Now, the specific North Shore figures (N/Van first). It continues to be clear that 2007 is on an upward price trend. The YTD (year-to-date) figure comparison shows mixed levels of sales from last year (but generally a little higher).
Detached average prices +10% and inventory is down by 2%. Average prices up 12% (t/hse) and up by 15% (apartments). Inventory (t/hse) 6% lower than ’06 and (apt) up from ’06 by 13% (still a higher proportion of new construction). Inventory in North Van is the one place which seems to be shrinking and in two cases (thse/apt) lower than last year at this time. This will in all likelihood cause a gently continuing rise in prices to be maintained.
In West Vancouver, detached number of sales up 5%. Average price up 14% and inventory only 2% higher than ’06. On the condo side – attached (t/hses) sold are down 31% from 2006; average price change up 19% based on 37 sales YTD.
Active listings now up 29% over last year. Apartments reflect 3% fewer sales from ’06; with average price 6% lower (aberration owing to some inordinately large sales early last year) and active listings 6% lower. North Shore demand still healthy with inventory mixed and definitely not sufficient for a balanced market.
| 
