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Lakewood Ranch Real Estate Market Report- March 2016

Active Listings- There are currently 305 active listings in the Lakewood Ranch area. February reflected a continuing upward trend with a total of 81 new listings added to the inventory compared with 83 added in January. Of that number, 29 of those listings are considered luxury listings or homes listed for more than $600K.  New construction homes account for 29 of the active listings while foreclosures and short sales continue to decrease in the area with only 8 active distressed homes currently listed in Lakewood Ranch.  The Median List Price for homes in Lakewood Ranch up to $600k  remained the same as January at $425,000 while in the luxury market the median list price rose to $995,900 from $954,500 last month.
Pending Listings- There are currently 112 listings that are either active with contract or pending in Lakewood Ranch compared with the 91 listings that went under contract in January, reflecting a dip in activity. Of those listings, 24 homes were put under contract in February compared to 60 in January. New construction homes account for 4 of the total pending listings.
Price Changes- There were 105 price decreases in the 34202 area, there were 0 price increases in the same area. 
Sold Listings- A total of 42 Lakewood Ranch single family homes were Sold in February, an increase compared to the 35 that closed in January. Of that number, 9 were luxury listings, 4 were REO or bank owned properties and 2 were new construction homes. Of the total sales, 20 were purchased in all cash sales, the remaining 22 sales were purchased using financing. The average days on market for homes in January was 105 for homes listed over $600K and 58 days on market for homes listed under $600K.

The highest priced home sold in Lakewood Ranch in February was a new construction home located in The Concession. This 4 bedroom and 3.5 bath home is located on an oversized lot and features a private pool & spa, pond view and four car garage and sold for list price. 
The lowest priced single family home sold in February was located in Greenbrook Walk. This condo featured 3 bedrooms and 2 and 1/2 baths in 1,276 square feet with a community pool. Listed originally for $121,900, this home sold in 5 days for above the asking price at $122,000.




The Pascarella Group
Keller Williams Realty Select
8210 Lakewood Ranch Blvd. 
Lakewood Ranch, Fl. 34202
941-225-3218


This post first appeared on Sarasota Homebook, please read the originial post: here

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Lakewood Ranch Real Estate Market Report- March 2016

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