Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $139,900
    0% ( $200 ) vs Mar 2015
  • Median Sales Price
    $70,000
    1% ( $1,000 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $51,500
    10% ( $4,700 ) vs Mar 2015
  • Foreclosures 213
    Homes for Sale 193
    Recently Sold 582

Market Summary

There are currently 213 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 193.

In April, the number of properties that received a foreclosure filing in Lake Wales, FL was 19% higher than the previous month and 19% higher than the same time last year.

Home sales for March 2016 were up 79% compared with the previous month, and up 127% compared with a year ago. The median sales price of a non-distressed home was $70,000. The median sales price of a foreclosure home was $51,500, or 26% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$51,500 (Median Foreclosure Sales Price) $46,800 (Median Foreclosure Sales Price) $46,500 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $52,000 (Median Foreclosure Sales Price) $50,200 (Median Foreclosure Sales Price) $70,000 (Median Sales Price) $69,000 (Median Sales Price) $62,000 (Median Sales Price) $59,000 (Median Sales Price) $57,500 (Median Sales Price) $0 (Median Sales Price) $51,500 (Median Foreclosure Sales Price) $46,800 (Median Foreclosure Sales Price) $46,500 (Median Foreclosure Sales Price) $48,000 (Median Foreclosure Sales Price) $52,000 (Median Foreclosure Sales Price) $50,200 (Median Foreclosure Sales Price) $70,000 (Median Sales Price) $69,000 (Median Sales Price) $62,000 (Median Sales Price) $59,000 (Median Sales Price) $57,500 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
609
78.6
% (y-o-y)
$155,000
14.8
% (y-o-y)
18.7%
19.3
% (y-o-y)
Winter Haven
222
113.5
% (y-o-y)
$105,000
22.8
% (y-o-y)
23.0%
28.5
% (y-o-y)
Davenport
182
139.5
% (y-o-y)
$155,000
3.9
% (y-o-y)
25.1%
24.9
% (y-o-y)
Haines City
80
196.3
% (y-o-y)
$111,000
32.1
% (y-o-y)
28.7%
11.2
% (y-o-y)
Bartow
55
129.2
% (y-o-y)
$79,950
0.1
% (y-o-y)
51.2%
50.6
% (y-o-y)
Avon Park
46
76.9
% (y-o-y)
$70,000
27.3
% (y-o-y)
18.1%
18.2
% (y-o-y)
Frostproof
17
32.0
% (y-o-y)
$51,500
24.3
% (y-o-y)
30.9%
32.4
% (y-o-y)
Fort Meade
12
140.0
% (y-o-y)
$48,000
23.1
% (y-o-y)
13.5%
43.1
% (y-o-y)
Lake Alfred
11
83.3
% (y-o-y)
$55,000
15.4
% (y-o-y)
Data not available
Dundee
10
900.0
% (y-o-y)
$165,000
0.0
% (y-o-y)
46.7%
0.0
% (y-o-y)

Local Info For Lake Wales

Population:
13,884
Cost of Living Index: 104.33
Crime Index: 73.35     Rating: B View crime details
Schools: 8    Average School Rating: C View individual school rating
Household Median Income: $36,354
Unemployment: 5.20%
Percentage of vacant homes: 20.93%

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