The rate of price growth has however abated somewhat. The YTD (year-to-date) figure comparison shows mixed but reasonably comparable number of sales as last year. Detached average prices +9% (on 36 fewer sales) and inventory 2% lower than a year ago. On the attached (t/hse and apt) front, sales numbers down by 6 from ’06 (t/hse) and up by 33 (apt). Average prices up 10% (t/hse) and up by 12% for apartments. Inventory (t/hse) 40% higher than ’06, and (apt) up from ’06 by 18%.  

In West Vancouver, detached number of sales down 6%.  Average price up 14% and inventory now 19% higher than ’06. On the condo side – attached (t/hses) sold are down 36% from 2006; average price change up 7% based on 28 sales YTD. Active listings now up 66% over last year. Apartments reflect 2% fewer sales vs. ’06 and active listings 13% lower. An explanation of the “average price” change is necessary here. It shows as a 10% drop brought about by the anomaly of  8 new units being sold this year for a total of under $9.5MM and 11 new units in the corresponding period of ’06 for over $22MM. Note: “resale” apartments saw a 5% increase for this period. North Shore demand is healthy with inventory showing some (mixed) improvement. 

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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