OPPORTUNITY KNOCKS! — Mortgage rates are near historic lows!
OPPORTUNITY KNOCKS! — Homes are more affordable than they have been in
OPPORTUNITY KNOCKS! — 5% “Friends and Family” commission rate to sell
your home … PLUS, $1000 toward your settlement
If you are considering selling and/or buying a home, Opportunity could be knocking for you.
As a seller of your Liongate home, you can expect good response. Liongate is a sought after community. Seventeen homes sold in Liongate in the past 12 months. Six two bedroom homes sold for a median price of $199,250. Eleven 3+ bedroom homes sold for a median price of $229,900. We expect to see 20 sales in Liongate in 2011.
As a buyer, mortgage rates are still near historic lows. Currently mortgage rates are about 5%, up from the historic lows of 4.5% or less, but obviously still a tremendous rate. We expect mortgage rates to tick up in 2011. Home prices have dropped in the last couple of years (as we all know), such that homes are more affordable now than they have been in years! Again, we expect home prices to rise slightly in 2011.
The last couple of years have been tough, economically, especially for homeowners. The members of The Kim Wood Team want to do what we can to make 2011 the year we all move forward. We are offering a limited time, special rate to all Liongate homeowners PLUS we will pay $1000 toward your closing costs if you list your home with us! If you buy a home in the local area (with one of us assisting as your buyer’s agent), we will pay $1000 toward your closing costs on that home as well!
To learn more about our SPECIAL RATE, email us (Inquire at TheKimWoodTeam dot com) or call (484 876 1256) now before this Opportunity stops knocking.
Right down the road from Liongate is My Gym Children’s Fitness Center, a place just for kids! My Gym is an excellent alternative to TV, movies, or video games and a great way to keep your children active and physically fit. Structured age appropriate programs are available for children six weeks to 13 years of age. These programs aim to enhance strength, balance, coordination, social skills but most of all just have fun through activity. Specific programs such as camp, karate, sports, music, dance, and arts and crafts are available as well as drop off programs which are very popular and fill up quickly. One example is Parent Night Out. Saturday nights from 6pm – 9pm for ages 2 ½ to 9 years old. Activities are planned and they have a blast and leave healthier, tired and ready for bed. 1 child is $30. 2 children: $40. 3+ children: $45.
My Gym is a great idea for that special Birthday Party. The staff will bring My Gym to your house or a park of your choice!
The fall schedule which begins September 7th, 2010 is up. Enroll now to be sure you get the spot you want.
Call for more information: 610-363-6090.
Location: 138 Eagleview Blvd in Lionville, PA 19353
Well, there is little doubt the tax credit provided a fairly significant boost for the real estate market, the Liongate Community included. As real estate professionals, we have noticed a “slowdown” since the credit expired April 30. This was not unexpected as it was fairly obvious that a number of May/June buyers moved their purchase earlier to take advantage of the tax credit. We expect this to resolve itself in the very near future. In fact, I have noticed an increase in buyer interest in the last couple weeks.
So what about our area of specific interest, the Liongate Community. There were 10 homes sold in Liongate in the last six months. Not bad, but most of that time was during the “tax credit period”. SINCE THE TAX CREDIT EXPIRED, 2 homes have gone under contract. Bottom line, the Liongate Community experiences a fairly steady demand. Yes, there was an uptick in activity during the tax credit period, a slowdown immediately following (May), but homes are still selling in Liongate!
Currently there are 8 townhomes listed for sale. If you are considering selling your Liongate home, now might be a good time to give The Kim Wood Team a call.
For a slightly broader “look” at the real estate market surrounding the Liongate Community, check out John Lauber’s excellent analysis of the Uwchlan township posted below.
“How’s the market?” is one of the most common questions we hear as real estate agents. The chart below shows the past year, ending in June, 2010. As you can see, Uwchlan township, which Liongate is a part of, has had steady sales for the past year. With the activity in March and April, as the tax credit ended, shows an increase in listings and eventually solds (see June) as sellers tried to get their home on the market and let buyers take advantage. Those under contract listings, became June’s solds as the original settlement date of June 30, 2010 approached (note: that was recently extended for settlements only to the end of September, 2010).
The days on market has remained remarkably low compared to Chester County and it could be considered a “normal” market, as the current absorption rate for Uwchlan township is only 6 months of inventory (i.e. 6 months to sell all current inventory with no new listings). Anything between 5 and 8 is generally considered a normal market. Chester County is still tilted towards a buyer’s market.
If you would like even more detailed information regarding your property, especially as it pertains to the Liongate community, feel free to contact us.
Check out the chart below:
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