Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $109,900
    2% ( $1,650 ) vs May 2013
  • Median Sales Price
    $61,500
    5% ( $3,500 ) vs May 2013
  • Median Foreclosure Sales Price
    $54,250
    0% ( $154 ) vs May 2013
  • Foreclosures 362
    Homes for Sale 15
    Recently Sold 659

Market Summary

There are currently 362 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 June, the number of properties that received a foreclosure filing in Lake Wales, FL was 16% lower than the previous month and 41% higher than the same time last year.

Home sales for May 2014 were down 40% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $61,500. The median sales price of a foreclosure home was $54,250, or 12% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$54,250 (Median Foreclosure Sales Price) $54,404 (Median Foreclosure Sales Price) $55,000 (Median Foreclosure Sales Price) $63,800 (Median Foreclosure Sales Price) $68,501 (Median Foreclosure Sales Price) $83,000 (Median Foreclosure Sales Price) $61,500 (Median Sales Price) $65,000 (Median Sales Price) $61,500 (Median Sales Price) $56,500 (Median Sales Price) $51,500 (Median Sales Price) $54,950 (Median Sales Price) $54,250 (Median Foreclosure Sales Price) $54,404 (Median Foreclosure Sales Price) $55,000 (Median Foreclosure Sales Price) $63,800 (Median Foreclosure Sales Price) $68,501 (Median Foreclosure Sales Price) $83,000 (Median Foreclosure Sales Price) $61,500 (Median Sales Price) $65,000 (Median Sales Price) $61,500 (Median Sales Price) $56,500 (Median Sales Price) $51,500 (Median Sales Price) $54,950 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
661
23.3
% (y-o-y)
$137,000
19.1
% (y-o-y)
19.7%
13.1
% (y-o-y)
Davenport
186
8.4
% (y-o-y)
$135,450
4.2
% (y-o-y)
8.7%
5.7
% (y-o-y)
Winter Haven
177
4.1
% (y-o-y)
$72,000
10.0
% (y-o-y)
Data not available
Haines City
63
17.1
% (y-o-y)
$84,100
11.5
% (y-o-y)
Data not available
Avon Park
49
48.5
% (y-o-y)
$56,000
17.0
% (y-o-y)
32.9%
37.0
% (y-o-y)
Bartow
31
14.8
% (y-o-y)
$62,000
8.8
% (y-o-y)
36.6%
18.2
% (y-o-y)
Frostproof
23
53.3
% (y-o-y)
$54,000
18.8
% (y-o-y)
44.4%
0.0
% (y-o-y)
Lake Alfred
9
35.7
% (y-o-y)
$38,300
49.6
% (y-o-y)
1.0%
9.3
% (y-o-y)
Fort Meade
6
40.0
% (y-o-y)
$55,000
20.9
% (y-o-y)
Data not available
Eagle Lake
6
20.0
% (y-o-y)
$60,000
26.4
% (y-o-y)
14.0%
0.0
% (y-o-y)

Local Info For Lake Wales

Population:
13,884
Cost of Living Index: 104.33
Crime Index: 165.83     Rating: C View crime details
Schools: 8    Average School Rating: C View individual school rating
Household Median Income: $36,354
Unemployment: 6.40%
Percentage of vacant homes: 20.93%