One of the things people see as necessary to the region is more lower priced homes to enable more workers to own their own homes. Additional lower priced homes around the lake may help the labor shortage that most area businesses are experiencing.
Condos are usually priced lower than single family homes but in the current market everything is expensive. Obviously, waterfront condos, such as at the old Barton's Motel site, are not low priced.
Lennar, one of the biggest home builders in the country has intentionally slowed down sales in it's Florida developments, only releasing a set number of home sites each month. Even with that reduction, just their southwest Florida division had over 500 closings in August. People are waiting in line to sign up for new homes. Recently, Lennar has used online bidding for individual homes, as they become available, and the prices have skyrocketed.
With property valuations everywhere up significantly it will be interesting to see where tax rates are set.
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