experts: real estate column Friday, December 08, 2000

2000?S RACE NEARLY DONE - N/VAN DOWN & W/VAN UP

Real estate summary: North Van remains down, West Van remains "golden boy"

By Alan  Skinner

North Van remains down in all segments, numbers-wise that is (detached 6%, attached 22% and apartments 28%) with one month?s figures remaining, the pattern for 2000 is now evident. Average prices Y.T.D. are however up for both detached (+5%) and attached (+2%) only apartments off 1%. Detached inventory is a minor concern however, as it has grown to 120% of last year?s at this time.

West Van remains ?golden boy? with all segments up, numbers-wise (detached 21%, attached 49% and apartments 1%). Average prices are up in detached (+18%) and apartments (+2%) with attached showing no appreciable change. Inventory levels here are not a major concern.

The early December activity is (surprisingly?) brisk maybe some ?lets get in before 2001? thinking. We?ll see if that holds out for December I?ll ?fess up on my prediction that it will, in my next epistle (either way!).

Talking of prediction all appears to be pointing to a brisker 2001. As I mentioned last month, the Federal result wouldn?t (and won?t) have much effect on our market. Almost all are agreeing however that the [N]early [D]efunct [P]arty must give way to a new Provincial era and it is the speed of anticipated improvement in our economy that will be critical.

Not many shopping days ?til Christmas (for all goodies not just dwellings!) and our focus turns to our families and friends, as it should at this juncture. On a personal note, I?d like to thank all of you who have passed on complimentary comments on the Update they are appreciated. The New Year will be bringing an environmentally positive resolution to proceed electronically and all printed copies will be phased out. Please invite any friends/colleagues to join the group subscribing to the e-mail version by sending a request to northshore@canada.com. Please forward this to anyone you think may enjoy receiving this newsletter.

............in closing, a joyous family and friendship-filled festive season to all!

Please don?t hesitate to call/e-mail with any questions on local real estate, whether buying, selling or just looking at future options.

Alan is the host of ?The Real Estate Show? (a Media Mentors? production) heard Sunday between 2 and 3 pm on CFUN AM 1410 (?Talk with titude?) - Listen in Phone in with your questions!




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Related Links:

http://www.alanskinner.com/

http://www.cfun.com/realestateshow.htm

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