Market Conditions in Dublin>Question Details

Daniel, Home Buyer in Foster City, CA

4 Bedroom prices in Dublin went down 3.8% in just one week!...Builders don't sell anymore, they have many quick move-ins...

Asked by Daniel, Foster City, CA Sat Sep 7, 2013

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Daniel,

I have looked at your other postings.

If you enter posts saying that Dublin prices are going down often enough and long enough you may someday be correct.

Even a broken clock is correct twice a day.
3 votes Thank Flag Link Sat Sep 7, 2013
Well said ...
Flag Fri Sep 13, 2013
Hi Daniel, Yes some builders has quick move ins since they raised price very quickly, now we have more inventory in the market also, comparing to 8 weeks ago. I have talked to a builder today They have ZERO inventory, still they have waiting list and they are releasing most probably next week a few homes. According to the manger builder may probably increase the price for this release also.
As you know a few weeks ago to get a home in Dublin buyers were paying 10K to 50 K above listing price. some sellers were looking offers with out appraisal contingency only. Now it is not like that, even if some one pays around listed price they can get a home. Still interest rates are low, if any one want to buy still there are lots of properties to choose.
1 vote Thank Flag Link Mon Sep 9, 2013
Market goes up market goes down when you look at things on a short term basis. Real estate transactions just like any other purchase are influenced by consumer confidence and market sentiment. We had experienced a surge in prices over the last twelve months and more importantly significant hike in mortgage interest rates since first of May; collectively causing market to stand back and pause for a bit. We have since witnessed a slight slowdown in the market activity and some price reduction on homes that were ridiculously overpriced to begin with. Having said that, real estate outlook is still very strong and all the right fundamentals suggest that the market will stay very active and demand high for some time. As the old saying “it is not about timing in real estate market, indeed it is about time in real estate”; you have to have a long-term prospective when acquiring real estate with the intention to hold for at least 5 years….perhaps the current/upcoming slump will present an opportunity for the ones on the fence to buy real estate in areas that show sound economic fundamental and do very well.
1 vote Thank Flag Link Sat Sep 7, 2013
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