Now to consider the actual results in our North Shore. North Van first: continuing evidence that 2007 is year over year maintaining the uncanny 11% plus price trend. The YTD (year-to-date) figure comparison shows level to increasing number of sales from last year – detached down marginally and attached (townhomes) up 3% and apartments up 10%. Detached average prices +11% and inventory is now down by 28%. Average prices up 11% (t/hse) and up by 14% (apartments). Inventory (t/hse) 7% lower than '06 and (apt) down from ’06 by 13%. Overall inventory is lower in all categories.
In West Vancouver, detached number of sales up 1%. Average price up 13% and inventory down 7% over ’06. On the condo side – attached (t/hses) sold are down 24% from 2006; average price change up 28% based on 52 sales YTD. Active listings now up 24% over last year – or based on the average number selling each month this year, almost a 5 month supply of townhomes. Apartments reflect 3% increase in sales from ’06; with average price staying almost equal to last year and active listings now up 4% over ‘06. North Shore demand is still healthy with inventory lagging a little (except W/Van condos). Thanks to all those requesting the checklists referred to in last month’s Update. 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. To join the group getting the e-mail version of this “update” - send a request now to
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and you’ll be assured receipt; phone me at (604) 988-7368 or visit www.OnTopOfTheMarket.ca . Feel free to forward to a friend!
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