Meeting Notes - January 13, 2017
Posted by Mark Brubaker on Jan 13, 2017
- Dwight Seeley - Blarney Bash Committee is looking for more sponsors because we need more sponsorship $$. Continue to identify potential sponsors knowing that a variety of sponsorship levels are still available. Contact Dwight or other committee members when you can make a warm transfer to a potential sponsor.
- Claudia Trusty - The Communications Committee is actively seeking new members. Current need exists for meeting reporters and photographers (a smart phone camera is all that is necessary).
- Sara Ott - The Dublin Food Pantry is looking for Monday evening volunteers. If you are interested, please contact Sara.
- Rita Hook - La VIA in Moldova sent Dublin AM a Christmas card expressing thanks for our support. Page Vornbrook publicly recognized Rita for all of the work that she does with La VIA.
- Sinan Yaykin - 26 golfers have already signed up for the Polar Bear Open. Plenty of room for more golfers to participate and sponsors to contribute. This is always a great day regardless of the weather and it is a significant club fundraiser.
- Bonnie Coley-Malir - There is still room to participate in the Progressive Dinner Party on January 28. This event is a favorite among many Rotarians and all are welcome. Please contact Cindy Groeniger if you'd like to join the dinner party or potentially be a host home.
- Susan West (Page Vornbrock)
- Jeremy Brooks (Sarah Richardson)
So what is happening in the Dublin real estate market? What about the mortgage market?
"Guest" speakers: Page Vornbrock, Daryl Schorstein, Jack Curtis, and Dave McKee
- In 2016, 437 homes totaling $2B were sold in 43017
- $416K = average list price
- $405.8K - average sales price
- 59 days - average time on the market
- In the resale market, currently 208 active listings with 114 in contract
- $310K = average sales price
- updated home sell more quickly
- Dublin school district makes our community exceptionally desirable
- homes < $300K are in great demand as parents bring families to a very desirable school district
- 30 year fixed rates ~ 4.25
- 15 year fixed rates ~ 3.50
- financial regulations do create significant administrative requirements that often impact and disrupt closing timelines
- 65% of Bridge Park apartments and retail space are currently contracted
- Dublin is overbuilt with homes > $700K as residents seek to downsize and move to walkable communities
- Over the holidays, 359 new Dublin school students came into the district; for perspective, a typical elementary school supports 500 students
- District is evaluating innovative options as an alternative to a fourth, traditional high school