Jeff Benna

I have listed a new property at 1204 821 CAMBIE ST in Vancouver.
RAFFLES on ROBSON! In the centre of it all. This is a big, two bedroom, two bath, designer decorated suite with separation for guests or sharing. Beautiful outlooks from every room. See The Library, Post Office and lights of BC place. There is a large open kitchen with top of the line stainless steel appliances. Wonderful for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Ample space to work from home in a bright corner office or bonus flex room. Big Storage in the suite. Great building with a fourth floor rooftop deck, gym and swirlpool. Awesome location minutes walk from Yaletown, The Seawall, Library, entertainment, restaurants and shopping. It's a perfect match for your downtown lifestyle. YOU'LL LOVE IT!
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Please visit our Open House at 1204 821 CAMBIE ST in Vancouver.
Open House on Sunday, November 19, 2017 2:00PM - 4:00PM
RAFFLES on ROBSON! In the centre of it all. This is a big, two bedroom, two bath, designer decorated suite with separation for guests or sharing. Beautiful outlooks from every room. See The Library, Post Office and lights of BC place. There is a large open kitchen with top of the line stainless steel appliances. Wonderful for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Ample space to work from home in a bright corner office or bonus flex room. Big Storage in the suite. Great building with a fourth floor rooftop deck, gym and swirlpool. Awesome location minutes walk from Yaletown, The Seawall, Library, entertainment, restaurants and shopping. It's a perfect match for your downtown lifestyle. 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!
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Jeff Benna

 


 

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