Jeff Benna
Property Photo: # 403 612 5TH AV  in New_Westminster
I have sold a property at # 403 612 5TH 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: # 214 611 BLACKFORD ST  in New_Westminster
I have listed a new property at # 214 611 BLACKFORD ST in New_Westminster.
"MAYMONT MANOR" Recently converted from a co-op this is now a strata unit. Well maintained building with updated common areas in a super convienient "UPTOWN" location. This suite is a bright two bedroom on the west side of the building.The balcony outlook is to a large evergreen and provides lovely shade on warm summer afternoons. Good sized rooms, functional layout, and recent paint make this suite cozy cheerful and a great place to call home in a great community. YOU'LL LOVE IT!
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Property Photo: 1975 E 38TH AV  in Vancouver
I have listed a new property at 1975 E 38TH AV in Vancouver.
This is a completely renovated family home with a brand new one bedroom suite plus a laundry room and storage. All new kitchens and bathrooms with stainless steel appliances and a clawfoot tub on the main floor. All new flooring, new tile,new double glazed windows, new hot water tank, even a brand new fence. There is a large living room, the kitchen is open concept to the dining room with a breakfast bar. The house has an attached garage and a massive sundeck overlooking the park to the back. Close to 41st and victoria shopping, bus lines, schools and the ridgeway bike path. This is a perfect family home in turnkey condition. YOU'LL LOVE IT!
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Property Photo: # 403 612 5TH AV  in New_Westminster
I have listed a new property at # 403 612 5TH 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: 5955 MCKINNON ST  in Vancouver
I have listed a new property at 5955 MCKINNON ST in Vancouver.
Great Killarney building lot. Oversized 33 x 138.7 RS-1 zoned property with a back lane is a great place to build your new home. This is a quiet tree lined street very convienent to shopping schools and recreation. YOU'LL LOVE IT!
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Property Photo: # 7 973 W 7TH AV  in Vancouver
I have listed a new property at # 7 973 W 7TH AV in Vancouver.
Unobstructed panoramic views of English Bay, Downtown & mountain vistas. This is a renovated, two bedroom, two bath, three level townhouse. It has a great deck to enjoy your morning coffee and the skyline. Kitchen with stainless steelappliances and corian countertops. Heated tile floors, three skylights, silestone counter in the bathroom. View corridor from the master bedroom. Maple hardwood floors, updated bathrooms, glass feature wall Great location close to the cambie crossroads, future olympic village, VGH, the seawall, Granville Island and a quick aqaubus ride to downtown. This home is bright renovated,RAINSCREENED with a great view and location for your vancouver lifestyle. YOU'LL LOVE IT!
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VANCOUVER, B.C. – January 5, 2009 – The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 to $648,421 by December 2008.
 
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties decreased 35.3 per cent in 2008 to 24,626 sales compared to 38,050 sales in 2007. Property listings for the year increased 13.9 per cent to 62,561 compared to 2007 when 54,945 new properties were listed.
 
“Trends in the latter half of 2008 showed a consistent month-over-month decrease in residential housing prices, adeparture from the rising home prices and record-breaking sales that were experienced in Greater Vancouver for much of this decade,” said REBGV president, Dave Watt.
 
“It’s also important to note that our December statistics show a third consecutive month of a decrease in active property listings in Greater Vancouver. That means supply is coming down,” Watt said. “Last month was also the first time in 27 years that Greater Vancouver homes sales for December were higher than November.”
 
Residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 10.9 per cent between Decembers 2007 and 2008. Since May 2008, the overall residential benchmark price has declined 14.8 per cent in Greater Vancouver to $484,211 from $568,411.
 
“For buyers, lower prices haven’t been a concern as much as the perception that prices are falling. It’s difficult to identify the ‘bottom’ of the market. The reality is that people tend to buy when prices are going up, not when they’re going down,” Watt said.
 
In December 2008, sales of detached, attached and apartment properties totalled 924, a decrease of 51.3 per cent compared to the 1,897 sales in December 2007.
 
New listings for detached, attached and apartment properties declined 8.6 per cent to 1,550 in December 2008 compared to December 2007 when 1,695 new units were listed. Total listings in December declined 17.2 per cent to 15,193 from the 18,348 total active listings in Greater Vancouver in November 2008. Sales of detached properties in December 2008 declined 48.7 per cent to 348 from the 679 units sold during the same period in 2007. The benchmark price for detached properties declined 11.2 per cent from $730,399 in December 2007 to $648,421 in December 2008. Since May 2008, the benchmark price for a detached property in Greater Vancouver has declined 15.9 per cent. Sales of apartment properties declined 53.7 per cent last month to 417 compared to 901 sales in December 2007. The benchmark price of an apartment property declined 11.7 per cent from $377,579 in December 2007 to $333,275 in December 2008. Since May 2008, the benchmark price for an apartment property in Greater Vancouver has declined 14.5 per cent

 
Attached property sales in December 2008 decreased 49.8 per cent to 159, compared with the 317 sales in December 2007. The benchmark price of an attached unit declined 7.4 per cent from $456,941 in December 2007 to $423,338 in December 2008. Since May 2008, the benchmark price for an attached property in Greater Vancouver has declined 11.6 per cent.
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Property Photo: # 601 6759 WILLINGDON AV  in Burnaby
I have sold a property at # 601 6759 WILLINGDON AV in Burnaby.
This is a two bedroom and two bath condo overlooking central park on the bright northwest corner of a well maintained concrete highrise. Beautiful grounds, an indoor pool, very close to shopping transportation and the central park pitch andputt golf course. A very nice place to call home. YOU'LL LOVE IT!
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Jeff Benna

 


 

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