The YTD (year-to-date) figure comparison shows mixed but slightly lower levels of sales from last year. Detached average prices +10% (4% fewer sales) and inventory is down by 11%. Average prices up 12% (t/hse) and up by 14% (apartments). Inventory (t/hse) 22% higher than ’06 and (apt) up from ’06 by 19% (largely new construction). The lagging inventory in the 1st category combined with the evident demand will likely foreshadow a gently continuing rise in detached prices while condos generally seem to be level.

In West Vancouver, detached number of sales down 3%.  Average price up 14% and inventory now 19% higher than ’06. On the condo side – attached (t/hses) sold are down 34% from 2006; average price change up 18% based on 33 sales YTD. Active listings now up 60% over last year. Apartments reflect identical level sales as ’06; with average price 7% lower (aberration owing to some inordinately large sales early last year) and active listings 8% lower.

 The North Shore demand is healthy with inventory steadily increasing but not yet 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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