Yahoo Foreclosures shows 126 homes in Dublin, CA in the foreclosure process. A quick scan shows over 80% of these to be homewoners that have only received a Notice of Default.

RealtyTrac shows 128 Dublin properties in aution; 234 bank-owned homes; and 339 Dublin homeowners in pre-foreclosure status. That’s over 600 homes in questionable status for Dublin, CA. The RealtyTrac image to the right shows the pre-foreclosures and auctions for one section of Dublin.

Looking at our weekly Market Details Report for Dublin, we see the median home price falling and the Average Days on Market rising. The market action index is showing a cold buyer’s market. The falling inventory is still being influenced by end of year listing agreements expiring and, in fact, homes listed for sale in Dublin ticked up this week on the MLS.

The Market Details Report also breaks data down according to house price point . This may help you to price your home if your price is on the bubble.

Condos represent a large segment of the Dublin housing market. Hacienda Crossings has a lot of unsold condos and more being built. New homes at Dublin Ranch are still being built and the builders are very, very motivated to move inventory to keep their crews working and the cash flowing.

So, the Dublin real estate market looks like it is getting hit from all sides and the picture isn’t pretty except for buyers with cash in pocket and good credit. Home sellers in Dublin need to take a good hard look at pricing. Don’t expect any dramatic changes. Change will be slow in coming, maybe 18 to 36 months in this market – UNLESS – the Dublin Raiders move to town.