THE NUMBER of single
family homes sold through
the Multiple Listing Service
in the third quarter this year
increased substantially over
the same quarter in 1984,

The Real Estate Board of
Greater Vancouver reports
3,508 single family home
sales from July 1 through
September 30, a 60.5 per
cent increase over the 2,123
sales which occurred in the
same quarter last year and
129 sales higher than the se-
cond quarter’s 3,379 sales.

Condominium sales more
than doubled from 408 in
the third quarter of 1984 to
851 in the third quarter of
this year. This number is
comparable to the 862 units
sold in the second quarter of
1985, indicating a strong
demand for the many new
condominium units on the
market.

The Real Estate Board
reports quarterly figures by
area with four price ranges
in the spread from the lowest
to highest price sale, produc-
ing four ‘‘median,”’or middle
figures to more accurately
describe each area’s market
fer all levels of buyers.

While there appear to be
some fluctuations in median
values, these are often caus-
ed by changes in the lower
and upper price in the range
being quoted, which has a

direct effect on the middle
value.

Half the sales in that
range ate below the median
and half are above, in-
dicating available properties
at acceptable prices for all
purchasers. Fluctuations in
median values reflect the
changing stock available and
changing public buying pat-
terns.

While some observers note
a dwindling supply, the
Multiple Listing Service reg-
isters an increase in listings
this year over the first nine
months of last year.

Though the strong de-
mand has also increased the
sales to listings ratio from 35
per cent last year to 46 per
cent this year, there were still
some 9,000 properties
available on the board's
Multiple Listing records at
the end of September.

The most active areas in
the third gquarier where
number of sales rose
substantially were Co-
quitlam, with 301 sales this
year compared to 180 last
year,

Vancouver’s east side rose
from 422 sales last year to
598 this year and Vancouver
West and Richmond almost
doubled their 1984 sales to
409 and 430 respectively.

The Real Estate Board of
Greater Vancouver does not

Barbara Reid

985-8062 Res.
986-9321 Off.

645-3334 Pacer.

report monthly or quarterly
sales in housing types
because it requires full study
of each property’s facilities
(lot size, parking spaces,
number of rooms, square
footage, bathrooms) to
compare accurately, and
these amenities, coupled
with a buyer’s needs, deter-
mine the market value of
each individual property.

Fluctuations in medians
are often found to mean that
the ‘‘median’’ house, pic-
tured in the board’s quarter-
ly report, is somewhat dif-
ferent than the median house
of the previous quarter.

Total sales for the entire
area covered by the board to
the end of September are
now 9,694 single family
homes for 1985, compared
to 7,371 in the same nine
months last year, a 31 per
cent increase. Condominium
transactions show the same
31 per cent increase, rising
from 1,933 last year to 2,529
by September 30, 1985.

The simplistic average
price per unit for all housing
sold stood at $314,058 in
September, 1985, compared
to $214,070 in 1984, in-
dicating a generally stable
market with active sales due
to continuing good stock in
all areas, coupled with re-
asonable mortgage rates for
buyers.

°105,500

OPEN HOUSE SUN 2-4:30

1666 GARDEN AVE.

Immaculate 3 bdrm home including 1 bdrm in full bsmt
# with suite potential. There is lane access with insulated
a garage & 220 wiring. The yard is fully fenced. Priced at
# $105,500. For further details, come to the open or call

BARBARA REID 986- 9321, 645-3334 pager

cue

- “West coast Realty

f. 5 minutes from Park Royal! .44 acre. Exceptional home for elegant §f

23 ~ Friday, November 29, 1985 ~ North Shore News

MARY ELLIS
Res: 926-1880
pager: 645-3630
Off: 986-9321

Thinking of Moving?

Less competition now...could make this the right time to sell
your home!

Urgently Required Now

1 North Vancouver 3 barms with bsmt.
$100's to $150's
also 2 bdrms with potential
Needing T.L.C.
= West Vancouver 2 or 3 bdrms, Ambleside, Dundarave area
$150's to $200's

Please call Mary Ellis A.S.A.P. without obligation.

.” west Coast Realty

SPECTACULAR VIEW & POD: ,
Exceptional value with a life of enjoyment — prime W. Van location — quiet cul- de-sac —:3400' §
family home — gracious entertaining — excellent floor plan — & waiting for your special touches!
Hurry before its sold! Cypress Pk. Estates.

SHIRLEY BARTLETT
Res: 921-8074:
Pager: 645-3603

1AM PLEASED TO ANNOUNCE THATi HAVE JOINED THE a.
SUTTON GROUP AND LOOK FORWARD TO BEING.OF
SERVICE TO YOU IN YOUR CONTINUING REAL ESTATE

One-of-a-kind!
Open Sunday 1-5
440 Newlands Road, W.V.

or casual entertaining! A gorgeous garden with all-day sunshine,
swimming pool, patios, fishpond & privacy. 3 bdrms, 2 bathrms, §
sauna, hot water heat, beautiful rec rm with bar & kitchen (ideal :
for guests), large carport plus guest parking. Off Taylor Way & East
on Keith Rd. Not a drive by — a must see! $249,000