June Sales Remain Strong!

Second highest unit sales on record

According to MLS Data, June residential sales of 3,951 units represent the second highest unit sales volume in the Board's history.
 
Following is a summary of Real Estate Board statistics for the North Shore and Sea To Sky corridor.

The West Vancouver market remains very strong and prices continue to rise.  In North Vancouver the market place is also very active.  Note the MLS stats may be skewed somewhat with the launch of the Ventana building in Lower Lonsdale.  This will have added 94 units to the inventory. Ventana, an Intracorp offering, essentially sold out in the first priority registrant week end.

Squamish is holding its own with a lot of promotional advertising campaign in the Vancouver Sun. The MLS stats may again be somewhat skewed as Squamish stats are influenced by the introduction of a lot of brand new product which doesn't always appear on MLS even though these new projects are working with Realtors.  Prices on resales are in a holding pattern.

At Furry Creek, ParkLane Homes successfully launched their first offering of detached homes in Eagle's Nest in June. This is just the beginning of a huge project with 600 new homes to be built over the next 10 years.  On completion, Furry Creek will be roughly twice the size of Lions Bay.

West Vancouver YTD 2006

Detached 424 units YTD up 11%  Prices up 30% to $1,264,000

Attached 50 units YTD up 28%  Prices up 12% to $812,000

Apartments 24 units YTD down 15%  Prices up 22% to $599,500

West Van detached pricing is up 30% when compared to last year’s YTD figures and up 4% compared to May 2006

North Vancouver YTD

Detached 695 units - YTD up 5%  Prices up 14% to $725,620

Attached 228 units - YTD down 11% Prices are up 18% to $485,500

Apartments 553 units - YTD down 3%  Prices are up 14% to $295,500

Squamish YTD

Detached 145 units YTD up 22%  Prices are flat compared with last year at $373,500.

Attached 91 units YTD up 30%  Prices are up 5% to $282,000

Apartments 41 units YTD up 71%  Prices are up 33% to $2!8,000 

Inventory levels are slowly building in all areas.  

If you or someone you know is thinking of buying or selling real estate on the North Shore and Sea To Sky corridor to Furry Creek, please have them call us!

Anita Schmitt, Realtor - Royal LePage Northshore Tom Davis, Realtor - Royal LePage Northshore

This communication is not intended to cause or induce breach of an existing agency agreement.