Greg & Colin Thornton have just listed ANOTHER new property at 74 2865 GLEN DR in Coquitlam.
RANCHER (NO STAIRS) IN BOSTON MEADOWS! Ths GATED COMMUNITY is in PRIME LOCATION, STEPS FROM: Coquitlam Centre Mall, T&T Supermarket, Skytrain, & Transit, Coquitlam Aquatic Centre, Coquitlam Library, Lafarge Lake, doctor's offices, restaurants, groceries & more! With over 1500 square feet of ONE LEVEL LIVING SPACE, this home features large open living/dining area w/VAULTED CEILINGS. Large kitchen area has eating area + ADDITIONAL TV ROOM opening to FENCED YARD + PATIO. Master bedroom KING SIZE FRIENDLY & has personal ensuite. Other bedroom is great sized and has use of full bathroom. BONUSES INCLUDE: Double car garage, safe & secure development, storage shed in yard, no rentals allowed in development, pet friendly, front yard landscaping taken care of! Rarely available, call now!
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Greg & Colin Thornton have just listed ANOTHER new property at 114 19525 73 AVE in Surrey.
Bright & spacious large 3 bed, 3 bath home in the highly sought-after "Uptown" complex! This home has been updated with high end laminate flooring & pet friendly artificial turf in the backyard!! You will fall in love with this open concept townhome has a gourmet chefs inspired kitchen featuring all stainless steal appliances, stone counters & island/breakfast bar. Gorgeous built-in surrounding the fireplace in the family room & good size deck to enjoy your BBQs. Powder room on the main floor! Upstairs you will find laundry, master bedroom with lovely ensuite with walkin shower, 2 more good sized bedrooms and a 4 piece main bath. Top it off with a double tandem garage & access to your fully fenced & turfed yard. Complex has a Clubhouse, Exercise room, Guest Suite & Playground!
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Greg & Colin Thornton have just listed ANOTHER new property at 225 528 ROCHESTER AVE in Coquitlam.
CONCRETE CONSTRUCTION AT THE “AVE” BY QUALITY BUILDER AMACON! Well maintained 1 Bedroom + Den home in a well maintained quiet concrete building! This home features newer laminate flooring, nice open floor plan, gas fireplace, a large masterbedroom with double closets, sliding glass door to the patio & in suite laundry! "The Ave" is a boutique building that features gorgeous gardens, courtyards, a gym, media room & guest suite! Only STEPS TO: Lougheed Mall, SKYTRAIN STATION, Hanin Village Shopping Centre, restaurants, professional services, shops & more! Close to Vancouver Golf Club, SFU & future development in Lougheed Community! This unit comes with a secure underground parking stall & Storage Locker. 2 Pets welcome! Gas & Hot water included in the maintenance fees! You will love it!
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Greg & Colin Thornton have just listed ANOTHER new property at 1912 EUREKA AVE in Port Coquitlam.
Don’t miss this spacious 2 story home w/ over 2,400 s/f on a private lot. You will love the huge master bdrm w/ his & hers dble closets, 5 pce enste w/ jetted tub, sep shower & a champagne deck w/ a river view. Good sized kids rms w/ dble closets. Updated main bath w/new cabinets & flring & a 1 pce tub enclosure. Formal L/R w/ dble French dr entry & a gas heatilator F/P, sep formal D/R also w/ dble French dr entry & a slider to a private deck off the D/R. Beautifully updated kit w/ Espresso Shaker cabinets, granite counters, S/S appl. & a gas range. Cozy sunken fam rm off the kit w/ a gas F/P & slider to a 21x21 concrete patio. Baseboards & crown molding thru out PLUS a 14x22 playrm over the dble garage. UPDATES: Kit, bathrm, flring, furnace & H/W tank 2014, gutters 2016. TILE roof.
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homes sold in May 2020.


Last month’s sales were 21.9 per cent below the 10-year June sales average.


“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Colette Gerber, REBGV Chair said “Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”


There were 5,787 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2020. This represents a 21.8 per cent increase compared to the 4,751 homes listed in June 2019 and a 57.1 per cent increase compared to May 2020 when 3,684 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,424, a 23.7 per cent decrease compared to June 2019 (14,968) and a 15.1 per cent increase compared to May 2020 (9,927).


“Much more of the real estate transaction is happening virtually today. Before considering an in-person showing, REALTORS® are helping potential buyers pre-screen homes more thoroughly by taking video tours, reviewing floorplans and an increased number of high-resolution images, as well as often driving through the neighborhood.”


For all property types, the sales-to-active listings ratio for June 2020 is 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 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.


“Home prices have remained steady with minimal fluctuation over the last few months,” Gerber said. “With increasing demand, REALTORS® have begun seeing multiple offers for homes priced competitively for today’s market.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,025,300. This represents a 3.5 per cent increase over June 2019 and a 0.3 per cent decrease compared to May 2020.


Sales of detached homes in June 2020 reached 866, a 16.1 per cent increase from the 746 detached sales recorded in June 2019. The benchmark price for a detached home is $1,464,200. This represents a 3.6 per cent increase from June 2019 and a 0.5 per cent increase compared to May 2020.


Sales of apartment homes reached 1,105 in June 2020, a 17.4 per cent increase compared to the 941 sales in June 2019. The benchmark price of an apartment property is $680,800. This represents a 3.6 per cent increase from June 2019 and a 0.8 per cent decrease compared to May 2020.


Attached home sales in June 2020 totalled 472, a 21 per cent increase compared to the 390 sales in June 2019. The benchmark price of an attached home is $790,800.


This represents a 2.3 per cent increase from June 2019 and a 0.2 per cent decrease compared to May 2020.

Download the June 2020 stats package

 


 
 



For more information please contact:
Craig Munn
Assistant Manager, Communication
Real Estate Board of Greater Vancouver
604.730.3146
cmunn@rebgv.org

- See more at: http://www.rebgv.org/news-statistics/july-home-sale-activity-increases-greater-vancouver#sthash.omrBlAyZ.dpuf

Reuters
Vancouver’s skyline.
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Why is making a big change in life often so difficult?


According to psychologists, maintaining the "status quo" is one of the most powerful motivations we have. If things are "okay", even making a change for the better can be difficult. Our brains resist.


You may have experienced this if you’ve thought about selling your current property and finding your next dream home. Your house may be "good enough" for you now and the neighbourhood might be "okay" too. So, even if your dream is to get into a better home that's more suited to your family and lifestyle, you may be hesitant.


That's just the way the psychology works.


One way to get around this psychology is to get your dream out of your head and on to paper. Write down the kind of home you'd love to live in next. For example, you may want a detached home, with 3-bedrooms in a family-oriented neighbourhood. Also jot down the specific features and characteristics of the property and neighbourhood such as a good-sized backyard, family-size kitchen, and an easy commute to work. That will help you see the real possibilities.


Next, find out whether getting into a home like this is doable for you right now. Avoid making assumptions. Get the facts. Find out what you can expect to get for your current property, and what you'll need to spend for the new home.


If you discover that moving to your next dream home is something you can swing this year, your hesitancy will likely vanish!


I can help you get the information you need to make the best decision. Call me.

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Chances are, you know that you should change the batteries in your smoke detectors at least once a year — even if you suspect the batteries are still good.


But that isn't the only fire safety check you should do annually. Here are some other recommended tips to help keep you and your family safe.


  • Clean your stove burners and oven regularly. Hard grease build-up can become combustible.
  • Check your cupboard for cleaning products, paints and other liquids that are flammable. Read each label carefully. Use and store each product only as recommended.
  • If you keep a fire extinguisher in your kitchen — and you should — confirm that it is still good. Extinguishers are like food. They have expiry dates!
  • Go over your fire escape plan with your family. Make sure everyone knows exactly what to do if a smoke detector goes off or if there's a fire. (Don't have a fire escape plan? Make one!)
  • Check that all windows open easily, especially upper floor windows.
  • Check appliances you use often, such as hair dryers, for worn or frayed cords.
  • Regularly clear away lint build-up in the clothes dryer. Check the outside dryer vent annually to make sure it's clear and working correctly.
  • If you have a wood-burning fireplace or stove, get it cleaned and inspected by a licensed technician once a year.


Many local fire departments offer homeowners free tips and even in-home advice and inspections at no cost. Contact your fire department and ask about programs available to you.

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The asking prices of most homes on the market indicate the current state of the market, and usually mirror the prices for which other similar homes in the area have recently sold.  In deciding upon a selling price, a home-seller must establish a balance between the desire to draw the highest offer and finding a price that will be reasonable enough to attract an appropriate pool of prospects, and competitive offers.  While most selling agents counsel their clients to consider this equation when pricing their home, keep in mind that some homes are not properly priced. 


It’s important to educate yourself about the current market before approaching the purchase of a home.  The market will always influence a property’s value, regardless of the state of a home, or its desirability.  Here are the types of market conditions and how they may affect you:


  1. Seller’s Market:


A seller’s market is considered a “hot” market.  This type of market is created when demand is greater than supply—that is, when the number of buyers exceeds the number of homes on the market.  As a result, these homes usually sell very quickly, and there are often multiple offers.  As a buyer, you need to consider that many homes will sell above the asking price; in other words, you may have less room to negotiate, and may encounter competing offers.  Though most buyers want to get a home for the lowest price possible, reducing your offer could mean opening the door for another buyer instead.


  1. Buyer’s Market:


A buyer’s market is a slower market.  This type of market occurs when supply is greater than demand, the number of homes exceeding the number of buyers.  Properties are more likely to stay on the market for a longer period of time.  Fewer offers will come in, and with less frequency.  Prices may even decline during this period.  As a buyer, you will have more selection and flexibility in terms of negotiating toward a lower price.  Even if your initial offered price is too low, the seller will be more likely to come back with a counter-offer, so you can begin the process of negotiation. 


  1. Balanced Market:


In a balanced market, supply equals demand, the number of homes on the market roughly equal to the number of buyers.  When a market is balanced there aren’t any concrete rules guiding whether you should make an offer at the higher end of your range, or the lower end.  Prices will be stable, and homes will sell within a reasonable period of time.  You will have a decent number of homes to choose from, and may encounter some competition for offers on the home of your choice, or none at all.


Before you make an offer to purchase a home, establish whether the current market is a Buyer’s, Seller’s, or Balanced market.  Also, evaluate the price similar properties have sold for in the area, and the length of time these properties spent on the market.  Determine how the home you’re considering compares to these other sales.  Is this one over-priced, under-priced, or a fair price?  By establishing this information prior to making an offer, you will be in a position to negotiate the best price for the home and be prepared for any additional opportunities that may come your way. 


Keep in mind, a realtor is trained to provide clients with this information about the market, helping you make the most informed decision possible.  The right realtor will guide you through the ups and downs of the market and keep you up-to-date with the types of changes you might expect.  These realtor resources and connections will prove to be invaluable as you navigate the real estate market.


The other main factors that affect market value are:


  1. Location:


The proximity of the home to amenities, such as schools, parks, public transportation, and stores will affect its status on the market.  Also, the quality of neighbourhood planning, and future plans for development and zoning will influence a home’s current market value, as well as the ways in which it might change. 


  1. Property:


The age, size, layout, style, and quality of construction of the building will all affect a property’s market value, as well as the size, shape, seclusion and landscaping of the yard.


  1. Condition of the Home:


This includes the general condition of the home’s main systems, such as the furnace, central air, electrical system, etc., as well as the appearance and condition of the fixtures, the floor plan of the house, and its first appearances.


  1. Comparable Properties:


Examine the selling and asking prices of similar homes in the neighbourhood.  Ask your Realtor to prepare you a general market analysis of the neighbourhood you’re interested in, so you can determine a range of value for a particular property.  A market analysis will provide you with a market overview and give you a glimpse at what other similar properties have been selling for in that area.


  1. Market Conditions/ Economy:

The market value of a home is additionally affected by the number of homes currently on the market, the number of people looking to buy property, current mortgage rates, and the condition of the national and local economy.

     


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Greg & Colin Thornton have JUST SOLD ANOTHER property at 19442 Hammond AVE in Pitt Meadows.
Like NEW: West Coast style executive home in central Pitt Meadows location. Great open floor plan on main level with gas fireplace, soaring entry and 10' ceiling heights. Gourmet chef inspired kitchen complete with full pantry, stone counters and high end appliances. Mudroom with storage off garage entry and 2 pc washroom on main level complete the Entertainers dream. Beautiful patio overlooking private fenced south facing backyard. 4 bedrooms up including vaulted MB with walk-in closet and spa like ensuite including soaker tub. The full sized family laundry is on the bedroom level for convenient use. Downstairs boast a full living space ideal for a Mother-in-law or young adult children..2 bedrooms and large open living space and separate entry. Call to schedule a "safe" private showing.
Greg & Colin Thornton from Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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