Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $107,900
    6% ( $7,300 ) vs Feb 2013
  • Median Sales Price
    $56,500
    10% ( $5,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $63,800
    7% ( $4,701 ) vs Feb 2013
  • Foreclosures 422
    Homes for Sale 231
    Recently Sold 635

Market Summary

There are currently 422 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 231.

In March, the number of properties that received a foreclosure filing in Lake Wales, FL was 19% higher than the previous month and 55% higher than the same time last year.

Home sales for February 2014 were up 52% compared with the previous month, and up 26% compared with a year ago. The median sales price of a non-distressed home was $56,500. The median sales price of a foreclosure home was $63,800, or 13% higher than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$63,800 (Median Foreclosure Sales Price) $68,501 (Median Foreclosure Sales Price) $83,000 (Median Foreclosure Sales Price) $68,501 (Median Foreclosure Sales Price) $48,050 (Median Foreclosure Sales Price) $64,103 (Median Foreclosure Sales Price) $56,500 (Median Sales Price) $51,500 (Median Sales Price) $54,950 (Median Sales Price) $58,900 (Median Sales Price) $55,000 (Median Sales Price) $50,000 (Median Sales Price) $63,800 (Median Foreclosure Sales Price) $68,501 (Median Foreclosure Sales Price) $83,000 (Median Foreclosure Sales Price) $68,501 (Median Foreclosure Sales Price) $48,050 (Median Foreclosure Sales Price) $64,103 (Median Foreclosure Sales Price) $56,500 (Median Sales Price) $51,500 (Median Sales Price) $54,950 (Median Sales Price) $58,900 (Median Sales Price) $55,000 (Median Sales Price) $50,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
434
51.8
% (y-o-y)
$135,000
19.6
% (y-o-y)
14.3%
15.9
% (y-o-y)
Winter Haven
139
13.9
% (y-o-y)
$89,125
14.6
% (y-o-y)
21.5%
5.7
% (y-o-y)
Davenport
129
10.4
% (y-o-y)
$135,000
3.8
% (y-o-y)
7.4%
17.4
% (y-o-y)
Haines City
64
33.3
% (y-o-y)
$80,100
7.9
% (y-o-y)
25.8%
19.4
% (y-o-y)
Avon Park
43
10.3
% (y-o-y)
$50,000
25.0
% (y-o-y)
20.5%
10.6
% (y-o-y)
Bartow
37
26.0
% (y-o-y)
$65,000
7.4
% (y-o-y)
32.7%
36.5
% (y-o-y)
Frostproof
15
36.4
% (y-o-y)
$55,000
8.1
% (y-o-y)
20.0%
41.5
% (y-o-y)
Fort Meade
7
12.5
% (y-o-y)
$68,000
42.0
% (y-o-y)
Data not available
Lake Alfred
6
45.5
% (y-o-y)
$57,700
24.1
% (y-o-y)
Data not available
Eagle Lake
5
37.5
% (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: 165.83     Rating: C View crime details
Schools: 8    Average School Rating: C View individual school rating
Household Median Income: $36,354
Unemployment: 7.30%
Percentage of vacant homes: 20.93%