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jest

' SALES figures for the
‘month of September
from the Greater
Vancouver Beal Estate
_ Board present a mixed
.. picture for North
Shore Real Estate.

On the bright side, sales
of West Vancouver cesale
detached homes were up
again, to a level 22% above
last September. As you can
sec from’ the accompanying,
pap, this continues the
thy recovery from the...
two jet ear Slide in this market
“> that bartomed out in January
- of this-year. =
On the supply side, the
numberof active listings in
this: market dropped to 435
units, the first time it has

the historical average |.

As a result,

news for detached homes was
not so upbeat as in West Van.
As you can see from the
accompanying graph,
September sales plunged 26%
from August, to'a level only °
about 7% above last :
September and 20% below
September 1996. This result
was unexpected because this
market seemed to have recov-
ered so strongly from last

year’s slump.

So what is happening here
— are we looking at a return
to Jast year’s dismal market?
This is highly unlikely in view

« of the.fact that demand for
“housing is up all around the

Vancouver ‘area and the eco-.
nomic outlook fer the region
reasonably good. More.

: likely, I think, this drop in
sales is caused by nwo factors.

ne is a'shortage. of supply.
the end of. September
there wer ‘Only 346 active
‘ags on the. market which
22% less that than there

prices were
onthly ad they -

Friday, October 15, 1999 — North Shore News — $5

reasi

Total Sales
West Vancouver Detached

“TOTAL SALES (SM)
g 8 8

N
Oo

10 565-06 Mar-97 Sep-7 MarO8 Sap-98 “Mar-99 "Sep-99

Total Saies _..
North Vancouver. Detached .-

| Ceerecesegevesesevscoesoonscenscosccocecone”

: NUMBER OF BEDROOMS: 3

Peers anweeesecensostoeey

AGE: New.”

ASKING PRICE: From $1, 090, O00

| OE OURO OO CORO HOCEeDEsOSEDENEHEOOURNETAECOD

‘ GPEN HOUSE: Saturday & Sunday 2-4

Sve eeececereeenennvencewcevencavecnrenseees

LISTING AGENT: Harvey Kardos, 328-3499

On emereceeneevosarorsesersacaacenonnesusees

_ SPECIAL FEATURES:

Sub zero, radiant fleor heating.

master
Fabulous. rooftep garde $s
and Patios. Located con

“just. steps

Seawall.

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J