Now to our North Shore 2011 and the 8 month picture. North Van detached homes sold are up by 32% from the previous year, attached (t/hses) sold – down incrementally and apartments now 4% up from 2010. Detached – average price is 7% higher than this time ’10 and inventory Aug 31st, 2011 down by 20%. Average prices up 3% (t/hses) and down 2% (apts). Inventory (t/hse) 2% higher than Aug 31st, 2010 and (apt) up 3% from 2010. N/Van overall inventory at Aug 31st, 2011 is rising, but still lower (-7%) than 2010 and again N/Van, 16% higher in total number of sales ’10 to ’11 (1534 vs. 1774).
In West Van, detached number of sales for 2011 is up by 86% from last year. Average price up by 18% and inventory Aug 31st, 2011 down by 15% from last year. On the condo side – sales of attached (t/hses) are lower at 45 vs. 54 units; average price down 20%. Active listings down from Aug 31st, 2010 (25 vs. 44). Apartments sold are up 45% over 2010; with average price 18% higher than ’10 and active listings down 24% from Aug 31st, 2010. Overall markedly lower inventory and strong demand remains, at the upper end price-wise.
Again, visit my website to see and “hear” the new developments. I continue my commitment to keep you… www.OnTopOfTheMarket.ca – the “go to” site for North Shore Real Estate analysis and jumping-off point for FULL market listing information.
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