Focus On: Lakewood Ranch
Lakewood Ranch real estate represents an illustrative microcosm of what is happening in our local real estate market. I took a look at all sales (single family and condo) for Lakewood Ranch year to date, and compared with the same period last year. Here are the results: Year #Units Sold Median Sales Price LP/SP Ratio Days to Close Sold $/Sq Ft 2012 213 $265,000 96% 189 $130.06 2011 279 $260,000 96% 149 $124.28 Clearly, the real estate market in Lakewood Ranch is recovering nicely. The lower number of units sold is a result of fewer foreclosure properties on the market, while the increased days to close in 2012 is an indication of more short sales. For buyers interested in Lakewood Ranch real estate, now is the time to get in the market. While this information is key for buyers and home sellers