what I learned about the Dublin market this weekend at my open house: Had about 20-30 folks come through, most pre approved for around $600k to $650k which is like Livermores $500-$550 range. I spend as much time as I can talking and asking questions to as many buyers as I can even bouncing back and fourth if several come in at a time which is very common. There is no better hands on way to get real market feedback and a true market pulse than talking with real buyers out there shopping in the market place. Open houses are an invaluable tool. So are you ready for the number one reason Dublin prices are a wildfire beating Livermore when Livermore is so much nicer and has so much more to offer?? Heres the reason: The good ol term location, location, location. I asked all the buyers coming through if they realized what their $650k would get them in Livermore and at least 75% of them said nope, they did not want Livermore because of the extra commute and because Dublin has bart and Livermore doesn't!! Most buyers commute to the City and other areas using bart I was very surprised. And just like many people wont go to Tracy from Livermore because of the commute, same with Dublin to Livermore, its that extra 20 minutes no traffic and 30 minutes on traffic that is a deal breaker for many. So location location location still applies and goofy Dublin with no downtown and congestion trumps Livermore for housing prices and thats one of the reason why!
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