Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $52,200
    0% ( $0 ) vs Nov 2013
  • Median Sales Price
    $59,000
    11% ( $7,000 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $49,000
    0% ( $0 ) vs Nov 2013
  • Foreclosures 292
    Homes for Sale 15
    Recently Sold 541

Market Summary

There are currently 292 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 15.

In December, the number of properties that received a foreclosure filing in Lake Wales, FL was 9% lower than the previous month and 11% higher than the same time last year.

Home sales for November 2014 were down 67% compared with the previous month, and down 63% compared with a year ago. The median sales price of a non-distressed home was $59,000. The median sales price of a foreclosure home was $49,000, or 17% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$49,000 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $46,000 (Median Foreclosure Sales Price) $40,100 (Median Foreclosure Sales Price) $50,000 (Median Foreclosure Sales Price) $59,000 (Median Sales Price) $66,000 (Median Sales Price) $65,000 (Median Sales Price) $71,000 (Median Sales Price) $69,700 (Median Sales Price) $69,950 (Median Sales Price) $49,000 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $46,000 (Median Foreclosure Sales Price) $40,100 (Median Foreclosure Sales Price) $50,000 (Median Foreclosure Sales Price) $59,000 (Median Sales Price) $66,000 (Median Sales Price) $65,000 (Median Sales Price) $71,000 (Median Sales Price) $69,700 (Median Sales Price) $69,950 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
193
66.8
% (y-o-y)
$137,500
10.0
% (y-o-y)
12.7%
10.8
% (y-o-y)
Winter Haven
86
34.4
% (y-o-y)
$91,600
27.2
% (y-o-y)
38.6%
18.7
% (y-o-y)
Davenport
65
44.4
% (y-o-y)
$145,000
8.0
% (y-o-y)
15.9%
9.0
% (y-o-y)
Avon Park
27
8.0
% (y-o-y)
$58,950
0.8
% (y-o-y)
33.1%
23.1
% (y-o-y)
Haines City
17
56.4
% (y-o-y)
$80,000
6.1
% (y-o-y)
Data not available
Bartow
9
78.6
% (y-o-y)
$79,126
13.0
% (y-o-y)
33.9%
33.4
% (y-o-y)
Frostproof
7
41.7
% (y-o-y)
$36,000
12.6
% (y-o-y)
Data not available
Lake Alfred
5
0.0
% (y-o-y)
$60,050
32.1
% (y-o-y)
Data not available
Fort Meade
3
66.7
% (y-o-y)
$35,000
35.2
% (y-o-y)
Data not available
Babson Park
3
0.0
% (y-o-y)
$192,200
186.9
% (y-o-y)
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: 6.60%
Percentage of vacant homes: 20.93%