Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $51,100
    2% ( $1,100 ) vs Dec 2013
  • Median Sales Price
    $71,500
    21% ( $12,500 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $57,600
    18% ( $8,600 ) vs Dec 2013
  • Foreclosures 284
    Homes for Sale 6
    Recently Sold 432

Market Summary

There are currently 284 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 6.

In January, the number of properties that received a foreclosure filing in Lake Wales, FL was 3% lower than the previous month and 14% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $71,500. The median sales price of a foreclosure home was $57,600, or 19% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$57,600 (Median Foreclosure 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) $71,500 (Median 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) $57,600 (Median Foreclosure 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) $71,500 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
111
82.7
% (y-o-y)
$135,000
3.8
% (y-o-y)
12.6%
11.5
% (y-o-y)
Winter Haven
35
82.2
% (y-o-y)
$85,000
8.3
% (y-o-y)
22.4%
2.7
% (y-o-y)
Davenport
23
87.5
% (y-o-y)
$139,000
3.0
% (y-o-y)
13.7%
5.7
% (y-o-y)
Haines City
7
87.9
% (y-o-y)
$73,750
22.2
% (y-o-y)
Data not available
Bartow
4
90.9
% (y-o-y)
$79,126
11.8
% (y-o-y)
56.5%
35.4
% (y-o-y)
Lake Alfred
3
70.0
% (y-o-y)
$85,000
31.8
% (y-o-y)
Data not available
Fort Meade
3
62.5
% (y-o-y)
$33,000
45.1
% (y-o-y)
36.4%
14.0
% (y-o-y)
Avon Park
2
95.1
% (y-o-y)
$62,000
10.7
% (y-o-y)
44.0%
36.5
% (y-o-y)
Babson Park
1
88.9
% (y-o-y)
$173,600
141.1
% (y-o-y)
Data not available
Dundee
1
85.7
% (y-o-y)
$67,250
8.5
% (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%