Jeff Benna
I have sold a property at 2918 13TH AVE W in Vancouver.
A wonderful family home on a beautiful tree-lined street in the heart of the community of Kitsilano. There is a large open plan kitchen for getting together. A Family room plus spacious living and dining gives lots of space to be comfortable. There are French doors off the kitchen that open onto the cedar deck overlooking the warm and sunny South backyard. Everybody gets their own room with four beds upstairs. There is a den on the main and a two bedroom suite down. Rich walnut hardwood floors, European mosaic tiles, granite counters and stainless appliances. Twelve foot ceilings up and nine foot ceiling on the main. Easy walk and bike to shopping, parks, schools and the community center. Two car garage. YOU'LL LOVE IT!
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VANCOUVER, BC – October 3, 2017 – Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales above the historical average in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 percent increase from the 2,253 sales recorded in September 2016, and a 7.3 percent decrease compared to August 2017 when 3,043 homes sold.

Last month’s sales were 13.1 percent above the 10-year September sales average.

“Our detached homes market is balanced today, while apartment and townhome sales remain in sellers' market territory,” Jill Oudil, REBGV president said. “If you’re looking to enter the market, as either a buyer or seller, it’s important to understand these trends and use this information to set realistic expectations.”

There were 5,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2017. This represents a 12 percent increase compared to the 4,799 homes listed in September 2016 and a 26.6 percent increase compared to August 2017 when 4,245 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,466, a 1.2 percent increase compared to September 2016 (9,354) and a 7.5 percent increase compared to August 2017 (8,807).

“Detached homes made up 30 percent of all sales in September and represented 62 percent of all the homes listed for sale on the MLS®,” said Oudil. “This dynamic has slowed the pace of upward pressure that we’ve seen on detached home prices in our market over the last few years.”

For all property types, the sales-to-active listings ratio for September 2017 is 29.8 percent. By property type, the ratio is 14.6 percent for detached homes, 42.3 percent for townhomes, and 60.4 percent for apartments.

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 MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,037,300. This represents a 10.9 percent increase over September 2016 and a 0.7 percent increase compared to August 2017.

Sales of detached properties in September 2017 reached 852, a 27.9 percent increase from the sales recorded in September 2016 (666), a decrease of 33 percent from September 2015 (1,272), and a decrease of 32.9 percent from September 2014 (1,270). The benchmark price for detached properties is $1,617,300. This represents a 2.9 percent increase from September 2016 and a 0.1 percent increase compared to August 2017.

Sales of apartment properties reached 1,451 in September 2017, a 19.1 percent increase compared from the sales recorded in September 2016 (1,218), a 5.1 percent decrease from September 2015 (1,529), and a 22.1 percent increase from September 2014 (1,188). The benchmark price of an apartment property is $635,800. This represents a 21.7 percent increase from September 2016 and a 1.4 percent increase compared to August 2017.

Attached property sales in September 2017 totalled 518, a 40.4 percent increase compared to the sales recorded in September 2016 (369), a 4.8 percent decrease from September 2015 (544), and an 11.6 percent increase from September 2014 (464). The benchmark price of an attached home is $786,600. This represents a 14.5 percent increase from September 2016 and a 1.1 percent increase compared to August 2017.

 

 

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I have listed a new property at 2918 13TH AVE W in Vancouver.
A wonderful family home on a beautiful tree-lined street in the heart of the community of Kitsilano. There is a large open plan kitchen for getting together. A Family room plus spacious living and dining gives lots of space to be comfortable. There are French doors off the kitchen that open onto the cedar deck overlooking the warm and sunny South backyard. Everybody gets their own room with four beds upstairs. There is a den on the main and a two bedroom suite down. Rich walnut hardwood floors, European mosaic tiles, granite counters and stainless appliances. Twelve foot ceilings up and nine foot ceiling on the main. Easy walk and bike to shopping, parks, schools and the community center. Two car garage. YOU'LL LOVE IT!
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VANCOUVER, BC – September 5, 2017 – Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 percent increase from the 2,489 sales recorded in August 2016, and a 2.8 percent increase compared to July 2017 when 2,960 homes sold.

Last month’s sales were 19.6 percent above the 10-year August sales average.

“First-time home buyers have led a surge this summer in demand in our condominium and townhome markets,” Jill Oudil, REBGV president said. “Homes priced between $350,000 and $750,000 have been subject to intense competition and multiple offers across the region.”

There were 4,245 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2017. This represents a 1.1 percent decrease compared to the 4,293 homes listed in August 2016 and a 19.2 percent decrease compared to July 2017 when 5,256 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,807, a 3.5 percent increase compared to August 2016 (8,506) and a 4.2 percent decrease compared to July 2017 (9,194).

For all property types, the sales-to-active listings ratio for August 2017 is 34.6 percent. By property type, the ratio is 16.3 percent for detached homes, 44.8 percent for townhomes, and 76.3 percent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.

“Conditions in our detached home market are distinct today from the dynamic in our condominium and townhome markets," Oudil said. "Detached homes have entered a balanced market. This means there's less upward pressure on prices and that buyers have more selection to choose from and more time to make their decisions."

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,029,700. This represents a 9.4 percent increase over August 2016 and a one percent increase compared to July 2017.

Sales of detached properties in August 2017 reached 901, a 26 percent increase from the 715 detached sales recorded in August 2016. The benchmark price for detached properties is $1,615,100. This represents a 2.2 percent increase from August 2016 and a 0.2 percent increase compared to July 2017.

Sales of apartment properties reached 1,613 in August 2017, a 20.1 percent increase compared to the 1,343 sales in August 2016. The benchmark price of an apartment property is $626,800. This represents a 19.4 percent increase from August 2016 and a 1.7 percent increase compared to July 2017.

Attached property sales in August 2017 totalled 529, a 22.7 percent increase compared to the 431 sales in August 2016. The benchmark price of an attached unit is $778,300. This represents a 12.8 percent increase from August 2016 and a 1.9 percent increase compared to July 2017.

 

 

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I have sold a property at 606 1425 ESQUIMALT AVE in West Vancouver.
RARE upper floor spacious one bedroom suite at desirable Oceanbrook. Bright open plan with treed and mountain view featuring gleaming wood floors, generous master bedroom, and living/dining area that opens onto the enclosed balcony. Perfect if you want a pied-a-terre or downsize to this ideally situated location within walking distance of the sea wall, beach, shops, rec centre, transportation. Well maintained building with caretaker, indoor+outdoor pools, hot tub, sauna, gym, party room, locker + parking. Low maintenance fee includes: heat, water, cable, laundry, recreation + taxes. Call now to be the first to view.
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I have sold a property at 103 2159 WALL ST in Vancouver.
Wall Court, Ground level 1 Bedroom condo with views of Burrard Inlet and Northshore Mountains. Updated engineered hardwood and tile flooring, updated kitchen and bathroom. Located within walking distance to transit, coffee shops, restaurants and local craft breweries. Includes storage locker, underground parking, and shared laundry, Open House Thursday August 10th, 6-7pm, Saturday/Sunday August 12th/13th 2-4pm. It's a winner!
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I have sold a property at 104 2234 1ST AVE W in Vancouver.
OCEAN VILLA. North of fourth. The Beach, Kits Pool, shopping, restaurants and where you want to be. This is a fully renovated two bedroom unit in a well run boutique building in the heart of the action. IN THE KITCHEN: Ceasar Stone Quartz countertops, Stainless Steel appliances, tile backsplash recessed LED lighting, Smoked Acacia German made HARO Laminate Flooring. IN THE BATH: Large format ceramic tile, floating vanity and modern light fixture. Totally and tastefulLy updated. Large master bedroom, your own private patio for morning coffee and afternoon relaxing. The building has a shared rooftop deck overlooking English Bay and the North Shore. YOU'LL LOVE IT!
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VANCOUVER, BC – August 2, 2017 – Home buyer activity returned to more typical summer levels in Metro Vancouver* last month.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold.


Last month’s sales were 0.7 per cent above the 10-year July sales average.


“Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” Jill Oudil, REBGV president said. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.”


There were 5,256 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2017. This represents a 0.3 per cent increase compared to the 5,241 homes listed in July 2016 and an 8.1 per cent decrease compared to June 2017 when 5,721 homes were listed.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,194, a 10.1 per cent increase compared to July 2016 (8,351) and an eight per cent increase compared to June 2017 (8,515).


“Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year,” Oudil, said.


For all property types, the sales-to-active listings ratio for July 2017 is 32.2 per cent. By property type, the ratio is 16.9 per cent for detached homes, 44.9 per cent for townhomes, and 62 per cent for condominiums.

 

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,019,400. This represents an 8.7 per cent increase over July 2016 and a 2.1 per cent increase compared to June 2017.


Sales of detached properties in July 2017 reached 949, a decrease of 11.9 per cent from the 1,077 detached sales recorded in July 2016. The benchmark price for detached properties is $1,612,400. This represents a 1.9 per cent increase from July 2016 and a 1.5 per cent increase compared to June 2017.

 

Sales of apartment properties reached 1,468 in July 2017, a decrease of 8.4 per cent compared to the 1,602 sales in July 2016. The benchmark price of an apartment property is $616,600. This represents an 18.5 per cent increase from July 2016 and a 2.7 per cent increase compared to June 2017.

 

Attached property sales in July 2017 totalled 543, a decrease of 0.7 per cent compared to the 547 sales in July 2016. The benchmark price of an attached unit is $763,700. This represents an 11.9 per cent increase from July 2016 and a 2.4 per cent increase compared to June 2017.

 

 

 

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Please visit our Open House at 104 2234 1ST AVE W in Vancouver.
Open House on Sunday, August 6, 2017 2:00PM - 4:00PM
OCEAN VILLA. North of fourth. The Beach, Kits Pool, shopping, restaurants and where you want to be. This is a fully renovated two bedroom unit in a well run boutique building in the heart of the action. IN THE KITCHEN: Ceasar Stone Quartz countertops, Stainless Steel appliances, tile backsplash recessed LED lighting, Smoked Acacia German made HARO Laminate Flooring. IN THE BATH: Large format ceramic tile, floating vanity and modern light fixture. Totally and tastefulLy updated. Large master bedroom, your own private patio for morning coffee and afternoon relaxing. The building has a shared rooftop deck overlooking English Bay and the North Shore. YOU'LL LOVE IT!
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I have sold a property at 1306 821 CAMBIE ST in Vancouver.
RAFFLES on ROBSON! In the centre of it all. This is a spacious two bedroom two bath unit with great separation of rooms for guests or sharing. There is a large open kitchen with top of the line stainless steel appliances. Perfect for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Lots of space to work from home in a bright corner office. Lots of Storage in the suite with an additional big flex room. 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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I have listed a new property at 104 2234 1ST AVE W in Vancouver.
OCEAN VILLA. North of fourth. The Beach, Kits Pool, shopping, restaurants and where you want to be. This is a fully renovated two bedroom unit in a well run boutique building in the heart of the action. IN THE KITCHEN: Ceasar Stone Quartz countertops, Stainless Steel appliances, tile backsplash recessed LED lighting, Smoked Acacia German made HARO Laminate Flooring. IN THE BATH: Large format ceramic tile, floating vanity and modern light fixture. Totally and tastefulLy updated. Large master bedroom, your own private patio for morning coffee and afternoon relaxing. The building has a shared rooftop deck overlooking English Bay and the North Shore. YOU'LL LOVE IT!
Read Full Story
Please visit our Open House at 104 2234 1ST AVE W in Vancouver.
Open House on Thursday, July 27, 2017 6:00PM - 7:00PM
OCEAN VILLA. North of fourth. The Beach, Kits Pool, shopping, restaurants and where you want to be. This is a fully renovated two bedroom unit in a well run boutique building in the heart of the action. IN THE KITCHEN: Ceasar Stone Quartz countertops, Stainless Steel appliances, tile backsplash recessed LED lighting, Smoked Acacia German made HARO Laminate Flooring. IN THE BATH: Large format ceramic tile, floating vanity and modern light fixture. Totally and tastefulLy updated. Large master bedroom, your own private patio for morning coffee and afternoon relaxing. The building has a shared rooftop deck overlooking English Bay and the North Shore. YOU'LL LOVE IT!
Read Full Story
Please visit our Open House at 104 2234 1ST AVE W in Vancouver.
Open House on Saturday, July 29, 2017 2:00PM - 4:00PM
OCEAN VILLA. North of fourth. The Beach, Kits Pool, shopping, restaurants and where you want to be. This is a fully renovated two bedroom unit in a well run boutique building in the heart of the action. IN THE KITCHEN: Ceasar Stone Quartz countertops, Stainless Steel appliances, tile backsplash recessed LED lighting, Smoked Acacia German made HARO Laminate Flooring. IN THE BATH: Large format ceramic tile, floating vanity and modern light fixture. Totally and tastefulLy updated. Large master bedroom, your own private patio for morning coffee and afternoon relaxing. The building has a shared rooftop deck overlooking English Bay and the North Shore. YOU'LL LOVE IT!
Read Full Story
Please visit our Open House at 1306 821 CAMBIE ST in Vancouver.
Open House on Sunday, July 23, 2017 12:00PM - 1:30PM
RAFFLES on ROBSON! In the centre of it all. This is a spacious two bedroom two bath unit with great separation of rooms for guests or sharing. There is a large open kitchen with top of the line stainless steel appliances. Perfect for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Lots of space to work from home in a bright corner office. Lots of Storage in the suite with an additional big flex room. 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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I have sold a property at 7 5885 Yew ST in Vancouver.
Amazing one suite per floor apartment in the Heart of Kerrisdale, Bing Thom designed building with Amazing views.
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Please visit our Open House at 1306 821 CAMBIE ST in Vancouver.
Open House on Thursday, July 13, 2017 7:00PM - 8:00PM
RAFFLES on ROBSON! In the centre of it all. This is a spacious two bedroom two bath unit with great separation of rooms for guests or sharing. There is a large open kitchen with top of the line stainless steel appliances. Perfect for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Lots of space to work from home in a bright corner office. Lots of Storage in the suite with an additional big flex room. 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!
Read Full Story
Please visit our Open House at 1306 821 CAMBIE ST in Vancouver.
Open House on Sunday, July 16, 2017 12:00PM - 2:00PM
RAFFLES on ROBSON! In the centre of it all. This is a spacious two bedroom two bath unit with great separation of rooms for guests or sharing. There is a large open kitchen with top of the line stainless steel appliances. Perfect for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Lots of space to work from home in a bright corner office. Lots of Storage in the suite with an additional big flex room. 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!
Read Full Story

I have listed a new property at 1306 821 CAMBIE ST in Vancouver.
RAFFLES on ROBSON! In the centre of it all. This is a spacious two bedroom two bath unit with great separation of rooms for guests or sharing. There is a large open kitchen with top of the line stainless steel appliances. Perfect for entertaining. Stone counters, rich floors and modern finishes. This is just the place you will want to call home. Lots of space to work from home in a bright corner office. Lots of Storage in the suite with an additional big flex room. 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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I have sold a property at 401 1967 BARCLAY ST in Vancouver.
THE PALASADES. West of Denman, one block from Stanley Park and a short stroll to English Bay. Smart studio layout in a freehold concrete building on a Gorgeous tree-lined street. Re-piped 2004. New elevator 2009. New roof 2015. Full exterior painting caulking and sealing 2016. This unit has hardwood parquet floors, big windows and a large balcony. Original condition makes the perfect opportunity to customize and design your own personal nest in the heart of the West End. Free Laundry. Parking available by wait list though strata $30-40/month. Pets OK. Rentals limited to 5. YOU'LL LOVE IT!
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I have sold a property at 857 45TH AVE E in Vancouver.
Super building lot or renovation project with a 33 acre backyard. This is a 61x66 foot, RS-1 zoned lot that backs right on to South Memorial Park. Very unique location to design and build your dream house or bring this charming three bedroom up, three level home, with generous rooms, back to it's original splendor. Gorgeous mature hedge for privacy. On the 45th AV bike route. Close to schools, shopping, and transportation. This is the opportunity you have been waiting for in the neighborhood you know. YOU’LL LOVE IT!
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Jeff Benna

 


 

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