76 — Friday. August 6, 1999 — North Shore News

Market change

From page 47

apartnents, you can see that most of the units are sinuated in Dundarave/ Queens or Ambleside. The demand /sup- ply situation isn’t much differ- ent in these nwo arcas, although it is a somewhat sott- erin Ambleside.

Turning to North Vancouver, the rable shows how tight the market is for North Van detached hames.

In toral there are only 355 homes on the market and about 95 sell each month. Therefore there is less than four months supply on the market, meaning that sellers have the upper hand.

By area, the results range from Central North Van (which includes Lower Lonsdale, Central Lonsdale, Boulevard, Queensbury, Calverhall and Lynnmour} Where there is only 3.2 months supply of listings to the Tempe/Braemar/Princess Park area where there is 5.7 months supply. Overall, however, there is not a lot of variation between areas —- demand/supply conditions are tight in all of ey cappk

¢ demand /supply situa- tion is also fairly ani for North Van atfthed homes, with only 4.8 months supply on the market. Most of the sub-areas reflect this tight mar- ket except for the Norgate/Pemberton/ Pemberton Heights/

condition week to week

Hamilton area which has over 10 months supply of homes on the market.

For the last category, North Van apartments, the table shows a lot of variation in demand /supply conditions berween the difterent areas. The situation for apartments in the Norgate/Pemberton/ Pemberton Heights/ Hamilton area is very tight with less than four months supply on the market. On the other hand there is mere than nine months supply in the Delbrook/Upper Delbrook/ Upper Lonsdale /Forest Hills area, The central North Van area also has a soft market with more than an cight menth supply of listings.

as F mentioned in [ast week's column, this intornia- tion is just one way of looking at the state of these markets and the siruation is fluid — market conditions can change from weck to week.

Nevertheless, if you are

North Vancouver

currently active in the North Shore real estate market, pru- dent use of this information should help you i determin- ing vour strategies. If you are going to sella ‘house in one of the areas with soft

demand /supply conditions you are going to have to price your house realistically and if vou get an offer you will to nave to be fairly flexibie. [f you are looking to buy a house in one of these areas you should be able to take advantage of the soft market conditions and get a home for a good price.

Conversely in the areas with tighter conditions, sellers can afford to price and negoti- ate more aggressively and buy- ers will have te pay close to asking price tor most homes.

— Trent Appelbe is an econ- omist and a real estate agent with RE/MAX Crest Realty, He can be reached at 988-4707 or by e-mail via his Web site at <wmbomes-vancourercom>,

Attached Homes

Active Mithly Months

Sub-area Listings Sales Supply

Norgate/Pemberton/PHts/Ham Capilano to Grouse Woods Del/U Del/U Lonsd/Forest Hills” Central North Van Braemar/Tempe/Princess Pk Lynn Valley/Lynmour

Seymour & points east Total

@ Prudential

Sussex Realty { .

3 86 3.8 5 0 12.5 a rn) 270 33 8.2 0 0. 0.0 18024 6.2 7% 9.6 79 410 7.5

CAULFEILD’S HIDDEN

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(Sy Prudential

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10' ceilings, a children's wing, an aloof master suite, 3 fireplaces, 4.5 baths. Atare “apen” this Sunda:

3265 St. Annes D:

Artful 7 ve r old Home Avital, TOP quality, 3000 s.f home with 4 bécins up. Hiding, off Capilano Fd. (28” drive), on @ 12,981 8.4. level LOT, is an almost NEW HOME. For discriminating buyers who value a lush, forested backdrop, oak floors, granite & bay windows. By appt cr view @ www.cherrybouton.com.

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Fabulous location for this quafity older home in Central Dundarave. Larger 64' south side fot with lane accass. Stunning water & city views. Huge patios & decks with fenced back yard. Elegant spiral staircase to upper lavel. Oversized living & dining rooms. Newer master suite upstairs, easy suite con- version down. Lifetime meta! soof. Loads of storage. Fantastic pctential for this delightful : 5 i character home. Only $279,005. . s BEAUTIFUL ORGANIC GARDENS

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