Lakewood Ranch Real Estate Market Report- October 2015

By
Real Estate Agent with Keller Williams SL3262949
 
 
www.thepascarellagroup.com, pascarella@kw.com, 941-225-3218

Lakewood Ranch, Fl. 

Active Listings- There are currently 226 active listings in the Lakewood Ranch area with 99 of those considered luxury listings or listed for over $600,000. The number of new single family home listings added in September totaled 26, equal to the 26 home listings added in October. New construction homes accounted for 25 of those listings while foreclosures and short sales accounted for 12 of the active listings. The median list price for homes in Lakewood Ranch up to $600k was $405,000 while in the luxury market the median list price was $999,000.

Pending Listings- There are currently 87 listings that are either active with contract or pending in Lakewood Ranch with 54 of those listings going under contract in October compared to 16 in September.  New home construction homes account for 7 of the total pending listings.

Sold Listings- A total of 46 Lakewood Ranch single family homes were sold in October compared to 28 in September. Of that number, 12 were luxury listings and 4 distressed sales, all were REO or bank owned. Of the total sales, 18 were sold for cash, the remaining 28 sales purchased using financing. The average days on market for homes in October was 163 for homes listed over $600K and 84 days on market for homes listed under $600K.

The highest priced home sold in Lakewood Ranch in October was located in The Lake Club. This 4 bedroom and 5.5 bath home was a fully furnished two story model and featured a sleek and elegant design. Originally listed at $2,875,000 this home sold for $2,625,000 or 90.96 percent of the list price. This home was on the market for a total of 190 days.

The lowest priced single family home sold in July was located in Oakbrook in River Club and featured 3 bedrooms and 2 baths in 1,653 square feet. Listed originally for $207,000, this home sold in only 33 days for $190,500 or 92.03 percent of the list price. 

 

 
The Pascarella Group
Keller Williams Realty Select
941.225.3218

 

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