Home Buying in Lake Wales>Question Details

Marilee, Home Buyer in Michigan

We are looking at property in the Lake Ashton development in Lake Wales, Florida. Do you think the market?

Asked by Marilee, Michigan Mon Apr 14, 2008

has bottomed? There are many homes for sale, some in foreclosure.

Help the community by answering this question:


What are all the fees for living in Lake Ashton, association, golf etc.,
0 votes Thank Flag Link Mon Jun 2, 2014
Hi Marilee:

Are you still looking at property in Lake Ashton? I am a Re/Max Realtor and have lived in Lake Ashton since 2004. The market here has been slow, but the good season is coming and I am hoping it picks up. Last year at this time, Lake Ashton had over 100 homes for sale and there are only 55 now. There have been a few foreclosures, but not too many as in some other areas. Please feel free to contact me to see resales in Lake Ashton. I work from my home so I am usually always available. You can email me at maryjeanlantz@gmail.com or call me at 863-514-3506.
0 votes Thank Flag Link Tue Oct 6, 2009
I have seen the prices starting to rise again. Not by much, but a little. Of Course, part of what helps our community is there are VERY FEW short sales that have taken place.

That said, if you go to http://www.forsalebyowner.com request the Lake Wales area 185,000.00 and less and you will see our house listing. I did not do a good job with the picks (it was laundry day!).

Any help I can give as a resident, let me know!

0 votes Thank Flag Link Mon Jul 6, 2009
Hello Marilee,

Here is a 6 month update in regard to Lake Ashton. Your question about Lake Ashton is a good one. First of all, we have about 60 homes on the market in here at this time-that is very low compared to what is has been in the past. I myself live right here in Lake Ashton and have been here almost 3 years. I have the latest Trend Reports of the real estate sales activity for the area if you would like a copy. I would also be more than happy to send to you the latest list of homes that are on the market in this beautiful community. You asked if we have bottomed out-we just discussed this in our office meeting and let's just say we're bouncing in the "mud". The prediction for this next year is the prices will decrease maybe another 4%. Sales have actually been much better this year than last, at least for me. Remember, this is a 55+ community, many people have or are moving because of health reasons and have/are moving back to stay with/near the children and a number of people have passed away. Several investors purchased and built several homes back in 2005 in hopes of turning them over and making a profit. (I personally know of several of the investors; one which has a total of 5 homes in here. ) My contact information is: cell:863-241-9791, direct office:863-508-1762 email: sweetphomes@aol.com, if you need further information. By contacting an outside Realtor as opposed to the resales office in here; an outside Realtor like me will be glad to share with you ALL of the homes on the market here, not just the ones listed here by the resales office.
0 votes Thank Flag Link Wed Oct 29, 2008
Hi Marilee,
My parents have a home for sale in Lake Ashton it is the Bali model. We have it listed for $209,000. Many upgrades. We really need to sell. My Dad is very sick and is living down with us in South Florida now. We are open to any offer and even if you would like to rent with option to buy. It really is a great community with so much to offer. With all the medical bills they are having a hard time with it. Call me if you would like more information (954)478-7157 or email mikeleto@comcast.net
0 votes Thank Flag Link Thu Jul 17, 2008
Hi Marilee,

Remember when you say buzz words like "Bottomed" or "peaked/ topped"..... people have 2 different factors they are referring to.
Those factors are Value and Volume. I assume you are referring to Value.....and he answer is no it has not bottomed. If you are referring to Volume then I would say it may have reached a leveled point; it may go down, or it may go up.

The increase in Volume for our market is a natural trend durring the past 2 months. You will see year after year, March, and April are higher in sales than Nov- Feb........which most Realtors forget that these months are going to yeild more sales.....the true test to see if Volume has picked up is by next January when we can compare the sales of 2008 to 2007 durring the slower months. If the sales have increased then yes I would say we have bottomed.
Value will continue to decline because the inventory is too high and is not going down at a fast pace anytime soon until the values reflect the urge for investors and home buyers to buy. Once the price reflects that it is affordable again to buy, then you will see further activity in the sales and the values can stabilize.

I sell in the area you are referring to I can go over the market statistics to help you make a more informed decision. It might be the right time to buy with mortgage rates low and the values decreased 20% -30% , or it might be a better time to hold off and wait, waiting does not always pay off and can hurt when you look back.

863 557 3300
Michael Brenner
Keller Williams Realty
0 votes Thank Flag Link Wed May 21, 2008
I do feel like the market has bottomed. We have been experiencing an increase in buyers in the last couple of months. -All due to the really good deals out there now. There are alot of foreclosures right now. Florida happens to be the #2 state for foreclosures in the country. This is an excellent time to buy. I am very familiar with Lake Ashton and the prices have significantly dropped in the last year. Please let me know if I can help you find something in this particular subdivsion. Lake Ashton has many great features.
Carrie Cornelius, Broker Associate
Prime Plus Real Estate, Inc.
0 votes Thank Flag Link Wed Apr 16, 2008
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0 votes Thank Flag Link Tue Apr 15, 2008
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