Now, the North Shore figures (North Vancouver 1st).  Overall, March was again more buoyant than the prior year. The YTD (year-to-date) figure comparison shows comparable levels of sales as last year. Detached average prices +8% and inventory of “resale” homes down 18% from a year ago. On the attached (t/hse and apt) front, sales numbers same as ’06 (t/hse) and up 12% (apt). Average prices up 12% (t/hse) and up by 14% for apartments.

Inventory (t/hse) 12% lower than ’06, and (apt) up from ’06 by 33% (largely new construction). The lagging inventory in the 1st two categories combined with the evident demand will likely foreshadow a gently continuing rise in those prices.

In West Vancouver, detached number of sales down 14%.  Average price up 6% and inventory only 2% higher than ’06. On the condo side – attached (t/hses) sold are down 35% over 2006; average price change up 7% based on 13 sales YTD. Active listings roughly the same as last year. Apartments reflect 5% more sales vs. ’06; with average price up 4% (41 units sold) and active listings 38% lower.  The North Shore demand is healthy with inventory still not nearly enough for a balanced market.

Again, visit my website to see and “hear” the new developments. I continue my commitment to keep you….  www.OnTopOfTheMarket.ca  .This work in progress strives to be the “go to” site for North Shore Real Estate analysis and jumping off point for FULL market listing information.

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