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August 2010 Numbers
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Now the July 2010 YTD figures for our North Shore. North Van detached homes sold are off by 3% from the same period of the previous year
attached (t/hses) down 12% from '09 and apartments even with '09. Detached average prices up 11% and inventory July 31st, up by 40%. Average prices up 10% (t/hses) and up 12% (apts). Inventory (t/hse) 66% higher than '09 and (apt) up 27% from '09. N/Van inventory at July 31st is still significantly higher than 2009 (but dropping month over month).
In West Van, detached number of sales is up by 16% from '09. Average price up by 21% and inventory July 31st up by 36% from '09. On the condo side – attached (t/hses) sold are up from 2009 to 50 vs 19 units; average price up 46%. Active listings down from July 31st (43 vs. 45). Apartments reflect 100 sold vs. 95 during '09 – a 5% increase; with average price 16% higher than '09 and active listings up 34% from July 31st 09.
I believe there is still a window for buyers who recognize this period as an opportunity for better “deals” than we will likely see later in the year. We will however continue enjoying our warm summer!
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.
To join the group getting the e-mail version of this “update” - send a request now to
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and you’ll be assured receipt; phone me at (604) 988-7368 or visit www.OnTopOfTheMarket.ca
Alan
Alan Skinner
OnTopOfTheMarket.ca
Re/Max Crest Realty
Vancouver - NorthShore
http://www.AlanSkinner.com
Local Phone: 604-988-7368
TollFree: 1-800-665-1455
Fax: 604-985-361
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