Dublin Real Estate Market Update, December 2010

Below you will find various graphs for the Dublin real estate market, each graph represents both active listings as well pending and sold listings for the past 30 days. We have broken up each graph based on price ranges in order to easily decipher where your home or potential home may fall if you decide to buy or sell in each range.

Included in the various information below you find not only homes actively on market and pending/sold listings but you will also find average days on market in each price range as well as an absorption rate for each. An absorption rate is best described as the ratio of the current inventory of active listings compared to sales. In other words, given recent activity, we can estimate how long it will take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.

Dublin Homes Under $299,999: Currently there are 35 homes for sale in Dublin under $299,999, 9 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 49 days. At the present rate of sale, it will take a little over four months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Dublin Homes $300,000-$499,999: Currently there are 77 homes for sale in Dublin between $300,000 and $499,999, 27 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 33 days. At the present rate of sale, it will take about three months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Dublin Homes $500,000-$749,999: Currently there are 35 homes for sale in Dublin between $500,000 and $749,999, 11 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 98 days. At the present rate of sale, it will take about three and a half months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Dublin Homes $750,000-$999,999: Currently there are 17 homes for sale in Dublin between $750,000 and $999,999, 10 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 23 days. At the present rate of sale, it will take a little under two months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

Dublin Homes Over $1 Million: Currently there are 3 homes for sale in Dublin over $1 million, 2 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 9 days. At the present rate of sale, it will take a little under two months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

All Dublin Homes: Currently there are 167 homes for sale in Dublin total, 59 homes have pending sales or have sold in the past 30 days, these homes had an average market time of 42 days. At the present rate of sale, it will take a little more than three months to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate. To gauge more precise data for your home or the home you may be interested in please see the data charts above which are price specific. Need to know how much your Dublin home is worth? Or maybe how much you can afford in Dublin? I can help!

Dublin Real Estate Market 2009 VS. 2010: Below you can quickly and easily compare the Dublin Real Estate Market for 2009 and 2010, as you can see for December 2010 is much slower that in 2009. 2010 is showing a more than double the amount of active homes for sale than this same time last year, however, last year there were more homes pending and sold. Meaning, that in November 2009 it would have taken about a month (compared to the three months for November 2010) to sell all of the current active listings, without adding any new homes for sale, this is the absorption rate.

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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