Dunbar 30 Days in May
Posted May 26th, 2009 in Dunbar, Neighbourhood SnapShot | 
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
|
|
Lowest Sold Price In Dunbar – $795,000 |
 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.
Median sold price decreased not increased…didn’t it?
Frank,
Thanks for pointing that out.