Jeff Benna : RE/MAX Real Estate Services : Archived blog posts for : 2009

I have sold a property at # 2 1203 MADISON AV in Burnaby

Posted on December 17, 2009 by Jeff Benna (RE/MAX Real Estate Services)

Property Photo: # 2 1203 MADISON AV in Burnaby

I have sold a property at # 2 1203 MADISON AV in Burnaby.

Ground Floor Unit with big patio in friendly Madison Gardens. Spacious layout and 9' ceilings. Recently installed laminate flooring. 2 large bedrooms with ample closet space, den, 2 bathrooms, big kitchen with stainless steel appliances, 2 parkings and large storage locker in secured underground parking. Nice North Burnaby area with 6 commercial units in the complex featuring a spa, hair salon and cafe (which boasts the best brunch in Burnaby). Walk to SkyTrain & Brentwood Mall.

Read full post

I have sold a property at # 605 1455 HOWE ST in Vancouver

Posted on December 13, 2009 by Jeff Benna (RE/MAX Real Estate Services)

Posted in: False Creek North, Vancouver West

Property Photo: # 605 1455 HOWE ST in Vancouver

I have sold a property at # 605 1455 HOWE ST in Vancouver.

See details here

"POMARIA" TWO bedroom+den, TWO bath, TWO side x side PARKING SPOTS, AIR-CONDITIONED, south-west CITY AND WATER VIEWS. This suite has it all. Updated wall paper, paint, tile floor and carpet. GROHE fixtures, SUB-ZERO fridge, GE Monogramappliances, separate wall oven and FIVE BURNER cooktop. A nice balcony, a perfect private den for your home office, Highly functional layout with good bedroom separation and an open plan perfect for entertaining. Roll down blinds and black out curtains in the master bedroom. The ultimate building, 24 HOUR concierge, close to SHOPPING, the SEAWALL, MARINAS, RESTAURANTS and your DOWNTOWN life. YOU'LL LOVE IT!

Read full post

I have sold a property at 606-36 Water Street in Vancouver

Posted on December 3, 2009 by Jeff Benna (RE/MAX Real Estate Services)

Posted in: Downtown VW, Vancouver West

Property Photo: 606 36 Water ST in Vancouver

I have sold a property at 606-36 Water Street in Vancouver.

See details here

Explore trendy urban living at the Terminus for under $500k! This luxury boutique style development is located in Vancouver's historic Gastown on Water Street. The unit boasts stunning finishes and an open concept floor plan. High ceilings, top-of-the-line European appliances and secure, underground parking are just a few of the perks. Unique features such geothermal heating and cooling, very contemporary design, and beautiful rooftop lounge/patios for urban entertaining make this unit a must see! Backed by 2-5-10 year warranty

Read full post

New property listed in False Creek North, Vancouver West

Posted on December 3, 2009 by Jeff Benna (RE/MAX Real Estate Services)

Posted in: False Creek North, Vancouver West Real Estate

I have listed a new property at # 605 1455 HOWE ST in Vancouver.

See details here

Read full post

I have sold a property at 2542 CORNWALL AV in Vancouver

Posted on December 3, 2009 by Jeff Benna (RE/MAX Real Estate Services)

Property Photo: 2542 CORNWALL AV in Vancouver

I have sold a property at 2542 CORNWALL AV in Vancouver.

See details here

Kits townhome 1 block to Kits Beach! Enjoy almost 900 sq ft of finished area in this fantastic 2 bedroom executive townhome. Your new home comes complete with large private patio/garden area, second patio off master, private entry, lots of natural light, classic wood-burning fireplace, large insuite laundry/pantry, and a great open plan. Maintenance fees only $175/month in this unique 4 unit development. Parking and additional storage included (West-most stall/locker). New roof in 2006. Walk one block to Kits pool and beach, 3 blocks to 4th Avenue shopping/cafes.

Read full post

Strong demand carries into late fall

Posted on December 3, 2009 by Jeff Benna (RE/MAX Real Estate Services)

VANCOUVER, B.C. – December 2, 2009 – Home values continued to edge upward in November as demand in the Greater Vancouver housing market remains well above seasonal norms.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 12.4 percent to $557,384 from $495,704 in November 2008. This price, however, remains down 1.9 percent from the most recent high point in the market in May 2008 when the residential benchmark price sat at $568,411.

“This unseasonably high level of demand can be attributed in large part to low interest rates, but it also speaks to the diverse range of housing options available in Greater Vancouver,” Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. “Prospective homebuyers today have more options at different price levels than ever before.”

The REBGV reports that residential property sales in November were the third highest volume ever recorded in Greater Vancouver for that month. Sales in the region totalled 3,083 in November 2009, an increase of 252.7 percent compared to November 2008 when 874 sales were recorded and a 16.8 percent decrease compared to the 3,704 sales recorded in October 2009.

“We are experiencing a brisker than normal market for this time of year, although we have begun to see a reduction in the number of homes listed for sale, which is normal as we head into the holiday season,” Russell said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,653 in November 2009. This represents a 21.3 percent increase compared to November 2008 when 3,012 new units were listed, and a 26.6 per cent decline compared to October 2009 when 4,977 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 11,039, the total number of property listings on the MLS® decreased 8.6 per cent in November compared to last month and declined 39 percent from this time last year.

In contrast to this year, note that November 2008 was the lowest selling November in Greater Vancouver in 27 years.

Sales of detached properties increased 261.5 percent to 1,164 from the 322 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 13.6 percent from November 2008 to $757,209.

Sales of apartment properties in November 2009 increased 240.5 percent to 1,396 compared to 410 sales in November 2008. The benchmark price of an apartment property increased 11.6 percent from November 2008 to $381,945.

Attached property sales in November 2009 are up 268.3 percent to 523, compared with the 142 sales in November2008. The benchmark price of an attached unit increased 10.2 percent between Novembers 2008 and 2009 to$469,686.

Market Report Dec 09

Read full post