Interest rates, now at historic lows, should be raised, says Philadelphia Fed president. He argues the central bank should push up interest rates in ‘the not-too-distant future.’
Market Update Dublin February 2011
Toll Brothers has a large inventory of completed or almost completed townhomes at Sorrento in Dublin Ranch. 28 are currently listed on the MLS ranging in price from $199,995 to $727,495. It is very unusual for a builder to have such a large inventory of unsold homes.
In the resale market13 homes sold and closed escrow in February, 77% were distressed properties- 8 short sales and 2 bank owned. There are 34 active listings, 65% are distressed properties- 18 short sales and 4 bank owned. Currently, 12 homes are pending, 67% are distressed properties- 5 short sales and 2 bank owned.
Market Update February 2011
Single Family Homes in Dublin built since 1998
12 homes sold in an average of 27 days on the market. 50% were distressed properties- 5 short sales and 1 bank owned. Currently there are 27 active listings 30% are distressed properties- 5 short sales and 3 bank owned. There are 44 pending sales 80% are distressed properties- 32 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 inventory in Dublin Ranch is unusually low for the early spring season. There are lots of buyers looking for homes right now.
5859 Penwood Ln. Offered at $865,000
5 Bedroom/4 Bathroom/3,777 Square Ft.
Beautiful home in Dublin Ranch backs to open space. Upgrades include gourmet kitchen with stainless steel appliances, granite slab countertops, large island and huge pantry. Bright and open floorplan with a separate study and bonus room. Incredible yard with built in fountain.
Please visit DublinRanch.com for more pictures and information on this listing!
Open Saturday and Sunday March 12th and 13th 1-4pm!