% (y-o-y)
45.5%
53.8
% (y-o-y)
Frostproof
20
17.6
% (y-o-y)
$55,000
16.0
% (y-o-y)
12.9%
57.3
% (y-o-y)
Fort Meade
11
37.5
% (y-o-y)
$46,500
9.4
% (y-o-y)
Data not available
Lake Alfred
10
25.0
% (y-o-y)
$66,250
2.7
% (y-o-y)
8.5%
35.0
% (y-o-y)
Babson Park
7
133.3
% (y-o-y)
$89,000
57.5
% (y-o-y)
Data not available

Local Info For Lake Wales

Population:
13,884
Cost of Living Index: 104.33
Crime Index: 73.35     Rating: B View crime details
Schools: 8    Average School Rating: C View individual school rating
Household Median Income: $36,354
Unemployment: 5.20%
Percentage of vacant homes: 20.93%

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