The housing industry has been showing many signs that it is starting the road to recovery and Lakewood Ranch real estate’s improving results are more dramatic than most other places.
Across the State
Existing home sales in Florida are off to a great start this spring. The numbers for March 2011 show a 12% increase over sales of existing homes in March of 2010. There were 18,522 existing homes sold this March compared to 16,540 last year. This was the 4th consecutive month with an increase in sales over the same month the previous year. The median price this spring for homes in Florida however was down 7% ($136,000 to $126,300) compared to 2010. The median is the midpoint; half the homes sold for more, half for less. This is primarily due to the sales of foreclosures and other distressed properties. Since these properties typically sell at a discount relative to traditional homes it drags the price down. However, as the economy is improving and with recent changes in the financial industry making it more difficult for lenders to foreclose on homes, we will see the median price rebound soon.
Sales of Lakewood Ranch real estate for the 1st quarter of 2011 are booming. There have been 188 sales of new and existing homes during this period. Comparing those sales to the 113 new and existing homes sold in the 1st quarter of 2010, Lakewood Ranch home sales reflect a 66% increase. The new home sales are really leading the way, making up 107 of the total sales for the 1st quarter. There are 40 new home models in Lakewood Ranch plus another 130 new homes currently under construction. We can see the sales are far outpacing the State averages, so what about the selling prices? This is another area that Lakewood Ranch is flexing its muscle. The median price of existing home sales in the 1st quarter of 2010 was $294,213 and has risen to $300,000 for 2011. So even with the foreclosures that are still going on, Lakewood Ranch still saw a 2% increase in its median sale price compared to a 7% decrease across the state of Florida (and a 4.2% decrease during the same time period nation-wide).
Why is Lakewood Ranch real estate exceeding the rest of the State and the Nation? There are a multitude of reasons. Lakewood Ranch is the largest green-certified master-planned community in the nation offering many green building practices including energy efficient homes, environmental friendly landscaping, and the use of reclaimed water for irrigation. These Lakewood Ranch homes are strategically intertwined with the beauty of the natural environment. There are miles of walking and biking paths winding past lakes, parks and nature preserves. There is the shopping in unique boutiques on Lakewood Ranch’s Main Street and surrounding plazas, fabulous restaurants featuring foods from around the globe, international polo matches, art and music experiences on a continual basis, as well as many special events. Lakewood Ranch also features its own state of the art medical center and top-ranked educational facilities. It is not only what already exists in Lakewood Ranch. The progressive attitude of the community is outstanding too.
What’s new at the Ranch?
Even with the overall economy down over the last few years, Lakewood Ranch has continued along its master plan of offering the best of everything in a nearly self-sufficient community. Some of the new happenings around the Ranch include the new Premier Sports Complex. This facility will host soccer, lacrosse, field hockey, rugby, archery, senior games, Ultimate Frisbee, Special Olympics, flag football, youth football, Frisbee golf and punt/pass/kick football on local, state, regional and national levels. When all phases are complete, the sports complex will also accommodate Special Olympic softball and baseball organizations, camps, tournaments and clinics. Additionally, Tim Howard, one of the best goalkeepers in U.S. soccer and a current player on the U.S. Men’s National Team, World Cups 2006/2010 will operate a goalkeepers academy at the facility.
Are you more interested in cooking than kicking? Then you will be thrilled with the latest announcement. The Viking Culinary School, one of the most exclusive culinary schools in the nation, will be opening its doors on Main Street in late July with a grand opening in August. The culinary school will offer a live cooking demo area, which will seat 32 people featuring both local and national chefs with different cooking styles. The school will offer samplings, tastings, beer and wine service and hands-on learning classes as well. It is another wonderful addition to the multitude of amenities offered at Lakewood Ranch.
There just is not another place in the state like Lakewood Ranch and savvy consumers realize that this is not only the place to buy, but now is the ideal time. Lakewood Ranch is leading the way in amenities, events, community lifestyle and now Lakewood Ranch real estate is out in front in the recovery of the housing market.
Get More Information
For more information on Lakewood Ranch homes for sale or to make arrangements for a tour of properties, contact the John Allen team at 941-544-6467. We have Realtors that not only show Lakewood Ranch, they live there as well.