Anybody that lives in Dunbar can tell you what a fantastic neighbourhood it is. Close to some of the best public and private schools the city has to offer, as well as parks large and small, great shopping and excellent restaurants.
They probably also know that it's one of the hottest housing markets in the country!
Last month (October 2013) There were 81 listings, and 30 sold. That's a sales ratio of 37.04%!!
Allow me to explain Sales Ratio% & Official Market Type
What is Sales Ratio Percent?
The percentage of which the current inventory of homes are selling.
Sales for the month divided by Active Listings equals % of homes selling.
Examples of Sales Ratio Calculations:
10% Sales Ratio = 1 in 10 homes selling
33% Sales Ratio = 1 in 3 homes selling
54% Sales Ratio = 1 in 2 homes selling
Official Market Types (Metro & Greater Vancouver)
Market Type Sales Ratio
Sellers Market 21% & Greater
Balanced Market 15 to 20%
Buyers Market 14% & Less
Right now (Thursday November 7,2013 11:23am PST) there are 87 active listings in Dunbar. That means that 33 homes will be sold this month! Will yours be one of them? Or will you be one of the lucky new Home Owners?