Jeff Benna
Please visit our Open House at 708 2228 BROADWAY W in Vancouver.
Open House on Sunday, March 3, 2013 3:15 pm - 5:00 pm
"THE VINE" This is one of the best one bed + dens in the building. 7th floor overlooking the courtyard. Away from Broadway with views of the water, freighters mountains and over top of Kits. Super convenient to shopping, transportation,the best restaurants and recreation for your Westside lifestyle. Big open plan rooms, south west facing balcony, walnut engineered floors, Granite countertops, stainless steel appliances, kitchen island, insuite laundry and a large usable den space. Bright, Fun and in the heart of it all. YOU'LL LOVE IT!
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I have sold a property at 303 720 HAMILTON ST in New Westminster.
Fantastic price and location. "GENERATIONS" concrete highrise tower built by Embassy Dev (Bosa family) Only one personal has lived in this suite since new! UPTOWN New Westminster, close to parks and shops. Very spacious 2 bedroom 2 bath,with generous master bdrm. Popular open kitchen floor plan with granite breakfast bar and countertops. All principal rooms face West. Insuite laundry' insuite storage. Gas fireplace and large patio. Breakfast bar. Excellent amenities and proactive strata. Balance of 2-5-10 Home Warranty.
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Please visit our Open House at 708 2228 BROADWAY W in Vancouver.
Open House on Sunday, February 10, 2013 3:15 pm - 5:00 pm
"THE VINE" This is one of the best one bed + dens in the building. 7th floor overlooking the courtyard. Away from Broadway with views of the water, freighters mountains and over top of Kits. Super convenient to shopping, transportation,the best restaurants and recreation for your Westside lifestyle. Big open plan rooms, south west facing balcony, walnut engineered floors, Granite countertops, stainless steel appliances, kitchen island, insuite laundry and a large usable den space. Bright, Fun and in the heart of it all. YOU'LL LOVE IT!
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Eugen Klein, president, Real Estate Board of Greater Vancouver, discusses real estate market activity in the Greater Vancouver area.

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I have listed a new property at 3570 TRIUMPH ST in Vancouver.
"THE HEIGHTS" This is a picture perfect home. The main floor is open plan with two bedrooms, living and dining rooms plus an updated kitchen and bath. There are corner windows to make everything bright and a huge front room window,stainless steel appliances, LG fridge, KitchenAid stove, microwave range hood and Bosch dishwasher. Downstairs has high ceilings and could easily be converted to a nice suite or as more living space for upstairs. South exposed backyard, a NEW roof in 2011, and a NEW double garage. There is a Sunny solarium off the back of the house. Very quick to downtown and convenient to shopping, recreation and transportation. This is a great spot and a wonderful place to call your own. YOU'LL LOVE IT!
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Please visit our Open House at 3570 TRIUMPH ST in Vancouver.
Open House on Sunday, February 10, 2013 1:00 pm - 2:45 pm
"THE HEIGHTS" This is a picture perfect home. The main floor is open plan with two bedrooms, living and dining rooms plus an updated kitchen and bath. There are corner windows to make everything bright and a huge front room window,stainless steel appliances, LG fridge, KitchenAid stove, microwave range hood and Bosch dishwasher. Downstairs has high ceilings and could easily be converted to a nice suite or as more living space for upstairs. South exposed backyard, a NEW roof in 2011, and a NEW double garage. There is a Sunny solarium off the back of the house. Very quick to downtown and convenient to shopping, recreation and transportation. This is a great spot and a wonderful place to call your own. YOU'LL LOVE IT!
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VANCOUVER, B.C. – February 4, 2013 – Home buyer demand remains below historical
averages in the Greater Vancouver housing market. This has led some home sellers to remove
their homes from the market in recent months.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013.
This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012,
and an 18.3 per cent increase compared to the 1,142 sales in December 2012.

 

Last month’s sales were the second lowest January total in the region since 2001 and 18.7 per
cent below the 10-year sales average for the month.

 

“Home sale activity has been below historical averages in Greater Vancouver for about seven
months. This has caused a gradual decline in home prices of about 6 per cent since reaching a
peak last spring,” Klein said.

 

Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark
price for all residential properties in Greater Vancouver has declined 5.9 per cent to $588,100.
This represents a 2.8 per cent decline compared to this time last year.

 

“It appears many home sellers are opting to remove their homes from the market rather than
settle for a price they don’t want,” Eugen Klein, REBGV president said.

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,128
in January. This represents a 10.9 per cent decline compared to the 5,756 new listings reported in
January 2012. Last month’s new listing count was 18.9 per cent higher than the region’s 10-year
new listing average for the month.

 

The total number of properties currently listed for sale on the Greater Vancouver MLS® is
13,246, a 5.6 per cent increase compared to January 2012 and a 4.5 per cent decline compared to
December 2012. This is the fourth consecutive month that overall home listings have declined in
the region.

“When a home seller isn’t receiving the kind of offers they want, there comes a point when they
decide to either lower the price or remove the home from the market. Right now, it seems many
home sellers are opting for the latter,” Klein said.

 

With the sales-to-active-listings ratio at 10.2 per cent, the region remains in buyers’ market
territory. Since June, this ratio has ranged between 8 and 11 per cent.

 

Sales of detached properties in January 2013 reached 542, a decrease of 17.8 per cent from the
659 detached sales recorded in January 2012, and a 31.7 per cent decrease from the 793 units
sold in January 2011. The benchmark price for detached properties decreased 3.1 per cent from
January 2012 to $901,000. Since reaching a peak in May 2012, the benchmark price of a
detached property has declined 6.9 per cent.

 

Sales of apartment properties reached 576 in January 2013, a decline of 12.3 per cent compared
to the 657 sales in January 2012, and a decrease of 19.2 per cent compared to the 713 sales in
January 2011. The benchmark price of an apartment property decreased 2.9 per cent from
January 2012 to $358,400. Since reaching a peak in May 2012, the benchmark price of an
apartment property has declined 5.6 per cent.

 

Attached property sales in January 2013 totalled 233, a decline of 10.7 per cent compared to the
261 sales in January 2012, and a 25.6 per cent decrease from the 313 attached properties sold in
January 2011. The benchmark price of an attached unit decreased 1.7 per cent between January
2012 and 2013 to $449,900. Since reaching a peak in April 2012, the benchmark price of an
attached property has declined 7.7 per cent.

 

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Jeff Benna

 


 

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