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Roll of drums North Shore 2005!!! |
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Written by Alan Skinner
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Wednesday, 04 January 2006 |
Now back to the real world and not just an estimation or approximation thereof
Now back to the real world and not just an estimation or approximation thereof. Here (roll of drums) is North Shore 2005!!! - full and final figures. Number of N/Van detached sales exceeds the same period last year by a mere 1%. Average prices +11% and inventory 14% lower than last year. On the attached (t/hse) front, sales numbers up 26% while apartment sales show increased growth of 6%. Average prices up 13% (t/hse) and 17% (apt). Inventories at -13% (t/hse) and -47% (apt). Demand (buyers) continued strong to the last with inventory still well below ’04 in all segments.
W/Van detached experienced a drop in number of sales (-4%); average price ends the year up +12% and inventory stands at 20% lower than 2004. The condo picture for 2005 was mixed – attached (t/hses) down 15% in number of sales; average prices up 38%. Active listings now 28 compared with last year’s at 40 units. Apartments reflected 224 sold vs. 184 in '04 (+21%); with average prices up 8% and active listings now at 90 vs. 43 (2004) reflecting the new building activity. North Shore scores gold yet again!
You'll notice, I've not launched into any real "whither 2006?", suffice it to say that I believe values in Dec 2006 will be higher than those at present. I promise more in the next and upcoming issues. For those getting the e-mail version of this I have attached an excellent article on mortgage rates. Other folk please feel free to e-mail me and I'll send it to you. It only remains for me to say a Happy and Successful New Year to all and may we strive to make 2006 an improved one for our families and those around us.
Yours, Alan.
Remember that OnTopOfTheMarket.ca is the place to visit for North Shore R/E information. This work in progress strives to be the “go to” site for North Shore Real Estate analysis. A jumping off point for FULL market listing information, it offers a “no obligation” estimate of value for your personal Real Estate. Please use it and continue your valuable feedback.
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