5 Things We Know about the Dublin Real Estate Market

The Dublin CA real estate market has seen a strong year. Beginning in March, home sales started picking up steam, and have not looked back since. Thanks to Dublin’s abundance of housing in the lower price ranges, first time buyers and investors flocked to Dublin to take advantage of some of the incredible values in the market. Here are 5 things we know about the Dublin Housing market.

1. It will probably be a short sale or REO. Because of the large number of newer homes built in Dublin since 2004, many of these homes are under water. Indeed, 57% of the single family sales in September were either short sales or bank owned homes. So if you are buying, it will probably end up being a short sale or bank owned situation.

2. The market is hot, hot, hot. At the end of September, there was a scant 31 single family homes on the market, and there were 34 pending sales during the month. This is less than one month’s worth of inventory on the market, which is a very hot market any way you look at it. Can you say multiple offers?

3. Dublin has done a great job with transit-oriented housing. Some will complain about the density, but the city of Dublin has done an outstanding job of creating transit oriented housing with easy access to BART. They have also embraced mixed use development in an effort to create a more urban feel for some of their neighborhoods, which is very appealing, especially to younger, trendier buyers.

4. Dublin High School is an issue. We hear a lot of comments from residents of Central and East Dublin about what a hassle it is to drive across town to Dublin High School. The city has made it clear that there are no plans for a second high school that would be more convenient to residents of the East Dublin and Dublin Ranch areas.

5. Dublin has done a great job attracting retail development. Despite the setbacks as a result of the recent economic downturn, Dublin has aggressively pursued major retail tenants with much success, including Lowe’s, Ranch 99 market, New Home Inc, and the many shops of Hacienda Crossing. Future plans include ClupSport, a possible outlet center, and rumors of a Whole Foods market. Retail development generates lots of tax revenue for a city, and Dublin has positioned itself well for the future in this regard.

Expect the Dublin housing market to remain hot for a while, as much of the market is in the affordable price ranges.