A lot of people are considering investing in the housing market right now in the Sarasota area, and Lakewood Ranch has some of the hottest real estate properties on the market. Given its convenient location, temperate weather, and aesthetic appeal, it’s no surprise that it’s a popular spot for buyers. However, anyone looking for a new home in the Lakewood Ranch area should think about using a broker with some experience. If you’re considering purchasing a home, keep reading for a brief guide to Lakewood Ranch’s real estate market.
What should you know about real estate in Lakewood Ranch?
The planned community at Lakewood Ranch has been around for over 25 years, and it looks likely to continue thriving for a long time to come. It has blossomed into a beautiful self-contained city with plenty of amenities for residents to enjoy. There are already over 43,000 residents, and with tens of thousands of homes under construction right now, population growth seems like a smart bet in the coming years. If you’re looking for a place to live in the Sarasota area, you should consider Lakewood Ranch.
Given how competitive the market can be for Lakewood Ranch real estate, it’s a good idea to work with a qualified real estate professional who has extensive experience in the area. It was named the best-selling multigenerational community in the United States and came in second place overall, making it one of the top-selling planned communities in the country. Homebuyers who want a peaceful place to live with their family, with a wide variety of entertainment options, will definitely feel at home moving to Lakewood Ranch.
When it comes to home prices in Lakewood Ranch, the average price of single-family homes in the area is estimated to be just under $600,000, though prices can vary depending on the location and property. Your realtor can help you set a realistic budget for the type of home you’re looking for and find relevant listings of Lakewood Ranch homes that you should consider. That way, you can give yourself the best possible chance of getting a good deal on a new home in the Lakewood Ranch area.
What is the housing market like right now?
You’ve probably heard that the housing market has been chaotic over the last year or so and that now is a challenging time to buy or sell a home. The truth is that you don’t need to avoid perusing the market; you just need a real estate agent with the right skills to get you the best deal. Experts and real estate analysts believe that home prices will continue to rise for the foreseeable future, so you may want to consider taking advantage of it if you find a buying opportunity in a top-tier community like Lakewood Ranch.
Though things are slowly beginning to shift, the younger generation hasn’t been able to make the transition to homeownership as easily as others have. This is due to a confluence of factors, including the impact of the market crash in 2008. If you’re not sure whether or not you’re in a position to purchase a home, talk to your real estate agent about what type of liquidity is required to afford a specific property.
There’s a lot to love about Lakewood Ranch, especially if you’re looking for a place to raise a family. In just a quarter-century, it has become one of the most successful and vibrant planned communities in the U.S., and it’s still expanding at an impressive pace. If you want to become the newest resident in Lakewood Ranch, take the time to reach out to a qualified broker with experience in the market. They can help you find listings that meet all of your needs and fit within your budget, as well as help you navigate the homebuying process.