Jeff Benna
I have sold a property at 1705 188 ESPLANADE E in North Vancouver.
Spectacular unobstructed ocean & mountain views! Located in sought after quiet, professional "Esplanade at the Pier"! This unit features over 700 sq ft of spacious & convenient living & boasts air conditioning & concierge services. Offering an ideal floorplan with open living, dining & kitchen spaces spotlighting the gas stove, stainless steel appliances & granite countertops. Stay cozy with your fireplace & admire the grand stunning view from your outdoor deck. Enjoy having a den or flex space for home office. Positioned in the best part of Lonsdale with access to fantastic amenities at the Pinnacle Hotel right across the street. Steps to the Seabus, Lonsdale Quay, theatres, shops & wonderful restaurants. Great storage, secured parking, pets with restrictions & rentals ok.
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I have sold a property at 6975 MARGUERITE ST in Vancouver.
Style and sophistication are the cornerstones of this South Granville custom home. Completely renovated in 2014 with top of the line finishes throughout you'll be proud to call it your own. Large, private 66x144 ft lot. Beautifully landscaped. Inside is almost 7000 sq ft of luxury living. Bright open concept, with limestone floors, sunken living and intimate den. A dream kitchen with over sized island and the best appliances is a chef's delight. For en suite bedrooms up, including a master suite, spa-like retreat. An indoor pool that opens with a window wall to the south and sunny, west facing backyard. Steam room, billiards room with professional size table, media room with theater curtain. Inside and out built-in sound system, upgrade HVAC and roof. One of a kind. YOU'LL LOVE IT!
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VANCOUVER, BC – April 4, 2017 – A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.

Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 percent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 percent compared to February 2017 when 2,425 homes sold.

Last month’s sales were 7.9 percent above the 10-year sales average for the month.

“While demand in March was below the record high of last year, we saw demand increase month-to-month for condos and townhomes,” Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “Sellers still seem reluctant to put their homes on the market, making for stiff competition among home buyers.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,762 in March 2017. This represents a decrease of 24.1 percent compared to the 6,278 units listed in March 2016 and a 29.9 percent increase compared to February 2017 when 3,666 properties were listed.

This is the lowest number of new listings in March since 2009.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,586, a 3.1 percent increase compared to March 2016 (7,358) and a 0.1 percent decrease compared to February 2017 (7,594).

The sales-to-active listings ratio for March 2017 is 47.2 percent, a 15-point increase over February. 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.

“Home prices will likely continue to increase until we see more housing supply coming on to the market,” Oudil said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 0.8 percent decrease over the past six months and a 1.4 percent increase compared to February 2017.

Sales of detached properties in March 2017 reached 1,150, a decrease of 46.1 percent from the 2,135 detached sales recorded in March 2016. The benchmark price for detached properties is $1,489,400. This represents a 5.0 percent decrease over the past six months and a one percent increase compared to February 2017.

Sales of apartment properties reached 1,841 in March 2017, a decrease of 18.3 percent compared to the 2,252 sales in March 2016.The benchmark price of an apartment property is $537,400. This represents a 5.2 percent increase over the past six months and a 2.1 percent increase compared to February 2017.

Attached property sales in March 2017 totalled 588, a decrease of 25.2 percent compared to the 786 sales in March 2016. The benchmark price of an attached unit is $685,100. This represents a 1.3 percent increase over the past six months and a 1.4 percent increase compared to February 2017.

 

 

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Each year, the Real Estate Board of Greater Vancouver (REBGV) celebrates the achievements of its top-producing Realtors on the Mul-tiple Listing Service® (MLS®) with the Medallion Club and President’s Club awards.

 

The 2016 Medallion Club represents the top 10 per cent of the more than 13,500 members partici-pating on the MLS® in the region. The President’s Club represents the top one per cent.

 

The idea of a “multiple list-ing service” was born from the need to create an infrastructure through which Realtors could compete and cooperate at the same time. It’s variously been called a “listing exchange,” “cooperative listing service” and today’s “MLS®.”

 

The MLS® today is a sign of quality. Home listing information originating from the MLS® is the most reliable and compre-hensive source of real estate in-formation in Canada.

 

The Real Estate Board of Greater Vancouver is proud to also recognize one of its newest Life Member of the Medallion Club, Jeff Benna. Life membership is earned by Realtors who achieve Medallion Club status for 20 years. Jeff Benna earned Life Member status in 2016.

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I have sold a property at 1070-80 15TH AVE W in Vancouver.
CHARACTER SIDE BY SIDE DUPLEX on a quiet, tree lined street. This renovated home with Mission Style architectural features has four units. There are two, three bedroom, two bath units on two levels and each side has a one bedroom, one bath, garden apartment below. The upper units are fully renovated. There are beautiful hardwood floors, spacious, bright rooms, and updated kitchens and baths. Newer roof, updated windows and mechanicals for modern comfort. This is an ideal property for a shared purchase, providing accommodation for extended family, selling the big home to downsize with extra income or as an investment with friendly stable tenants. Great location with easy access to everything the Westside has to offer. YOU'LL LOVE IT!
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I have sold a property at 305 298 11TH AVE E in Vancouver.
THE SOPHIA! This is a great one bedroom and den in the heart of South Main. It's big, bright and spacious with high ceilings, a big balcony, an electric fireplace and loads of in-suite storage. Open plan living, dining and kitchen with island, granite countertops, tile backsplash and stainless steel appliances. A semi-ensuite bath with soaker tub make this a perfect personal Oasis. Great building with playground, rooftop deck and garden plus a common room perfect for parties and functions. Restaurants, coffee shops, shopping, recreation and culture all right outside your front door. One parking stall. Freshly painted and renovated with new lights and carpet. This suite shows great. YOU'LL LOVE IT!
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VANCOUVER, BC – March 2, 2017 – Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 percent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 percent compared to January 2017 when 1,523 homes sold.

Last month’s sales were 7.7 percent below the 10-year February sales average.

“February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Limited supply and snowy weather were two factors hampering this activity.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 percent decrease compared to the 5,812 units listed in February 2016 and an 11.4 percent decrease compared to January 2017 when 4,140 properties were listed.

This is the lowest number of new listings registered in February since 2003.

The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 percent increase compared to January 2017 (7,238).

The region’s sales-to-active listings ratio for February 2017 is 31.9 percent, a 10-point increase from January. 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.

“While home sales are not happening at the pace we experienced last year, home seller supply isstill struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 percent decrease over the past six months and a 1.2 percent increase compared to January 2017.

Sales of detached properties in February 2017 reached 745, a decrease of 58.1 percent from the 1,778 detached sales recorded in February 2016. The benchmark price for detached properties is $1,474,200. This represents a 6.5 percent decrease over the past six months and is unchanged compared to January 2017.

Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 percent compared to the 1,790 sales in February 2016.The benchmark price of an apartment property is $526,300. This represents a 2.3 percent increase over the past six months and a 2.7 percent increase compared to January 2017.

Attached property sales in February 2017 totalled 404, a decrease of 33.1 percent compared to the 604 sales in February 2016. The benchmark price of an attached unit is $675,500. This represents a 0.3 percent decrease over the past six months and a 1.3 percent increase compared to January 2017.

 

 

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I have listed a new property at 1058 13TH AVE E in Vancouver.
MOUNT PLEASANT 33X132 RT-5 LOT with FOUR SUITE HOUSE. This is an excellent opportunity for builders, renovators and investors to acquire a home on a quiet, family oriented street in the heart of Vancouver. The original home was built in 1912 and renovated over the years. Currently it has two legal dwelling units with two additional garden suites. There is a top floor, two bedroom with a four piece bath. The Main has two bedrooms + den and a four piece bath. Downstairs are a one bedroom unit with four piece and one bedroom with three piece bath. The house is in an advanced state of deferred maintenance and in need of extensive renovation. The lot has a South backyard with a single garage. YOU’LL LOVE IT!
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I have listed a new property at 1058 13TH AVE E in Vancouver.
MOUNT PLEASANT 33X132 RT-5 LOT with FOUR SUITE HOUSE. This is an excellent opportunity for builders, renovators and investors to acquire a home on a quiet, family oriented street in the heart of Vancouver. The original home was built in 1912 and renovated over the years. Currently it has two legal dwelling units with two additional garden suites. There is a top floor, two bedroom with a four piece bath. The Main has two bedrooms + den and a four piece bath. Downstairs are a one bedroom unit with four piece and one bedroom with three piece bath. The house is in an advanced state of deferred maintenance and in need of extensive renovation. The lot has a South backyard with a single garage. YOU’LL LOVE IT!
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Please visit our Open House at 1058 13TH AVE E in Vancouver.
Open House on Sunday, March 5, 2017 2:00PM - 4:00PM
MOUNT PLEASANT 33X132 RT-5 LOT with FOUR SUITE HOUSE. This is an excellent opportunity for builders, renovators and investors to acquire a home on a quiet, family oriented street in the heart of Vancouver. The original home was built in 1912 and renovated over the years. Currently it has two legal dwelling units with two additional garden suites. There is a top floor, two bedroom with a four piece bath. The Main has two bedrooms + den and a four piece bath. Downstairs are a one bedroom unit with four piece and one bedroom with three piece bath. The house is in an advanced state of deferred maintenance and in need of extensive renovation. The lot has a South backyard with a single garage. YOU’LL LOVE IT!
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I have sold a property at 1507 1068 BROADWAY W in Vancouver.
Sub-penthouse view home with sweeping views of English Bay, City, and Mountains! This 2 bedroom 2 bathroom home occupies the North East corner of the 15th floor, enjoy the patio offering unparalleled views for relaxing or entertaining on. Welcome to an meticulously laid out home with the 2 bedrooms nestled on opposite corners, a well appointed kitchen with a stainless steel appliance package; floor to ceiling windows in the living room to enjoy the city lights; A small dedicated office in the enclosed balcony and sizable insuite storage. The Fairview location is steps to amenities and services and a few blocks to the seawall Granville St. and Cambie St. entertainment hubs. 98 Walkscore. 2 parking and storage locker.
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I have listed a new property at 305 298 11TH AVE E in Vancouver.
THE SOPHIA! This is a great one bedroom and den in the heart of South Main. It's big, bright and spacious with high ceilings, a big balcony, an electric fireplace and loads of in-suite storage. Open plan living, dining and kitchen with island, granite countertops, tile backsplash and stainless steel appliances. A semi-ensuite bath with soaker tub make this a perfect personal Oasis. Great building with playground, rooftop deck and garden plus a common room perfect for parties and functions. Restaurants, coffee shops, shopping, recreation and culture all right outside your front door. One parking stall. Freshly painted and renovated with new lights and carpet. This suite shows great. YOU'LL LOVE IT!
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Please visit our Open House at 305 298 11TH AVE E in Vancouver.
Open House on Thursday, February 16, 2017 6:00PM - 7:00PM
THE SOPHIA! This is a great one bedroom and den in the heart of South Main. It's big, bright and spacious with high ceilings, a big balcony, an electric fireplace and loads of in-suite storage. Open plan living, dining and kitchen with island, granite countertops, tile backsplash and stainless steel appliances. A semi-ensuite bath with soaker tub make this a perfect personal Oasis. Great building with playground, rooftop deck and garden plus a common room perfect for parties and functions. Restaurants, coffee shops, shopping, recreation and culture all right outside your front door. One parking stall. Freshly painted and renovated with new lights and carpet. This suite shows great. YOU'LL LOVE IT!
Read Full Story
Please visit our Open House at 305 298 11TH AVE E in Vancouver.
Open House on Sunday, February 19, 2017 2:00PM - 4:00PM
THE SOPHIA! This is a great one bedroom and den in the heart of South Main. It's big, bright and spacious with high ceilings, a big balcony, an electric fireplace and loads of in-suite storage. Open plan living, dining and kitchen with island, granite countertops, tile backsplash and stainless steel appliances. A semi-ensuite bath with soaker tub make this a perfect personal Oasis. Great building with playground, rooftop deck and garden plus a common room perfect for parties and functions. Restaurants, coffee shops, shopping, recreation and culture all right outside your front door. One parking stall. Freshly painted and renovated with new lights and carpet. This suite shows great. YOU'LL LOVE IT!
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Please visit our Open House at 1070-80 15TH AVE W in Vancouver.
Open House on Sunday, February 12, 2017 2:00PM - 2:45PM BY APPOINTMENT 2:00-2:45 Please contact us to register 604-868-1651 or jeff@jeffbenna.com
CHARACTER SIDE BY SIDE DUPLEX on a quiet, tree lined street. This renovated home with Mission Style architectural features has four units. There are two, three bedroom, two bath units on two levels and each side has a one bedroom, one bath, garden apartment below. The upper units are fully renovated. There are beautiful hardwood floors, spacious, bright rooms, and updated kitchens and baths. Newer roof, updated windows and mechanicals for modern comfort. This is an ideal property for a shared purchase, providing accommodation for extended family or selling the big home to downsize with extra income. Great location with easy access to everything the Westside has to offer. YOU'LL LOVE IT!
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VANCOUVER, BC – February 2, 2017 – Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 percent decrease from the 2,519 sales recorded in January 2016 and an 11.1 percent decrease compared to December 2016 when 1,714 homes sold.

Last month’s sales were 10.3 per cent below our 10-year January sales average.

“From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “While we saw near record-breaking sales at this time last year, home buyers and sellers are more reluctant to engage so far in 2017.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,140 in January 2017. This represents a 6.8 percent decrease compared to the 4,442 homes listed in January 2016 and a 215.5 percent increase compared to December 2016 when 1,312 properties were listed.

The total number of homes currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,238, a 9.1 percent increase compared to January 2016 (6,635) and a 14.1 percent increase compared to December 2016 (6,345).

The sales-to-active listings ratio for January 2017 is 21 percent. This is the lowest the ratio has been in the region since January 2015. 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.

“Conditions within the market vary depending on property type. The townhome and condominium markets are more active than the detached market at the moment,” Morrison said. “As a result, detached home prices declined about 7 percent since peaking in July while townhome and condominium prices held steady over this period.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $896,000. This represents a 3.7 percent decline over the past six months and a 0.2 percent decrease compared to December 2016.

Sales of detached properties in January 2017 reached 444, a decrease of 57.6 percent from the 1,047 detached sales recorded in January 2016. The benchmark price for detached properties is $1,474,800. This represents a 6.6 percent decline over the last six months and a 0.6 percent decrease compared to December 2016.

Sales of apartment properties reached 825 in January 2017, a decrease of 24.7 percent compared to the 1,096 sales in January 2016.The benchmark price of an apartment property is $512,300. This represents a 0.3 percent increase over the last six months and a 0.4 percent increase compared to December 2016.

Attached property sales in January 2017 totalled 254, a decrease of 32.4 percent compared to the 376 sales in January 2016. The benchmark price of an attached unit is $666,500. This represents a 0.4 percent decline over the last six months and a 0.7 percent increase compared to December 2016.

 

 

Download The Full Market Report Here

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Please visit our Open House at 1070-80 15TH AVE W in Vancouver.
Open House on Sunday, January 29, 2017 2:00PM - 2:45PM BY APPOINTMENT 2:00-2:45 Please contact us to register 604-868-1651 or jeff@jeffbenna.com THANKS!
CHARACTER SIDE BY SIDE DUPLEX on a quiet, tree lined street. This renovated home with Mission Style architectural features has four units. There are two, three bedroom, two bath units on two levels and each side has a one bedroom, one bath, garden apartment below. The upper units are fully renovated. There are beautiful hardwood floors, spacious, bright rooms, and updated kitchens and baths. Newer roof, updated windows and mechanicals for modern comfort. This is an ideal property for a shared purchase, providing accommodation for extended family or selling the big home to downsize with extra income. Great location with easy access to everything the Westside has to offer. YOU'LL LOVE IT!
Read Full Story

I have listed a new property at 1070-80 15TH AVE W in Vancouver.
CHARACTER SIDE BY SIDE DUPLEX on a quiet, tree lined street. This renovated home with Mission Style architectural features has four units. There are two, three bedroom, two bath units on two levels and each side has a one bedroom, one bath, garden apartment below. The upper units are fully renovated. There are beautiful hardwood floors, spacious, bright rooms, and updated kitchens and baths. Newer roof, updated windows and mechanicals for modern comfort. This is an ideal property for a shared purchase, providing accommodation for extended family or selling the big home to downsize with extra income. Great location with easy access to everything the Westside has to offer. YOU'LL LOVE IT!
Read Full Story

I have listed a new property at 6975 MARGUERITE ST in Vancouver.
Style and sophistication are the cornerstones of this South Granville custom home. Completely renovated in 2014 with top of the line finishes throughout you'll be proud to call it your own. Large, private 66x144 ft lot. Beautifully landscaped. Inside is almost 7000 sq ft of luxury living. Bright open concept, with limestone floors, sunken living and intimate den. A dream kitchen with over sized island and the best appliances is a chef's delight. For en suite bedrooms up, including a master suite, spa-like retreat. An indoor pool that opens with a window wall to the south and sunny, west facing backyard. Steam room, billiards room with professional size table, media room with theater curtain. Inside and out built-in sound system, upgrade HVAC and roof. One of a kind. YOU'LL LOVE IT!
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VANCOUVER, BC – January 4, 2017 – The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.

Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 percent decrease from the 42,326 sales recorded in 2015, and a 20.6 percent increase over the 33,116 residential sales in 2014.

“It was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.

“As prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. This led to multiple government interventions into the market. The long-term effects of these actions won’t be fully understood for some time.”

Residential properties listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 57,596 in 2016. This is an increase of 0.6 percent compared to the 57,249 properties listed in 2015 and a 2.6 percent increase compared to the 56,066 properties listed in 2014.

“The supply of homes for sale couldn't keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. It wasn’t until the last half of the year that prices began to show modest declines.”

The MLS® Home Price Index (HPI) composite benchmark price for all residential properties in Metro Vancouver ends the year at $897,600. This represents a 2.2 percent decrease over the past six months and a 17.8 percent increase compared to December 2015.

December summary

Residential property sales in the region totalled 1,714 in December 2016, a decrease of 39.4 percent from the 2,827 sales recorded in December 2015 and a decrease of 22.6 percent compared to November 2016 when 2,214 homes sold.

Last month’s sales were 8.1 percent below the 10-year sales average for the month.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 1,312 in December 2016. This represents a decrease of 35.1 percent compared to the 2,021 units listed in December 2015 and a 58.3 percent decrease compared to November 2016 when 3,147 properties were listed.

The total number of properties currently listed for sale on the MLS® in Metro Vancouver is 6,345, a 5.3 percent increase compared to December 2015 (6,024) and a 24.3 percent decrease compared to November 2016 (8,385).

Sales of detached properties in December 2016 reached 541, a decrease of 52.4 percent from the 1,136 detached sales recorded in December 2015. The benchmark price for detached properties is $1,483,500. This represents an 18.6 percent increase compared to December 2015 and a 1.8 percent decrease compared to November 2016.

Sales of apartment properties reached 915 in December 2016, a decrease of 25.3 percent compared to the 1,225 sales in December 2015.The benchmark price of an apartment property is $510,300. This represents a 17.3 percent increase compared to December 2015 and a 0.3 percent decrease compared to November 2016.

Attached property sales in December 2016 totalled 258, a decrease of 44.6 percent compared to the 466 sales in December 2015. The benchmark price of an attached unit is $661,800. This represents a 20.4 percent increase compared to December 2015 and a 0.8 percent decrease compared to November 2016.

 

 

Download The Full Market Report Here

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Jeff Benna

 


 

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