I'm not too surprised. I have an MY06 Lib GT ( a rare manual) and if I were selling it privately, would expect 22-25k for it and about 18K from a dealer.. The Sti model was overpriced to begin with (go down to Sti Docklands, they still have 07 ones for sale!).
As with all trade ins, it depends on condition, history, milage, demand and what the dealer believes they can get away with. Also remember that the all new Liberty will be here in August, further denting resale.
If you have the time, sell it privately.
The red book is at best a guide. It does not take into consideration economic rationalism!
Good luck
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