Dublin CA Homes for Sale | Dublin Market Update April 2016
Following March’s big increase in sales, sellers jumped into the market in April. Inventory was up 39%, while pending sales were flat. Even though sales did not increase, that did not mean there wasn’t a lot of demand for quality properties with the right price. Multiple offers were still common on many properties and homes that did sell tended to do so quickly. The average sale took 24 days in April and was for 103% of the list price.
50 properties were actively listed at the end of April, 14 more than at the end of March and 16 more than a year ago. 45 sales went to contract in April, unchanged from March and four more than in April 2015. Closed sales, following the increase in pending sales in March, increased by seven in April to end the month with 40. 53 sales closed in April 2015. There was a 1.1 month supply at the end of April, up from 0.8 months at the end of March.
April’s median sales price was $892,000, an 8% drop from $967,000 in March and 6% less than April 2015’s $950,000. On the other hand, the price per square foot increased 8%, from $398 in March to $429 in April. The sales price to list price ratio also increased, from 101% in March to 103% in April, which was the same ratio one year ago. On average, homes were on the market 24 days in April, one more than in March and the same as in April 2015.
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 a great time to be selling a home in Dublin. Inventory remains low and there is 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 many 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. Prime properties are getting a great deal of attention and multiple offers. The result is that they don’t stay on the market long. 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.