Now to look at the "guilty" data of our own North Shore.
The YTD 2009 [eleven months] vs. corresponding 2008 figures. North Van detached homes sold are now up by 32% from last year; attached (t/homes) are up by 43% and apartments up by 33% from those sold in '08. Detached average prices down 6% and inventory November 30th, down by 47%. Average prices down 4% (t/hse) and down by 7% (apts). Inventory (t/hse) 53% lower than '08 and (apt) down from '08 by 28%. Again we see that all N/Van inventory is way lower than the preceding year. Demand is maintaining strength and the general level of sales still continues In West Van, detached number of sales YTD continues to be up from '08, as of Nov 30th by 45%. Average price down 12% and inventory Nov 30th down 28% from '08. On the condo side - attached (t/hses) sold stand at 48 vs. 49 units last year; average price down 7%. Active listings are up from '08 by 17% (10 new listings during Nov). Apartments sold now reflect a 20% increase YTD vs. '08 (155 vs. 129); with average price down 15% and active listings down 32% from end of Nov '08.
Overall the North Shore is seeing a continued drop in overall inventory which is not in lock step with the general case evident in Greater Vancouver where inventories are showing some increases. We'll doubtless see some slowdown in actual sales in December as is usually the case.
A joyous family and friendship-filled festive season to all. May it be a warm one with our families and friends close by or affectionately in mind - often the easier part - but don't forget providing warmth and cheer to strangers. Adeste Fidelis is stirring, but Good King Wenceslas is the greater message!
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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Alan
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