Dublin CA Homes for Sale | Dublin Market Update September 2015
As is typical in the fall, the Dublin real estate market took on a slower pace in September than it what we have seen most of the year. Inventory is very low, which has clearly hampered sales. Meanwhile, both buyers and sellers were in less of a hurry. While some homes still receive multiple offers, others sit on the market longer. The median sales price bounced back, after falling 13% in August. Lower priced homes continue to command more interest amongst buyers.
Inventory was little changed, losing one unit to end September with 33 homes for sale. That was less than half the 72 homes available a year ago. Pending sales were flat from August at 38, which was five fewer than in September 2014. Closed sales, reflecting the large drop in pending sales in August were off 34%, from 54 in August to 37 in September. A 0.9 month supply was on the market at the end of September, unchanged from August.
The median sales price in September was $890,000, a 5% increase from August $844,000 and 11% higher than September 2014’s $805,000. The price per square foot fell, from $411 in August to $401 in September, while the average sale increased from 100% of the list price in August to 101% in September. Both were significantly higher than a year earlier.
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.