Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $116,900
    1% ( $950 ) vs Mar 2014
  • Median Sales Price
    $65,000
    6% ( $3,900 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $33,851
    28% ( $13,349 ) vs Mar 2014
  • Foreclosures 236
    Homes for Sale 225
    Recently Sold 348

Market Summary

There are currently 236 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 225.

In April, the number of properties that received a foreclosure filing in Lake Wales, FL was 9% lower than the previous month and 28% lower than the same time last year.

Home sales for March 2015 were down 5% compared with the previous month, and down 43% 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 $33,851, or 48% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$33,851 (Median Foreclosure Sales Price) $47,200 (Median Foreclosure Sales Price) $76,450 (Median Foreclosure Sales Price) $79,900 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $65,000 (Median Sales Price) $68,900 (Median Sales Price) $71,000 (Median Sales Price) $71,000 (Median Sales Price) $66,000 (Median Sales Price) $66,000 (Median 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) $49,000 (Median Foreclosure Sales Price) $49,000 (Median Foreclosure Sales Price) $65,000 (Median Sales Price) $68,900 (Median Sales Price) $71,000 (Median Sales Price) $71,000 (Median Sales Price) $66,000 (Median Sales Price) $66,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
340
40.6
% (y-o-y)
$135,000
2.3
% (y-o-y)
19.3%
16.7
% (y-o-y)
Winter Haven
104
34.6
% (y-o-y)
$85,500
18.8
% (y-o-y)
28.5%
4.9
% (y-o-y)
Davenport
76
60.0
% (y-o-y)
$149,250
13.1
% (y-o-y)
24.9%
8.5
% (y-o-y)
Haines City
27
50.9
% (y-o-y)
$84,050
29.3
% (y-o-y)
11.2%
4.8
% (y-o-y)
Avon Park
25
51.9
% (y-o-y)
$55,000
10.0
% (y-o-y)
18.2%
13.0
% (y-o-y)
Frostproof
25
31.6
% (y-o-y)
$68,000
34.8
% (y-o-y)
32.4%
30.6
% (y-o-y)
Bartow
24
41.5
% (y-o-y)
$80,000
45.5
% (y-o-y)
50.6%
4.0
% (y-o-y)
Lake Alfred
6
25.0
% (y-o-y)
$65,000
16.1
% (y-o-y)
Data not available
Fort Meade
5
50.0
% (y-o-y)
$39,000
35.0
% (y-o-y)
43.1%
0.0
% (y-o-y)
Babson Park
4
33.3
% (y-o-y)
Data not available
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: 6.10%
Percentage of vacant homes: 20.93%