Dunbar Sales Rocket!

Sales in Dunbar are heating up! Year-to-date (YTD) sales are up 31% from 54 ('18) to 71('19). The 1st 3 months of 2019 saw 33 sales, more importantly, the last 2 months of April/May saw 38, anchored with 25 in May! 

Considering all property types we are seeing a stronger sales-to-list ratio of properties in Dunbar. Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. The glimpse of sunshine for Dunbar is that the YTD sales-to-list ratio as of the end of May is 12.9%. 

Homeowner Price Index (HPI) Summary

April '18 -  $ 2.981M
May '18 -  $ 2.931M  
June '18 - $ 2.850M

April '19 -  $2.568M (-16%)
May '19 -  $2.574M (-13.8%)
June '19 -  coming soon!

MLS® Home Price Index explained