Dublin, CA Housing Stats for October 2013

Although we are well into Fall and headed toward Winter, buyer demand in Dublin, CA remains strong.  Currently, there is only one month of inventory available.  As you can see from the graph below, homes sell for 100% of list price in Dublin.  Days on the market for detached single family homes is about 19 year to date.  As of the end of October 2013, there were 35 active homes on the market, 49 pending and 38 sold, with average selling price of $798,000 for detached homes.  However, the market is slower than it was this past summer.  Inventory is down to 35 active homes compared to 55 in August.  Average days on market is up to 26 compared to 12 days in August. (click on images to make larger)

Graph DOM                       Monthly Stats

As of today, average 30 year fixed loans are 4.38%, which is higher than this year’s low but still good.  It will be interesting to see how the market responds in 2014.

Enhanced by Zemanta

Dublin, CA Housing Stats- Single Family

2011 finished fairly strongly with 29 single family homes sold in Dublin, CA in December 2011.  As of December 2011 there was only 1.1 months of supply on the market compared to 2.1 months in December 2010.  The average selling price was $565,000 or $264 per sq. ft.  Homes sold at an average of 98% sale price/list price ratio.  All of these signs point to a relatively healthy real estate market in Dublin.  Combined with record low interest rates, homes are not staying long on the market, averaging 34 DOM.  Many buyers are attracted by the relative affordability of Dublin vs Pleasanton and San Ramon, while still having access to newer homes, great schools, and great location close to freeways and shopping.  See graphic below for detailed stats.

Enhanced by Zemanta