Is Recovery on the horizon for condo sales in Dublin, CA? While national news media excel at taking the temperature of the national market, they are not as informative for the individual local markets. Just how many Dublin condos and townhomes on the market are short sales? How many of them are in foreclosures?

Readers may be surprised to learn that of the 93 condos and townhomes actively listed for sale in Dublin, just 12 are foreclosures (12.9%) and 31 are listed as short sales (33.33%). In other words, over half the condos and townhomes currently listed for sale in the MLS are resales or new construction.

A total of 261 condos and townhomes sold in Dublin from January 1, 2010 to February 2011. Of those, 69 were foreclosures, 113 were short sales, and 79 were traditional resales or new construction. Of the 18 condos and townhomes that sold in Dublin, CA in just the past 30 days, two were more than 10 years old. Although selling prices ranged from $150,000 to $626,414, the median selling price was $349,450.

Dublin currently has 102 condos and townhomes listed for sale. The floor plans range from a 1-bedroom, 1-bath condo with a reported 669 square feet of living space at an asking price of $114,000 to a 4-bedroom, 3.5-bath townhome with a reported 2,200 square feet of living space at an asking price of $705,000.

Dublin currently has 99 condos and townhomes sales pending. Just 10 of these pending sales are foreclosures. The prices for these foreclosure pending sales range from $166,668 to $424,900. A whopping 79% of these are reported as short sales (or pre-foreclosures). One unlucky buyer has been waiting since June 10, 2010 for bank approval to proceed with a short sale. The listing prices for the pending short sales in Dublin range from $119,500 to $429,000.