Jeff Benna
I have sold a property at 410 1133 HOMER ST in Vancouver.
This is a great one bedroom and den, corner unit at H+H in the heart of Yaletown. Close to world class shopping, restaurants and fun. Open and bright with floor to ceiling windows overlooking an urban streetscape and your own private covered balcony. Chef's kitchen with Viking professional range, granite countertops, tile and laminate flooring. Five piece bathroom with double sinks. Work from home in the office and walk to everything Downtown, The Seawall, and Skytrain. YOU'LL LOVE IT!
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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, December 10, 2017 12:00PM - 1:00PM
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 listed a new property at 410 1133 HOMER ST in Vancouver.
This is a great one bedroom and den, corner unit at H+H in the heart of Yaletown. Close to world class shopping, restaurants and fun. Open and bright with floor to ceiling windows overlooking an urban streetscape and your own private covered balcony. Chef's kitchen with Five burner Viking range, granite countertops, tile and laminate flooring. Five piece bathroom with double sinks. Work from home in the office and walk to everything Downtown, The Seawall, and Skytrain. YOU'LL LOVE IT!
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Please visit our Open House at 410 1133 HOMER ST in Vancouver.
Open House on Sunday, December 10, 2017 2:00PM - 4:00PM
This is a great one bedroom and den, corner unit at H+H in the heart of Yaletown. Close to world class shopping, restaurants and fun. Open and bright with floor to ceiling windows overlooking an urban streetscape and your own private covered balcony. Chef's kitchen with Five burner Viking range, granite countertops, tile and laminate flooring. Five piece bathroom with double sinks. Work from home in the office and walk to everything Downtown, The Seawall, and Skytrain. YOU'LL LOVE IT!
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VANCOUVER, BC – December 4, 2017 – Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 percent increase from the 2,214 sales recorded in November 2016, and a 7.5 percent decrease compared to October 2017 when 3,022 homes sold.

Last month’s sales were 17 percent above the 10-year November sales average.

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 percent increase compared to the 3,147 homes listed in November 2016 and a 9.5 percent decrease compared to October 2017 when 4,539 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 percent increase compared to November 2016 (8,385) and a 4.3 percent decrease compared to October 2017 (9,137).

“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.

The sales-to-active listings ratio for November 2017 is 32 percent, which is up three percent since September 2017. By property type, the ratio is 15.9 percent for detached homes (up one percent since September 2017), 36.4 percent for townhomes (down six percent since September 2017), and 67.8 percent for condominiums (up seven percent since September 2017).

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 pecent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 percent increase over November 2016 and a 0.4 percent increase compared to October 2017.

Sales of detached properties in November 2017 reached 841, a 31.8 percent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 percent increase from November 2016 and a 0.1 percent decrease compared to October 2017.

Sales of apartment properties reached 1,508 in November 2017, a 25.7 percent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 percent increase from November 2016 and a one percent increase compared to October 2017.

Attached property sales in November 2017 totalled 446, an 18.6 percent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 percent increase from November 2016 and a 0.3 percent increase compared to October 2017.

 

 

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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, December 3, 2017 12:00PM - 1:00PM
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 listed a new property at 2 61 23RD AVE E in Vancouver.
MAIN STREET TOWNHOME! This is a large, two bedroom, two bath unit in a boutique development West of Main. It has it's own front door and a single car garage space. The rooms are large and open with Living, Formal Dining, and a large Kitchen with Eating Area. There is a two piece bath and a full size washer and dryer. Upstairs are two bedrooms and a four piece bath, semi ensuite to the Master Bedroom. A landing at the top of the stairs is a cozy spot for a reading chair or home office space. Original, well kept condition with lots of light and open outlooks. There are two balconies and ample storage. You can walk to the shops and restaurants of Main Street, enjoy the wonderful community of the area, a tree lined street and Riley Park. YOU'LL LOVE IT!
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Please visit our Open House at 2 61 23RD AVE E in Vancouver.
Open House on Sunday, December 3, 2017 2:00PM - 4:00PM
MAIN STREET TOWNHOME! This is a large, two bedroom, two bath unit in a boutique development West of Main. It has it's own front door and a single car garage space. The rooms are large and open with Living, Formal Dining, and a large Kitchen with Eating Area. There is a two piece bath and a full size washer and dryer. Upstairs are two bedrooms and a four piece bath, semi ensuite to the Master Bedroom. A landing at the top of the stairs is a cozy spot for a reading chair or home office space. Original, well kept condition with lots of light and open outlooks. There are two balconies and ample storage. You can walk to the shops and restaurants of Main Street, enjoy the wonderful community of the area, a tree lined street and Riley Park. YOU'LL LOVE IT!
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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!
Read Full Story

I have listed a new property at 3530 33RD AVE W in Vancouver.
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!
Read Full Story
Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, October 29, 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 2903 108 CORDOVA ST W in Vancouver.
Wake up in the clouds with PANORAMIC VIEWS of ocean, mountain and city! This one of a kind sub-penthouse is designed by renowned architect Gregory Henrique and built by Canada's leading luxury real estate developer, Westbank. Features include A/C, 4 piece spa bathroom, European appliances/ Eggersman cabinets, custom engineered hardwood floors, extra high ceilings, 24hr concierge, world-class amenities and 1 parking stall. Recent upgrades: Marble back-splash, quartz counter-tops, custom closets/mirrors and more. Don't miss out on a gorgeous and functional home that is an early investment opportunity in a rapidly developing neighbourhood. LOCATION LOCATION !! Rental income $35,000/year. Open House: Cancelled
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I have listed a new property at 3690 SELKIRK ST in Vancouver.
A GRAND FIRST SHAUGNESSY HOME. Great opportunity to own and renovate this precious Victorian styled architectural mansion in Vancouver's most exclusive and private area. On a huge lot, more than three quarters of an acre, this well maintained, Heritage "B" residence offers more than 7200 square feet of traditional and charming living space. Elegant millwork throughout. 6 bedrooms (easily converted to 8) 6 bathrooms and spacious principal rooms. A modern kitchen and deluxe laundry room updated a few years ago. There is an enormous fenced backyard for your exclusive entertainment - potential for swimming pool, tennis court, or your own private mini-golf. Renowned private schools: York House, Little Flower Academy and St George's nearby. Easy access to YVR, Downtown and South Granville shops.
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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.

 

 

Download The Full Market Report Here

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Jeff Benna

 


 

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