In West Vancouver, the sales to new listings ratio was 66% for the month of July compared to 26% in July 2008.  The 66% for July 2009 represents a ­­­­­­­­­­­­­­­sellers market.  Sales for July 2009 are up by 40 units compared to July 2008.  Also, the West Vancouver listing inventory has dropped by 164 units compared to last year for the same month.  The average price year to date (YTD) was down 20% compared to July 2008.  The West Vancouver YTD average price increased marginally from $1,462,593 to $1,482,950 between June 2009 and July 2009 (it was $1,471,181 at the end of January 2009 as a matter of interest). 

In North Vancouver, the ratio of sales to new listings was 75% for the month of July compared to 48% in July 2008.  The 75% for July 2009 represents a sellers market.  Sales for July 2009 are up by 40 units compared to July 2008.  In addition, the North Vancouver listing inventory has dropped by 158 units compared to last year for the same month.  The average price year to date is down 12% compared to July 2008.   

I hope you are having a great summer!

John