Dublin California continues to be a hotbed of real estate activity in the East Bay

With 31 home sales this week, the Dublin real estate market is on fire! Sales included 18 new homes and 13 existing homes. The average  sale price dropped to $481K (because of the mix of housing sold). Sales this week represented almost a 30% increase in transactions.

Dublin hasn't seen this many home sales in a week since October of 2007.

Here's a graph showing Active Listings (blue line) and Pending Sales (green line) for the last year (August 1, 2007 to August 1, 2008)

If you compare Dublin, CA to other surrounding communities, you will see that Dublin homes for sale are putting Dublin in a unique position in Contra Costa real estate.

The big factor continues to be new home builders forcing prices down and offering incentives to move inventory. Homeowners wishing to sell are having to deal with the reality of the Dublin housing market.

Real Estate is always a LOCAL business

Contact Craig (925) 984-4910 for Dublin California Real Estate and Homes for Sale

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

The Dublin, CA real estate market continues to heat up more than the surrounding communities. Dublin has a lot of condo inventory and new home inventory that developers and builders are motivated to discount. Is this continued pressure on home values along with the rising foreclosure rate affecting the resale market? It must be one of major factors in the rising activity in the Dublin market.

The blue line indicates Active Listings and the green line Pending Sales according to the local MLS. Dublin CA is the only community in the TriValley area where we see this continued trend of the gap closing. The closer the lines get, the more the local market moves toward a buyer's market. You can see some of the other MLS trends here.

San Ramon, CA is the only other market where we see continued significant improvement in this gap. The rise in active real estate listings in surrounding communities continues to out pace the rise in pending sales.

RealtyTrac is showing 151 properties in Pre-Foreclosure, 44 homes at Auction and 92 real estate owned properties (bank owned).

It's a great time to buy Dublin CA real estate. There are many great deals on the market. If you are interested in  new home construction contact Tracey (925) 984-1890. She has over 8 years of new home sales experience working for Standard Pacific Homes as a sales manager. She knows how to get you the best bang for your buck in new home sales. 

If you are interested in foreclosures, bank owned, or distressed properties contact Craig (925) 984-4910, our specialist in that area.