Dublin OH Real Estate Market September, 2013
Dublin Ohio is just 13 miles North of Columbus and home to about 42,000 residents. In addition to dozens of neighborhoods and smaller communities, Dublin is known for its love of golf and often hosts the Memorial Tournament, one of PGA Tour’s most prominent stops. Named after its sister city in Ireland, Dublin offers one of the largest St. Patrick’s Day parades and Irish Festivals in Columbus and the US.
Currently there are 680 homes for sale in Dublin priced from $56,000-$2,299,000. Quite a range I know. The average listing price though is currently $422,000 which is up about 2% over last month. The median sales price is also up 5% over last year at this time or $13,000 topping out at $275,000. Of those homes for sale 195 are foreclosures bringing this number down quite dramatically over the last 2 to 3 years. We are seeing far fewer short sales and foreclosures on the market and much more owner/sellers.
This is great news for buyers and sellers surprisingly enough. Buyers are finding homes in better condition and prices that meet the market value on a regular basis. Sellers are finally seeing themselves in positive equity, gaining a profit from the close of their sale.
The more popular neighborhoods around Dublin still remain the Ballantrae with an average listing price of $476,000, the Muirfield Village, perfect for golfers topping out with an average listing price of $468,000 and the Waterford Village, which has seen the biggest increase over the last year of over 15% topping out at just $191,000.
The median sales price hit its low in 2010 at $195,000 and its peak in 2007 at $406,000. Over the course of the 
last nine months of 2013 we have seen the median sales price slowly inch up but literally over the last two months it has taken a dramatic increase of nearly $100,000.
Just about the only number that has gone down has been the number of listings. Just since the beginning of August, the amount of listings on the market have dropped by about 50.
So what does this all mean for buyers and sellers?
Because the interest rates are still under 5% and home prices are still not at their peak, buyers need to jump on the market now before we head into the winter. Prices are only set to increase and we’ve already seen the bottom of the market so by now before interest rates and prices go up any more.
Even though prices are increasing as a seller I wouldn’t wait too much longer because then your potential prospects also drop off the market. Buyers will be more reluctant to purchase a home once interest rates go over 5% and market values go up. Call me today to discuss buying or selling.
The ultimate summary - buy and sell now for the best price.
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