Jeff Benna

I have listed a new property at 3123 16TH AVE W in Vancouver.
A great place to build your new home with laneway house or hold as a 3 bedroom rental $2700 per month. This is a 33' x 122" RS-5 zoned lot with no trees in Upper Kits. Direct bus to the University of British Columbia. The public library and Community Centre are minutes away along with dozens of local shops, restaurants, fruit stands, parks and recreation. The current house features a large living room with wood burning fireplace, 2 bedrooms, 3-piece bathroom, and a kitchen with eating area. There is a back porch and single car garage with attached carport. The paved back lane is well lit with lamp standards. SCHOOLS Elementary: Carnarvon, Secondary: Kitsilano, French Immersion - Early K -: Trafalgar, Late 6-7: General Gordon, - Secondary: Kitsilano. Oil tank removed. YOU'LL LOVE IT!
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Please visit our Open House at 3123 16TH AVE W in Vancouver.
Open House on Thursday, May 10, 2018 6:00PM - 7:00PM
A great place to build your new home with laneway house or hold as a 3 bedroom rental $2700 per month. This is a 33' x 122" RS-5 zoned lot with no trees in Upper Kits. Direct bus to the University of British Columbia. The public library and Community Centre are minutes away along with dozens of local shops, restaurants, fruit stands, parks and recreation. The current house features a large living room with wood burning fireplace, 2 bedrooms, 3-piece bathroom, and a kitchen with eating area. There is a back porch and single car garage with attached carport. The paved back lane is well lit with lamp standards. SCHOOLS Elementary: Carnarvon, Secondary: Kitsilano, French Immersion - Early K -: Trafalgar, Late 6-7: General Gordon, - Secondary: Kitsilano. Oil tank removed. YOU'LL LOVE IT!
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Please visit our Open House at 3123 16TH AVE W in Vancouver.
Open House on Sunday, May 13, 2018 2:00PM - 4:00PM
A great place to build your new home with laneway house or hold as a 3 bedroom rental $2700 per month. This is a 33' x 122" RS-5 zoned lot with no trees in Upper Kits. Direct bus to the University of British Columbia. The public library and Community Centre are minutes away along with dozens of local shops, restaurants, fruit stands, parks and recreation. The current house features a large living room with wood burning fireplace, 2 bedrooms, 3-piece bathroom, and a kitchen with eating area. There is a back porch and single car garage with attached carport. The paved back lane is well lit with lamp standards. SCHOOLS Elementary: Carnarvon, Secondary: Kitsilano, French Immersion - Early K -: Trafalgar, Late 6-7: General Gordon, - Secondary: Kitsilano. Oil tank removed. YOU'LL LOVE IT!
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VANCOUVER, BC – May 2, 2018 – The Metro Vancouver* housing market saw fewer home buyers and more home sellers in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 percent decrease from the 3,553 sales recorded in April 2017, and a 2.5 percent increase compared to March 2018 when 2,517 homes sold.

Last month’s sales were 22.5 per cent below the 10-year April sales average.

“Market conditions are changing. Home sales declined in our region last month to a 17-year April low and home sellers have become more active than we’ve seen in the past three years,” Phil Moore, REBGV president said. “The mortgage requirements that the federal government implemented this year have, among other factors, diminished home buyers’ purchasing power and they’re being felt on the buyer side today.”

There were 5,820 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2018. This represents an 18.6 percent increase compared to the 4,907 homes listed in April 2017 and a 30.8 percent increase compared to March 2018 when 4,450 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,822, a 25.7 percent increase compared to April 2017 (7,813) and a 17.2 percent increase compared to March 2018 (8,380).

“Home buyers have more breathing room this spring. They have more selection to choose from and less demand to compete against,” Moore said.

For all property types, the sales-to-active listings ratio for April 2018 is 26.3 percent. By property type, the ratio is 14.1 percent for detached homes, 36.1 percent for townhomes, and 46.7 percent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 percent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,092,000. This represents a 14.3 percent increase over April 2017 and a 0.7 percent increase compared to March 2018.

Sales of detached properties in April 2018 reached 807, a 33.4 percent decrease from the 1,211 detached sales recorded in April 2017. The benchmark price for detached properties is $1,605,800. This represents a 5.1 percent increase from April 2017 and a 0.2 percent decrease compared to March 2018.

Sales of apartment properties reached 1,308 in April 2018, a 24 percent decrease from the 1,722 sales in April 2017. The benchmark price of an apartment property is $701,000. This represents a 23.7 percent increase from April 2017 and a 1.1 percent increase compared to March 2018.

Attached property sales in April 2018 totalled 464, a 25.2 percent decrease compared to the 620 sales in April 2017. The benchmark price of an attached unit is $854,200. This represents a 17.7 percent increase from April 2017 and a 2.3 percent increase compared to March 2018.

 

 

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I have sold a property at 103 338 WARD ST in New Westminster.
Located in the heart of historic Sapperton, this spacious 1 bedroom apartment is a short walk to sky train, grocery stores, parks, shops & restaurants the area is known for. This ground floor unit is clean and in it's original splendour. Enjoy your large private patio removed from a quiet tree lined street. Loads of storage in the unit as well. Special bonus is the gorgeous gas fireplace for cozy evenings. 1 (small) dog or 1 cat is welcome. Worry free this building is in great shape & well maintained.
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I have sold a property at 204 1010 BURNABY ST in Vancouver.
THE ELLINGTON! Fully Rainscreened in 2017. TWO PARKING STALLS! This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
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I have listed a new property at Lot 49 Tsawwassen DR in Tsawwassen.
This is a 99 year leasehold interest for development. One of the last available
parcels in the Tsawwassen First Nations “Enterprise Zone”. The Official
Community Plan calls for the entire site to be rezoned for a mix of
single family homes, townhouses and apartments. There is an allowed
122,741 square feet of development on the more than 6 acre site in this fast
growing and popular new residential community.

Located close to Tsawwassen Mills Shopping Mall and surrounded by
other major developments. Easy access to the highway, transit, beaches,
golf courses, Pt. Roberts, The Ferry Terminal and Boundary Bay Airport.
Close proximity and easy access to shopping and restaurants in Tsawwassen
and Ladner make this a one of a kind opportunity to build a neighbourhood
and create a legacy for generations to enjoy. Added bonus no 20% Foreign
Buyer Tax for the current lease or for sales on finished homes.
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I have listed a new property at 204 1010 BURNABY ST in Vancouver.
THE ELLINGTON! Fully Rainscreened in 2017. This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
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Please visit our Open House at 204 1010 BURNABY ST in Vancouver.
Open House on Thursday, April 19, 2018 6:00PM - 7:00PM
THE ELLINGTON! Fully Rainscreened in 2017. This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
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Please visit our Open House at 204 1010 BURNABY ST in Vancouver.
Open House on Sunday, April 22, 2018 2:00PM - 4:00PM
THE ELLINGTON! Fully Rainscreened in 2017. This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
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VANCOUVER, BC – April 4, 2018 – Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter of 2018.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 percent decrease from the 3,579 sales recorded in March 2017, and a 14 percent increase compared to February 2018 when 2,207 homes sold.

Last month’s sales were 23 percent below the 10-year March sales average.

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 percent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 percent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 percent increase compared to February 2018 when 4,223 homes were listed.

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 percent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 percent increase compared to March 2017 (7,586) and a 7.1 percent increase compared to February 2018 (7,822).

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

For all property types, the sales-to-active listings ratio for March 2018 is 30 percent. By property type, the ratio is 14.2 percent for detached homes, 39.9 percent for townhomes, and 61.6 percent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 percent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 16.1 percent increase over March 2017 and a 1.1 percent increase compared to February 2018.

Sales of detached properties in March 2018 reached 722, a decrease of 37 percent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 percent increase from March 2017 and a 0.4 percent increase compared to February 2018.

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 percent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 percent increase from March 2017 and a 1.6 percent increase compared to February 2018.

Attached property sales in March 2018 totalled 446, a decrease of 24.1 percent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 percent increase from March 2017 and a two percent increase compared to February 2018.

 

 

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I have sold a property at 1007 9830 WHALLEY BLVD in Surrey.
KING GEORGE PARK. A well maintained, Rainscreened building. West facing ’07 unit in the tower has a warm sunny balcony. This one bedroom and one bath unit is perfect for investors or first-time buyers. Functional and efficient layout featuring a gas fireplace, insuite laundry and semi-ensuite. You can walk to SKYTRAIN, SFU, Holland Park, Surrey Public Library, Surrey Center Mall, Community Centre, Restaurants, Entertainment and much more. Relax in the building's recreation center with hot tub, exercise and games room. There is secure underground parking with lots of space for visitors.YOU’LL LOVE IT!
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I have sold a property at 3533 30TH AVE W in Vancouver.
The perfect Dunbar family home located on a quiet tree-lined street in the heart of Westside. This is a renovated, well maintained, six bedroom, five bath, three level house. There are four bedrooms and three baths upstairs with two en-suites. The master bedroom has a five piece bath & walk-in closet. The main floor has large, bright rooms, hardwood floors, nine foot ceilings, and a two piece powder room. French doors lead out to a beautiful, covered, back yard patio with water feature and firepit, perfect for summer evenings and year round BBQ's. Downstairs is family room with wetbar, two more bedrooms, a four piece bath, laundry room & your own private sauna. Close to the best public & private schools, parks & shopping. YOU'LL LOVE IT!
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I have sold a property at 303 1967 BARCLAY ST in Vancouver.
THE PALASADES. West of Denman, one block from Stanley Park and a short stroll to English Bay. Smart one bedroom layout in a freehold concrete building on a Gorgeous tree-lined street. Re-piped 2004. New elevator 2009. New roof 2015. Full exterior painting caulking and sealing 2016. This unit has hardwood parquet floors, big windows and a large balcony. Bathroom and Kitchen updates so you can live in and enjoy right away while you customize and design your own personal nest in the heart of the West End. Free Laundry. Parking available by wait list though strata $30-40/month. Pets OK. Rentals limited to 5. YOU'LL LOVE IT!
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I have sold a property at 706 4083 CAMBIE ST in Vancouver.
“CAMBIE STAR” by Yuanheng. NO GST. LEED Gold Project with AIR CONDITIONING This two bedroom two bath plus flex space is conveniently located above King Edward Canada Line Station. On the quiet side with partial views over the rooftops to Douglas Park, The mountains and water of English Bay. Enjoy everything the Cambie Village has to offer. Easy access to downtown, airport & Richmond. Walking distance to Queen Elizabeth Park, cafes, restaurants, shopping, transit and schools. Fisher & Paykel gas cook-top, double drawer dishwashers, integrated LIEBHERR refrigerator and freezer, engineered stone counter-tops and engineered hardwood floors. 1 Parking & 1 Bicycle locker. YOU’LL LOVE IT!
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I have listed a new property at 303 1967 BARCLAY ST in Vancouver.
THE PALASADES. West of Denman, one block from Stanley Park and a short stroll to English Bay. Smart one bedroom layout in a freehold concrete building on a Gorgeous tree-lined street. Re-piped 2004. New elevator 2009. New roof 2015. Full exterior painting caulking and sealing 2016. This unit has hardwood parquet floors, big windows and a large balcony. Bathroom and Kitchen updates so you can live in and enjoy right away while you customize and design your own personal nest in the heart of the West End. Free Laundry. Parking available by wait list though strata $30-40/month. Pets OK. Rentals limited to 5. YOU'LL LOVE IT!
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Please visit our Open House at 303 1967 BARCLAY ST in Vancouver.
Open House on Thursday, March 8, 2018 6:00PM - 7:00PM
THE PALASADES. West of Denman, one block from Stanley Park and a short stroll to English Bay. Smart one bedroom layout in a freehold concrete building on a Gorgeous tree-lined street. Re-piped 2004. New elevator 2009. New roof 2015. Full exterior painting caulking and sealing 2016. This unit has hardwood parquet floors, big windows and a large balcony. Bathroom and Kitchen updates so you can live in and enjoy right away while you customize and design your own personal nest in the heart of the West End. Free Laundry. Parking available by wait list though strata $30-40/month. Pets OK. Rentals limited to 5. YOU'LL LOVE IT!
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Please visit our Open House at 303 1967 BARCLAY ST in Vancouver.
Open House on Sunday, March 11, 2018 2:00PM - 4:00PM
THE PALASADES. West of Denman, one block from Stanley Park and a short stroll to English Bay. Smart one bedroom layout in a freehold concrete building on a Gorgeous tree-lined street. Re-piped 2004. New elevator 2009. New roof 2015. Full exterior painting caulking and sealing 2016. This unit has hardwood parquet floors, big windows and a large balcony. Bathroom and Kitchen updates so you can live in and enjoy right away while you customize and design your own personal nest in the heart of the West End. Free Laundry. Parking available by wait list though strata $30-40/month. Pets OK. Rentals limited to 5. YOU'LL LOVE IT!
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VANCOUVER, BC – March 2, 2018 – Metro Vancouver* home sales dipped below the longterm historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine percent decrease from the 2,424 sales recorded in February 2017, and a 21.4 percent increase compared to January 2018 when 1,818 homes sold.

Last month’s sales were 14.4 percent below the 10-year February sales average. By property type, detached sales were down 39.4 percent over the same period, attached sales were down 6.8 percent, and apartment sales were 5.5 percent above the 10-year February average.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.”

There were 4,223 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2018. This represents a 15.2 percent increase compared to the 3,666 homes listed in February 2017 and an 11.2 percent increase compared to January 2018 when 3,796 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,822, a three percent increase compared to February 2017 (7,594) and a 12.6 percent increase compared to January 2018 (6,947).

“The spring is traditionally the busiest time for home buyers and sellers in our market. We’ll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year,” Oudil said. “To help you navigate these changes in today’s housing market, it’s important to work with your local REALTOR®.”

For all property types, the sales-to-active listings ratio for February 2018 is 28.2 percent. By property type, the ratio is 13 percent for detached homes, 37.6 percent for townhomes, and 59.7 percent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 percent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,071,800. This represents a 16.9 percent increase over February 2017 and a 1.4 percent increase compared to January 2018.

Sales of detached properties in February 2018 reached 621, a 16.6 percent decrease from the 745 detached sales recorded in February 2017. The benchmark price for detached properties is $1,602,000. This represents an 8.2 percent increase from February 2017 and is virtually unchanged from January 2018.

Sales of apartment properties reached 1,185 in February 2018, a 7.1 percent decrease compared to the 1,275 sales in February 2017. The benchmark price of an apartment property is $682,800. This represents a 27.2 percent increase from February 2017 and a 2.6 percent increase compared to January 2018.

Attached property sales in February 2018 totalled 401, a 0.7 percent decrease compared to the 404 sales in February 2017. The benchmark price of an attached unit is $819,200. This represents an 18.1 percent increase from February 2017 and a 1.9 percent increase compared to January 2018.

 

 

Download The Full Market Report Here

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Please visit our Open House at 706 4083 CAMBIE ST in Vancouver.
Open House on Sunday, March 4, 2018 2:00PM - 4:00PM
“CAMBIE STAR” by Yuanheng. NO GST. LEED Gold Project with AIR CONDITIONING This two bedroom two bath plus flex space is conveniently located above King Edward Canada Line Station. On the quiet side with partial views over the rooftops to Douglas Park, The mountains and water of English Bay. Enjoy everything the Cambie Village has to offer. Easy access to downtown, airport & Richmond. Walking distance to Queen Elizabeth Park, cafes, restaurants, shopping, transit and schools. Fisher & Paykel gas cook-top, double drawer dishwashers, integrated LIEBHERR refrigerator and freezer, engineered stone counter-tops and engineered hardwood floors. 1 Parking & 1 Bicycle locker. YOU’LL LOVE IT!
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Jeff Benna

 


 

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