Dublin Real Estate Update – 10/24/08
High fives all around as Dublin’s average home sale price soared this week to $673,350! This is the highest average sale price that we’ve seen in over a year. The spike is primarily due to the closing of 3 “dream” homes in Dublin Ranch (2 sold for well over a $1M) – evidence that buyers are looking to snap up executive homes in Dublin. In total, 10 homes closed this week:
- 3 new – 1 at Elan, 1 at Silvera Ranch, and 1 at Sonata
- 7 existing – the 3 at Dublin Ranch and 4 other homes sold throughout Dublin
As noted in this article, national existing home sales jumped to a 13-month high and saw the largest month-over-month increase in five years. While prices have undoubtedly dropped, we’re seeing healthy sales volume – showing that there is strong demand for homes.
11:58 PM on October 24th, 2008
Encouraging news and it goes to show that there is demand and a market for Executive Homes in Dublin, even in this downturn. Dublin can play this game too if it had any to play with, not just Pleasanton and San Ramon or Danville.