Now for the 2011 year to date, 4 month results for our North Shore. North Van detached homes sold are up by 26% from the previous year, attached (t/hses) no change and apartments up 1% from 2010. Detached – of the 424 sold thus far this year, average price is 3% higher than this time ’10, and inventory Apr 30th ’11, down by 15% (but up from last month). Average prices up 1% (t/hses) and down 4% (apts). Inventory (t/hse) 21% higher than Apr 30th ’10 and (apt) up 6% from 2010. N/Van overall inventory at Apr 30th ’11 is now a little lower than 2010 and N/Van, 12% higher in total number of sales ’10 to ’11(873 vs. 780).
In West Van, detached number of sales for 2011 is up by 73% from last year. Average price up by 17% and inventory Apr 30th ’11down by 15% from last year. On the condo side – sales of attached (t/hses) are lower at 23 vs. 26 units; average price down 26%. Active listings down from Apr 30th ’10 (31 vs. 59). Apartments sold are up 48% over 2010; with average price 9% higher than ’10 and active listings down 29% from Apr 30th ’10. Overall markedly lower inventory and strong demand, especially at the upper end price-wise.
Yes, dramatic sales growth in W/Van with shrinking inventory and N/Van, higher sales with slightly reduced inventory.
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An infographic covering social media stats in 2010.
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North Vancouver Real Estate