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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Jeff Benna

 


 

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