es Cae PIT ee ee Ta Ei ee es Hears Ep ee

TS - " UPPER LONSDALE GREAT LOCATION AND VALUE

WALK TO THE VILLAGE / MURDO FRASER . Pretty as a picture inside and out. Immaculate move-in condition. Updated, lots of

Well maintained & madem family home. Cross hall dining & impressive entry hall. Family skylights, 16 ft. ceilings in living room, two lovely decks with some ocean and city view,

. fom off kitchen. Cul-de-sac & Chiid-safe yard. Excellent security system & greathome | - adorable front porch. Three bedrooms and family/recreation room, 2 bathrooms, lower
office. Detached workshop out back with extra parking from back lane. level is suite-able. Don’t miss this one. ;

1468 LAING DRIVE, N.VAN.

$184,900 OPEN SUN 2-4 Fe

eee fo SPYGLASS
APPEALING FAMILY HOME GROUSEWOODS

" - 4/5 Bedroom in woodsy setting on cul-de-sac. Downstairs Approx 2800 sq.ft. of living space in quality complex. 15

“THE SIERRA” TOP FLOOR is ideal for nanny/income. Handsworth and Montroyal year old home with up to 5 bedrooms /4 bathrooms and a

2 bedrooms, south facing, bright, vaulted ceilings. Pets Schoot catchment area. Close to tennis courts, den. Attached 2 car garage. Watch wild birds in your own

- allowed. Quality Buron building. Don’t miss this one! playground and trails. Great home office down. private garden that backs onto greenbelt. .

#510 - 150 WEST 22ND, N. VAN 5643 PTARMIGAN PLACE,N. VAN 5700 OWL COURT, N. VAN

Alan is the host of "The Reai Estate Show” aired at 2 p.m. on Sundays on |
. CFUN-1410AN Listen in - Phone in with your questions. ad

| North Shore Monthly Real Estate Update - September 2000 .
THE MIXED MARKET ON OUR SIDE OF LIONS GATE

As | write this, suramer is concluding and the rain is teeming down. Are we downhearted? No! Should we be downhearted? No!
I’m sure we can all look back on a happy (or at least pleasant) season with hopefully some R and R thrown in, even though North
and West Van have had differing (read unpredictable) real estate report cards. North Van continues the 2000 trend of fewer sales
(year to date) in each segment, detached down 9%, attached down 27%, condo apartments down 28%. BUT, despite this, all —
average prices here are up from this time last year (6%, 2% and 1% respectively). The one concern in the short term however is
‘the higher inventory (detached up 14% and townhomes up 12%). Condo apartment inventory is the contrarian — down 14% and- »
likely reflecting a “if | don’t absolutely have to seli now, I’m holding off’ mentality. Your scribe was involved in the sale of possibly
-the lowest priced condo, a foreclosure on a one bedroom unit in lower Lonsdale. This had been on the market for some year-and-
a-half when the lender took control of the sale (purchased at $99,000 in 1998) and after being priced at $89,000, sold (with court .
approval) at $81,500. It is my belief that a buyer got an excellent deal — but this will happen when only one “gutsy” buyer writes an
offer. West Van is a different “kettle of fish” — all categories have increased numbers of sales and average prices (detached sales
up 25%, av. price 16%; attached 30% and 4%; apartments 12% and 20%). These are fairly significant statistics in the Greater
Vancouver area. To complete the picture — inventories of attached and apartment are down; (13% and 14% respectively) with
detached up 5%.

My response to the question at the outset, “No reason for any sort of pessimism” — the North Shore remains a highly desirable
location (on a majority of fronts — natural beauty, commuting, education, health services, crime statistics, skiing, hiking — should |
go on...?). | realize that the majority of my readership is locally based so | know | am “preaching to the converted” but, hey, you
know a little navel gazing never hurt anyone. To you other folk, our “first” bridge will soon be completed, so, to paraphrase Mae
West “please, come up and see us sometime!”.