Mortgage Interest Rates Creeping Up Again. What Effect Will It Have on Lakewood Ranch Home Sales?

The average mortgage interest rate on a 30-year fixed rate loan in the United States edged up to 4.47% last week, up from 4.42%  while the 15-year rate also rose to 3.51% from 3.43% the previous week.  The average fee for a 30-year fixed rate remained unchanged at 0.7 points while the fee for a 15-year loan edged downward slightly to 0.6 points.

While interest rates are not the only factor in a decision to buy a home", says Dick Plumb, a Realtor who sells a lot of homes for sale in Sarasota as well as Bradenton homes for sale, "it is clearly something to watch closely as the Sarasota and  Bradenton real estate market tries to extend its recovery from the bust that wrecked the Sarasota real estate market in 2008 and 2009.

Lakewood Ranch is one of the few areas that suffered relatively less than other areas because it is such an attractive place to live; a huge master-planned community that combines all the components of "a wonderful life."    Located on the southeastern edge of Manatee County next to Sarasota Florida, Lakewood Ranch is a place to enjoy life, a community including more than one golf course neighborhood as well as a place that will provide you with lasting friendships and memories. Homes and condos in Lakewood Ranch come in a wide variety of styles, amenities and price ranges.

Introducing Central Park, A Family-Oriented Community in Lakewood Ranch

The Central Park "village" in Lakewood Ranch is currently comprised of seven distinct neighborhoods centered around the picturesque 10-acre Central Park. The perfect community for families, Central Park’s main attraction is this family-friendly park. Children will have fun with other kids in the playground and splash park, playing catch in the baseball field, or playing with their four-legged friends in the dog park. There's also two tennis courts and meandering sidewalks for relaxing strolls or bike rides.

    To reach Central Park, take University Parkway east from I-75 to Lakewood Ranch Blvd. Then turn right at Malachite Drive to Central Park.

    Builders in Central Park include Neal Communities, Bruce Williams Homes, Cardell Homes and Lee Wetherington Home all oexpereinced home builders.

    The Brickell Park, Piedmont Part, Forest Park and Gramercy Park neighborhoods contain homes priced from the $100's while Claremont Park and Longview Lake Park neighborhoods have somewhat larger homes up to 3,000 sq ft priced from the $200's.

    As with all Lakewood Ranch homes for sale, the homes in Central Park have been built to meet the Florida Green Building Coalition standards for energy efficiency, clean indoor air, sustainability and drought resistant landscaping native to Florida.

    Families with children will appreciate top-rated Willis Elementary School and equally top-rated Nolan Middle School. For people of all ages, there is an comfortable home awaiting you in Central Park in Lakewood Ranch.

Intro to Edgewater

The gated Edgewater "village" within Lakewood Ranch is located right off University Parkway bordering the 160 acre Lake Uihlein. The unsurpassed views of Lake Uihlein from these homes will astound you. It's central location puts residents close to Lakewood Ranch Town Center as well as to Lakewood ranch's, golf courses, medical center and all the rest, but also handy to downtown Sarasota and the Gulf beaches.

Beyond the beautiful lake views and sunsets, Lake Uihlein is great for fishing, canoeing and kayaking. Only non-motorized boats are allowed on the lake so you'll never be bothered by noisy wave runners and powerboats.

A certified "green" community, all homes in the Edgewater village have all been built to meet the Florida Green Building Coalition standards for energy efficiency, clean indoor air, sustainability and drought resistant landscaping.

The Edgewater "village" encompasses five distinct neighborhoods, each with its own amenities. Your choice of home style is wide in Edgewater from luxurious maintenance-free condos and carriage homes priced in the $300's to single-family homes and custom estate-sized properties ranging in price up to the $500's. Within Edgewater, there is also a gated townhome community called The Moorings where units range from the high $200s to $500,000.

You'll like living in Lakewood Ranch and be amazed at how easy it is to get from here to anywhere in the  Sarasota and Bradenton area.

Families with children will appreciate top-rated Willis Elementary School and equally top-rated Nolan Middle School. For people of all ages, there is a comfortable home awaiting you in the Edgewater village in Lakewood Ranch.

If Lakewood Ranch doesn't turn out to be your "cup of tea," I'd be pleased to show you other areas in and around Sarasota Florida, itself including homes for sale in The Meadows