North Shore Monthiy Real Estate Update - January 2000

Well, the ‘99 score is in and the lights didn’t go out!

Ali segments (and dwelling type) experienced increased numbers cf sales (‘99 vs ‘98) - from 15% more in
both the North and West Van detached markets, to about a 1/3rd increase in all others except West Van town-
houses which recovered somewhat by doubling 1998’s dismal showing of 27 sales (1999-54). Average prices
were stable (year over year) for all of North Van while West Van lagged a little at 5% down (detached) and
2% down (apariments). Townhouses “doubling” trick brought with it a 5% average price gain (once again
remember that numbers are limited and 1998 was extremely soft in this segment).

Inventories remain down in all segments except for North Van apartments (up 6% over last year) and West
Van townhouses up to 70 from 46 in 1998.

Where will 2000 take us? This property watcher remains cautiously optimistic. North Van detached and town-
house prices will likely move up. Increased demand in North Van apartments has somewhat offset the
increased inventory, so prices should stabilize and start improving, but only in the medium to longer term.
West Van's prices will take a little longer to improve with the supply of tewnhouses for sale causing a littie
concern.

Y2K has proven to be a pussycat and not a dragon; overall there is a strong sense of optimism and a renew-
a! of positive feelings evident on many fronts. | wish all a participative role in this positivism and-a healthy
and fulfilling new beginning to our new century.

NOW $345,000 on Re See es NOW $216,000 |

2 “4d? 25; pace OA me oes 5 = ‘
“SPYGLASS HILL”
. Spacious townhome at the foot of Grouse Mountain. 4 bedroom, 4 bathroom set in CONVENIENT LOCATION GREAT PRICE
“ unique Andre Moinar complex. Handsworth & Montroyal catchment area. Vacant for

flexible possession. remodelled. Enclosed patio area. Priced for quick sale.
: 5702 OWL COURT, N. VAN

527 OLD LILLOOET ROAD, N.VAN

| NOW $169,000 |

LOVELY 1 BEDROOM BRIDGE, DOWNTOWN,

Desirable unit with 3 bedrooms up and single car garage with remote. Kitchen racentiy

WITH HUGE PATIO
In sought after “Kensington Court.” Perfect move-in
condition, pets allowed. Secured parking down.

#105-1535 CHESTERFIELD AVENUE,

Nee res Pore Fr are

PARK & HARBOUR VIEW
Superior 2 bedroom, top floor luxury apartment in the quality
Seascape complex. South facing with patio and extensive list of
upgrades not seen in other suites. Vaulted ceilings, gas fip &
crown mouldings are just a few of the numerous features. Call
Alan for your showing, 988-7368

#401- 131 WEST SRD ST. N. VAN

PRISTINE WATERFRONT
Over 100 ft. of Waterfront. Approximately 1/3 acre.
Now offered at $189,000, ;
Call Alan for details or visit the website.
Lot 12 - Indian River Drive

SB Sac S AMT ATS ommanec it

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