Dublin Real Estate Update – 7/18/08
Pop the bubbly, Dublin sold 15 homes this week at an average price of $626K – representing a weekly volume increase of nearly 100% and a 33% average price increase. Understandably, some of the price increase was due to the fact that we had 2 $1M+ home sales and no below market rate (BMR) home sales close this week. However, the volume increase and overall price increase was very encouraging.
Of the 15 new homes that sold, we had 3 new home sales (2 at Elan and 1 at Sonata) and 12 existing home sales.
Please check out this story regarding a business “incubator” located here in Dublin. This is exactly what we need to spark a flurry of new jobs and the subsequent strong demand for homes.
