Lakewood Ranch, Florida New Home Sales Engine Revs Up In 2011 and Full Speed Ahead In 2012! As far as I can tell, Lakewood Ranch has become the "hot spot" in the state of Florida for new home sales. According to the developer of Lakewood Ranch, new home sales more than doubled in 2011 compared to the previous year. LWR Communities sold 391 new homes in 2011 which represents an astounding 71 percent increase.
In addition, new home sales outperformed the sales of existing homes in the amazing 48-square mile master-planned community in 2011. New home sales represented 56 percent of all sales in Lakewood Ranch compared to 44 percent for resales.The average sales price for a new home last year was $397,149 compared to $364,171 for resales.
Lakewood Ranch spokespersons expect new home sales to continue at a revved up pace in 2011 and the new year is already off to a running start. Taylor Morrison is about to launch the new Esplanade community in Lakewood Ranch. New models are opening soon.
There appear to be several reasons for the healthy pace of new home construction in Lakewood Ranch. Price point is certainly number one, builders have retooled on the last year and brought new product online starting in the low $100's, making the new homes much more attractive and competitive price wise than tired looking distressed properties or dated resales. In addition, buyers can usually customize and select their own color schemes as well as enjoy the comfort of the builder's warranty. And all within the confines of Lakewood Ranch and all the amenities the community has to offer.
Feel free to contact me for more information on homes in Lakewood Ranch, a wonderful place to live,work and play!