' page 6, February 9, 1977 - North Shore News Woy USS @ it: The start of the annual spring house-selling and house-buying spree is only a month or so away. Whether you’re a vendor or a_ prospective purchaser on the North Shore, you'll probably be interested to learn that North Vancouver is now the place Where the action is -- while the West Vancouver real estate. market continues to be plagued by quite a number of buyer-seller problems. Not the least being that the average These and other thought provoking facts about acquir- ing or disposing of a single-family home between Deep Cove and Horseshoe Bay come from the latest survey carried out by the Multiple Listing Service, covering 12:Greater Vancou- ver areas. In the final quarter of 1976 North Vancouver, with 361 MLS sales, ‘came within a hairbreadth of top place on the MLS sales volume chart. It was edged only Vancouver East Side with 363 sales. At the same time the average North Vancouver price (now $67,606) increas- ed 1.5 per cent over the third. quarter of 1976 and 6.5 per. cent over the average a year earlier. - W.V. PRICES DOWN By contrast, West Vancou- ver was lagging with only 101 -MLS sales during the fourth quarter, despite a drop of 9.8 per cent in the average price of a West Van home - down to $97,793 from a first-quar- ter peak of $108,449. — Even compared to the prime residential areas south of the Inlet, the current West Van average of nearly $98,000 remains pretty breathtaking. oe It is, for example, 34 per cent higher than the average fourth-quarter home price in Vancouver West Side, which includes such lush neighbor- hoods as Upper and Lower Shaughnessy, _Kerrisdale, Dunbar, Point Grey and Southwest Marine Drive. The West Side figure worked out at a mere $72,730 -- a drop of 5.3 per cent from the second-quarter peak of $76,766. That’s the kind of price they’re asking for well-preserved two-and-a- half-bedroom ‘‘oldies’’ on the choicer 50 foot lots of Ambleside and Dundarave. West Vancouver, Vancou- ver West Side and North Vancouver -- in that order -- are the three-most expensive areas in which to. seek shelter, which makes the latest sales boom in North Vancouver ail the more remarkable. North Van real- _ tors must be on top of their form, or maybe it’s some- thing about the air. ~ WHERE TO RUN? If you’re a pricey North Shore property-owner. who has decided, in this buyers’ market, that the time has come to settle for the best offer you can get, take the money and run, where do you run. to? Here are the average fourth-quarter prices in the other nine Greater Vancou- ° ver areas surveyed by the MLS (with the year-end trend in brackets): South Delta: $65,017 (down 10.2 per cent from the 1976 peak); Richmond: $63,418 (peak price to date); South Burnaby: $60,512 (down 6.4 per.cent from the 1976 peak). Coquitlam/Port Moody: $55,764 (down 3.5 per cent .from the 1976 peak); Maple Ridge: $55,078 (peak to date); Vancouver East Side: $54,413 (peak to date). East Burnaby: $54,388 (down 4.5 per cent from the 1976 peak); North Burnaby: $51,908 (down 12.1 per cent from the 1976 peak); New Westminster: $50,224 (down 6.8 per cent from the 1976 peak). | NV handles biggest. -ever shipment The largest-ever single shipment of copper concen- trate from British Columbia was being loaded by the vessel World Achilles II at Vancouver Wharves in North Vancouver iast week. ” This record shipment is close to 38,000 tons. The concentrate is from various B.C. mines and is bound for markets around the world. The shipment contains an estimated 10,500 tons of metallic copper which will bring more than $10 million into B.C.’s economy from foreign markets. P.R. Matthew, managing director of the Mining Association of British Colum- bia, said copper concentrate is shipped almost every week in a typical year to overseas markets, generating an an- The sharpest price declin- es of all happened in North Burnaby and New Westmins- ter, because their drops of 12.1- and 6.8 per cent respectively from the 1976 peak price occurred between the third and fourth quarters. Where does all this leave Reasonably happy, I guess, in North Vancouver. Though prices there are edging up modestly, they’re still not too far out of line compared to such areas as South Delta and Richmond. With mortgage rates easing, buyers and sellers should tend to get closer to each other all the time on deals that satisfy both. 1 IN 50 FOR SALE Less happy for a time, I fear, on the other side of the Capilano, where the average ‘price tag remains $30,000 higher. The point. was underlined by a check of the | Sun’s real estate ads on the last weekend of 1976. It indicated that something like one West Van home in every 50 was up for sale. The wild seller’s market of 1973-75 -- when you inspect- ‘ed = availablé .West Van properties with your cheque book in your hand -- is not going to return for a long time, according to my real estate friends. Possibly never. But they assure me that houses ‘‘realistically’’ priced will always move. **Realistic’’? Maybe they mean getting the average West Van price down anoth- er 10 per cent -- to around $85,000 -- in which case quite a few Tiddleycove home-sel- lers stand to suffer. minor burns. It is, alas, the kind of thing that always happens when the stove gets too hot. DON'T LET ROAD CONDITIONS TURN YOUR WORLD UPSIDE DOWN SAFE DRIVING IS A FAMILY AFFAIR nual flow of dollars into B.C. ‘of close to $1 billion. This record shipment is a symbol of the export earn- ings created by the pro- vince’s natural resource in- dustries, he said. ‘The dollars earned filter through our whole economy, providing jobs in mining, transportation and secondary industries supplying mater- ials and equipment to the mining industries.”’ Looking fora Registered Retirement Savings Plan that really amounts to something? The RRSP at the North Shore Credit Union proves that shopping around pays. off big! . Register your plan before March ist at any branch of the North Shore Credit Union and receive the incredible current interest rate of 10% per annum. Your interest starts accumulating the very day you make your deposit! - . Take advantage of these outstanding features: No opening or loading fees, no administration or trustee fees, no withdrawal or unloading fees; withdrawal anytime; interest rate set and compounded twice yearly; the Provincial Credit Union Share and Deposit Guarantee Fund protects and guarantees your money; funds can be transferred from another RRSP or registered pension plan without losing their tax-protected status. And the money stays right in your community working for you. And remember - your RRSP contribution is tax deductible according to government regulations. _ w . Just drop by any branch of the North Shore Credit Union before March Ist. 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