About Alameda County, CA

For those of us active in the real estate market in Berkeley, CA, and the adjoining communities, 2009 was frustrating. I kept telling myself it was primarily because of low inventory. With not enough properties to show our clients we had buyers who were disappointed not to be able to find the home they wanted here. Others found their desired home, only to have it elude them as one of the several other offers received was the winning bid. In a surprising number of cases in Berkeley in 2009, the winning offers were all cash (see my post below from Dec. 2009).

Some took their disappointment to other East Bay cities where they were able to find distressed properties at attractive prices. But for those who want to live in this community because of the rich architectural heritage, the physical beauty, the active "life of the mind" and the tremendous variety of ethnic restaurants and ingredients -- few places will compare. University towns are special that way! Palo Alto has some similar attributes, but with a substantially higher median price. For many of my buyers, only Berkeley, or the adjoining communities of Albany and Kensington, or adjoining neighborhoods such as Rockridge in Oakland, will do.

You can scroll down to read an earlier blog post about what I think are the reasons for the lower inventory. Whatever the reasons, the fact is that our inventory was down in Berkeley anywhere from 13 to 21% from 2008, depending on the quarter, and that had been similarly down from 2007. Statistically that doesn't sound enormous, but the absolute numbers were quite small. Through 2008 the average number of single family properties on the market per month was 164; all property types averaged 199 per month. That same numbers for 2009 were 141 and 169, down 14.5% and 15% respectively. For sold properties the figures are 38 through 2008, and 36 through 2009, a remarkably small difference, on an equally small sample size. Total residential properties sold in 2008 was 461; in 2009 it was 434, a decrease of just under 6%. I must say that as one of the fewer than 600 members of the Berkeley Association of REALTORS(R) it is rather daunting to realize that at least in single family homes, there were a grand total of 868 sides of transactions for the year. Divided by the number of BAR members (584 at last count) that means on average each association member did 1.5 deals in 2009, and it only goes to 1.6 deals considering all residential sales! If you consider all property types, then each agent did an average of two deals for the year.

The chart below shows median list price and median sold price. You can see it varies by month, but median sold prices exceeded list prices from February 2008 through February 2009, and then again in October the sold prices again began to exceed list. It takes a great deal of overbids for the median sales price to exceed the median lists price! But while at the end of 2008 we were looking at median sales prices in the low to mid-$700K range, as the end of 2009 approached we saw median prices at $700K in November take a full $100K hit in the two subsequent months. For the month of December, the median sold price was $595K. More significantly, the year-to-date median was $658.6K, almost a $100K drop from the previous year's rolling median. Obviously we are all anxious to see what the new year will bring!

Homes for Sale in Dublin Ranch in Dublin CA, January 2010 - Market Snapshot for Dublin Ranch in Dublin CA February 5, 2010* Four single family homes for sale in Dublin Ranch and Dublin Ranch Village or Dublin Ranch homes for sale in 94568 sold during January 2010. All were spacious homes with at least 3 bedrooms and at least 2 and one-half bathrooms. Selling prices of these homes ranged from $575,000 to $850,000 and the median home price in Dublin Ranch for homes that sold is $664,000. These homes were on the market an average of 36 days. Additional details on the homes that sold at the low end and high end follow.

6174 Shadow Hill in Dublin Ranch in Dublin CA sold for $575,000 after 42 days on the market.

3782 Hobstone Pl. in Dublin Ranch in Dublin CA sold for $850,000 after 0 days on the market:


How to get there?
Homes for sale in Dublin Ranch in Dublin CA or Dublin Ranch homes for sale in 94568 are located East of Tassajara Rd, North of Gleason Rd. and on either side of Fallon Rd. in Dublin CA.


There are currently 19 detached single family homes for sale in Dublin Ranch in Dublin CA or Dublin Ranch homes for sale in 94568 pending sale (or under contingency contract). The median home price in Dublin Ranch is $829,000 for single family homes pending sale (or under contingency contract). Pending home prices range from $675,000 to $1,046,700.

121 homes for sale in Dublin Ranch in Dublin CA or Dublin Ranch homes for sale in 94568 sold in 2009, 75 were single family homes with a median home price of $756,000 and an average of 37 days on the market. 46 attached homes including condos and townhomes sold in 2009 with a median home price of $380,000. The attached homes that sold spent an average 47 days on the market.

Five attached homes for sale in Dublin Ranch in Dublin CA or Dublin Ranch homes in 94568 (2 condos and 3 townhomes) sold in January 2010. The median home price in Dublin Ranch was $405,000 for Dublin Ranch attached homes sold during January 2010. Selling prices ranged from $350,000 to $485,000. Additional details on the homes that sold at the low end and high end follow. These homes were on the market an average of 32 days.

3640 Finnian Way in Dublin Ranch in Dublin CA sold for $350,000 after 5 days on the market:


3748 Whitworth Dr. in Dublin Ranch in Dublin CA sold for $485,000 after 68 days on the market:

There are currently 37 attached homes for sale Dublin Ranch in Dublin CA or Dublin Ranch homes for sale in 94568 (condos and townhomes) pending sale. The median home price in Dublin Ranch is $374,950 for Dublin Ranch condos and townhomes pending sale (or under contingency contract). The price of condos and townhomes pending sale range from $265,000 to $625,000.

Active homes for sale in Dublin Ranch in Dublin CA or Dublin Ranch homes for sale in 94568 currently being marketed include 38 properties:

• 5 detached single family homes priced from $559,950 for a 3 bedroom 2.5 bath home with 1,614 square feet to $719,000 for a 4 bedroom 3 bath home with 2,376 square feet of living space.
• 33 condos and townhomes priced from $299,950 (2 bedroom, 2 bathroom condo with a reported 1,066 square feet) to $749,000 for a townhome with 4 bedrooms, 3 ½ bathrooms with a reported 3,012 square feet.

  Click here to receive ongoing monthly Market snapshots for Dublin Ranch
  Click here to request a list of all homes for sale in Dublin Ranch in Dublin CA

Are you interested in what is going on in the hyper-local real estate market at this moment? The market snapshot shows homes for sale and homes recently sold, including price as well as community and school information. Click here to create your own, up to the minute market snapshot directly from the MLS.

Buying or selling a home in Dublin Ranch or Dublin CA real estate, contact us as we are skilled agents, offering extensive knowledge and strong negotiation skills who are truly focused on "Getting You Where You Need to Be!"

Contact Vickie Nagy REALTOR®, ABR, CRS, GRI e-PRO, SRES - CA DRE Lic. #01363932
(925) 407-7987 or click to e-mail Vickie Nagy
OR
Contact Steve Nagy REALTOR®, - CA DRE Lic. #01863790
(925) 407-7853 or click to e-mail Steve Nagy

Please contact Vickie Nagy or Steve Nagy for all of your real estate needs in Alamo, Danville, San Ramon, Dublin, Livermore, Pleasanton, Walnut Creek and Concord. Search for Homes For Sale - Keller Williams Realty

To see homes for sale in Dublin CA neighborhoods including Dublin Ranch in Dublin CA visit Dublin CA Neighborhoods Real Estate. Click here for the Median Home Price in Dublin CA . More information on homes for sale in Dublin CA, including foreclosures for sale can be found at www.VickieSellsHomes.com

Recent archives of Real Estate Market Updates for Homes for Sale in Dublin Ranch in Dublin CA include:
December 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
November 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
October 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
September 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
August 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
July 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
June 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
May 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
April 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
March 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
February 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
January 2009 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA
December 2008 Dublin Ranch market update and homes for sale in Dublin Ranch in Dublin CA

** Based on information from the Contra Costa Association of REALTOR'S® MLS (for the monthly period from the first through the last day of the month). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

This weekend Actual Cafe located on San Pablo and Alcatraz is having a laptop free weekend. Yes, the Cafe does have WiFi but laptop users are being asked to turn them off. The idea is to create an environment where people sitting near each other would tune in to their environment and the people, rather than their laptops, says owner Sal. The Actual Cafe is seriously bike friendly and has places to park your bike inside! How cool is that?

Some lenders are really getting on the program. It's called the "Short Pay Refinance." Realizing the cost and time involved in foreclosing on a home, some lenders are willing to work with homeowners wanting to stay their homes. One approach is the "Short Pay Refi."

Basically, it is the payoff of a CONVENTIONAL first mortgage that has a balance greater than the home is worth, with an FHA 30 year/fixed rate mortgage. The new FHA Mortgage is based on the current market value of the property. If you are interested in finding out if this could work for you, contact me.