Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $124,900
    4% ( $4,900 ) vs May 2014
  • Median Sales Price
    $69,000
    1% ( $500 ) vs May 2014
  • Median Foreclosure Sales Price
    $35,100
    11% ( $4,550 ) vs May 2014
  • Foreclosures 230
    Homes for Sale 216
    Recently Sold 222

Market Summary

There are currently 230 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 216.

In June, the number of properties that received a foreclosure filing in Lake Wales, FL was 14% lower than the previous month and 13% higher than the same time last year.

Home sales for May 2015 were down 48% compared with the previous month, and down 70% 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 $35,100, or 49% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$35,100 (Median Foreclosure 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) $69,000 (Median 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) $35,100 (Median Foreclosure 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) $69,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
384
40.3
% (y-o-y)
$142,100
5.3
% (y-o-y)
26.1%
18.5
% (y-o-y)
Winter Haven
89
49.4
% (y-o-y)
$88,000
21.2
% (y-o-y)
31.6%
7.3
% (y-o-y)
Davenport
67
62.4
% (y-o-y)
$143,500
3.8
% (y-o-y)
24.0%
10.6
% (y-o-y)
Avon Park
40
18.4
% (y-o-y)
$61,000
8.9
% (y-o-y)
7.9%
32.9
% (y-o-y)
Haines City
26
58.7
% (y-o-y)
$111,250
32.3
% (y-o-y)
33.2%
13.6
% (y-o-y)
Bartow
21
32.3
% (y-o-y)
$93,450
50.7
% (y-o-y)
60.3%
36.6
% (y-o-y)
Frostproof
8
65.2
% (y-o-y)
$64,000
18.5
% (y-o-y)
Data not available
Fort Meade
5
16.7
% (y-o-y)
$51,500
8.8
% (y-o-y)
64.9%
18.6
% (y-o-y)
Eagle Lake
4
33.3
% (y-o-y)
Data not available
Data not available
Lake Alfred
4
55.6
% (y-o-y)
$37,000
11.2
% (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: 6.20%
Percentage of vacant homes: 20.93%