If you think that finding a good resale condo in Dublin, CA is hard, you may be right. Condo inventory is down 72% in the last year. The condo real estate in Dublin remains very much a seller’s market. Dublin currently has less than two months of available inventory. While the total number of condos for sale stands at 68, 32 of them are brand new units offered by builders, leaving only 36 resales on the market.

Condos in Dublin continue to be a hot ticket. Twelve of the 21 resale condos sold at or above listing price in Dublin from June 15th to July 15th, according to the Multiple Listing Service (MLS). The month’s condo sales were fairly balanced across the different categories. Of the 21 resale units to close, six were traditional resales, eight were short sales, and seven were bank-owned. One in particular, a two-bedroom, two-and-a-half-bathroom condo in the Woodlands, was on the market for only one day.

Buyer preferences continue to favor the newer condos. Of the units sold, 59% (13) were less than 10 years old. Also, 61% (8) of these newer condos sold at or above asking price. What do Dublin condos sell for under current market conditions? Based on the 21 resale units that closed from June 15 to July 15:

• 1-bedroom, 3 units, $200,000 to $269,500
• 2-bedroom, 12 units, $259,000 to $350,000
• 3-bedroom, 6 units, $230,000 to $406,000

The 36 resale condos currently on the market in Dublin vary in size from one-bedroom units to four-bedroom units. Of these 36 units, 17 are short sales and only six are bank owned homes. The prices range from $135,000 for an older two-bedroom, one-bathroom unit to $634,000 for a newer and heavily upgraded three-bedroom, two-full-bathroom, and two-half-bathroom home.

Dublin currently has 5 bank-owned condos for sale and 18 short-sale condos.