One thing on everyone’s mind when it comes to real estate lately is: are we going into another housing recession? Are things going to start changing in the real estate market in 2020?
Well, I don’t have a crystal ball, but I do have an update on everything happening in real estate in Lakewood Ranch, FL and that’s what I want to share with you today!
Trends in the real estate market are looking great for the Lakewood Ranch area. The market here in Florida has been healthy and fast-paced for the last several years. In this area, I do not see that slowing down any time soon. Here’s why:
There are 24 Residential Villages in Lakewood Ranch and 17 actively selling New Construction villages. Some of those are nearing completion, so Lakewood Ranchis making plans for the next phase of development.
New home construction is increasing nationwide because there is a demand for it, but was not consistently increasing within the price range where demand is highest.
Millennials are the majority of the buying market right now, and they struggle to meet those luxury housing prices. Lakewood Ranch Development is taking that into consideration with some of their new plans for development by building 5 new villages in 2020, some of which meet this specific New Construction housing demand.
We recently attended a seminar for Realtors in Lakewood Ranch and learned all about these upcoming plans, so today we are sharing them with you!
I am going to share this insider scoop with you about the new villages, but the information is somewhat limited at this point. If you want to stay in the know and learn more details about a specific village as it becomes available, sign up using our contact form below to join our VIP list!
Esplanade At Azario Lakewood Ranch
Park East at Azario
1.2 Park East – The secondary phase of Esplanade at Azario. This smaller village will open Fall of 2020 with only 350 homesites of Single Family Homes. Pricing will start in the high $300s and offer larger floorplans, up to 4,800 square feet. They will have pools and playgrounds for the community, but less amenities in order to keep fees lower.
2. Lorraine Lakes at Lakewood Ranch – Opening Spring of 2020 this new Lennar village will feature 1,500 homesites of single family homes and attached villas nestled among sparkling lakes. This will be an amenity-rich village with plans for a splash park, pools, café and bar, arcade, tennis and pickleball courts, volleyball, basketball and bocce courts, tot lot, and putting green. They will feature their best-selling floor plans with SF home prices starting in the $300s.
With all of these plans moving forward, AND a strong resale market, I predict no signs of slowing down for Lakewood Ranch in the near future! If you are considering a move, this is a great place to do so. We are happy to help you determine what your home is worth in the current market, or help you find your next dream home in Lakewood Ranch.
Contact us today!
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