Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $104,900
    5% ( $5,000 ) vs Jun 2013
  • Median Sales Price
    $69,950
    14% ( $8,450 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $50,000
    8% ( $4,250 ) vs Jun 2013
  • Foreclosures 347
    Homes for Sale 15
    Recently Sold 659

Market Summary

There are currently 347 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 July, the number of properties that received a foreclosure filing in Lake Wales, FL was 24% lower than the previous month and 21% higher than the same time last year.

Home sales for June 2014 were down 17% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $69,950. The median sales price of a foreclosure home was $50,000, or 29% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$50,000 (Median Foreclosure 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) $69,950 (Median 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) $50,000 (Median Foreclosure 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) $69,950 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
557
26.3
% (y-o-y)
$135,000
12.6
% (y-o-y)
17.0%
16.6
% (y-o-y)
Davenport
169
15.5
% (y-o-y)
$137,000
2.2
% (y-o-y)
8.8%
7.3
% (y-o-y)
Winter Haven
153
30.5
% (y-o-y)
$76,000
3.8
% (y-o-y)
1.3%
20.6
% (y-o-y)
Haines City
54
31.6
% (y-o-y)
$85,000
5.0
% (y-o-y)
Data not available
Bartow
34
30.6
% (y-o-y)
$74,000
5.7
% (y-o-y)
45.9%
5.6
% (y-o-y)
Avon Park
29
29.3
% (y-o-y)
$64,250
8.1
% (y-o-y)
37.6%
40.0
% (y-o-y)
Dundee
14
100.0
% (y-o-y)
$103,000
11.2
% (y-o-y)
Data not available
Frostproof
12
9.1
% (y-o-y)
$62,500
36.2
% (y-o-y)
Data not available
Fort Meade
11
8.3
% (y-o-y)
$60,000
15.8
% (y-o-y)
Data not available
Indian Lake Estates
8
100.0
% (y-o-y)
$87,801
28.3
% (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: 7.10%
Percentage of vacant homes: 20.93%