Overall, Feb was a more buoyant month than the prior year. Now with 2 months under our belts the YTD (year-to-date) figure comparison becomes a little more meaningful. Number of N/Van detached sales equal to ’06.. Average prices +10% and inventory 7% higher at Feb 28 this year, than last year. On the attached (t/hse and apt) front, sales numbers same as ’06 (t/hse) and up 25% (apt). Average prices up 14% (t/hse) and up by 13% for apartments. Inventory (t/hse) equal to ’06, and (apt) up from ’06 by 48%. This apt inventory includes 24 more brand new units than YTD in’06.
In W/Van, detached number of sales down 19%. Average price down 3% and inventory now at 5% higher than ’06. On the condo side – attached (t/hses) sold are down 27% over 2006; average price change up 58% based on a mere 8 sales YTD. Active listings down 38% from last year. Apartments reflect 21% more sales vs. ’06; with average price up 16% (23 units sold) and active listings 21% lower. The North Shore demand is healthy with inventory mixed and not nearly enough for a balanced market
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