Dublin Real Estate Update – 10/3/08
Dublin had an astounding number of home sales this past week – 17 in total:
- 9 new homes – 6 at Elan and 3 at Silvera Ranch
- 8 existing homes – distributed throughout all of Dublin
The average home sale price dipped to $485K based on the mix of homes sold (more than half of the homes sold this week were condos).
All of the news of the past few weeks has created a desert of uncertainty. However, there is an oasis on the horizon. Please click here to read an article that makes a case for why and how the East Bay will have spectacular economic growth once the overall economy turns around in 1-2 years. The economist referenced in the article cites the East Bay’s incredibly diversified economy and educated workforce as the primary drivers for our near-term boom. Dublin will definitely be at the forefront of the East Bay’s inevitable economic upswing.
