Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $52,200
    8% ( $4,300 ) vs Oct 2013
  • Median Sales Price
    $66,000
    2% ( $1,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $49,000
    0% ( $0 ) vs Oct 2013
  • Foreclosures 303
    Homes for Sale 13
    Recently Sold 639

Market Summary

There are currently 303 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 13.

In November, the number of properties that received a foreclosure filing in Lake Wales, FL was 15% lower than the previous month and 42% higher than the same time last year.

Home sales for October 2014 were down 22% compared with the previous month, and up 33% compared with a year ago. The median sales price of a non-distressed home was $66,000. The median sales price of a foreclosure home was $49,000, or 26% 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) $46,000 (Median Foreclosure Sales Price) $40,100 (Median Foreclosure Sales Price) $50,000 (Median Foreclosure Sales Price) $54,250 (Median Foreclosure 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) $61,500 (Median 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) $54,250 (Median Foreclosure 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) $61,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
584
34.6
% (y-o-y)
$136,000
8.8
% (y-o-y)
13.4%
16.0
% (y-o-y)
Winter Haven
173
36.2
% (y-o-y)
$95,950
23.0
% (y-o-y)
31.7%
26.9
% (y-o-y)
Davenport
166
28.7
% (y-o-y)
$146,000
6.5
% (y-o-y)
7.6%
10.3
% (y-o-y)
Haines City
72
16.1
% (y-o-y)
$85,000
3.7
% (y-o-y)
5.9%
0.6
% (y-o-y)
Avon Park
37
17.8
% (y-o-y)
$52,000
6.1
% (y-o-y)
12.8%
25.0
% (y-o-y)
Bartow
34
17.2
% (y-o-y)
$64,250
2.8
% (y-o-y)
1.5%
28.3
% (y-o-y)
Frostproof
21
110.0
% (y-o-y)
$39,000
14.8
% (y-o-y)
Data not available
Dundee
9
80.0
% (y-o-y)
$43,750
29.4
% (y-o-y)
Data not available
Eagle Lake
7
250.0
% (y-o-y)
$77,850
19.8
% (y-o-y)
Data not available
Fort Meade
6
14.3
% (y-o-y)
$42,000
30.0
% (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: 6.80%
Percentage of vacant homes: 20.93%