So, what of our North Shore? Number of N/Van detached sales unchanged year over year. Average prices +15% and inventory up 9% over last year. On the attached (t/hse) front, sales numbers down 9% while apt sales were down 12%. Average prices up 17% (t/hse) and up by 15% for apartments. “Leveling off” continues but all prices clearly up over last year. Inventory (t/hse) up from ‘05, by 8%, and (apt) up from ’05 by 19%.
In W/Van, detached also unchanged on number of sales 05/06 YTD. Average price +19% YTD and inventory now stands at 16% higher than 2005. On the condo side – attached (t/hses) sold are up 9% YTD over 2005; average price change up 3%. Active listings down 17% from last year. Apts reflect 13% fewer sold vs. ‘05; with average prices up 38% and active listings steady at 84 units. The North Shore maintains strong demand and inventory not yet high enough to enjoy a balanced market. Remember that OnTopOfTheMarket.ca is the place to visit for North Shore R/E information. This work in progress strives to be the “go to” site for North Shore Real Estate analysis. A jumping off point for FULL market listing information. Please use it and continue your valuable feedback. To join the group subscribing to 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 Questions regarding the market, decisions, contemplations, opinions of my musings, are welcomed via e-mail (or phone) – hey, pop-in and say “Hi” to me at an open house – I’d love to see you. Remember “re-nesters” – call me! Alan
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