The YTD (year-to-date) figure comparison shows level to increasing number of sales from last year – detached roughly level and attached (townhomes) up 7% and apartments up 11%. Detached average prices +11% and inventory is now down by 5%. Average prices up 11% (t/hse) and up by 15% (apartments). Inventory (t/hse) 1% lower than ’06 and (apt) up from ’06 by 16%. 

In West Vancouver, detached number of sales up 5%.  Average price up 12% and inventory on a par with ’06. On the condo side – attached (t/hses) sold are down 24% from 2006; average price change up 28% based on 47 sales YTD. Active listings now up 33% over last year. Apartments reflect 1% increase in sales from ’06; with average price equal to last year and active listings now 4% higher.

 North Shore demand still healthy with inventory mixed and again not enough for a balanced market as the rhetoric of early 2007 would have had us believe. Interest rates are remaining steady with (some) rumours of possible decreases. We shall follow this with interest.
 
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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