As the economy recovers, many people are regaining their confidence in the real estate market. In fact, real estate in Dublin Ranch has already turned back towards a seller's market. While you may not have been able to buy at the most advantageous point there is still significant reward to be made through investing in a Dublin Ranch condo or townhouse. Consider that while supply is down 39% and demand is up 117% from November of 2007 there are still 2.4 months of inventory on the market.
The other big point is price -- prices of homes are still below where they were originally offered by many of our neighborhood’s builders. Dublin Ranch condos and townhomes are down 19% from November 2007, so if you act now you will still be making a favorable deal. These prices have been climbing steadily since March 2009 and in the next few months are sure to meet their previous level. Even if you are not interested in investing, per se, but have a desire to live in the Dublin Ranch community, now is a great time to act.
Enjoy the Holidays!
Compared to two years ago, demand for Dublin Ranch condos and townhomes has increased by 117%. That's astronomical! By all indications, we expect this trend to continue through the spring and summer. While owners of Dublin Ranch condos and townhomes are currently experiencing a pleasant strengthening of value, the continuation of this trend will drive prices even higher. That is great news for owners looking to sell in the near future.
Another factor that plays directly into the value increase of Dublin Ranch townhomes and condos is the decrease in supply. The number of townhomes and condos for sale this past month is 39% lower than two years ago and down 19% from November 2008. Though we have seen a slight surge since August, with several homeowners taking advantage of the favorable market, that climb has already reached its apex. We expect that the inventory will continue to dwindle over the next several months.
More Data.
One of the interesting things we’re seeing in our market now is a transfer of wealth from intangible assets (stocks, bonds, mutual funds, etc. ) to tangible assets (gold, silver, and real estate). Much of this is happening because of inflation, but it also has to do with consumer’s comfort levels. In other words, when investors lose money in “intangibles,” they go back to things they can touch and hold onto with their hands.
Most people know that lenders are having to off-load their real estate assets that have been acquired through the process of foreclosure. Many times, these properties are being offered at a discounted price so the lender can get the “non-performing asset” off their books. A couple of years ago, acquiring a property in the Bay Area that was cash-flow positive meant that you had a loan that was negatively amortized. Now, with fewer people being able to buy and the strengthening of the rental market, along with the decline in property values, the opportunity to buy couldn’t be more ideal. As Robert Kiyosaki’s “Rich Dad” said, now is the time to “Buy it Right!”
A few weeks ago we here at Dublin Ranch Lifestyle made a decision to help residents build wealth back into their portfolio through real estate. To do that, we will be offering Bay Area bank-owned properties that should perform well in the coming years as you are looking to rebuild your nest egg. Most, if not all, of the properties we will be bringing to market will be outside of the Dublin Ranch area. However, we will be showing these properties to you and offering a free analysis of how these properties could perform for you through three primary investment objectives: appreciation, cashflow, and income sheltering.
You will be able to find these properties on our site in the Real Estate section. If you would like to speak with us about the risks and rewards of real estate investment, we would be happy to share our 30-minute presentation with you; contact us today!
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