Dunbar 30 Days in May

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Dunbar 30 Days

Dunbar Detached real estate during the past 30 day period of April 26 to May 26,2009 experienced a slight decrease in total listings from 94 down to 83. Median sold price decreased while the number of expires dropped from 7 to 3. Solds dropped from 29 to 22. Prices are still settling with 22 price reductions taking place during this period.

Numbers

FOR SALE

FOR SALE

This Month

Last Month

Total Listings

83

94

Total Listing Average Price

$1,778,325

$1,781,552

Total Listing Median Price

$1,700,000

$1,691,500

EXPIRED

Expired Listings

3

7

Average Expired Price

$1,676,000

$1,723,285

Median Expired Price

$1,780,000

$1,699,000

SOLD

SOLD

22

29

Average Sold ASKING Price

$1,477,363

$1,563,168

Average Sold Price

$1,423,136

$1,483,482

Median Sold ASK Price

$1,223,000

$1,575,000

Median Sold Price

$1,292,000

$1,480,000

HIGH/LOW

Highest List Price

$3,498,000

$3,498,000

Lowest List Price

$825,000

$825,000

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Lowest Sold Price In Dunbar – $795,000

dunbar-high-sold-5-26-2009-11-00-29-am

Highest Sold Price In Dunbar – $2,630,000

Outlook

In parts of the city first time buyers are stretching their wings in the current market. Dunbar had 7 fewer sales in the last 30 day period with the lower price levels in good condition being snapped up. As commented upon by many news outlets the interest rates are having a stabilizing effect. Street rumor has it that a great number of the properties that have sold experienced multiple offers. Looking forward it is anticipated that the market will continue in this fashion for the balance of the year.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

Frank Says:
May 26th, 2009 at 8:41 pm

Median sold price decreased not increased…didn’t it?

May 26th, 2009 at 10:28 pm

Frank,
Thanks for pointing that out.

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