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The Thornton Group has just listed ANOTHER home in Willoughby Heights, Langley

The Thornton Group has just listed ANOTHER new property at B116 20087 68 AVE in Langley.
At Park Hill you will find a fantastic selection of modern studio-style condos with a classic touch. This home feature stunning Quartz counters, subway tile backsplashes, and soft-close cabinets with brushed nickel hardware. Chef inspired Kitchens with top-of-the-line Samsung stainless steel appliance package that includes a counter-depth French door refrigerator, flush mount convection oven, and modern dishwasher. You'll love the under-cabinet LED lighting, Luxury Vinyl Plank flooring with superior sound dampening, Low E Glass Vinyl Windows with 2" faux blinds, and a full bathroom complete with a soaker tub, oversized porcelain tiles, and a sleek oversized vanity mirror with a Quartz counter. Whether you're a first-time buyer or an investor, Park Hill is the perfect community for you.
Colin Thornton PREC* & Greg Thornton 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 Citadel PQ, Port Coquitlam

The Thornton Group has just listed ANOTHER new property at 955 MOODY CRT in Port Coquitlam.
This remarkable home in Citadel Heights is not to be missed! Tucked away in a private cul-de-sac, this 3 bed, 3 bath residence boasts a tastefully updated kitchen with eating area, complete with new stone countertops & modern backsplash, creating a sleek & stylish ambiance. The bright & spacious floor plan flows effortlessly, providing a warm & inviting atmosphere for both relaxing & entertaining with high-end laminate flooring, large dining room & 2 cozy gas fireplaces in the family & living rooms. The unfinished basement offers endless potential for customization... add in a bathroom, bedroom & additional living or rec room! Embrace the epitome of comfortable living in one of the most sought-after neighborhoods. OPEN HOUSE Sat & Sun June 3rd & 4th from 2-4pm.
Colin Thornton PREC* & Greg Thornton 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, June 3, 2023 2:00PM - 4:00PM

Please visit our Open House at 955 MOODY CRT in Port Coquitlam.
Open House on Saturday, June 3, 2023 2:00PM - 4:00PM
This remarkable home in Citadel Heights is not to be missed! Tucked away in a private cul-de-sac, this 3 bed, 3 bath residence boasts a tastefully updated kitchen with eating area, complete with new stone countertops & modern backsplash, creating a sleek & stylish ambiance. The bright & spacious floor plan flows effortlessly, providing a warm & inviting atmosphere for both relaxing & entertaining with high-end laminate flooring, large dining room & 2 cozy gas fireplaces in the family & living rooms. The unfinished basement offers endless potential for customization... add in a bathroom, bedroom & additional living or rec room! Embrace the epitome of comfortable living in one of the most sought-after neighborhoods. OPEN HOUSE Sat & Sun June 3rd & 4th from 2-4pm.
 
 
Colin Thornton PREC* & Greg Thornton & Maria 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 Sunday, June 4, 2023 2:00PM - 4:00PM

Please visit our Open House at 955 MOODY CRT in Port Coquitlam.
Open House on Sunday, June 4, 2023 2:00PM - 4:00PM
This remarkable home in Citadel Heights is not to be missed! Tucked away in a private cul-de-sac, this 3 bed, 3 bath residence boasts a tastefully updated kitchen with eating area, complete with new stone countertops & modern backsplash, creating a sleek & stylish ambiance. The bright & spacious floor plan flows effortlessly, providing a warm & inviting atmosphere for both relaxing & entertaining with high-end laminate flooring, large dining room & 2 cozy gas fireplaces in the family & living rooms. The unfinished basement offers endless potential for customization... add in a bathroom, bedroom & additional living or rec room! Embrace the epitome of comfortable living in one of the most sought-after neighborhoods. OPEN HOUSE Sat & Sun June 3rd & 4th from 2-4pm.
 
 
Colin Thornton PREC* & Greg Thornton & Maria 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 12606 Hardy ST in Maple Ridge

The Thornton Group has JUST SOLD ANOTHER property at 12606 Hardy ST in Maple Ridge.
PERFECT FAMILY HOME! Welcome to this 4 BED + 3 BATH house situated on flat, rectangular 6000 sq ft lot on a QUIET St. in prime West Maple Ridge neighborhood. Offering a split level layout w/ all the the BDRMS on the top floor & 2 full baths including a primary ensuite & good size walk-in closet. Tastefully updated featuring NEW luxury vinyl flooring & carpets, designer paint, fixtures, newer appliances, H/E furnace, H/W Tank, & more. The fully fenced PRIVATE backyard is easily accessible off of the family room through oversized sliding glass door to a covered patio area. Well manicured yard w/ storage shed ready for summer fun! Double garage equipped w/ EV Charging & storage. Walking distance to Glenwood Elementary & Westview Secondary. Call now to book your private viewing!
Colin Thornton PREC* & Greg Thornton 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 414 2551 PARKVIEW LANE in Port Coquitlam

The Thornton Group has JUST SOLD ANOTHER property at 414 2551 PARKVIEW LANE in Port Coquitlam.
Faces Greenbelt! Stunning, fully renovated TOP FLOOR 1-bedroom condo WITH LARGE DEN (easy 2nd bedroom) boasts picturesque views of the Coquitlam River from all the windows & spacious deck. The living area features high loft ceilings, beautiful hardwood floors, updated countertops, & stainless steel appliances. Conveniently located steps from the Poco Trail, School, Skytrain, Westcoast Express, & shopping in Poco & Coquitlam Centre, this home is a gem. The building is well-maintained by the Strata, and the unit comes with secure parking a locker on the same floor! Additional features include a cozy gas fireplace, updated surrounds, new glass tile kitchen backsplash, entryway wainscoting, new bathroom vanity, & track lighting.
Colin Thornton PREC* & Greg Thornton 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 Pt Coquitlam, Port Coquitlam

The Thornton Group has just listed ANOTHER new property at 102 2425 SHAUGHNESSY ST in Port Coquitlam.
Experience a fresh & modern living space in this 2 Bedroom home in the heart of Downtown PoCo. Just steps away from main shops, services, & amenities, this corner suite offers tremendous appeal. With new flooring, fresh paint, & In-suite laundry this home exudes contemporary style & charm. The addition of 2-inch blinds adds a touch of elegance while providing privacy & light control! You will love the enclosed balcony all year round, or easily open it up for open-air space. Ample storage, parking, & inclusive maintenance fees for heat & hot water add to the appeal. Don't miss the opportunity to own this beautifully renovated home that combines comfort, style, & convenience in one package. HURRY NOW AND BOOK YOUR SHOWING, MAY NOT LAST UNTIL THE OPEN HOUSE! Open House Sunday 28th from 2-4pm
Colin Thornton PREC* & Greg Thornton 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 Sunday, May 28, 2023 2:00PM - 4:00PM

Please visit our Open House at 102 2425 SHAUGHNESSY ST in Port Coquitlam.
Open House on Sunday, May 28, 2023 2:00PM - 4:00PM
Experience a fresh & modern living space in this 2 Bedroom home in the heart of Downtown PoCo. Just steps away from main shops, services, & amenities, this corner suite offers tremendous appeal. With new flooring, fresh paint, & In-suite laundry this home exudes contemporary style & charm. The addition of 2-inch blinds adds a touch of elegance while providing privacy & light control! You will love the enclosed balcony all year round, or easily open it up for open-air space. Ample storage, parking, & inclusive maintenance fees for heat & hot water add to the appeal. Don't miss the opportunity to own this beautifully renovated home that combines comfort, style, & convenience in one package. HURRY NOW AND BOOK YOUR SHOWING, MAY NOT LAST UNTIL THE OPEN HOUSE! Open House Sunday 28th from 2-4pm
 
 
Colin Thornton PREC* & Greg Thornton & Maria With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver are Top producing Real Estate Experts!
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Prices continue rising across Metro Vancouver as home buyer confidence returns

VANCOUVER, BC – May 2, 2023 – With listing activity remaining below historical norms, home sales in Metro Vancouver1 have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,7412 in April 2023, a 16.5 per cent decrease from the 3,281 sales recorded in April 2022, and 15.6 per cent below the 10-year seasonal average (3,249).

“The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling,” Lis said. “The latest MLS HPI® data show home prices have increased about five per cent year-to-date, which already outpaces our forecast of one to two per cent by year-end. The year is far from over, however, and it remains to be seen if these price increases will be sustained into 2024.”

There were 4,307 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2023. This represents a 29.7 per cent decrease compared to the 6,128 homes listed in April 2022, and was 22 per cent below the 10-year seasonal average (5,525).

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,790, a 4.2 per cent decrease compared to April 2022 (9,176), and 20.9 per cent below the 10- year seasonal average (11,117).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2023 is 32.7 per cent. By property type, the ratio is 24.4 per cent for detached homes, 40.1 per cent for townhomes, and 37.4 per cent for apartments.

Analysis of the historical data suggests 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.

“When we released our market forecast in January, we were one of the only organizations taking the contrarian view that prices were likely to appreciate in 2023,” Lis said. “And what we’re seeing unfold so far this year is consistent with our prediction that near record-low inventory levels would create competitive conditions where almost any resurgence in demand would translate to price escalation, despite the elevated borrowing cost environment. At the crux of it,the issue remains a matter of far too little resale supply available relative to the pool of active buyers in our market.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,170,700. This represents a 7.4 per cent decrease over April 2022 and a 2.4 per cent increase compared to March 2023.

Sales of detached homes in April 2023 reached 808, a 16.3 per cent decrease from the 965 detached sales recorded in April 2022. The benchmark price for detached properties is $1,915,800. This represents an 8.8 per cent decrease from April 2022 and a 2.9 per cent increase compared to March 2023.

Sales of apartment homes reached 1,413 in April 2023, a 16.5 per cent decrease compared to the 1,693 sales in April 2022. The benchmark price of an apartment property is $752,300. This represents a 3.1 per cent decrease from April 2022 and a two per cent increase compared to March 2023.

Attached home sales in April 2023 totalled 500, a 13.5 per cent decrease compared to the 578 sales in April 2022. The benchmark price of an attached unit is $1,078,400. This represents a 6.1 per cent decrease from April 2022 and a 2.1 per cent increase compared to March 2023.

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1. Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Bowen Island, 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.

2. REBGV is now including multifamily and land sales and listings in this monthly report. Previously, we only included detached, attached, and apartment sales, and these additional categories, which typically account for roughly one to two per cent of total MLS® activity per month, are being included for completeness in our reporting.

The Real Estate Board of Greater Vancouver is an association representing more than 15,000 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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Getting Ready for OPEN HOUSE Day

When you’re selling your property, hosting an Open House will provide an excellent opportunity to attract buyers. Ideally, people will see your property that day and decide to make an offer. 

That would be exciting!

So, what can you do to prepare for the day? Here are a few suggestions:

  1. Make sure the entire house is clean and tidy. Think of making it “guest ready.”
  2. Plan to leave early and come back late. Recognize that people may not arrive nor leave precisely on time.
  3. If possible, remove pets. Take them to a friend’s house or pet daycare.
  4. If you’re concerned about valuables (such as jewelry), lock them somewhere safe. For example, you can hide them in the trunk of your car. 
  5. Avoid cooking the morning of an Open House. The odours may linger.
  6. Provide ample space by the front entrance for shoes and boots.
  7. If possible, avoid having any deliveries that day. 
  8. Make sure interior doors are unlocked, including the door to the garage.

Finally, resist the urge to “drop by” and see how things are going. Instead, take the time to do something enjoyable, such as an outing to the park or mall.

Want more ideas for selling your home quickly and for top dollar? Call today.

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Advantages of Buying a House that Needs Work

There’s no doubt about it. Buying a home that is “move in ready” is a real convenience. All you need to do is get your belongings in place, and you’re ready to enjoy living in your new home. You don’t even need to paint. That’s why move-in-ready homes tend to attract more buyers.

However, there are advantages to buying a property that needs work. And, if you’re currently shopping for a new home, a listing that requires some repairs, upgrades, or renovations might be worth considering.

Why?

Properties that need work tend to be priced lower than comparable move-in-ready listings. Depending on market demand, the price savings can range from modest (just a few thousand dollars) to substantial.

Also, homes that need work tend to attract fewer buyers and offers, so there’s less competition.

Another advantage is the opportunity to get into a desirable area you otherwise might not have afforded. It might be worth the extra work you’d need to put into the home to live in your dream neighbourhood.

But, while there are advantages, there are also important caveats.

The first caveat is you must know the scope of work that is required before making any decision to purchase. How will you get the work done? How much will you need to budget for the improvements? Are you prepared for the realities of living in a property during renovations?

The second caveat is you must anticipate any issues that can’t be seen during a typical viewing. The last thing you want is to pay for a major repair you weren’t expecting. That’s why getting a professional home inspection as a condition of your offer is often a good idea.

There’s a lot to think about when you’re buying a “needs work” property. But, I can help you make an informed decision. Call today.

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Showtime: Tips for Showing your Home

After putting in a huge amount of time and effort to get your home looking good and ready to sell, your hard work is finally going to pay off: your home is on the market—you’re ready to begin showing. Your house should always be at-the-ready for a tour, as agents may bring clients by with very little notice. If they catch you unprepared and you aren’t able to show the house on the spot, you could be losing out on a sale. Concentrate on the following areas to ensure your home is ready to show:

1. People

Homebuyers may feel like intruders if you are present while they view your house, and this will affect their overall impression. Consider taking the opportunity to visit the local coffee shop, go shopping, or take the kids to the park. If you can’t leave while the house is being shown, try to be as unassuming as possible. Do not move from room to room. Don’t offer information, but make yourself available to answer any questions the agent or buyers might have.

2. Lighting

When you know an agent is bringing someone by, make sure all of the drapes and window shades are open to let in as much daylight as possible, or—if the showing is taking place at night—to create a look of comfort and warmth when viewed from the outside. Open all the doors between rooms to create an open, inviting feel. Turn on all lamps and overhead lights, even during the day. Keeping lights on during the day softens the harsh shadows sunlight can create in a room, and illuminates dim corners. During nighttime showings, make sure all outdoor lights are on, as well as pool lights.

3. Cleanliness

Scan the floor for debris—newspapers and magazines tend to accumulate without our noticing. Make sure all the counters are clutter-free. Empty the kitchen garbage before every showing, particularly if the garbage can doesn’t have a lid. Keep everything freshly dusted and vacuumed. Beds should be made and bathrooms cleaned (toilet lid down). Every room should sparkle.

4. Scents and Sounds

Avoid using scented sprays before showing your home. Some people simply won’t enjoy the smell, and others may be allergic. If you want to make a room smell pleasant, consider a potpourri pot or a naturally-sourced aroma.

If you or your family is home while the agent is giving a tour, try to stay as quiet as possible. Turn off the television and the blaring radio. Put on some soothing background music at a low volume.

5. Pets

If you have pets, make sure your listing agent includes this in your listing on the Multiple Listing Service. This way, no one will be surprised by a furry welcome if the agent shows the house while you’re not there. If you know someone is coming to tour the house, ideally you should take the pets with you, or arrange to have a friend or family member take them. If this isn’t possible, keep dogs in the backyard, preferably in a penned area. Try to keep indoor cats in one room while people are touring the house, and put a sign on the door.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.