You would not know it by driving through much of Lakewood Ranch, but the weakest link in the housing market is new construction according to the National Association of Realtors (NAR). Due to the Pandemic, there are still many homebuilders that are being conservative by staying on the sidelines.
Listed at $259,900, this two-bedroom, two-bathroom condo features 1,616 square feet of living space. Rarely available, this non-bundled golf Garden Condo by Taylor Morrison is located in the amenity rich community of Esplanade Golf & Country Club in Lakewood Ranch.
Listed at $1,350,000, this three-bedroom, three and ½ bathroom home features 3,744 square feet of elegant living space. A luxurious former model home built by one of Florida’s finest luxury home builders is one to see. It highlights a beautiful lake view, quality craftsmanship, plus fine finishes and design features.
While the luxury single family home markets ($1M+ homes) in both Sarasota and Manatee counties are strong buyer’s markets, they are moving in different directions. In Sarasota, the market has improved for sellers over last year. However, in Manatee, it looks even better for buyers.
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.
