FLORIDA’S GULF COAST GETS HOT
Bucking state and national real estate trends, LWR Communities on Florida’s gulf coast more than doubled its new home sales in 2011 from 2010. In Lakewood Ranch alone there were 391 sales — a 71-per-cent increase. Of those sales, 56 per cent were new. The average sales price of a new home in Lakewood Ranch last year was $397,149 – more than double the median home sale price in the two-county Sarasota/Manatee region of $150,097. The average price of a resale in Lakewood Ranch last year was $364,171, as opposed to the average in Sarasota/Manatee of $229,984. Lakewood Ranch officials expect the new home sale upswing to continue in 2012 due to a recovering economy.
Lakewood Ranch is the 3,400-hectare award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches. For more information visitlakewoodranch. com.