experts: real estate column Wednesday, July 19, 2000

A QUICK REVIEW OF THE HOUSING MARKET HALFWAY THROUGH 2000

This summary takes residential sales and Single Family Detached prices and compares the first 6 months of 2000 to the first 6 months of 1999.

By Ozzie Jurock

This summary takes residential sales and Single Family Detached prices and compares the first 6 months of 2000 to the first 6 months of 1999.

                          2000     1999     %
Vancouver      Sales 	10,979   11,850  -07%
               Prices  380,466  358,694  +08%

Fraser Valley  Sales     5,279    6,214  -15%
               Prices  253,400  248,000   +2%

Victoria       Sales     2,677    2,810   -4%
               Prices  252,900  244,000   +4%

Okanagan(May)  Sales     1,800    1,767   +1%
               Prices  159,500  158,300   +1%
		
Edmonton       Sales     7,540    7,170   +5%
               Prices  139,400  134,400   +3%

Toronto        Sales    31,200   31,800    0%
               Prices  247,900  229,800   +8%
The market in Toronto, Calgary, Edmonton and Okanagan is up/even in the number of unit sales over 1999. However sales volumes are down sharply throughout BC.

Prices however are up across the board in ALL Canadian markets. This supports our argument that sellers don't "have to" sell and are less likely to "give away" their property. It also is clear that inflation IS back!

DEALS, DEALS

Still there are excellent deals still out there:

From Jurock's Facts by Fax this week:

Vancouver: 2 bedroom, 2 baths condo, Helmcken Street, foreclosure. Likely price: $150's?

Coquitlam: 1 bedroom, near City Hall, foreclosure. Likely price: $90's

Tumbler Ridge Peace River area: Condos, Houses from: $26,900; see: www.selectpropertygroup.com.

Calgary: 3-bedroom house, double garage, 10,000 down, assume first. Price: $130,000
1 bedroom condo, 7,000 down assume first Price: $85,000
Both the above units can also be leased with option to buy

You can see over 4,000 properties for sale and over 700 resource and real estate tips at www.jurock.com




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http://www.jurock.com/jrei/subscription/fbf.html

http://www.selectpropertygroup.com/

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