Jeff Benna
Property Photo: 4177 W 11TH AV  in Vancouver
I have listed a new property at 4177 W 11TH AV in Vancouver.
Above, a superb den with wetbar, handsome built-ins, and huge roof-top deck with stunning views of water, city and mountains! A super rec-room down, plenty of storage, radiant in floor heating and a large double garage underscore the practical qualities for everyday comfort throughout. DON'T MISS IT!
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Property Photo: # 403 612 FIFTH AV  in New_Westminster
I have listed a new property at # 403 612 FIFTH AV in New_Westminster.
"THE FIFTH AVENUE" This is a delightful, two bedroom and two bath suite with large rooms and a big open feel. Outlooks to the southwest, from the large balcony, to the river and bridge in the warm afternoon sun make it a great place to callhome. Conveniently located to the shopping and amenities of "Uptown New West." The building is self managed with great rec facilities including a games room, an outdoor pool, a jacuzzi, sauna and exercise area. The low maintenance fees include heat and hot water. YOU'LL LOVE IT!
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Property Photo: 3144 E 22ND AV  in Vancouver
I have sold a property at 3144 E 22ND AV in Vancouver.
This is a bright and tidy family home with a south facing backyard. It is convieniently located to shopping transportation schools and the community centre. There are lovely trees in the backyard and mature landscaping. The main floor hasa large living room, big kitchen and two bedrooms. One of the main floor bedrooms is being used as a dining room. There is a wood burning fireplace and high cielings. Upstairs there is another bedroom with a deck facing the northshore mountains and room for another small bedroom or office/study space. New roof last year. Downstairs is a laundry room and a legal rental suite to help reduce those monthly mortgage payments. YOU'LL LOVE IT!
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VANCOUVER, B.C. – December 2, 2008 – November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market.

In its most recent statistics release, the Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 69.7 per cent in November 2008 to 874 from the 2,883 sales recorded in November 2007.

Residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 12.8 per cent between May and November 2008, amounting to an 8.3 per cent year-to-date price reduction for detached, attached and apartment properties in Greater Vancouver between November 2007 and 2008. In May 2008, the overall residential benchmark price was $568,411, compared to $495,704 in November 2008.

“Times of turmoil, from which we always emerge, offer excellent opportunities to buy quality real estate,” says REBGV president, Dave Watt. “For those whose personal finances allow them to get involved, there are opportunities in today’s housing market that have not been seen in many years.

“The local real estate market is not immune to the current economic challenges globally; however, Canada’s disciplined lending structure has kept the mortgage landscape steady in these uncertain times.”

New listings for detached, attached and apartment properties declined 10.8 per cent to 3,012 in November 2008 compared to November 2007, when 3,377 new units were listed. Active listings in November declined 4.7 percent to 18,348 from the 19,257 active listings in Greater Vancouver in October 2008.

Sales of detached properties in November 2008 declined 69.8 per cent to 322 from the 1,067 units sold during the same period in 2007. The benchmark price for detached properties declined 8.6 per cent from November 2007 to $666,525. Since May 2008, the benchmark price for a detached property in Greater Vancouver has declined 13.6 per cent.

Sales of apartment properties declined 67.9 per cent last month to 410 compared to 1,276 sales in November 2007. The benchmark price of an apartment property declined 8.6 per cent from November 2007 to $342,315. Since May 2008, the benchmark price for an apartment property in Greater Vancouver has declined 12.2 per cent.

Attached property sales in November 2008 decreased 73.7 per cent to 142, compared with the 540 sales in November 2007. The benchmark price of an attached unit declined 6.4 per cent between November 2007 and 2008 to $426,287. Since May 2008, the benchmark price for an attached property in Greater Vancouver has declined 11 per cent.
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Jeff Benna

 


 

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