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The Thornton Group has just listed ANOTHER home in North Coquitlam, Coquitlam

The Thornton Group has just listed ANOTHER new property at 703 2979 GLEN DR in Coquitlam.
Welcome to the ALTAMONTE at Westwood Village, built by Bosa. This well designed central located Downtown-style living Condo is in the heart of all the action. This spacious 1 bdrm suite has a Gourmet kitchen with granite counter tops, Gas Stove and stainless steel appliances, wood-grain cabinetry, high end flooring and a Cozy fireplace. A large balcony with views of the Mountains. Upgrades that set this home apart are, walk through California closet $5000 extra storage cabinets, built in desk with quartz counter, custom built pantry cabinet with roll out shelves. Plus, Smart home features for lights & locks. You will not be disappointed on this; you have everything at your doorstep, with great Restaurants, Coquitlam Center, Shopping and the Sky Train close by. You won't be disappointed.
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Open House Open House on Saturday, January 14, 2023 2:00PM - 4:00PM

Please visit our Open House at 703 2979 GLEN DR in Coquitlam.
Open House on Saturday, January 14, 2023 2:00PM - 4:00PM
Welcome to the ALTAMONTE at Westwood Village, built by Bosa. This well designed central located Downtown-style living Condo is in the heart of all the action. This spacious 1 bdrm suite has a Gourmet kitchen with granite counter tops, Gas Stove and stainless steel appliances, wood-grain cabinetry, high end flooring and a Cozy fireplace. A large balcony with views of the Mountains. Upgrades that set this home apart are, walk through California closet $5000 extra storage cabinets, built in desk with quartz counter, custom built pantry cabinet with roll out shelves. Plus, Smart home features for lights & locks. You will not be disappointed on this; you have everything at your doorstep, with great Restaurants, Coquitlam Center, Shopping and the Sky Train close by. You won't be disappointed.
 
 
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
Read

Open House Open House on Sunday, January 15, 2023 2:00PM - 4:00PM

Please visit our Open House at 703 2979 GLEN DR in Coquitlam.
Open House on Sunday, January 15, 2023 2:00PM - 4:00PM
Welcome to the ALTAMONTE at Westwood Village, built by Bosa. This well designed central located Downtown-style living Condo is in the heart of all the action. This spacious 1 bdrm suite has a Gourmet kitchen with granite counter tops, Gas Stove and stainless steel appliances, wood-grain cabinetry, high end flooring and a Cozy fireplace. A large balcony with views of the Mountains. Upgrades that set this home apart are, walk through California closet $5000 extra storage cabinets, built in desk with quartz counter, custom built pantry cabinet with roll out shelves. Plus, Smart home features for lights & locks. You will not be disappointed on this; you have everything at your doorstep, with great Restaurants, Coquitlam Center, Shopping and the Sky Train close by. You won't be disappointed.
 
 
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has JUST SOLD ANOTHER property at 1 998 RIVERSIDE DR in Port Coquitlam

The Thornton Group has JUST SOLD ANOTHER property at 1 998 RIVERSIDE DR in Port Coquitlam.
Look No Further, Parkside Place corner end unit has become available! Large 2 Level 2100+ sqft home! Upstairs has 3 huge bright bedrooms & skylights! Walk into your Master bedroom through beautiful French doors that features a lovely gas fireplace & Large walk-in closet. Beautiful spa inspired 4pc ensuite with soaker tub. Laundry upstairs for your convenience. Main level has 9 feet soaring ceilings, Formal dining & living room, everyday family room with another gas fireplace! Chef inspired Kitchen with a Breakfast bar & eating area that leads to the beautiful Backyard with covered patio & gas hook up for the BBQ. Don’t miss the double car garage & 5 foot tall crawl space that is the entire size of the unit! NEW High E furnace & A/C.
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has JUST SOLD ANOTHER property at 288 MUNDY ST in Coquitlam

The Thornton Group has JUST SOLD ANOTHER property at 288 MUNDY ST in Coquitlam.
This is a must see large executive 6 bedroom, 4 bath home with lane access & detached double car garage with workshop, power, water & 220V for e-vehicle! Large living room, dining room & office on the main with beautiful open concept family room with soaring ceilings & cozy gas fireplace! Chef inspired kitchen with eating area, S/S Appliances, Gas stove, granite counters & a breakfast bar! Head outside to enjoy the big, private, fenced backyard with covered sundeck perfect for entertaining. Upstairs you will find 4 large bedrooms including a HUGE master bedroom with full 5 piece ensuite & huge walk in closet! Also with Fully finished basement! BONUSES: Additional parking for an RV or boat! Air Con/Heat Pump, close to shopping, restaurants, parks including Vancouver Golf Club!
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

VANCOUVER, BC – January 4, 2023 – After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes sold in 2020.

Last year’s sales total was 13.4 per cent below the 10-year sales average.

“The headline story in our market in 2022 was all about inflation and the Bank of Canada’s efforts to bring inflation back to target by rapidly raising the policy rate. This is a story we expect to continue to make headlines into 2023, as inflationary pressures remain persistent across Canada,” Andrew Lis, REBGV’s director, economics and data analytics said.

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 53,865 in 2022. This is a 13.5 per cent decrease compared to the 62,265 homes listed in 2021 and a 0.8 per cent decrease compared to the 54,305 homes listed in 2020.

Last year’s listings total was 3.2 per cent below the region’s 10-year average.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,384, a 41 per cent increase compared to December 2021 (5,236) and a 19.6 per cent decrease compared to November 2022 (9,179).

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,114,300. This represents a 3.3 per cent decrease over December 2021, a 1.5 per cent decrease compared to November 2022, and a 9.8 per cent decrease over the past six months.

“Closing out 2022, the data show that the Bank of Canada’s decisions to increase the policy rate at seven of the eight interest rate announcement dates in 2022 has translated into downward pressure on home sale activity and, to a lesser extent, home prices in Metro Vancouver,” Lis said. “While the consensus among many economists and forecasters suggests the Bank of Canada may be near the end of this tightening cycle, rates may remain elevated for longer than previously expected since the latest inflation figures aren’t showing signs of abating quickly.

We’ll watch the 2023 spring market closely to see if buyers and sellers have adjusted to the higher borrowing-costs and are participating more actively in the market than we have seen over the last 12 months.”

December 2022 summary

Residential home sales in the region totalled 1,295 in December 2022, a 51.8 per cent decrease from the 2,688 sales recorded in December 2021, and a 19.8 per cent decrease from the 1,614 homes sold in November 2022.

Last month’s sales were 37.7 per cent below the 10-year December sales average.

There were 1,206 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in December 2022. This represents a 38 per cent decrease compared to the 1,945 homes listed in December 2021 and a 60.5 per cent decrease compared to November 2022 when 3,055 homes were listed.

For all property types, the sales-to-active listings ratio for December 2022 is 17.5 per cent. By property type, the ratio is 12.3 per cent for detached homes, 19.5 per cent for townhomes, and 21.7 per cent for apartments.

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

Sales of detached homes in December 2022 reached 371, a 53.3 per cent decrease from the 794 detached sales recorded in December 2021. The benchmark price for a detached home is $1,823,300. This represents a 5.1 per cent decrease from December 2021, a 1.8 per cent decrease compared to November 2022, and an 11.4 per cent decrease over the past six months.

Sales of apartment homes reached 702 in December 2022, a 52 per cent decrease compared to the 1,464 sales in December 2021. The benchmark price of an apartment home is $713,700. This represents a 1.7 per cent increase from December 2021, a 0.9 per cent decrease compared to November 2022, and a 6.9 per cent decrease over the past six months.

Attached home sales in December 2022 totalled 222, a 48.4 per cent decrease compared to the 430 sales in December 2021. The benchmark price of an attached home is $1,012,700. This represents a 0.2 per cent decrease from December 2021, a 1.5 per cent decrease compared to November 2022, and a 9.2 per cent decrease over the past six months.

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*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

The Real Estate Board of Greater Vancouver is an association representing more than 14,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org. 

For more information please contact:

Craig Munn

V.P., Communication and Events

Real Estate Board of Greater Vancouver

604.730.3146

cmunn@rebgv.org

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Showing your Home on Short Notice

Unless you’re selling in a strong sellers’ market, you should take advantage of every opportunity to show your home. Say, for example, an interested buyer would like to see your property tomorrow evening. If you say no, they might see another listing in the meantime — and make an offer!

So, being prepared to show your home at the drop of a hat is important.

That doesn’t mean you should agree to be inconvenienced constantly. However, if you can put up with some disruptions in your plans now and then, you’ll increase your chances of selling your property.

Consider these tips:

  • Avoid restricting showings to a particular weekday, such as Monday evening and Saturday afternoon. What if an interested buyer isn’t available those days?
  • Try to keep your home clean and tidy. That way, you can accommodate a short-notice request to see your listing more easily. (Consider temporarily hiring a cleaner.)
  • Make a list of places you can take your family (including pets) on short notice. For example, a park or movie.
Want more tips for selling your home quickly and for top dollar? Call today.
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4 Ways to Find the Time to Sell your Home

 Are you thinking about selling your home this spring? If so, one factor that may be holding you back is time. You might be worried that you won’t find the time in your busy schedule to sell your property successfully.

If so, here are four strategies that will help:

1. Understand what needs to be done

Do you know what you’ll need to do to sell your home? Do you understand the steps involved? Do you have a clear idea of how long it will take to complete various tasks, like getting repairs done and doing some “staging”?

The more accurately you can anticipate your tasks and how long it will take to complete them, the better you’ll be able to plan and schedule.

2. Keep a “moving” calendar

It’s a known time management fact that using a calendar and blocking out time for tasks will ultimately save you time. So, use your calendar, or create a new one just for moving-related items. With an up-to-date calendar in place, you’ll always have a view of what needs to be done and how those tasks fit into your weekly schedule.

Maintaining a moving calendar also reduces stress.

3. Ask for advice

How should you stage your main floor? Should you make any home improvements? How should you prepare for a buyer coming to view your property?

You don’t need to guess or Google. Get professional advice. Doing so will expose you to the most current best practices and will save you time.

4. Hire help

You don’t need to do everything on your own. Instead, consider hiring professionals to do at least some of the work for you. For example, hire a painter, a lawn mowing service or a dog walker.

Hiring professionals during the selling period can save you countless hours. And, those costs may be offset by the sale of your home.
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The Thornton Group has JUST SOLD ANOTHER property at 622 DANSEY AVE in Coquitlam

The Thornton Group has JUST SOLD ANOTHER property at 622 DANSEY AVE in Coquitlam.
This lovely family home in Coquitlam West is located on a quiet no through Street. This coveted corner lot home has lane access & a Large Back-yard. The home features original hardwood floors throughout the entire Upstairs, nice dining area, bright Kitchen with eating area & attached to oversized sundeck perfect for entertaining! Cozy on up to 1 of the 2 wood burning fire places upstairs or down in either living room. The master bedroom is large & looks out to the beautiful tree lined back-yard. Downstairs is a great space with its own separate entrance. Welcome your in-laws or your older children into their own private space. Close to The Vancouver Golf Course, Lougheed Mall and loads of Shopping. Quick access to Hwy 1.
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has just listed ANOTHER home in Central Coquitlam, Coquitlam

The Thornton Group has just listed ANOTHER new property at 288 MUNDY ST in Coquitlam.
This is a must see large executive 6 bedroom, 4 bath home with lane access & detached double car garage with workshop, power, water & 220V for e-vehicle! Large living room, dining room & office on the main with beautiful open concept family room with soaring ceilings & cozy gas fireplace! Chef inspired kitchen with eating area, S/S Appliances, Gas stove, granite counters & a breakfast bar! Head outside to enjoy the big, private, fenced backyard with covered sundeck perfect for entertaining. Upstairs you will find 4 large bedrooms including a HUGE master bedroom with full 5 piece ensuite & huge walk in closet! Also with Fully finished basement! BONUSES: Additional parking for an RV or boat! Air Con/Heat Pump, close to shopping, restaurants, parks including Vancouver Golf Club!
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
Read

The Thornton Group has just listed ANOTHER home in Coquitlam West, Coquitlam

The Thornton Group has just listed ANOTHER new property at 622 DANSEY AVE in Coquitlam.
This lovely family home in Coquitlam West is located on a quiet no through Street. This coveted corner lot home has lane access & a Large Back-yard. The home features original hardwood floors throughout the entire Upstairs, nice dining area, bright Kitchen with eating area & attached to oversized sundeck perfect for entertaining! Cozy on up to 1 of the 2 wood burning fire places upstairs or down in either living room. The master bedroom is large & looks out to the beautiful tree lined back-yard. Downstairs is a great space with its own separate entrance. Welcome your in-laws or your older children into their own private space. Close to The Vancouver Golf Course, Lougheed Mall and loads of Shopping. Quick access to Hwy 1.*OPEN HOUSE SAT Dec 10 & SUN Dec 11 from 2-4pm*
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
Read

Open House Open House on Saturday, December 10, 2022 2:00PM - 4:00PM

Please visit our Open House at 622 DANSEY AVE in Coquitlam.
Open House on Saturday, December 10, 2022 2:00PM - 4:00PM
This lovely family home in Coquitlam West is located on a quiet no through Street. This coveted corner lot home has lane access & a Large Back-yard. The home features original hardwood floors throughout the entire Upstairs, nice dining area, bright Kitchen with eating area & attached to oversized sundeck perfect for entertaining! Cozy on up to 1 of the 2 wood burning fire places upstairs or down in either living room. The master bedroom is large & looks out to the beautiful tree lined back-yard. Downstairs is a great space with its own separate entrance. Welcome your in-laws or your older children into their own private space. Close to The Vancouver Golf Course, Lougheed Mall and loads of Shopping. Quick access to Hwy 1.*OPEN HOUSE SAT Dec 10 & SUN Dec 11 from 2-4pm*
 
 
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
Read
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.