Dublin saw another exponential increase in home sales this week with a 60% jump in the number of homes sold as compared to last week. This week’s big jump was due to robust new home sales (including 9 at Elan and 3 at Silvera Ranch). With that said, the impressive number of new homes sold at Elan contributed to the dip in the average home sale price this week (to $509K from $626K).

The housing bill that was recently passed by the U.S. House of Representatives could provide a boost to the real estate market (if passed by the Senate and signed by the President). Specifically, the proposed $15B in housing tax breaks would provide a strong stimulus for buyers that are “on the fence” about buying a new home.