Average prices up 12% (t/hse) and up by 18% (apts). Inventory (t/hse) 92% higher than ‘07 and (apt) up from ‘07 by 50% - both of these largely affected by slower absorption of new construction. While demand is still evident, this may well lead to a tempering of sales prices – plateauing. 

In West Van, detached number of sales equal to ‘07.  Average price up 17% and inventory now up 51% over ‘07. On the condo side – attached (t/hses) sold are down by 15% from 2007; average price up 6% based on 15 sales YTD. Active listings now up 13% over last year. Apartments reflect 42 sold vs 41 by Mar ‘07; with average price up (12%) from ‘07 and active listings at 74, up 15% over ‘07.  North Shore demand is still healthy with inventory overall continuing to climb.

An oft repeated plea – look at the context of statistics quoted and be wary of sensationalist words such as “tumbled” and “crashed”, even from people you believe should know better.

Again, visit my website to see and “hear” the new developments.  I continue my commitment to keep you…. www.OnTopOfTheMarket.ca . This work in progress strives to be the “go to” site for North Shore Real Estate analysis and jumping off point for FULL market listing information.

To join the group getting the e-mail version of this “update” - send a request now to This email address is being protected from spam bots, you need Javascript enabled to view it and you’ll be assured receipt; phone me at (604) 988-7368 or visit www.OnTopOfTheMarket.ca