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.
