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Winter 2020 Market Update
If you can qualify, now is an exceptional time to buy a home in Lakewood Ranch. Low rates with reasonable home prices make a home purchase in this most popular area of Sarasota/Bradenton a great value! Call now for more information at 941-504-7458.
Average Sold Home Price: $475,000

Average Time on Market: 30-60 days

Best Selling Price Range: $350,000 - $399,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

Multiple Offers Commentary: Inventory is getting extremely tight in the market place here. There are multiple offers occurring on desired homes. Buyers are learning to move quickly to obtain the home they really want as there are many others looking for the same type and condition of home. Prices are still at a point to provide good investment, but have risen slightly, and the ratio of selling to listing price is getting slimmer. For serious buyers, this necessitates finding your property quickly and place a reasonable offer so that you may buy the home and not be concerned that your dream home is snatched up by another buyer.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: First Time Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Sarasota

Housing Hot Spots: Most of the Sarasota and Manatee County areas are considered

Contact Information
Rick Libro
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Mortgage Rates for Jan 19th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Rick Libro Rick Libro
RE/MAX Alliance Group
Specializing in Lakewood Ranch Real Estate
2000 Webber St
Sarasota, Florida 34239
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Rick Libro for current Lakewood Ranch, FL market conditions before acting on this information.)
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