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NORTH SHORE MONTHLY REAL ESTATE UPDATE - APRIL 20

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Recovery Underway - With Caution

1 i want to kick off with a quote from Mr. Bill Phillips, the newly elected President of the Rea! Estate Board of Greater Vancouver. | sit,

with him, as a director of that Board, and know him to be analytical and conservative.

“ Inventory of active listings has dropped by 8% which has put upward pressure on prices.
purchasing a home are now beginning to buy. We continue to see property sales in certain

...consumers who were thinking of
communities lead the recovery.”

This, | believe, is true of our local North Shore market with the minor caveat that cur inventories of active listings are almost all up _ .
(except for N/Van condominiums - predominantly apartments which are down 21% reflecting some frustration among current owners

who are opting out of selling in this markedly softer market segment.)

Looking at specifics. North Van detached nas seen an increase in the average price by 11%

year to date from last year with 11%

| fewer homes having sold so far this year. The inventory is up 10%, but demand (“active lookers”) certainly appears to be strong. Both.
townhomes and apartments also show increased average prices but numbers of sales of both are down {townhouses markedly so at : -

43% less than at this time in 1999.)

n by the Vancouver Sun, show an average price improvement from $643K'to

4 sales have occurred in 2000 vs. only 122 in 1999. The additional 52g

ns here. of. strong demand (
-9 sales last year.

and demand for more of the higher priced
Beware average price conclusions in the ~

p to $601K vs. $318K ('99); 2. ood part of the reason being three

dos are*sold approaching the $1 million in April.

;with any questions on local real estate; whether buying, selling fe)

oi oe :
SELLER MCTIVATED.
BRING ALL OFFERS! /
Desirable townhome with 3 bedrooms up and single car
garage . with. remote. Kitchen:. fully renovated/new
appliances. Enclosed patio area. Quick sale desired.

ae ! .
. 827 OLD LILLOOET.ROAL, N.VAN
wg $10:

oa ae ees TENG hy
i OP SCHOOL CATCHMENT
{SUPERB CANYON HEIGHTS LOCAT

~: Attractive 3° bed/3 bath home for young f ly ar exec.
couple. Sunny rear yard. Neat as a pin, in perfect move’
in condition. ~

4121 CLEMENTS AVENUE

Sec

“SPYGLASS HILL”

|. Spacious townhome at the foot of Grouse Mountain. 4

- bedroom, 4 bathroom set in unique Andre Moinar

E. complex. Handsworth & Montroyal catchment area.
,. Vacant for flexible possession.

5702 OWL COURT, N. VAN

TOP FLOOR WITH SKYLIGHTS

Nicely renovated 1 bedroom with large balcony. Well
managed building in prime Central Lonsdale location.

Lo

’s homep

Part of the Ozzie Jurock International Network « Visit-Al

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st looking at future options:

NEAT, SMALLER FAMILY.
Excellent starter, Two level compact character home. -3”
bedrooms up. Move in condition. Close to ; Cleveland

field/Grouse Mountain. Minutes to Handsworth, Cleveland and
Montroyal Schools." ¢ . - oo

4990 CAPILANO ROAD

PRISTINE WATERFRONT

Qver 100 ft of “wateffront. Approximately 1/3°acre. Lot 12 -
indian River Drive, North Van. ~

LOT 12 INDIAN RIVER DRIVE, N.VAN

eae, 23 TH