Dublin: The Hottest Market In The Bay Area
Dublin real estate is peaking this summer. With the hottest months of the year in the market coming up, real estate in Dublin, California has never been more popular and desirable for buyers. If you are considering selling your home, now is arguably the best time on record.
Buyers are flooding to the Tri-Valley area since the pandemic began, spanning Walnut Creek down to Livermore. Our valley in the Bay offers something for everyone from single family homes to luxury condos and townhouses, and used to be known for its affordable buying opportunities. With buyers craving backyards, more square footage and ample space for their families more so now than ever, the property market has been off the hook.
The median home price for a house in Dublin was $1,440,000 over the past 3 months, up 10.8% from Q1 this year.
Just 3 years ago we passed $1,000,000 for the median single family home. This market is moving faster than it ever has.
Even the condominium market has seen a 7% gain since April.
The most significant statistic of all; there has been a 73% increase in sales over the past 3 months compared to the previous quarter. 219 homes have sold. There are only 55 active listings on the market, and half of those only hit the market this week.
The market is severely undersupplied and everything is selling within 11 days.
July alone saw 133 sales. To put that into context, the next highest total sales in a month was last August, which saw 113, followed by July 2020 with 111.
Prior to that, there hasn’t been a single month with more than 100 property sales in recent history.
If you have been holding out for the top of the real estate market to sell, let's talk. I'll run you through your options and give you an honest assessment of what I'm seeing in the market.
