Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $129,900
    4% ( $5,000 ) vs Jun 2014
  • Median Sales Price
    $68,750
    0% ( $250 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $38,500
    10% ( $3,400 ) vs Jun 2014
  • Foreclosures 194
    Homes for Sale 203
    Recently Sold 192

Market Summary

There are currently 194 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 203.

In July, the number of properties that received a foreclosure filing in Lake Wales, FL was 7% lower than the previous month and 38% higher than the same time last year.

Home sales for June 2015 were up 41% compared with the previous month, and down 51% compared with a year ago. The median sales price of a non-distressed home was $68,750. The median sales price of a foreclosure home was $38,500, or 44% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$38,500 (Median Foreclosure 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) $68,750 (Median 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) $38,500 (Median Foreclosure 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) $68,750 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
288
47.2
% (y-o-y)
$142,050
5.2
% (y-o-y)
28.9%
17.0
% (y-o-y)
Winter Haven
105
30.5
% (y-o-y)
$87,000
10.1
% (y-o-y)
35.3%
5.1
% (y-o-y)
Davenport
84
50.0
% (y-o-y)
$146,500
4.7
% (y-o-y)
26.9%
10.7
% (y-o-y)
Haines City
32
40.7
% (y-o-y)
$116,303
36.8
% (y-o-y)
24.4%
12.9
% (y-o-y)
Bartow
28
17.6
% (y-o-y)
$125,500
69.6
% (y-o-y)
65.6%
45.9
% (y-o-y)
Avon Park
27
6.9
% (y-o-y)
$64,263
0.4
% (y-o-y)
16.9%
37.8
% (y-o-y)
Frostproof
11
8.3
% (y-o-y)
$61,500
1.6
% (y-o-y)
65.0%
0.0
% (y-o-y)
Lake Alfred
5
37.5
% (y-o-y)
$35,000
22.2
% (y-o-y)
Data not available
Dundee
5
64.3
% (y-o-y)
Data not available
Data not available
Fort Meade
5
54.5
% (y-o-y)
$63,000
0.8
% (y-o-y)
25.2%
7.2
% (y-o-y)

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%