Lake Wales Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $115,950
    8% ( $8,500 ) vs Feb 2014
  • Median Sales Price
    $68,900
    3% ( $2,100 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $47,200
    38% ( $29,250 ) vs Feb 2014
  • Foreclosures 239
    Homes for Sale 231
    Recently Sold 430

Market Summary

There are currently 239 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 17% lower than the previous month and 10% higher than the same time last year.

Home sales for February 2015 were down 5% compared with the previous month, and down 42% compared with a year ago. The median sales price of a non-distressed home was $68,900. The median sales price of a foreclosure home was $47,200, or 31% lower than non-distressed home sales.

Sales Prices - Lake Wales, FL




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$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) $49,000 (Median Foreclosure 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) $65,000 (Median 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) $49,000 (Median Foreclosure 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) $65,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Kissimmee
313
32.3
% (y-o-y)
$135,000
0.0
% (y-o-y)
20.1%
14.3
% (y-o-y)
Winter Haven
103
26.4
% (y-o-y)
$94,700
6.3
% (y-o-y)
24.0%
21.5
% (y-o-y)
Davenport
96
26.7
% (y-o-y)
$145,000
7.4
% (y-o-y)
23.7%
7.4
% (y-o-y)
Haines City
47
26.6
% (y-o-y)
$76,000
5.1
% (y-o-y)
Data not available
Avon Park
31
27.9
% (y-o-y)
$55,050
10.1
% (y-o-y)
37.0%
20.5
% (y-o-y)
Bartow
19
48.6
% (y-o-y)
$78,100
20.2
% (y-o-y)
53.8%
32.7
% (y-o-y)
Frostproof
17
13.3
% (y-o-y)
$65,500
19.1
% (y-o-y)
57.3%
20.0
% (y-o-y)
Lake Alfred
8
33.3
% (y-o-y)
$64,500
11.8
% (y-o-y)
Data not available
Fort Meade
8
14.3
% (y-o-y)
$42,500
37.5
% (y-o-y)
Data not available
Indian Lake Estates
5
25.0
% (y-o-y)
$128,250
83.2
% (y-o-y)
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: 6.60%
Percentage of vacant homes: 20.93%