Elan Home Sales Continue to Influence Dublin CA Real Estate Trends

Home sales in Dublin jumped 60% over last week. Driving the spike in sales were 9 at Elan and 3 at Silvera Ranch. While the builders and developers continue to drive sales, their tactics are driving the average sales price down. Units sold this week at Elan dropped to $509K from $626K.

If you look at our MLS Trends, you will see that Dublin, CA is probably the hottest market in the TriValley area as a result of this deep discounting to move standing inventory. We’ve written about the effects of this before on existing home owners in the Dublin area: New Home Builders Inventory Dumping Hurts Sellers in San Ramon and Dublin

Situations like this do not in-dear the developer to the home buyers who are watching their units decrease in value and their loans go upside down as a result.

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Contact Craig if you are interested in Dublin real estate (homes, condos) (925) 984–4910