Lakewood Ranch

Similar to the regional highs and lows of the national housing market, our local neighborhoods and communities experience differing results relating to home sales and inventories. To help you understand the ongoing dynamics that shape Florida’s Gulf Coast real estate, we shine a spotlight on each of our offices to present an intimate peek inside the conditions and trends observed by our team of branch managers.

How’s The Market?

Gloria Weed, branch manager of our Lakewood Ranch office, is pleased to report strong activity throughout the communities of Lakewood Ranch. Here, our agents are consistently showing and writing contracts for the properties priced correctly—further reinforcing the importance of pricing in accordance to the market’s demand. In fact, our Lakewood Ranch agents are receiving multiple offers on some of the more aggressively priced properties, a definite sign of a vibrant market.

Agent Feedback

Just last month, Lakewood Ranch office agent John Camino assembled six agents from his office to preview and supply input on pricing and general appearance for a new listing he was to represent. This teamwork approach resulted in the sale of this property within 9 days of its listing. John Camino’s conclusion: well-priced listings that show well sell quickly.

Lakewood Ranch Property Inventory

As with the rest of the Gulf Coast area, the communities of Lakewood Ranch—Edgewater, Greenbrook, Lakewood Ranch Country Club, Riverwalk, Summerfield and The Lake Club—experienced significantly high levels of inventory in the last few years, thus creating a buyer’s market. As pricing corrections became in focus, interest rates decreased, and buyer confidence increased, the amount of available properties has notably reduced.

Currently, there are only 267* single-family homes for sale in Lakewood Ranch in all price ranges:

Price Range – Quantity of Homes

• Less than $200,000 – 11 homes available
• $200,000 – $299,900 – 50 homes available
• $300,000 – $499,900 – 68 homes available
• $500,000 – $749,900 – 47 homes available
• $750,000 – $1 Million – 28 homes available
• $1 Million – $2 Million – 50 homes available
• Greater than $2 Million – 13 homes available

*Above data accurate as of July 1, 2009

Common Customer Question

Has the market hit the bottom yet?

According to Gloria and her findings in Lakewood Ranch real estate, some areas and price ranges have already bottomed out. Of course, not all have reached that level, so there is a little more room to go for those who have yet to accept the market’s demand for pricing competitively.

The Bottom Line – Gloria’s Advice to Homebuyers

You cannot time the market. The market, as always, is driven by supply and demand. You may never see both prices and interest rates as they are now. Do not wait to buy; you may miss your best opportunity.