Dublin CA Homes for Sale | Dublin Market Update July 2015
July was a fairly quiet month for real estate in Dublin. Maybe it’s just the dog days of summer or maybe too many people just went on vacation. In any case, the number of available homes for sale fell for the second straight month and sales were virtually flat from June. Price indicators were mixed, signaling that there is no strong direction to the market at the moment. We’ll see what happens this fall; will interest rates go up, will inventory ever return to pre-2012 levels?
The inventory of homes for sales fell a7% in July, from 46 at the end of June to 37 at the end of July. One year ago, twice as many homes were on the market. Pending sales were little changed, with 61 sales going to contract in July, versus 60 in June and 59 a year ago. Three fewer sales closed in July (57) than in June (60). The result of these changes was that a 0.6 month supply was on the market at the end of July, down from 0.8 months at the end of June. It took a little longer to sell homes in July (19 days) than in June (11 days) but not as long as a year earlier (28 days).
The median sales price in July was $965,000, an increase of 8% from June’s $897,000 and 19% from July 2014’s $809,000. July’s price per square foot was $394, off from $402 in June but 9% higher than the $363 in July 2014. July’s sales closed for 101% of the list price, on average, compared to 103% in June and 99% a year ago.
The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.
Sellers: It is still a great time to be selling a home in Dublin. There is still strong demand from buyers, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for some properties, having a highly competent agent who knows the Dublin market will be critical to your success
Buyers: Being prepared to act quickly will be the key to getting the home you are looking for. While properties are staying on the market a bit longer, and there are fewer multiple offers, prime properties are still getting lots of attention and often see multiple offers. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.