15 homes sold and closed escrow in January, 87% were distressed properties- 11 short sales and 2 bank owned. There are 38 active listings, 79% are distressed properties- 24 short sales and 6 bank owned. Currently, 12 homes are pending, 75% are distressed properties- 5 short sales and 4 bank owned.
15 homes sold in an average of 41 days on the market. 53% were distressed properties-6 short sales and 2 bank owned. Currently there are 19 active listings 42% are distressed properties- 6 short sales and 2 bank owned. There are 42 pending sales 69% are distressed properties- 26 short sales and 3 bank owned. Keep in mind that short sales take months to close so the percentage of distressed homes will be higher.
The City of Dublin’s Library offers help with homework for grades 3 through 8. This service is available Monday, Tuesday, Wednesday, and Thursday from 3:30 to 5:30 and is absolutely free. This program is run by volunteer students from Dublin High. Help with Homework will not be available on holidays when the library is closed. The library is located at 200 Civic Plaza in Dublin. Please call the Dublin Library for more info: 925-828-1315.
Please visit DublinRanch.com for the most recent list of sold homes in Dublin Ranch.
Misinformation has been circulating again on the Internet and in e-mails recently that the healthcare reform bill passed last year includes a sales tax on real estate. This information is incorrect, and C.A.R. would like to clarify the information. The new law imposes a 3.8 percent tax for households in the top tax brackets on “unearned income.” This includes capital gains. However, this will not impact the exclusion on capital gains earned from the sale of a primary residence up to $250,000 for individuals and up to $500,000 for married couples. The 3.8 percent tax will only apply to capital gains above the normal exclusion.
The Dublin real estate market is moving. We received five offers on our listing on Fawn Way in the first week it was on the market. It is unusual to have so much activity in January. The interest rate has moved up from it historic low and is now hovering around 5%. Buyers are in a hurry to take advantage of the low rates.