ACCORDIN G to fig-
ures from the Greater
Vancouver Real Estate
Board, July was a bit of
a quiet month for
North Shore housing
activity.

As the accompanying graph
shows, total dollar sales for
West = Vancouver _ resale
detached homes took“a"drop
from the levels of the last few
months.

This is probably just a case
of the summer doldrums,
rather than a change in direc-
tion for this market. I would
“expect total monthly sales for
the coning months to stay
-within the $30 to $40 million
- band shown on the graph.

’ On the supply side, the
number of active listings for

level of 460 units as compared
to the three year average of
402.

So, while the stronger
demand that we have seen
since February has_ stabilized
prices, the high level of supply
will keep them from increas-
ing.

Ir is also worth noting that
the figures and analysis pre-
sented in my last pwo columns
suggest that there are really
two markets for West Var

from) Chelsea Park to rhe
ho Properties and

ilenmore is very salt with as
mach as 20 months s y
listings on the mar

other, which includes the rest

of West 4 Vani, is still a bir s

but has a much better bala

of demand and supply with
between 5 and 9 months

ply of homes on the market.

ments wok a big plunge in
july to fall 4% below the
depressed Jevel of last July.
While this was a sobering drop
we shouldn’t make too muc!
of one month’s figures — this
i inarket and the

figures tend to be
pretty erratic,

The supply of West Van
apartments is still very tight
with fess than 80 units on the
market. If this shortage of lise-

Friday, August 13 — North Shore News ~ 43

West Van resale: detached — detached homes. ings persists and demand

“homes was up again,,tor_the One, which encompasses

fifth” consecutive: month*fo a the area north of the highway
8 reel

See NV Hume page GB

Total Saies
West Vancouver Detached

Sales of West Van apart- “hh Ze

TOTALSALES (SM)

NEWS photo Julia verscn

Biooming summer ee

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