Snapshot of the Current Rhondda Community Real Estate Market

by TomShealy on July 17, 2010

So the tax credit has expired. Now what? Well, there is little doubt the tax credit provided a fairly significant boost for the real estate market, the Rhondda 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 Rhondda Community. There were 12 homes sold in the Rhondda Community in the last six months. Not bad, but most of that time was during the “tax credit period”. SINCE THE TAX CREDIT EXPIRED, 4 homes have gone under contract. All of those sales occurred in the last 6 weeks! Bottom line, the Rhondda Community experiences a fairly steady demand. Yes there was an uptick in activity during the tax credit period, a slowdown immediately following (May), but as the last six weeks indicate, homes are still selling in Rhondda!

Currently there are 4 townhomes and 1 single listed for sale. This is not a large inventory as the average number of homes for sale is normally almost twice that. If you are considering selling your Rhondda 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 Rhondda Community, check out John Lauber’s excellent analysis posted below.