from last year, attached (t/homes) down 43% and apartments down by 51% from ‘08. Detached average prices -25% and inventory Mar 31st, up by 48%. Average prices down 22% (t/hse) and down by 23% (apts). Inventory (t/hse) 41% higher than ‘08 and (apt) up from ‘08 by 14%. These higher inventories and evident lower demand continue to keep sales prices down.

In West Van, detached number of sales YTD has dropped, Mar 31st by 47% from ‘08. Average price down 24% and inventory Mar 31st up 24% over ‘08. On the condo side – attached (t/hses) sold has dropped to 1 vs 15 units last year; average price down 35% - the average price of the 15 sold last year was $1,049,060 vs the single $675,000 sale to date in ‘09. Active listings are up from ‘08 (37 vs. 33).

 Apartments sold reflect 45% drop YTD vs ‘08; with average price down 21%  and active listings up 77% from ‘08. Overall North Shore demand continues at a lower level with all inventories higher than this time last year. Activity (property showings and attendance at Open Houses) is however markedly up in the past month.

Thank you to the folk who have contacted me of  late with comments, suggestions and input on the Update.  This is truly appreciated. I estimate that we are up over double the communications occurring this time last year. A special thank you to Frank for his input and astute observations.

Again, visit my website to see and “hear” the new developments.  Continue my commitment to keep you... www.OnTopOfTheMarket.ca - 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