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Friday, August 6, 1999 — North Shore News - 47

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ly and demand

determine tactics

LAST week we had a

look at demand and sup-
ply conditions for differ-
ent price ranges of hous-
ing on the North Shore.

This week we are going to
look at submarkets based on
North Shore neighbourhoods.
For this study, cach of West
Van and North Van have been
divided intro seven areas. Again,
demand will be measured by
the average number of honres
sold each month this year and
supply by the number of active
listings, as of the 27th af July.

‘The accompanying table
shows the results of our
research for West Vaacouver,

For Fagle Harbour and
points wesr, the table shows

that there were 83 active list-
ings of detached homes and
that an average of 9.7 homes
sell per month in this area. By
dividing the active lisdngs by
the average monthly sales we

get a figure of 8.5 which repre-

sents the number of months
supply on the market.
Looking down the figures

we can see that the area from
Chelsea Park to Charowell
(which also includes Panorama
Village, Westhill and
Canterbury) has by far the
softest market with over 21
months supply of homes on
the market. So if you are sell-
ing in th rket you have a
fot of competition and you will
probably have to be pretty
flexible with your price. The
market in British Properties
and Glenmare is also soft with
almost 13 months supply of
active listings. The best market
for sellers is Ambleside where
there is only five months sup-
ply of homs.

Looking at West Vancouver

See Market page 7

Anartments
Active Mithiy Months

Listings _Sales__— Supply
0.0 0.0

09... 47
14 6.1
AT 64
5.0 74

Detached Homes
Mthly = Months
Sales Suppl

West Vancouver

Sub-area

£agle Harbour and points west
Cautfeild to Altamont

Chelsea Park to Chartwell
Nundarave and Queens
Ambleside

Sentinel Hill/Cecardale/Park Royal
British Properties and Glenmore
Totes

Active
Listings

North Vancouver Detached Homes
Active

Sub-area Listings
Norgate/Pemberton/PHis/Ham 24
Capilano to Grouse Weods

Del/U DeVU !.onsd“orest Hills

Central North Van

Braemar/Tempe/Princess Pk

Lynn Vatley/Lyamour

” Apartments
Mthly Months | Acuve  Mthiy Months
Sales Supply [Listings Sales Supply

6.9 3.5 21 29105
14.4 44 14 09
16.1 3.5 —* 0.9 100,
15.9 3.2 14.7 42
5.7 OP Oe 200

3.4 26

Ci eee

28.2 4.8

AS part of its efforts for the 1999 Communities in Bloom competition, the City of
North Yancouver held a birdhouse buiiding competition. Susan and Trevor
Carmichael, pictured here with the city’s parks avd environment manager [ill
Granger, took home tcp prize for their birdhouses nade of recycled materieals.

Feature Listing|
3376 Radcliffe Ave.

ADORESS: 3376 Radcliffe Ave.

Pee eee eee ts mmesreeresisanncvossenescreses

Captures Your Heart”

Walk through the front door and the view is breathtaking. A
private sandy beach with level water access at your feet.
One of very few properties ever availeble (50’ of
waterfrontage} within walking distance of Dundarave
shops, restaurants, etc. Scorn to bs 9 paeng =n
released in the pages of the
international magazine “Leading

esiatss af the warld”. Located on a

quiet country-like lane Radcliffe

Avenue has long been
acknowledged for. its charm &
tranquility. Casual elegance ;
throughout this 13 year old 3200 sq.

WcGrath

ASKING PRICE: $2,490,000

OPEN HOUSE: By appointment only

LISTING AGENT: Kim Hambling, 921-1188

SPECIAL FEATURES: Waterfrom. City and
* Harbour views.

ft. residence. Every. room
encompasses city & harbour views.
Heme and grounds immacuisteiy

maintained.: Viewing by private.

‘Kim Harnblings
+ 7) (tke Angad Grexy)