NORTH Vancouver was listed as one of the bright spots in the Lower Mainland's real estate market for the month of December by the Real Estate Board of Greater Vancouver. According to the board’s MES Housing Price Indes, hed and apartnent. sales arth Vancouver picked up by 28% in| December 1998 compared to December 1997, And, said REBGV president Cal Vindbe the market throughout Greater Vancouver fared better in 1998 than it seemed to. “The current: marker has been comparcd to the “U4 to “87 markets. an catracrdit i w?BLC. and reabescure in ancouver. TPyou took at the longer term picture, the market has done remarkably well.” Housing prices have not dropped as much as some pre- dicted, “In 1998, average detached home prices came dowa about sund the same levels as said Lindberg, Miles, tor detached houses were down 3" with FES units ber L9YS, com pared to 739 units sold in the same month — laste year. According to the index a benchmark or ivpical price of a detached home in Greater Vaneouser is S342.270. In the attached or town hese ea yosdles were down 9, with 202 units sold in December L998, Compared to 226 untts sold in December 197. The benchmark price of a townhouse held steady at HAP. Apartment sales were down by 20%, with 475 units sold in December 1998, Compared ta 590 units sold in the same munth last vear, The bench: mark price tor an aparipient in Grea Vancou i Vancouver detached, attached and apartments in’ December ! Misunderstanding has a price From page 35 if vou seld your prop- condly, when vou get your property tax assessment your proper: y's stated value with similar properties in your area. The chances are that your proper- ty may be over-valued for axation purposes thus caus- ing you to pay higher proper- ty tax amount than you need to. If, in comparin: ment values, you teel that BARGAIN PRICED Spacious 3 5drm 3 bath T/H, only 8 years old, 2 blocks to Capilano Mall. South facing garden patio, newly decorated, 5 appliances, gas fire- place, radiant heating, new root & exterior paint. Call Strata now for complete details! vour property has been over- valued vou have the right to appeal that valuation by filing an appeal with the Courts of Revision that are set up in your area each year. In order to fau a vou must do so in writing and deli such notice to the assessor n January 31. property ssment, made on uly 1, 1998 was too high, you have just 3 weeks to faunch an appeal. As tor those property owners that J mental Strato Malamas the start of this article that did not sell as they insisted in holding out to obtain the assessed “actual value” of their property iven the slow market we are in — they may end up losing a considerable amount of money. Such is the price of mis- understanding. o- Michael Dowty is a West Vancouver resident and vice president, Special Projects of Century 21 Prudential Estates Lui. in Richmond. You can reach him at 2 ohtiar cis Re/Max Crest Realty 985-1321 EVERYTHING YOU WANT Great 3 (evel floor plan, 3206 59.41. 6 ved- tooms. 4 bathrooms, huge kitchen/eating areafamily room combination. Format living & dining rms w/ F/P, wet dar & large stider to south facing deck, self- contained 2 bedrooms guest suite, dou- ble garage & over sized 85x120 fot. Priced below assessed value. Reduced to $416,500! Don’t miss this one! Located on the crest, featuring a lovely southern exposure. This freshly painted 4 bdrm, 2 bathroom home offers spa- cious living areas and a large sunny deck to enjoy the view. The above ground basement could easily help with the 349 W. 28TH mortgage. YOUR DREAM HOME! OWNER SAYS SELL! 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