2012 Dublin & San Ramon Real Estate In Review

Real Estate Agent with Tucker Associates Real Estate Services Broker, CalBRE 01165309

The Real Estate Market in Dublin and San Ramon certainly enjoyed an active 2012. The entire 680 Corridor Real Estate Market seemed to come alive at the end of the first quarter. Those of us on the front lines experienced the changes in advance of what would be more positive reporting on the state of the local housing markets as the year went on. The performance of Dublin and San Ramon will be the first two markets I focus on followed by: Danville, Blackhawk, Diablo, Alamo and Walnut Creek.

Single Family home sales in Dublin boasted an almost 17% gain in sales in 2012 as compared with 2011. The median home price actually fell a little over 2% but keep in mind that this is a city wide sample and certain neighborhoods may have actually performed better. The time it took to get a home into escrow fell to 26 days in 2012 from 37 days in 2011.

Dublin Condominiums & Townhomes saw the number of total sales decline in 2012. This segment of the market was the first to experience the shortage of inventory of homes for sale which would continue through the end of the year. Median prices rose a little more than 4% and the time it took to get into escrow dropped to 28 days from 46 days in the prior year.

Dublin Real Estate Report - Doug Anderson Executive Brokers

The performance of the San Ramon Real Estate market was only slightly different than Dublin in the fact that all arrows “pointed up”. Single Family homes experienced a 5% increase in unit sales and saw median prices rise a little less than 3%. San Ramon Condominiums & Townhomes had unit sales increase a little less than 9% and median prices rose over 16%. In both areas marketing times were dramatically lower than 2011.

San Ramon Real Estate Report - Doug Anderson Executive Brokers

We begin 2013 where 2012 left off. A lack of inventory of homes for sale in both Dublin & San Ramon, low interest rates and a steady stream of interested buyers should keep things “hopping” in the first quarter. If you are in the market to sell or buy in San Ramon or Dublin give me a call. I would be happy to review what the current market looks like in your neighborhood or area of interest.

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Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

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Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.


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© J. Douglas Anderson 2010-2013 All Rights Reserved

Comments (2)

Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Good morning Doug - I'm glad to hear how strong the market is in Dublin and San Ramon. What I found especially interesting in the Silicon Valley and the Peninsula is that 2012 was the year the condo/townhouse market rebounded, lagging the single family property market by a year. Our lack of inventory is extreme; our pool of ready, willing and able buyers large.

Jan 14, 2013 11:17 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Things remain very robust all up and down the 680 Corridor Lottie. Not quite as hot as your areas but not too far behind. Have a great day!

Jan 15, 2013 03:35 AM