Property prices for sale in Lake Wales (Florida)
The prices in real estate in Lake Wales, in the Florida region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Lake Wales has increased strongly during the last 6 months. In October, the average price per sq.feet was $182. In the following month the price per sq.feet increased to $192. In the following two months the price per sq.feet has barely changed, going from $187 to $190.5 per sq.feet. The price per sq.feet has had a considerable increase of 272 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $188.75 to $514 during February, and March.
Based upon to the price in Lake Wales (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $325,113. In November This price remains at $331,248. In the following two months the average price has remained the same with regard to the previous two months from $328,180.5 to $316,168.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $322,174.5 and $316,049 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $327,455 they are 62 % more affordable than the average price for Lake Wales. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $313,111.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $188 / sq.feet, with an average $834 / sq.feet price in Lake Wales. The properties with the lowest average prices have 2 bedrooms. They are 74 % cheaper than the average followed by properties with 3 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $327,455 it is 69 % cheaper than the average price in Lake Wales. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Villa". At a price of $489,387 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $26 / sq.feet followed by "Condo" priced at $156 / sq.feet. "Land" is the most costly type of property with a $39,086 / sq.feet cost followed by "Villa" with an average price of $2,439 / sq.feet.
