In the next 5 years, we will probably see all of Dublin appreciate by a small percentage, maybe 2-3% in whole. The area that will see the quickest appreciation will most likely be the older West side where home values took a big hit. These are all single family homes 3-4 bedroom ranging from 1100-2500 sqft. The reason being is with interest rates so low, and values averaging 350,000-500,000 these make the best opportunity for First Time Home Buyers, and remember to be classified as a First Time Home Buyer, you cannot have owned a home as a Principal residence in the last 3 years. So during this time we will start seeing people who had to do Short Sales re-entering the market, as well true First Time Home Buyers and these will ideally be great starter homes once again.
As for the East side of Dublin, we'll see activity pick back up as, newer development is saught after by move up buyers, and buyers who are qualified for a higher price point, and yes some will even be First Time Home Buyers. So for someone looking for a home with 2500+sqft this is an ideal community with great offerings. Also with continued development occurring on the East side, there will be more inventory.
Ramon Concepcion, Prudential California Realty