Greg & Colin Thornton RE/MAX Sabre

Colin Direct: 604-561-3306 | EMAIL info@thethorntongroup.ca |

 

January 2018
1,818
Sold
January 2019
1,103
Sold
(-39.3%)
Residential property sales in Metro Vancouver

Home listings continue to increase across all housing categories in the Metro Vancouver* housing market while home buyer activity remains below historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold in December 2018.

Last month’s sales were 36.3 per cent below the 10-year January sales average and were the lowest January-sales total since 2009.

"REALTORS® are seeing more traffic at open houses...
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If you're thinking ahead to your next dream home, the road you need to take to get there may seem confusing. Do you search for listings online? Drop by Open Houses on the weekends? Call the number on For Sale signs?

 

Let's break it all down! Here are the specific steps you need to take to ensure you find a home that fits your wants, needs and budget.

 

1.  Find out how much your current property will likely sell for on today’s market.

2.  Arrange for financing, so you know what you can afford.

3.  Select neighbourhoods you'd love to live in. (That may involve some fun exploring!)

4.  Decide on the type of home you want to buy. (For example: detached, three-bedroom, etc.)

5.  Prioritize the property...

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Moving around the corner or even across town is relatively simple because you are likely familiar with the various neighbourhoods and you can access them anytime. If there's a listed home you want to view, you can simply go see it.

 

Relocating to a different town or city, however, is much more challenging. It may not be possible for you to make multiple visits to see homes for sale. You may also be unfamiliar with the various neighbourhoods.

 

So what do you do if you want to move out-of-town or need to relocate due to work?

 

Your first step is to get the information you need. You'll want up-to-date data on the neighbourhoods so you can pinpoint the ones that are the best fit for your needs and lifestyle. You'll also want to...

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When preparing your property to show, work your way from the outside in.  It is essential that your home possess a certain “drive-up appeal.”  Remember, a potential buyer’s first impression of your house is formed while s/he is still sitting in the realtor’s car.  So, first you need to view your house from this perspective.  Go stand on the opposite curb and observe your property.  Compare it to surrounding properties.  Concentrate on the following three areas:

 

Landscaping:

 

How does your landscaping measure up compared to the rest of the neighbourhood?  If you guess it would rate below-average, make a few adjustments.  You might want to consider buying some bushes and...

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Imagine you've found the perfect home. You love it. You've made an offer that's been accepted. So far so good! The only catch? You've wisely made the offer conditional on passing a professional home inspection.

 

What happens if that home inspection reveals a major issue?

 

First, you should know that, depending on the age of the property, a home inspection will typically turn up at least a few areas of concern. The inspector might find loose insulation in the attic that is thinning out or roofing shingles that will need replacing in two or three years.

 

Issues like those are not usually deal-breakers.

 

However, if the home inspector finds a major issue — such as old wiring that's worn and presents a safety...

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For some people, the thought of listing their home for sale is stressful. They worry about all the things they have to do — and all the things that might go wrong.


Luckily, it doesn't have to be that way. Here are some tips for making your home sale go smoothly:


· Give yourself time to prepare. If you're thinking of selling six months from now, start preparing your property now. Do any necessary staging, and get it looking its best. Avoid doing these tasks at the last minute.

· Set the right price. Pricing your property too high will likely result in few, if any, buyers coming to see it. You might end up having to lower your price later, causing your home to linger even longer on the market. That's stress you don't...

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It’s official:  you’ve signed the papers, dotted all the i’s and crossed the t’s—you own a new home!  You’ve almost reached the end of your journey.  However, now, faced with the daunting task of moving, it may seem as though the journey has just begun.  Moving can be a time-consuming and stressful experience if you let yourself be overwhelmed by the job.  Remember, though, having a successful move means taking care of the details, one by one.  If you break the process down into steps and arrange your time accordingly, you can make it manageable.  Use the following checklist to ensure you’re covering all the bases, and you will be well on your way to a successful...

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Metro Vancouver* home sales in 2018 were the lowest annual total in the region since 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales recorded in 2017, and a 38.4 per cent decrease compared to the 39,943 residential sales in 2016.

Last year’s sales total was 25 per cent below the region’s 10-year sales average.

“This past year has been a transition period for the Metro Vancouver housing market away from the sellers’ market conditions we experienced in previous years,” Phil Moore, REBGV president said. “High home...

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       While we both love this time of year and welcome the opportunity to express our

sincere appreciation, we probably all realize it's DAD that continues to write the letter. You'll

know  immediately if/when Colin decides to take on this project. Your Christmas letter will likely

be full of food related stories and they'll be a LINK to some of his favorite food recipes for the

holidays. (Kidding aside, Colin is quite a chef and we take full advantage of his passion for

preparing food as often as we can)

       It was a big year for the Thornton's. Colin got married and dad started a house reno.

Colin's happy and I like to remind myself that PERSONAL RENOVATIONS will make me a...

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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.