Dunbar – 30 Day
Posted September 14th, 2009 in Dunbar, Neighbourhood SnapShot | 
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.
