Lakewood Ranch Real Estate Market Update

Lakewood Ranch Video

Take a look at the Michael Saunders and Company produced video above about Lakewood Ranch, Florida.

Lakewood Ranch Homes For Sale

Below are statistics on single family homes for sale in Lakewood Ranch. If you are thinking about a purchase here visit Lakewood Ranch homes for sale to see an up to date snapshot of what is available for purchase. Give us a call at 941.812.6272 for help or fill out our Dream Home Finder form.

• 160 Home currently for sale
• Highest asking price - $2,400,000
• Lowest asking price - $140,000
• Average asking price - $554,484
• Median asking price - $401,565
• Average dollar per square foot - $181
• Median dollar per square foot - $165

Lakewood Ranch Homes Sold in 2011

2011 activity has been very good in Lakewood Ranch. Below are sold statisticsf or single family homes and condos:

• 144 single family homes sold so far in 2011
• Highest sales price - $1,625,000 - $273 per square foot
• Lowest sales price - $115,000 - $65 per square foot
• Average sales price - $392,532 - $142 per square foot
• Median sales price - $318,750 - $139 per square foot
• Average days to contract - 139
• Median days to contract - 97

Lakewood Ranch Condos Sold in 2011

• 58 condos sold so far in 2011
• Highest sales price - $382,000 - $162 per square foot
• Lowest sales price - $40,000 - $39 per square foot
• Average sales price - $150,261 - $86 per square foot
• Median sales price - $147,500 - $88 per square foot
• Average days to contract - 163
• Median days to contract - 72

Let's Graph It

Below is a chart of properties sold in zip code 34202 which includes Lakewood Ranch as well as surrounding neighborhoods like River Club, Concession and Braden Woods.

Notice the decline in inventory from November 2010 to April 2011. This is a good sign for sellers but maybe not so much for buyers as there are less homes to choose from. I know from personal experience with buyers I have that there is less and less to choose from.

From January to April 2010 there were 181 homes sold in 34202 zip code. From January to April 2011 there were also 181 homes sold. We had the same number of closed sales despite having fewer homes on the market.

November 2010 to April 2011	Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago
	Apr. 11	Apr. 10	% Change	Feb. 11 to Apr. 11	Feb. 10 to Apr. 10	% Change
For Sale	270	365	-26%	295	377	-21.8%
Sold	50	49	2%	49	51	-3.9%
Pended	67	90	-25.6%	73	77	-5.2%

Balanced Market

Based on closed sales the Lakewood Ranch area (34202) has a 5.4 month supply of homes for sale. That is a balanced market. Buyers certainly do not have the leverage they used to have. To put this in perspective in late 2007 there was roughly 44 month supply of homes for sale! Has the Lakewood Ranch market bottomed?