Detached average prices +16% and inventory now up by 112%. Average prices up 10% (t/hse) and up by 15% (apts). Inventory (t/hse) 106% higher than ‘07 and (apt) up from ‘07 by 125% - both of these continue to be affected by slower absorption of new construction. While there is still evident demand, this will lead to a tempering of sales prices – continuing of the plateauing.

 In West Van, detached number of sales has dropped by 19% from  ‘07.  Average price up 8% and inventory now up 73% over ‘07. On the condo side – attached (t/hses) sold are even with 2007 at 33; average price down 8% YTD. Active listings are now 29% over last year. Apartments reflect 85 sold vs. 110 by June ‘07; with average price up 14% from ‘07 and active listings up 8% from ‘07.  North Shore demand is still evident with inventory continuing to climb – more so in North Van.

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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