Average prices up 8% (t/hse) and up by 12% (apts). Inventory (t/hse) 110% higher than ‘07 and (apt) up from ‘07 by 107% - both of these continue to be affected by slower absorption of new construction. While there is still demand, continuing high inventory will maintain a tempering of sales prices – continuing of the plateauing.

In West Van, detached number of sales has dropped by 25% from  ‘07.  Average price up 7% and inventory now up 85% over ‘07. On the condo side – attached (t/hses) sold are marginally up over 2007  5%; average price down 10% YTD. Active listings are now 57% over last year (55 vs 35). Apartments reflect 96 sold vs. 128 by July ‘07; with average price up 12% from ‘07 and active listings up 47% from ‘07.  Overall North Shore demand still evident with inventory remaining higher.

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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