The Neighborhood Report – Lakewood Ranch

Many beautiful homes grace the Country Club at Lakewood Ranch. Pictured: 7045 Portmarnock Place.
Many beautiful homes grace the Country Club at Lakewood Ranch. Pictured: 7045 Portmarnock Place.

November was quite a month for home sales in the over $1 million range in the gated areas of Lakewood Ranch—The Country Club and The Lake Club. Four sales closed during the month and another three homes went to contract, but have yet to close. Compare these results to just 15 sales during the previous ten months of 2009.

Agent Kudos – Helping Sell Lakewood Ranch

The improvement in sales in Lakewood Ranch is a clear result of long-awaited rational pricing in this category, which is more in evidence each day. One of the best examples is a home in the luxurious Portmarnock neighborhood listed by Barbara Najmy of our Lakewood Ranch office. Barbara, who has been associated with several transactions this year in this price range, clearly outlined the pricing realities of the market for her customer. She discussed the substantial costs associated with keeping a home of this nature on the market for prolonged periods and demonstrated the best ways to prepare a home for would-be buyers. The result: the home was placed under contract in 60 days and closed in just 80 days. What a difference when compared to the other three closings that averaged nearly three years on the market before sale!

The Bottom Line

Lakewood Ranch offers four different gated communities: The Country Club, Country Club East, The Lake Club and Edgewater. Each provides a unique lifestyle and different price categories. All are part of a community with a sense of place rather than simply a collection of developments. With 46 homes available in the over $1 million category and a return to sensible pricing, there are many opportunities for others to become a part of Lakewood Ranch. Just make sure you work with someone who understands the market.

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