To the score sheet again - Number of N/Van detached sales is up 1% (year over year) – note, July/06 down 21% vs July/05. Average prices +16% and inventory now up 8% over last year (still climbing). On the attached (t/hse) front, sales numbers down 13% while apt sales were down 17%. .
Average prices up 19% (t/hse) and up by 14% for apartments. While there is some leveling off, all prices clearly up over last year. Inventory (t/hse) up from ‘05, by 35% and (apt) up from ’05 by 41%. A temporary (?) lull in our otherwise strong 2006 pattern of demand W/Van detached no change in number of sales 05/06 YTD. Average price +24% YTD and inventory stands at 5% higher than 2005. On the condo side – attached (t/hses) sold are up 20% YTD over 2005; average price change up 4%. Active listings down 35% from last year (small sample – the only contrarian). Apts reflect 12% fewer sold vs. ‘05; with average prices up 44% and active listings now at 93 compared to 81 in ’05 (+14%). The North Shore maintains its sales pattern and its rising prices for ‘06. Month over month this year, though, the rate of increase is slowing.
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