Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $56,500
    4% ( $2,400 ) vs Sep 2013
  • Median Sales Price
    $65,000
    8% ( $6,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $49,000
    7% ( $3,000 ) vs Sep 2013
  • Foreclosures 317
    Homes for Sale 12
    Recently Sold 681

Market Summary

There are currently 317 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 12.

In October, the number of properties that received a foreclosure filing in Lake Wales, FL was 3% higher than the previous month and 74% higher than the same time last year.

Home sales for September 2014 were up 107% compared with the previous month, and up 27% compared with a year ago. The median sales price of a non-distressed home was $65,000. The median sales price of a foreclosure home was $49,000, or 25% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$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) $54,404 (Median Foreclosure 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) $65,000 (Median 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) $54,404 (Median Foreclosure 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) $65,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
600
28.4
% (y-o-y)
$135,800
6.1
% (y-o-y)
19.0%
18.0
% (y-o-y)
Winter Haven
172
17.3
% (y-o-y)
$93,000
21.3
% (y-o-y)
23.7%
25.7
% (y-o-y)
Davenport
143
25.5
% (y-o-y)
$150,000
7.1
% (y-o-y)
11.8%
18.9
% (y-o-y)
Haines City
46
32.4
% (y-o-y)
$101,800
24.9
% (y-o-y)
21.4%
30.9
% (y-o-y)
Avon Park
39
7.1
% (y-o-y)
$52,000
11.1
% (y-o-y)
3.4%
15.9
% (y-o-y)
Bartow
35
20.5
% (y-o-y)
$65,000
10.6
% (y-o-y)
10.9%
21.0
% (y-o-y)
Indian Lake Estates
11
57.1
% (y-o-y)
$72,500
89.3
% (y-o-y)
Data not available
Fort Meade
10
16.7
% (y-o-y)
$49,500
28.3
% (y-o-y)
31.9%
44.9
% (y-o-y)
Frostproof
8
68.0
% (y-o-y)
$32,775
22.7
% (y-o-y)
8.7%
38.4
% (y-o-y)
Babson Park
5
66.7
% (y-o-y)
$106,000
12.8
% (y-o-y)
Data not available

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: 7.20%
Percentage of vacant homes: 20.93%