Jeff Benna

I have listed a new property at 868 BLACKSTOCK RD in Port Moody.
Completely Renovated Family Townhome! This is a three Bedroom, two bath, with private outdoor space and two parking stalls. The kitchen has granite countertops, Bosch Dishwasher and stainless steel LG appliances including microwave. There is programable Nu-heat under floor heat in the kitchen and bathroom. New laminate flooring and tile on the main floor and wall to wall carpet in the cozy bedrooms upstairs. The crawlspace is insulated vented and heated, all new electrical and plumbing with permits. Super quiet LG large capacity Washer Dryer. Located minutes from Newport Village, Rocky Point Park, transit, Skytrain, recreation and Mountain Meadows Elementary. All three bedrooms are a good size. Southeast views off the patio, the perfect place for your summer BBQs. YOU’LL LOVE IT!
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Please visit our Open House at 868 BLACKSTOCK RD in Port Moody.
Open House on Thursday, January 18, 2018 6:00PM - 7:00PM
Completely Renovated Family Townhome! This is a three Bedroom, two bath, with private outdoor space and two parking stalls. The kitchen has granite countertops, Bosch Dishwasher and stainless steel LG appliances including microwave. There is programable Nu-heat under floor heat in the kitchen and bathroom. New laminate flooring and tile on the main floor and wall to wall carpet in the cozy bedrooms upstairs. The crawlspace is insulated vented and heated, all new electrical and plumbing with permits. Super quiet LG large capacity Washer Dryer. Located minutes from Newport Village, Rocky Point Park, transit, Skytrain, recreation and Mountain Meadows Elementary. All three bedrooms are a good size. Southeast views off the patio, the perfect place for your summer BBQs. YOU’LL LOVE IT!
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Please visit our Open House at 868 BLACKSTOCK RD in Port Moody.
Open House on Sunday, January 21, 2018 2:00PM - 4:00PM
Completely Renovated Family Townhome! This is a three Bedroom, two bath, with private outdoor space and two parking stalls. The kitchen has granite countertops, Bosch Dishwasher and stainless steel LG appliances including microwave. There is programable Nu-heat under floor heat in the kitchen and bathroom. New laminate flooring and tile on the main floor and wall to wall carpet in the cozy bedrooms upstairs. The crawlspace is insulated vented and heated, all new electrical and plumbing with permits. Super quiet LG large capacity Washer Dryer. Located minutes from Newport Village, Rocky Point Park, transit, Skytrain, recreation and Mountain Meadows Elementary. All three bedrooms are a good size. Southeast views off the patio, the perfect place for your summer BBQs. YOU’LL LOVE IT!
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I have listed a new property at 70 1425 LAMEY'S MILL RD in Vancouver.
False Creek Penthouse on the the 7th floor of a concrete building. This is a uniquely bright suite with lots of windows facing the sun on the Southwest corner and VIEWS. Hardwood floors. Enter through the large foyer to very spacious & gracious rooms and layout. There is a big master suite with walk-through closet. The kitchen has been updated with granite countertops, stainless steel appliances and custom wood cabinets. In-suite laundry. Great location for walking, shopping and experiencing miles of seawall plus all of Vancouver's lifestyle. Restaurants, Granville Isalnd Market, tennis courts, kayaking canoeing, the Community Centre, gym and park. City of Vancouver prepaid lease to 2040. Very convenient, private and bright. YOU'LL LOVE IT!.
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I have listed a new property at 104 6076 TISDALL ST in Vancouver.
Mansion House Estates! This is a large, bright, one bedroom, not ground floor in one of Oakridge's best loved CO-OPs. Spacious living room, efficient kitchen, formal dining, and big bedroom with double closet. Balcony and parquet hardwood floors. In original condition, ready to be made your own. Well maintained concrete building with a new elevator, updated plumbing, updated roof, the exterior painted in 2016 and a new boiler in 2014. New windows are scheduled for this year and paid for by the current owner. There is an outdoor swimming pool and patio for relaxing in the summer. Sorry no pets, no rentals and 19+. Worry free living close to Oakridge Mall, The Library, Safeway, The Seniors Centre, Tisdall Park and Canada Line for easy access to Downtown and Richmond. YOU'LL LOVE IT!
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VANCOUVER, BC – January 3, 2018 – After reaching record levels in 2015 and 2016, Metro Vancouver* home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a 9.9 percent decrease from the 39,943 sales recorded in 2016, and a 15 percent decrease over the 42,326 residential sales in 2015.

Last year’s sales total was, however, 9.7 per cent above the 10-year sales average.

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

Home listings in Metro Vancouver reached 54,655 in 2017. This is a 5.1 percent decrease compared to the 57,596 homes listed in 2016 and a 4.5 percent decrease compared to the 57,249 homes listed in 2015.

Last year’s listings total was 4.4 percent below the 10-year listings average.

“Market activity differed considerably this year based on property type,” Oudil said. “Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300. This is up 15.9 per cent compared to December 2016.

The benchmark price of condominiums increased 25.9 percent in the region last year. Townhomes increased 18.5 percent and detached homes increased 7.9 percent.

“Strong economic growth, low interest rates, declining unemployment, increasing wages and a growing population all helped boost home buyer demand in our region last year,” Oudil said.

December summary

Sales of detached, attached, and apartment properties totalled 2,016 in the region in December 2017, a 17.6 percent increase from the 1,714 sales recorded in December 2016 and a 27.9 percent decrease compared to November 2017 when 2,795 homes sold.

Last month’s sales were 7.5 percent above the 10-year sales average for the month.

“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Oudil said. “Only time will tell what impact these rules will have on the market.

“Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation,” Oudil said.

There were 1,891 residential homes newly listed for sale in December 2017. This represents a 44.1 percent increase compared to the 1,312 homes listed in December 2016 and a 54 percent decrease compared to November 2017 when 4,109 properties were listed.

The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 6,958, a 9.7 percent increase compared to December 2016 (6,345) and a 20.5 percent decrease compared to November 2017 (8,747).

The sales-to-active listings ratio for December 2017 is 29 percent. By property type, the ratio is 14.4 percent for detached homes, 38.8 percent for townhomes, and 59.6 per cent forcondominiums.

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.

Sales of detached properties in December 2017 reached 617, a 14 percent increase from the 541 detached sales recorded in December 2016. The benchmark price for a detached home in the region is $1,605,800. This represents a 7.9 percent increase compared to December 2016.

Sales of apartment homes reached 1,028 in December 2017, a 12.3 percent increase compared to the 915 sales in December 2016.The benchmark price of an apartment in the region is $655,400. This represents a 25.9 percent increase compared to December 2016.

Attached (or townhome) property sales in December 2017 totalled 371, a 43.8 percent increase compared to the 258 sales in December 2016. The benchmark price of an attached home in the region is $803,700. This represents an 18.5 percent increase compared to December 2016.

 

 

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I have listed a new property at 3123 16TH AVE W in Vancouver.
A great place to build your new home on the Westside. This is a 33’ x 122’ RS-5 zoned lot in Upper Kitsilano. There is a direct bus to the University of British Columbia. Public and Private Schools are nearby with easy access. The public library and Kitsilano 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. YOU'LL LOVE IT!
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I have sold a property at 410 1133 HOMER ST in Vancouver.
This is a great one bedroom and den, corner unit at H+H in the heart of Yaletown. Close to world class shopping, restaurants and fun. Open and bright with floor to ceiling windows overlooking an urban streetscape and your own private covered balcony. Chef's kitchen with Viking professional range, granite countertops, tile and laminate flooring. Five piece bathroom with double sinks. Work from home in the office and walk to everything Downtown, The Seawall, and Skytrain. YOU'LL LOVE IT!
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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, December 10, 2017 12:00PM - 1:00PM
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
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I have listed a new property at 410 1133 HOMER ST in Vancouver.
This is a great one bedroom and den, corner unit at H+H in the heart of Yaletown. Close to world class shopping, restaurants and fun. Open and bright with floor to ceiling windows overlooking an urban streetscape and your own private covered balcony. Chef's kitchen with Five burner Viking range, granite countertops, tile and laminate flooring. Five piece bathroom with double sinks. Work from home in the office and walk to everything Downtown, The Seawall, and Skytrain. YOU'LL LOVE IT!
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Please visit our Open House at 410 1133 HOMER ST in Vancouver.
Open House on Sunday, December 10, 2017 2:00PM - 4:00PM
This is a great one bedroom and den, corner unit at H+H in the heart of Yaletown. Close to world class shopping, restaurants and fun. Open and bright with floor to ceiling windows overlooking an urban streetscape and your own private covered balcony. Chef's kitchen with Five burner Viking range, granite countertops, tile and laminate flooring. Five piece bathroom with double sinks. Work from home in the office and walk to everything Downtown, The Seawall, and Skytrain. YOU'LL LOVE IT!
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VANCOUVER, BC – December 4, 2017 – Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 percent increase from the 2,214 sales recorded in November 2016, and a 7.5 percent decrease compared to October 2017 when 3,022 homes sold.

Last month’s sales were 17 percent above the 10-year November sales average.

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 percent increase compared to the 3,147 homes listed in November 2016 and a 9.5 percent decrease compared to October 2017 when 4,539 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 percent increase compared to November 2016 (8,385) and a 4.3 percent decrease compared to October 2017 (9,137).

“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.

The sales-to-active listings ratio for November 2017 is 32 percent, which is up three percent since September 2017. By property type, the ratio is 15.9 percent for detached homes (up one percent since September 2017), 36.4 percent for townhomes (down six percent since September 2017), and 67.8 percent for condominiums (up seven percent since September 2017).

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 pecent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 percent increase over November 2016 and a 0.4 percent increase compared to October 2017.

Sales of detached properties in November 2017 reached 841, a 31.8 percent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 percent increase from November 2016 and a 0.1 percent decrease compared to October 2017.

Sales of apartment properties reached 1,508 in November 2017, a 25.7 percent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 percent increase from November 2016 and a one percent increase compared to October 2017.

Attached property sales in November 2017 totalled 446, an 18.6 percent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 percent increase from November 2016 and a 0.3 percent increase compared to October 2017.

 

 

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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, December 3, 2017 12:00PM - 1:00PM
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
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I have listed a new property at 2 61 23RD AVE E in Vancouver.
MAIN STREET TOWNHOME! This is a large, two bedroom, two bath unit in a boutique development West of Main. It has it's own front door and a single car garage space. The rooms are large and open with Living, Formal Dining, and a large Kitchen with Eating Area. There is a two piece bath and a full size washer and dryer. Upstairs are two bedrooms and a four piece bath, semi ensuite to the Master Bedroom. A landing at the top of the stairs is a cozy spot for a reading chair or home office space. Original, well kept condition with lots of light and open outlooks. There are two balconies and ample storage. You can walk to the shops and restaurants of Main Street, enjoy the wonderful community of the area, a tree lined street and Riley Park. YOU'LL LOVE IT!
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Please visit our Open House at 2 61 23RD AVE E in Vancouver.
Open House on Sunday, December 3, 2017 2:00PM - 4:00PM
MAIN STREET TOWNHOME! This is a large, two bedroom, two bath unit in a boutique development West of Main. It has it's own front door and a single car garage space. The rooms are large and open with Living, Formal Dining, and a large Kitchen with Eating Area. There is a two piece bath and a full size washer and dryer. Upstairs are two bedrooms and a four piece bath, semi ensuite to the Master Bedroom. A landing at the top of the stairs is a cozy spot for a reading chair or home office space. Original, well kept condition with lots of light and open outlooks. There are two balconies and ample storage. You can walk to the shops and restaurants of Main Street, enjoy the wonderful community of the area, a tree lined street and Riley Park. YOU'LL LOVE IT!
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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, November 12, 2017 2:00PM - 4:00PM
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
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I have sold a property at 2001 1008 CAMBIE ST in Vancouver.
RARELY AVAILABLE SUPER BRIGHT UPPER FLOOR ONE BEDROOM AND DEN PLUS STORAGE ROOM IN SOUGHT AFTER YALETOWN COMPLEX WITH AMAZING AMENITIES. THIS NW CORNER HOME AFFORDS BIRD'S EYE VIEWS OVER THE CITY OFFERS SPACE TO SHARE OR RENT OR TO ACCOMMODATE WORK AT HOME OR GROWING FAMILY. FEATURING NEW FULL SIZE STAINLESS KITCHEN APPLIANCES, FRESH PAINT, IN SUITE LAUNDRY, GREAT STORAGE, LAMINATE FLOORS AND MORE YOU NEED TO GET TO THE OPENS TO VIEW FRI 1030-1230 OR SAT/SUN 2-4. PARKING IS INCLUDED. WELL MAINTAINED AND FINANCIALLY SOUND STRATA ALLOWS PETS AND RENTALS WITH RESORT STYLE AMENITIES, EFFICIENT HOT WATER HEAT, CONCIERGE AND SECURITY SERVICES. WELCOME HOME!
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VANCOUVER, BC – November 2, 2017 – Metro Vancouver* home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,022 in October 2017, a 35.3 percent increase from the 2,233 sales recorded in October 2016, and an increase of 7.1 percent compared to September 2017 when 2,821 homes sold.

Last month’s sales were 15 percent above the 10-year October sales average.

"Conditions continue to vary significantly based on property type. The detached home market is well supplied with homes for sale, which is relieving pressure on prices," Jill Oudil, REBGV president said. "It remains a much different story in the townhouse and apartment markets. Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices."

There were 4,539 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2017. This represents a 14 percent increase compared to the 3,981 homes listed in October 2016 and a 15.6 percent decrease compared to September 2017 when 5,375 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,137, a 0.1 percent decrease compared to October 2016 (9,143) and a 3.5 percent decrease compared to September 2017 (9,466).

For all property types, the sales-to-active listings ratio for October 2017 is 33.1 percent. By property type, the ratio is 16.8 percent for detached homes, 44.8 per cent for townhomes, and 66 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 growth in our provincial economy and job market is contributing to today's demand," Oudil said. "The federal government's announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term. Many buyers are trying to enter the market before the changes are in place."

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,300. This represents a 12.4 percent increase over October 2016 and a 0.5 percent increase compared to September 2017.

Sales of detached properties in October 2017 reached 940, a 44.2 percent increase from the 652 detached sales recorded in October 2016 and a 34.6 percent decrease from the 1,437 sales in October 2015. The benchmark price for detached properties is $1,609,600. This represents a four percent increase from October 2016 and a 0.5 percent decrease compared to September 2017.

Sales of apartment properties reached 1,532 in October 2017, a 30.1 percent increase compared to the 1,178 sales in October 2016 and a 0.7 percent decrease from the 1,543 sales in October 2015. The benchmark price of an apartment property is $642,000. This represents a 22.7 percent increase from October 2016 and a one percent increase compared to September 2017.

Attached property sales in October 2017 totalled 550, a 36.5 percent increase compared to the 403 sales in October 2016 and a 17.4 percent decrease from the 666 sales in October 2015. The benchmark price of an attached unit is $802,400. This represents a 17.7 percent increase from October 2016 and a two percent increase compared to September 2017.

 

 

Download The Full Market Report Here

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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, November 5, 2017 1:00PM - 2:30PM
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
Read Full Story

I have listed a new property at 3530 33RD AVE W in Vancouver.
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
Read Full Story
Jeff Benna

 


 

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