Jeff Benna

I have listed a new property at 204 1010 BURNABY ST in Vancouver.
THE ELLINGTON! Fully Rainscreened in 2017. This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
Read full post

Please visit our Open House at 204 1010 BURNABY ST in Vancouver.
Open House on Thursday, April 19, 2018 6:00PM - 7:00PM
THE ELLINGTON! Fully Rainscreened in 2017. This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
Read full post

Please visit our Open House at 204 1010 BURNABY ST in Vancouver.
Open House on Sunday, April 22, 2018 2:00PM - 4:00PM
THE ELLINGTON! Fully Rainscreened in 2017. This is a spacious, two bedroom, two bath, second floor, Northwest corner suite with a covered patio. Lots to do in this well run building. Social, Music and Recreation Rooms. Guest Suite, Caretaker, Swimming Pool and Exercise centre. Walking distance to World Famous Stanley Park, beaches, the Seawall, Davie Village and Downtown. Everything you need, Restaurants and Shopping are right outside your door. Maintenance includes heat and hot water. The suite is clean and in original condition, ready for your renovation and decorating ideas. Large, Bright, and in the Heart of Vancouver. YOU’LL LOVE IT!
Read full post

Please visit our Open House at 1867 11TH AVE W in Vancouver.
Open House on Saturday, April 7, 2018 2:00PM - 4:00PM
LOWER SHAUGHNESSY TOWNHOME. Three level townhouse with amazing, entertainment sized and sundrenched, rooftop deck. Upstairs is a big, bright, family room that makes an amazing home office. Hardwood floors, double height vaulted ceilings, and wood burning fireplace. Updated kitchen with quartz counter tops and stainless steel appliances. The main floor has lots of light and an open feeling. Reverse plan with large master suite, including walk through closet and second bedroom down. French doors lead to a private South facing patio providing ample outdoor space. Single car garage, lots of storage space in a boutique four unit complex on a quiet tree lined street in the heart of the Westside. Easy access to parks, shopping, schools, the beach, Granville Island and Downtown. YOU'LL LOVE IT!
Read full post

Please visit our Open House at 1867 11TH AVE W in Vancouver.
Open House on Sunday, April 8, 2018 2:00PM - 4:00PM
LOWER SHAUGHNESSY TOWNHOME. Three level townhouse with amazing, entertainment sized and sundrenched, rooftop deck. Upstairs is a big, bright, family room that makes an amazing home office. Hardwood floors, double height vaulted ceilings, and wood burning fireplace. Updated kitchen with quartz counter tops and stainless steel appliances. The main floor has lots of light and an open feeling. Reverse plan with large master suite, including walk through closet and second bedroom down. French doors lead to a private South facing patio providing ample outdoor space. Single car garage, lots of storage space in a boutique four unit complex on a quiet tree lined street in the heart of the Westside. Easy access to parks, shopping, schools, the beach, Granville Island and Downtown. YOU'LL LOVE IT!
Read full post

VANCOUVER, BC – April 4, 2018 – Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter of 2018.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 percent decrease from the 3,579 sales recorded in March 2017, and a 14 percent increase compared to February 2018 when 2,207 homes sold.

Last month’s sales were 23 percent below the 10-year March sales average.

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 percent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 percent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 percent increase compared to February 2018 when 4,223 homes were listed.

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 percent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 percent increase compared to March 2017 (7,586) and a 7.1 percent increase compared to February 2018 (7,822).

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

For all property types, the sales-to-active listings ratio for March 2018 is 30 percent. By property type, the ratio is 14.2 percent for detached homes, 39.9 percent for townhomes, and 61.6 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 MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 16.1 percent increase over March 2017 and a 1.1 percent increase compared to February 2018.

Sales of detached properties in March 2018 reached 722, a decrease of 37 percent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 percent increase from March 2017 and a 0.4 percent increase compared to February 2018.

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 percent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 percent increase from March 2017 and a 1.6 percent increase compared to February 2018.

Attached property sales in March 2018 totalled 446, a decrease of 24.1 percent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 percent increase from March 2017 and a two percent increase compared to February 2018.

 

 

Dowload The Full Market Report Here

Read full post
Jeff Benna

 


 

 for service in mandarin or cantonese  |     604.880.8727

 


 

RE/MAX Real Estate Services

each office independently owned & operated.

 

410-650 W 41st Avenue, North Tower, Vancouver, BC  V5Z 2M9