18 - Friday, February 22, 1985 -

North Shose News

Real Estate
Waiting for recovery

From Page 7 7

Although most areas con-
tinued to experience decreases
in value in 984, the rate of
decrease slowed in the second
half of the yesr, Patterson
notes. ‘In many parts of Van-
couver, values have held their
own since the third quarter or
experienced slight decreases,
he observes.

One exception was West
Vancouver, where detached
bungalows decreased in value
by 18.1 per cent in 1984. in
North Vancouver, decreases
were not as severe. Here
detached bungalows dropped
from $115,000 to $110,000 in
1984, a decrease of 4.3 per
cent.

In ‘East Vancouver, stan-.
dard condominium apart-
ments held their own at
$73,000 throughout the year.
Detached two-storey homes
moved from $153,000 in
January 1984 to $148,000 in
October, where they remain-
ed for the balance of the year,
an annual decrease in value of
3.3 per cent.

In Surrey, a detached
bungaiow can still be purchas-
ed for under $90,000. Values
in this category decreased
from $86,000 to $83,000 dur-
ing 1984 while detached two-
stoizy homes decreased 17 per

"| BDRM & DEN
- NEW ON MARKET

Asking $49,500, owner moving

pliances & garburator.

PRICE REDUCED - NOW

kitchen, wikshop, Ige garage &

m 3 odrms, 1% baths/side & non
B Try high $160's.

1, ihave 7-2 bdrm gar. apts in L.V. with either 1%2 or 2% baths. Try your offer in low 90's.

lumber

maculate condition, over 700 sqa.ft.,.3

“& owner will still consider offers. Quality built
over.1500 sq.ft. on: main with 3 bdrms, liv & din
rm, family rm, 1% baths, hrdwd floors, & dwn
there is 1 bdrm, den, full bath, playrm, rec rm,

cars, off lane. Ideal family home.
DOUG BLACK ye ne

TRUE VALUE DUPLEX
bdrm suite, one on-side. Tenants pay utilities.

JIM BLACK 988-9269

cent from $120,000 to
$100,000.
In Kerrisdale, a higher-

priced area, values appear to
have stabilized in the last
quarter of 1984. Increases
were reported in all categories
except detached two-storey
homes, which fluctuated from

$280,000 (January, 1984) to
$295,000 (July, 1984) back to
$280,000 (October, 1984) and
ended the year at $275,000 for
an overall decrease of 1.8 per
cent.

, The resale market was par-
ticularly soft in the interior of
British Columbia. Patterson
attributes this to a sluggish
industry and a

W North Shore Realty Ltd,
| 134 East 14th, N. Van. 985-7485

“The Biggest Litle Professional Frm”

back east, im-
ap-

$139,500

tm tor. 4 more
$71,000. Call

contorming 2

DON’T FORGET THESE

Wi
Over 1254 sq.ft.
kit, 1% bathrms, lots of storage rm, & crawly
space. Asking $77,900.
DOUG BLACK 988-6239

- LISKETY - SPLIT!
.... YA GOTTA BE QUICK!

Owner's leaving town! Ultra smart 2 bdrm apt

‘extras galore! 6 appl even in-suite wash/dry.

Mo: maint, only $175. incl, taxes/heat. Pool &

“Neighborhood Pub"

2 BDRM SWEEPING VIEW :
Well maintained, over 800 sq.ft. on the 12th
floor. Asking $68,500 & owners open to offers.
DOUG BLACK 988-6239

decrease in the number of

tourists fram neighboring
Alberta. In Kamloops, Prince
George, Kelowna, Penticton
and Vernon, resale values in
all housing categories decreas-
ed in value throughout 1984,
It was the same story in Vie-
toria. Here decached
bungalows and two-storey
homes stabilized at $88,000
and $114,000 in October, but
annual decrease in value were
12.8 and 13.6 per cent.
Looking ahead to the rest of
1985, Patterson feels the resale
housing market will perform
much the same as in 1984,

“There are both negative
and positive factors on the
horizon,"’ he feels. ‘*On the
one hand, we continue to
receive poor economic fore-
casts for the province and pre-
dictions of continuing high
unemployment. On the other
hand, lower interest rates and
renewed confidence in the
federal government are both
encouraging signs.’*

Resale values quoted in the
survey represent market values
of typical homes and are com-
pared to figures reported 12
months ago and six months
ago. The survey reflects Royal
LePage’s estimate of fair
market value in each location,
based on data and opinion
supplied by real estate person-
nel across Canada.

I T
3 bdims, liv & din cm, eat in @

in complex. Offers to

NORMA 968-8126, 985-7185

?

2: 14th floor Talisman Towers, beautiful southern exposure. Try mid 5°
3, 2 bdrm over 900 sq.ft. apt. some view, faces south, try high 50's.
4, 2 bdrm apt, new on mkt., southern exposure $58,500. On above please cail

classifieds

DOUG BLACK 988. 6239

THE VOICE OF NONTHAND WEST wancouan,

‘north shore: my

West Vancouver New Homes

A limited number of New Home
buyers still have the
opportunity to make an
exceptional purchase ... a
new home on a ‘4 acre lot
... Starting from
$169,900.00

Sales office
open Sal Wed. THE
12:00 - dus' ATTA RAL TT
call Bryce Leigh H A R
at 922-7011 SHARON

ESTATE

MARKETING BY J. DAHLBERG REALTY LTD

3910 Sharon Drive

This view is for you...

We have only a few of these view homes available. See us today!

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Services, 2 & 3 bedrooms—~-2/2 baths

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* Security Underground Parking

Bentley Mews

6th and St. Georges North Vancouver
A Project ‘of Hycroft Management 683-5651

From $124,000 |

Display Home Open:
Mon-Thur.

Weekends
985-5926, 985-5625