Hansen Hill & The Ridge Dublin Market Update July 2010

The real estate market in the Hansen Hill/The Ridge neighborhood of Dublin kept humming along over the past six months. New properties continue to come on the market, with many of them selling quickly. Some others that were listed for a longer period are pending sale. Six of the 16 (38%) of the active listings, pending sales and closed sales are distressed (either short sale or REO).

There are five active listings with an average price of $952,570 or $289 per square foot. On average, they have been on the market for 85 days. The Meadow Court home is REO and the Buckeye Court home is a short sale. At the current rate of sales, this is about six months worth of inventory.

The five pending sales have been listed for an average of 111 days. The average asking price is $822,745 or $279 per square foot. The Bay Laurel Street homes listed for $740,000 is a short sale and the Inspiration Circle home is REO.

There were six closed sales during the past six months. They sold for an average price of $929,167 or $258 per square foot, which was nearly 100% of the asking price. These homes all sold quickly, being on the market for only 19 days, on average. 11183 Bay Laurel Street and 10818 Inspiration Circle are short sales.

Hansen Hill blends elegance into thoughtfully appointed homes. Set in the hills of West Dublin, these homes are just minutes away from freeways, BART, shopping, and schools. Several homes offer fabulous views of the hills and canyons of Dublin, as well as the valley. Hansen Hill is the original phase, and The Ridge is the newest phase.