Dublin CA Short Sale Realtor Discusses Nov 2012 Housing Statistics

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Dublin CA Short Sale Realtor Scott Fuller Discusses Nov 2012 Housing Statistics For Your Local Market

Your Dublin CA short sale realtor Scott Fuller has some great new stats for you covering Nov 2012, showing the difference between what is going on in your local Dublin CA market this year versus last year. If you’ve been a buyer in this market, you’ve probably noticed that there’s not a lot of inventory. There’s a lot of competition from buyers and we’re seeing investors come in with their cash. They’ve been kind of holding off, sitting on the fence for a couple of years but now they’re back. Even up into $500,000 and $600,000 price point we’re seeing a lot of investors come in. That kind of gives us an idea of what we’re going to see in the amounts of inventory from November, 2011, to November, 2012.

In November, 2011 there were 39 active listings in Dublin. Fast forward one year, November, 2012, there were 16 active listings. Less than half the number of active listings in November, 2012, than the year prior. The number of properties sold increased slightly over that year’s period of time. November of 2011 there were 33 properties that sold in Dublin. November, 2012, there were 35 properties that sold in Dublin. That’s up slightly, the number of sales for that month. The month’s supply of inventory, that generally represents the amount of time that it would take to get all of the properties that are currently listed into a pending state. The month’s supply of inventory is 1.1 for November, 2011. November, 2012, that has decreased to less than half of a month of inventory that’s on the market right now.

Median sales price has increased over the year in Dublin CA. In November of 2011 the median sales price was $515,000. In November of 2012 the median sales price was $555,000. That’s gone up quite a bit. Again, your Dublin CA short sale realtor attributes that to the number of buyers that are out there. A lot of competition, not a lot of inventory. The days on market is roughly the same. Thirty-two days is the average days on market for properties in Dublin. There’s some good information on what we’re seeing in November of 2012. I expect that we’re going to see pretty low inventory levels throughout the end of the year as well as the first and second quarter of 2013.

If you have any questions on Dublin real estate, anything that we can help you with whether it’s short sales, regular sales, bank owned properties, anything like that, contact your Dublin CA short sale realtor Scott Fuller on our website. You may also learn more about the short sale listing services we provide Dublin CA homeowners on our YouTube Channel Page!