Now, our year in review (vs. 2005).  Number of N/Van detached sales was 6% lower. Average prices +14% and inventory same as last year. On the attached (t/hse) front, sales numbers down 10% while apt sales were down 14%. 

 Average prices up 16% (t/hse) and up by 15% for apartments. “Leveling off” but all prices markedly up over ‘05. Inventory (t/hse) unchanged from ‘05, and (apt) up from ’05 by 47% (unsold newer product).

In W/Van, detached number of sales down 1%.  Average price +21% and inventory now at 10% higher than ‘05. On the condo side – attached (t/hses) sold are up 2% over 2005; average price change down 3%.

 Active listings down 39% from last year. Apartments reflect 14% fewer sold vs. ‘05; with average prices up 40% and active listings 30% lower at 63 units.  The North Shore continues to show healthy “gentler” demand and inventory certainly not at all high enough to approximate a balanced market.

I know some find numbers/stats dull but for those of you who don’t, visit my website for what I feel is a revealing analysis based on listings and price changes from both July1 and Sept 1/06 to date. Would “annualized” drops from 12% to gains of  8% surprise you? Read my  “Leveling?” artical.

It only remains for me to reiterate my New Years’ wish for success and happiness to you and yours. 2007 will be as great as we make it!

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.