North Van detached homes sold down 15% from last year, attached (t/homes) down 7% and apartments down by 13% from ‘07. .Detached average prices +18% and inventory now up by 70%. Average prices up 12% (t/hse) and up by 16% (apts). Inventory (t/hse) 65% higher than ‘07 and (apt) up from ‘07 by 91% - both of these continue to be affected by slower absorption of new construction. While there is still evident demand, this should lead to a tempering of sales prices – plateauing

In West Van, detached number of sales has dropped by 12% from  ‘07.  Average price up 8% and inventory now up 69% over ‘07. On the condo side – attached (t/hses) sold are up by 10% from 2007; average price up 2% YTD. Active listings have now jumped 43% over last year. Apartments reflect 76 sold vs. 84 by May ‘07; with average price up 13% from ‘07 and active listings up 8% from ‘07.  North Shore demand is still evident with inventory continuing to climb – more so in North Van.

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.

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