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September 09 Numbers
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The YTD 2009 [first eight months] vs. corresponding 2008 figures for the North Shore.
North Van detached homes sold are now up by 11% from last year; attached (t/homes) are up by 27% and apartments up by 7% from ‘08. Detached average prices down 11% and inventory Aug 31st, down by 29%. Average prices down 6% (t/hse) and down by 12% (apts). Inventory (t/hse) 38% lower than ‘08 and (apt) down from ‘08 by 15%. Again, as at last report, all N/Van inventory is way lower than the preceding year. Demand is maintaining strength and the general level of sales continues to increase month by month.
In West Van, detached number of sales YTD is now up from ‘08, as of Aug 31st by 11% (the second consecutive month in about a year). Average price down 17% and inventory Aug 31st down 26% from ‘08. On the condo side – attached (t/hses) sold have dropped to 27 vs. 44 units last year; average price down 11%. Active listings are down from ‘08 by 8%. Apartments sold now reflect a 3% increase YTD vs. ’08 (109 vs. 105); with average price down 17% and active listings now down 27% from end of Aug ‘08.
Overall North Shore demand maintains its strengthening trend and all inventories continue to drop month over month. Note – if this demand continues, prices will edge up further.
Again, visit my website to see and “hear” the new developments. I 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.
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