Looking at Lakewood Ranch New Construction Homes with Price Cuts
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- čas přidán 8. 01. 2023
- Today we check out a new construction home offering Great Price cuts.
My Website www.antoniolopezhomes.com
For further information regarding the amenities and offerings in the Lakewood Ranch or Sarasota areas, or to request a complimentary booklet detailing schools, activities, shopping centers, and beaches, please do not hesitate to contact me.
Antonio Lopez
Phone: (941) 267-4147
Email: Thelopezgroup2017@gmail.com
$30K is nothing to get excited about considering many builders raised prices as much as 35% in the first half of 2022 on top of all the other increases since the pandemic started. I suspect the 2022 sharp increase were due to the anticipation of a FOMO rush to beat the forecasted and inevitable interests rate hikes. Prices increases that have absolutely no foundation for long term sustainability. The problem is that this one off event has come and gone but builders are hard pressed to make price adjustments due to the fall off in demand. They don't want to anger those who are in contract who overpaid for their home possibly jeopardizing the sale. Home price appreciation nationwide was approximately 18% at the peak since the start of the pandemic. In comparison some Sarasota Metro new construction offerings are up as much as 80 to 90 percent for the same time period. Lakewood Ranch is in a major bubble folks almost to the point where it makes more sense to rent when you factor in all the expenses above and beyond a mortgage. Prices need to drop a lot to be considered reasonable and more in line with SW Florida long term charts for price appreciation.
That HOA goes up significantly when the builder pulls out and the HOA takes over.
Price needs to drop to around 250k . With 7 percent interest good luck to people who buy these homes even for 350k .
Really nice video! The home is beautiful
30k not hardly price drop. Talk when it’s hitting 100k.
Agreed
These builders will soon have to be doing those if they want to move them. I hope to see these very soon :)
What is insurance like? Flood zone? Is there a mandatory HOA? What are the HOA fees? Why are the toilets "winterized"?
Nice video 😊
Pretty house. $475-480. I'll wait.
Let's not kid ourselves. The housing market is flooded with inventory now that interest rates have climbed to 7%. It's funny how these builders a short while ago would release only a few lots at a time where buyers needed to bid on the lot & often go above the "asking price".
LWR is not flooded with inventory.
There are pockets and bubbles
This is a bubble that is protected for now
FYI this is a Model home loaded with upgrades and upsells by DR Horton.
$509K would not be market price, maybe $ 600 or $650K.
I cannot speak for dr Horton in other areas but these 2 here in LWR the price on paper is the price you pay. They removed the upselling to speed up production. I have put two in contract that past 2 months from them and indeed it was the same price. Great thing for buyers since a lot of builders do that whole upselling thing which I hate. So far PULTE and DR are the two that are not doing that here.
No hanging rods and shelves in the closets?
Crazy.
Superbe maison 🏠
Right :)
Insurance companies are leaving and the ones left behind are astronomically increasing rates. No thank you, these prices are totally crazy. Good luck to the builders and existing homeowners trying to sell.
Ridiculous is, when we compare these prices to 2019, the last normal year.
Esa propiedad está en una buena zona,pero está muy alto el precio
Why must nearly all new Florida homes have an "open great room" effect? Is it because,
if they put partitions between the kitchen, dining area & living room, the public would
see just how small each area was? In reality, kitchens get messy & people in the living
room, don't want to see it & that so-called "great room" seems mighty small, after awhile!
That is pretty standard for all new home builds across the U.S.
No one can afford to buy a depreciating asset like a house when the market price is falling 50%.
Already some LA homes are back at 2014 prices. Nobody is going to take a 30 year mortgage at 8%...
The stats show that there is a 80% cancellation rate on new homes over the first 2 months of 2023 and builders are offering crazy extras to entice people to buy.
But again, no one is going to buy a property today when its going to drop 40% of its value for the next 10 years.
Too expensive....not enough cut in price.
Way to high you could build a custom home with pool for that price
Way overpriced
Way overpriced …more like a 250k home !
wish you could tell all the people that keep paying these price that keep driving up the prices.
This house is in the 500k? What a ridiculous price.
pongan la sona postal porfa
Hurricanes and pythons included in price?
Soo overpriced!!!