NORTH SHORE REAL ESTATE UPDATE

                                                                        JULY 2006

In West Vancouver, we had 44 detached home sales for the month of July.  This is a 27% decrease compared to the number of sales for July 2005.  However, for the first 7 months of the year we have sold 26 more homes than we did in the first 7 months of 2005.  The inventory of homes for sale in West Van has increased 5% from the same month last year.

The YTD average price for West Vancouver increased from $1,502,467 at the end of June to $1,506,898 at the end of July.

The median price for a West Vancouver house decreased from $1,273,000 in June 2006 to $1,115,000 in July 2006.

In North Vancouver, the number of sales decreased from 109 homes sold in July 2005 to 86 homes sold in July 2006.  This is a 21% decrease.  There have been 11 more sales in the first 7 months of 2006 than there were in the first 7 months of 2005.  The inventory of homes for sale in North Van has increased 8% compared to the same month last year. 

The average price (YTD) in North Vancouver increased slightly from $775,005 in June 2006 to $776,568 for July 2006.

The median price for a North Vancouver house increased from $719,000 in June 2006 to $749,000 in July 2006.

Sincerely,

John Jennings

604-790-1900

john@johnjennings.com

www.johnjennings.com