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Dublin CA Real Estate – Homes for Sale in Dublin CA – What do Homes for Sale in Dublin Ranch Sell For? July 6, 2009

07-08-09

Vickie Nagy, Realtor (925)407-7987 San Ramon, Danville, Walnut Creek & more

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Office: (925) 407-7987

Mobile: (925) 407-7987

The Market Snapshot for Homes for Sale in Dublin Ranch in Dublin CA July 6, 2009* reveals 7 single family homes in Dublin Ranch and Dublin Ranch Village sold during June 2009. All were spacious homes with 3 to 5 bedrooms and at least 2 and one-half- bathrooms. Selling prices of these homes ranged from $546,000 to $1,300,000. These homes were on the market an average of 30 days. Additional details on the homes that sold at the low end and high end follow.

5229 Stoneham Ct. in Dublin Ranch in Dublin CA sold for $546,000 after 0 days on the market:
What did 5229 Stoneham Ct. in Dublin Ranch in Dublin CA sell for?

5300 Eaglebrook in Dublin Ranch in Dublin CA sold for $1,300,000 after 25 days on the market:
What did 5300 Eaglebrook in Dublin Ranch in Dublin CA sell for?

There are currently 22 detached single family homes pending sale in Dublin Ranch in Dublin CA (or under contingency contract). The median home price in Dublin Ranch is $802,450 for Dublin Ranch single family homes pending sale (or under contingency contract). Pending home prices range from $469,000 to $1,046,700.

131 homes in Dublin Ranch sold in 2008; 62 single family homes, 69 condos and townhomes. Dublin CA real estate and homes for sale in Dublin CA are on the uptick. The blended median home price in Dublin Ranch for homes sold in 2009 is $535,000. The homes that sold spent an average 57 days on the market.

Three attached homes (condos and townhomes) sold in Dublin Ranch in Dublin CA during June 2009. The median home price in Dublin Ranch is $329,000 for Dublin Ranch attached homes sold during June 2009. Selling prices ranged from $295,000 to $408,000. Additional details on the homes that sold at the low end and high end follow. These homes were on the market an average of 3 days.

3240 Maguire Way Unit 313 in Dublin Ranch in Dublin CA sold for $295,000 after 0 days on the market:
What 3240 Maguire Way Unit 313 in Dublin Ranch in Dublin CA did sell for?

3619 Whitworth Dr. in Dublin Ranch in Dublin CA sold for $408,000 after 7 days on the market:
What did 3619 Whitworth Dr. in Dublin Ranch in Dublin CA sell for?

There are currently 29 condos and townhomes pending sale in Dublin Ranch in Dublin CA. The median home price in Dublin Ranch is $329,950 for Dublin Ranch condos and townhomes pending sale (or under contingency contract). The price of condos and townhomes pending sale range from $268,000 to $440,000.

Active Dublin Ranch listings currently being marketed include 29 properties:

10 detached single family homes priced from $550,000 for a 4 bedroom 2.5 bath home with 1,974 square feet to $1,299,000 for a 5 bedroom 5.5 bath home with 5,205 square feet of living space.
19 condos and townhomes priced from $210,000 (1 bedroom, 1 bathroom with a reported 840 square feet in the Terraces) to $779,995 (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

Buying or selling a home in Dublin Ranch or Dublin CA real estate, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills who is truly focused on "Getting You Where You Need to Be!"

Contact Vickie Nagy REALTOR®, ABR, CRS, GRI e-PRO, SRES - CA DRE Lic. # 1363932

(925) 407-7987 or click to e-mail Vickie Nagy

Please contact Vickie Nagy for all of your real estate needs in Danville, San Ramon, Dublin, Pleasanton, Walnut Creek and Concord. Search the MLS - Keller Williams Realty

Visit Dublin CA Real Estate for median home prices, local information & featured listings.

Recent archives of Real Estate Market Updates for Homes for Sale in Dublin Ranch in Dublin CA include:

** 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.

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Entry Level Home Sales

07-08-09

Dawn Rivera

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Office: (510) 794-9922 x155

Mobile: (510) 909-0373

Been out looking for an entry-level single family home in Hayward, CA? If your answer is yes, then you'll have experienced first hand the craziness that's become reality in the current Hayward, CA market. No matter which property you choose to visit, chances are there are folks there already, and, as you leave, odds are very good that others are pulling up behind you.

The entry-level market for detached single family homes in Hayward, CA has gone plain nuts.

Nuts might be good for squirrels but last time I checked, those cute, furry-tailed rodents don't qualify as first-time home buyers. What's all the fuss? I'll explain the issues and implications at the end of this post, however, let me first set the stage.

Single family homes 1,200 square feet and smaller are flying off the market like pancakes off the grill during a lumberjack festival. Inventory is WAY down and sales are WAY up. In fact, in an unprecedented market maneuver, pending sales numbers are actually out pacing the supply of existing homes for sale. It doesn't take a rocket scientist to realize that something is up and to agree that things can't continue this way for long.

So where are we headed? Does this mean we're at the bottom of this particular market? You tell me. It would appear that prices have stabilized and have been on a plateau for quite a while. There is a mere difference of $4,000.00 between the average sold price from November, 2008 until April, 2009. However, list prices are headed back up - a sure indicator that at least one group believes the market has turned - sellers.

As I've stated in other posts, the bottom of the market cannot be officially called until both Average Sales Prices AND Average Square Foot Prices are either flat or climbing.

While not yet perfectly level, the numbers are looking very, very good. We may not be at the absolute bottom, but we're so close that if I was in a submarine, I'd be sounding the collision alarm and looking for something secure to hang on to.

Lastly we have Months of Inventory. A quick search on Google reveals many pundits stating that approximately 6 months of inventory indicates a level market. More inventory reveals a Buyer's Market, less precludes a Seller's Market. Anyone thinking we are still in Buyer's Market in this category is simply in denial. True, we've not seen prices pounding back upward, but, from personal experience, I can tell you that almost every home in this group is ending up with multiple offers and is selling for over asking price. And here is a part of the rub - most of these homes go on the market with artificially low prices for the specific purpose of securing multiple offers and driving the prices back up again.

Here are 3 Critical Facts you need to know about this market:

1. We are running out of inventory at the bottom of the market.

There are a few reasons for this:

There was a hold on foreclosures from late 2008 until April 01, 2009. Although foreclosures are back on track, new properties have not yet hit the market in any kind of significant volume. That may change any moment.
Unprecedented numbers of buyers are hitting the market because of record low mortgage rates, rock bottom prices and good, old fashioned "spring fever."
The $8,000.00 tax credit and its impending deadline are pushing buyers to cash in before it is too late. Even the confusion about whether or not the credit can be used for the down payment is fueling frenzies in some quarters.

2. Many homes are going pending that ARE NOT actually closing.

Because of the shrinking inventory, many buyers are starting to write on short sales - buyers that would've historically avoided them a brief 3-4 months ago. Once in contract, short sales show up as pendings, but take so long to close they actually mess up the pending numbers (that is the only way more homes can go pending than are actually on the market!). The success rate of short sales is somewhere between 10-20%, and they can take up to 9 months to close. To add to the confusion, many buyers submit an offer on a short sale, it gets marked pending, then those very same buyers go get offers accepted on OTHER short sales as well. While those escrows are slowly stewing in their short-sale crock pots, those same buyers actually go out and manage to get an REO into escrow! One buyer - three escrows? You betcha! You gotta know two of those escrows are NOT going to close, thus adding to the overall confusion in the current market.

3. Current list prices are artificially low.

Banks and their listing agents have figured out the "list low - sell high" strategy and are whipping it into an art form. Low ball offers on REOs are WAY gone unless it's a dog of a property and has been sitting on the market an awfully long time. If you see something out there priced way too low to be real, guess what ...

Lastly, remember that short sale listing agents are also pricing way below market value just to get you through the front door. Problem is, there is absolutely NO guarantee that the bank will actually sign off on the "list price" or your subsequent lower offer.

I believe this situation will be temporary.

We cannot continue to have more homes go pending than are actually coming on the market - this is supply and demand economics 101. Something has to give. I believe it will be supply: in my opinion, we are going to see a resurgence of foreclosed homes into the market in the near future that will level the playing field. Many of these will be existing short sales that have been sitting out there a long time. And in some cases, short sale homes, once foreclosed, will go back on the market at a higher price than their list prices as short sales. This is simply because they were priced far too low to begin so as to attract visitors and offers.

Bottom line: I personally do not believe homes at the bottom will go down much more in value, if at all. I believe homes in the upper end will be the ones taking the hit. And I also am going to predict that by mid-summer, we should be back to at least 3 months of inventory.

So how to respond to all of this?

Be a wise buyer. Cooler heads always prevail and make the money in markets like this while those who respond with panic end up losers every time. Set a limit and stick to it - it may be a while before you land a house, but with careful work and due diligence, you will find one that you can finally call "home."

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If HOA forecloses on condo short sale subject to lender approval....who prevails? HOA? Bank?

07-08-09

Pacita C Dimacali, Alameda & Contra Costa CA real estate

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Office: (510) 748-1148

Mobile: (510) 205-2992

This woman buys a condo for her brother and sister who unexpectedly die within a year of each other. Later, the woman tries to rent the condo, where the rents barely cover the monthly mortgage and HOA fees.

The HOA slaps her with a hefty fine because under their rules, the quota for rentals is filled, and she can;t rent out the condo to non-family members.

She appeals.

Deaf ears. Closed minds. No compromise.

Since she can't rent it out, she doesn't have any money to pay for the condo and the HOA fees. So she tries to sell the condo as a short sale.

In the meantime, the HOA fees accrue. The HOA attorney sends threatening letters, adds a hefty fine (for previous transgression of renting the condo for a short period of time), and attorney fees.

Condo now has offer, subject to lender approval.

HOA records Notice of Default. Is now threatening Notice of Trustee Sale.

Even if bank approves short sale, bank may not pay for HOA delinquent fees, fines and lawyer charges.

So if HOA forecloses, and after the paying off taxes, who becomes the Owner of Record? The HOA? Does HOA trump the bank? Who gets paid next out of the proceeds from the sale?

Is this a case of letting the house burn>

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Any Home Stagers Near Downtown Oakland?

07-08-09

Mike Jackson Realtor Pleasanton Homes For Sale

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Office: (925) 583-3004

Mobile: (209) 556-3965
Secondary: (415) 602-8840

I'm trying to get a few quotes for my listing at 958 28th St. Unit 11 in Oakland. This is a gated community near Downtown Oakland and I think it needs to be staged to look more appealing. If you or someone you know is a home stager feel free to have them contact me at 209-556-3965

Get your home value now !!!

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What Do Homes in Dublin CA Sell For? June 2009 Median Home Price in Dublin CA

07-07-09

Vickie Nagy, Realtor (925)407-7987 San Ramon, Danville, Walnut Creek & more

view my blog
Office: (925) 407-7987

Mobile: (925) 407-7987

The June 2009 median home price in Dublin CA was $632,000 for single family detached homes*. There were 30 home sales of single family detached homes in Dublin CA, the highest priced home sold for $1,300,000, the lowest price home sold for $355,000. The average selling price of detached single family homes for June 2009 in Dublin California was $654,686 after spending an average of 32 days on the market. Your Dublin California real estate market update was written July 6, 2009. See below for information on single family homes sold on the low and high end.

7677 Ironwood Drive in Dublin CA sold for $342,000 after 17 days on the market:
What did 7677 Ironwood sell for in Dublin CA?

What did 5300 Eaglebrook in Dublin CA sell for? 5300 Eaglebrook in Dublin CA sold for $1,300,000 after 0 days on the market:

Home Sales volume and home sales activity is trending UP in Dublin CA! There are currently 95 single family detached homes pending sale in Dublin CA (or under contingency contract). The list prices of these homes ranges from $319,000 to $1,399,950 and the median home price for single family homes pending sale in Dublin CA is $599,250.

The June 2009 median home price in Dublin CA was $345,774 for attached homes including duets, condos and town houses. There were 18 attached units sold, the highest priced unit sold for $440,000 and the lowest price unit sold for $215,000 ($30,000 over asking price). The average selling price of attached homes for June 2009 in Dublin California was $339,888 after an average of 37 days on the market. See below for information on attached homes sold on the low and high end.

What did 6978 Dublin Meadows St. Unit D in Dublin CA sell for? 6978 Dublin Meadows St. Unit D in Dublin CA sold for $215,000 after 7 days on the market:

What did 3656 Whitworth Dr. in Dublin CA sell for? 3656 Whitworth Dr. in Dublin CA sold for $440,000 after 8 days on the market:

To request a copy of future Dublin CA updates via e-mail, click here
Click here to request a current list of homes for sale in Dublin CA

Home Sales volume and home sales activity is UP in Dublin CA! There are currently 74 attached homes pending sale in Dublin CA (or under contingency contract). The listing prices of these homes ranges from $120,000 to $465,800 and the median home price for attached homes pending sale in Dublin CA is $332,500.

As of July 6, 2009 there are currently 90 properties on the market in Dublin CA (down from 116 last month). 43 of these are single family homes with a median list price of $799,000 (priced from $425,000 to $1,700,000). 47 of these are attached homes with a median list price of $388,000 (priced from $116,000to $779,995).

Buying or selling a home in Dublin CA or Dublin CA real estate, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills who is 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

Please contact Vickie Nagy for all of your real estate needs in Alamo, Danville, San Ramon, Dublin, Pleasanton, Walnut Creek and Concord. Search the MLS - Keller Williams Realty

Visit Dublin CA Real Estate for median home prices, local information & featured listings.

Recent archives of Real Estate Market Updates for Homes for Sale in Dublin CA include:

* 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.

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