You have to love it – in the face of rising interests rates and the glum news from the financial press, home sales managed to increase in Dublin by 30% for the week-ended 6/13/08 to a total of 13 units sold. The average home sale price decreased due to the mix of homes sold – most of the homes sold this past week were townhomes and condos. A total of 6 new homes were sold (including 4 from Elan) and 7 existing homes were sold (including 2 at the Terraces).

The national market indicators are also pointing in a positive direction with pending home sales up 6.3% in April and mortgage applications rising a whopping 10.9% for the week-ended 6/6.

Based on Dublin’s enviable attributes (location, community, and housing options), the pent-up demand from prospective homebuyers, and the inevitable drop in mortgage interest rates, Dublin’s real estate market is certain to remain strong for the months and years ahead.