Vancouver Neighborhood – Dunbar 30 Day Detached
Posted April 15th, 2009 in Dunbar, Neighbourhood SnapShot, Real Estate, Statistics | 
Dunbar 30 Days
Dunbar Detached real estate during the past 30 day period of March 16, 2009 to April 15,2009 experienced a slight increase in the number of active listings matching the historical spring rush. Of interest is that the average and median prices increased. Sales however, remained flat. Prices are still finding their level with 30 price reductions taking place in this period.
Sellers appear amenable to adjust their selling price as both median and average sale prices have dropped with substantial savings for buyers.
Numbers
FOR SALE
| FOR SALE |
This Month |
Last Month |
| Active Listings |
76 |
67 |
| Active Listing Price |
$1,785,052 |
$1,753,440 |
| Median Listing Price |
$1,679,500 |
$1,680,000 |
EXPIRED
| Expired Listings |
7 |
3 |
| Average Expired Price |
$1,723,285 |
$1,752,666 |
| Median Expired Price |
$1,723,285 |
$1,990,000 |
SOLD
| SOLD |
11 |
11 |
| Average Sold ASKING Price |
$1,357,627 |
$1,161,363 |
| Average Sold Price |
$1,287,272 |
$1,063,816 |
| Median Sold ASK Price |
$1,335,000 |
$939,000 |
| Median Sold Price |
$1,232,000 |
$908,000 |
HIGH/LOW
| Highest List Price |
$3,498,000 |
$3,498,000 |
| Lowest List Price |
$825,000 |
$825,000
|
 Lowest Sold Price In Dunbar – $810,000 |
 Highest Sold Price In Dunbar – $2,018,000 |
Outlook
Buyers are finding new confidence in lower interest rates being offered by the banks. While they are realizing interest savings they continue to seek sellers who are prepared to negotiate prices much lower than asking. Looking forward it is expected that this type of activity will continue.
