LAKEWOOD RANCH REPORTS RECORD SALES FOR AUGUST, YEAR

Lakewood Ranch had a record-setting 189 sales for the month of August, up from 115 in 2019. The Ranch secured 1,197 new home sales through the end of August of 2020, beating last year’s numbers by 8 percent.

Although sales at all price points have been strong, the luxury market is performing extremely well, said Laura Cole, senior vice president for LWR Communities, LLC.

Low interest rates continue to drive demand for homes, as does the pandemic-era desire for floorplans with independent offices, separate entertainment rooms, technology packages, and pools and increased outdoor living space. Another noteworthy trend is the demand for multi-generational floorplans to accommodate family members, both seniors and adult children.

“Although demand remains strong from the Northeast and Mid-Atlantic markets, we have seen a sizeable uptick in Florida buyers from throughout the state, especially Tampa, Orlando, and the east coast,” Cole said. “Activity amongst Lakewood Ranch buyers is also notable, with many current residents looking for new homes with larger floorplans.”

Many buyers have noted that COVID-19 has accelerated life plans to reestablish roots in an environment that affords a more connected and active lifestyle, while offering ample open space and tranquility. Lakewood Ranch’s vast green space, amenities, and vast array of modern floorplans has become very attractive to those seeking to escape urban centers.

Even with restrictions in place, buyers have been purchasing homes – in many cases, sight unseen – with the help of interactive chats and virtual community presentations from the Lakewood Ranch Information Center, as well as builders’ virtual tours.

For more information visit lakewoodranch.com.

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Lakewood Ranch is the 33,000+-acre award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches and cultural assets in Sarasota, Lakewood Ranch is already home to more than 41,000 residents and features A-rated schools, a hospital, the Sarasota Polo Club, the 75-acre Premier Sports Campus, its own Main Street with theaters, shopping and dining, and more than four million square feet of commercial property. For more information visit www.lakewoodranch.com.