Dublin CA Housing Market is Not Following Traditional Sales Cycle

The home sales cycle in most communities follows a traditional yearly trend – active listings are up in the summer and down at the end of the year. Dublin, California, under pressures from a large inventory of new construction and a higher volume of condos than other surrounding communities, has broken the trend.

The graph below shows the Active Listings (top Line) versus the Pending Sales (bottom line) for Dublin, San Ramon & Pleasanton California from August 2006 to present.

Our FREE In-Depth Market reports updated weekly, break local real estate data down by zip code and price point.

If you get this week's Dublin California Market Report, you will see that the price per square foot continues to drop as do the days on market. If you note the Characteristics per Quartile you see the action in Dublin is in the middle of the market (according to price). The bottom quartile represents smaller homes and the oldest homes on the market. The upper quartile represents the largest square footage homes.

There are two significant factors that affect the Dublin market as compared to Pleasanton and San Ramon – new building inventory and condos. The Dublin housing market continues to feel pressure from builders discounting prices to maintain cash flow. The plethora of condo sales in Dublin when added to sales of foreclosures and short sale properties represents the majority of buyer activity in Dublin.

The median price range per quartile shows the same declining rate in all price points

This continues to be the best advice we can give to home sellers wanting or needing to sell their property in a timely fashion: How to Sell Your Home – Price it Right is #1

Contact Craig for more info on homes for sale in Dublin, San Ramon & Pleasanton  925-984-4910