Dunbar – 30 Day

Dunbar 30 Det 9-14-2009 1-44-31 PM

Dunbar 30 Days

Dunbar seems to be slowing down. It appears the summer’s heat melted home sales in Dunbar. This past 30 day period Aug 15 to Sept 14 2009 witnessed the number of homes sold drop by almost with only 13 sales compared to July 15 to Aug 14 period’s 22. That’s not 50% but, it’s close. There were 5 price reductions it was balanced by 5 price increases. Expired listings increase by one during this most recent period. Average list prices increased substantially from July/Aug’s $1,645,500 to Aug/Sept’s $1,895,376.

Bucking the overall market, Dunbar’s Active listings – ‘homes for sale’, stayed flat at 44 but the total number of listings registered, dropped from 69 to 61. Both Active Average and Median listing price remained constant.

Numbers

FOR SALE

FOR SALE

This Month

Last Month

Active Listings

44

44

Active Listings – Average Price

$1,728,318

$1,728,318

Active Listings – Median Price

$1,691,500

$1,691,500

EXPIRED

Expired Listings

4

3

Average Expired Price

$2,184,500

$1,548,000

Median Expired Price

$2,184,000

$1,798,000

SOLD

SOLD

13

22

Average Sold ASKING Price

$1,895,376

$1,548,000

Average Sold Price

$1,788,184

$1,629,422>

Median Sold ASK Price

$1,778,000

$1,387,500

Median Sold Price

$1,738,000

$1,479,500

HIGH/LOW

Highest List Price

$2,988,000

Lowest List Price

$949,000

Outlook

Concern in the general market is that the Active listings will continue to scale back. Odds anticipate this may be one element that will continue to drive prices higher due to limited inventory.

A more certain gamble is that you can expect it will snow this winter.

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.

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