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The Thornton Group has just listed ANOTHER home in New Horizons, Coquitlam

The Thornton Group has just listed ANOTHER new property at 1191 SHELTER CRES in Coquitlam.
Welcome to this beautiful 4 bed home in the most ideal location! This 2 storey home is located on a quiet street that is mere minutes from Coquitlam Centre, Lafarge Lake, Skytrain, parks & schools! Come inside to see the fabulous renovated main floor with new flooring thru-out, nice open L/R & D/R, updated kitchen with new 2 tone shaker cabinets, quartz counters & new appliances. Check out the big deck with new vinyl & aluminum awning overlooking the fully fenced & nicely landscaped backyard. The big master has an updated 3pc ensuite & large double closet. Updated 4pc bath & a big 2nd bedroom on the main floor. The lower level has 2 more bedrooms, a nicely updated 2pc bath & a new shower in the adjoining laundry room & a nice big rec room! Roof aprox 6 years old, furnace aprox 10 years.
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has just listed ANOTHER home in Dewdney Deroche, Mission

The Thornton Group has just listed ANOTHER new property at 9535-9593 Catherwood RD in Mission.
Only qualified buyers please. Rare find, 30.5 acre farm, fenced & cross fenced w/ 5 outbldings, 2 hses & a 150x260 ft riding ring on 2 titles, just 15 min. from Mission. Lt 4=16.1 acre, lot 5=14.4 acres. Same owner for the last 47 yrs. The organic fertile soil and over 20,000 s/f of floor space in 4 buildings make this a very versatile piece of property suitable to a multitude of different uses. HSE #1 is approximately 2,400 s/f w/ 5 bedrms & 2 full baths, H/W heat & a dble garage. Hse # is 2 nicely updated 813 s/f 2 bedrm home w/ a full unfinished bsmt. 40x80 machine shop w/concrete flrs & 3 14’ overhead doors w/ access to 3 phase power. The Hip Roof barn is approx. 12,00 s/f w/ 8500 s/f on ground level, 3,300 s/f horse barn w/ 10 stalls. The 2nd home has 2 bedrooms and Bruno stairlift.
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Home listings up, sales down and prices starting to decrease to start the summer season

VANCOUVER, BC – July 5, 2022 – With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June 2021, and a 16.2 per cent decrease from the 2,918 homes sold in May 2022.

Last month’s sales were 23.3 per cent below the 10-year June sales average.

“Home buyers have more selection to choose from and more time to make decisions than they did over the past year,” Daniel John, REBGV Chair said. “Rising interest rates and inflationary concerns are making buyers more cautious in today’s housing market, which is allowing listings to accumulate.”

There were 5,256 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2022. This represents a 10.1 per cent decrease compared to the 5,849 homes listed in June 2021 and a 17.6 per cent decreasecompared to May 2022 when 6,377 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is

10,425, a 3.8 per cent decrease compared to June 2021 (10,839) and a 4.1 per cent increase compared to May 2022 (10,010).

“We’re seeing downward pressure on home prices as we enter summer in Metro Vancouver due to declining home buyer activity, not increased supply,” John said. “To meet Metro Vancouver’s long-term housing demands, we still need to significantly increase housing supply.”

For all property types, the sales-to-active listings ratio for June 2022 is 23.4 per cent. By property type, the ratio is 14.3 per cent for detached homes, 31.5 per cent for townhomes, and 30.2 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,235,900. This represents a 12.4 per cent increase over June 2021, a two per cent decrease compared to May 2022, and a 2.2 per cent decrease over the past three months.

Sales of detached homes in June 2022 reached 653, a 48.3 per cent decrease from the 1,262 detached sales recorded in June 2021. The benchmark price for a detached home is $2,058,600.

This represents a 13.4 per cent increase from June 2021, a 1.7 per cent decrease compared to May 2022, and a 1.8 per cent decrease over the past three months.

Sales of apartment homes reached 1,326 in June 2022, a 25.3 per cent decrease compared to the 1,774 sales in June 2021. The benchmark price of an apartment home is $766,300. This represents a 12.7 per cent increase from June 2021, a 1.7 per cent decrease compared to May 2022, and a 0.8 per cent decrease over the past three months.

Attached home sales in June 2022 totalled 465, a 36 per cent decrease compared to the 726 sales in June 2021. The benchmark price of an attached home is $1,115,600. This represents a 17.8 per cent increase from June 2021, a 2.2 per cent decrease compared to May 2022, and a 2.7 per cent decrease over the past three 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 industry is a key economic driver in British Columbia. In 2021, 43,999 homes changed ownership in the Board’s area, generating $2.98 billion in economic spin-off activity and an estimated 20,942 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $53.4 billion in 2021.

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:

Mark Moldowan

Senior Writer & Communication Strategist

Real Estate Board of Greater Vancouver

604.730.3153

mmoldowan@rebgv.org

 
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Open House Open House on Saturday, July 16, 2022 2:00PM - 4:00PM

Please visit our Open House at 1679 MAGELLAN ST in Port Coquitlam.
Open House on Saturday, July 16, 2022 2:00PM - 4:00PM
Don't miss this bright, beautiful and HUGE 3,475+ SQ FT HOME! 5 bed, 3 bath home! From the moment you see the exquisitely landscaped front yard & the updates inside you will want to call this "Home." Located on a private street located close to all schools & shopping, this home is the biggest on the block! Open concept LR/DR leading into a bright open central kitchen with S/S appliances and a large island with extra cupboard space & built in wine fridge. Huge main bath with double vanity. Master bedroom has a large w/i closet, a perfect reading nook & doors leading out to the huge deck overlooking the fenced 7,500 + Sqft back yard with a covered patio. Downstairs is the bright daylight basement with huge rec room, media room, & 2 more bedrooms! Ask for the features list! HEAT PUMP/AC !
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Open House Open House on Sunday, July 17, 2022 2:00PM - 4:00PM

Please visit our Open House at 1679 MAGELLAN ST in Port Coquitlam.
Open House on Sunday, July 17, 2022 2:00PM - 4:00PM
Don't miss this bright, beautiful and HUGE 3,475+ SQ FT HOME! 5 bed, 3 bath home! From the moment you see the exquisitely landscaped front yard & the updates inside you will want to call this "Home." Located on a private street located close to all schools & shopping, this home is the biggest on the block! Open concept LR/DR leading into a bright open central kitchen with S/S appliances and a large island with extra cupboard space & built in wine fridge. Huge main bath with double vanity. Master bedroom has a large w/i closet, a perfect reading nook & doors leading out to the huge deck overlooking the fenced 7,500 + Sqft back yard with a covered patio. Downstairs is the bright daylight basement with huge rec room, media room, & 2 more bedrooms! Ask for the features list! HEAT PUMP/AC !
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The Thornton Group has just listed ANOTHER home in Nordel, N. Delta

The Thornton Group has just listed ANOTHER new property at 46 8355 DELSOM WAY in Delta.
Don't miss this recently painted 3 bedroom, 2 ½ bath home. Nice open concept LR & D/R w/ a perfect little office nook & access to the lrge deck over looking the huge sunny, fully fenced & very private southwest facing b/yd, w/over 2,000 s/f this is one the largest lots in the development. Spacious kit w/ lots of cupbds & counter space + a large island w/ B/fast bar, & granite counters. Nice, big master bedrm w/ dble closet & a 5 pce enste w/ soaker tub, ceramic floor & a dble vanity. Tandem dble gar + additional prkg on the D/W + right next to visitor prkg. New H/W tank in '21, noise abatement windows on the west wall and an unbelievable clubhse offering ping pong, indoor basketball crt, theatre rm, a big pool & hot tub and 2 kids play parks. Daycare "Coming Soon" just across the street.
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Moving Yourself vs. Hiring Professionals

When you buy a new home and moving day is looming, it can be tempting to consider doing the move yourself. After all, by not hiring a moving company, you’re saving money.

It is true, the DIY approach can lower your moving costs, which is money you can put towards needed fixes and upgrades to your new property.

But, you’re also adding a lot of work! You’ll need to think about boxes, packing, truck rental, gas, lifting and lugging, friends who offer to help but bail last minute, and more.

So, if you’re going to move yourself, plan carefully. Ensure you have all the boxes and packing supplies (tape, bubble wrap, etc.) you need. Most importantly, put together a reliable crew who can stick with you the entire day. In addition to family and friends, it might make sense to hire a worker for the day.

If that all seems like too much work and hassle, then using a moving company is a time-saving option. Yes, you’ll pay more. But you’ll get professional movers, with a truck, who can do much of the lifting and lugging for you. That will take a lot of the stress out of moving day.

And, keep in mind, you don’t need to get the moving company to do it all.

You can cut costs by having them handle the heavier items, such as appliances and furniture, while you DIY-move other things, such as easier-to-handle boxes.

Regardless of which option you choose, make your plans well in advance. When it comes to moving day, you’ll be glad you did!

Want more tips on making buying and selling easier? Call today.
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What’s the “Emotional” Return on Investment of a New Home

Chances are, you’ve heard the expression, “Your home is your biggest investment.” For most homeowners, that’s true. So, when you’re shopping for a new home, it’s important to consider the financial ramifications of any purchase. Ideally, you want a home that is likely to increase in value over time.

In other words, you want a home with a strong potential return on investment.

But dollars aren’t the only type of return you should look for in a new home. Real estate is unique in that the “emotional” return is just as important as the financial return — and, in some cases, even more so.

Say, for example, you’re thinking of moving to a neighbourhood that is closer to work. In fact, you’ll cut your commuting time by an hour each day. Financially, that return on investment means little beyond some savings on gas. However, the emotional payoff can be very high, especially when you consider what you can do with that extra hour each day. Imagine what it would mean to spend more time with your kids or workout out at the gym more often.

So, considering the emotional return on investment when you’re moving is essential. It has a huge impact on your lifestyle and your enjoyment of the property.

How do you factor that in when selling your property and searching for your next dream home?

When you see a listed home you like, make a list of all the emotional benefits of living there. That list might include having a park nearby, living closer to friends or family, having a home office that isn’t the kitchen table, having more space to accommodate a growing family, and so forth.

Then, factor that list into your decision of whether or not to buy.

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Open House Open House on Saturday, July 9, 2022 2:00PM - 4:00PM

Please visit our Open House at 1191 SHELTER CRES in Coquitlam.
Open House on Saturday, July 9, 2022 2:00PM - 4:00PM
Welcome to this beautiful 4 bed home in the most ideal location! This 2 storey home is located on a quiet street that is mere minutes from Coquitlam Centre, Lafarge Lake, Skytrain, parks & schools! Come inside to see the fabulous renovated main floor with new flooring thru-out, nice open L/R & D/R, updated kitchen with new 2 tone shaker cabinets, quartz counters & new appliances. Check out the big deck with new vinyl & aluminum awning overlooking the fully fenced & nicely landscaped backyard. The big master has an updated 3pc ensuite & large double closet. Updated 4pc bath & a big 2nd bedroom on the main floor. The lower level has 2 more bedrooms, a nicely updated 2pc bath & a new shower in the adjoining laundry room & a nice big rec room! Roof aprox 6 years old, furnace aprox 10 years.
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Open House Open House on Sunday, July 10, 2022 2:00PM - 4:00PM

Please visit our Open House at 1191 SHELTER CRES in Coquitlam.
Open House on Sunday, July 10, 2022 2:00PM - 4:00PM
Welcome to this beautiful 4 bed home in the most ideal location! This 2 storey home is located on a quiet street that is mere minutes from Coquitlam Centre, Lafarge Lake, Skytrain, parks & schools! Come inside to see the fabulous renovated main floor with new flooring thru-out, nice open L/R & D/R, updated kitchen with new 2 tone shaker cabinets, quartz counters & new appliances. Check out the big deck with new vinyl & aluminum awning overlooking the fully fenced & nicely landscaped backyard. The big master has an updated 3pc ensuite & large double closet. Updated 4pc bath & a big 2nd bedroom on the main floor. The lower level has 2 more bedrooms, a nicely updated 2pc bath & a new shower in the adjoining laundry room & a nice big rec room! Roof aprox 6 years old, furnace aprox 10 years.
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One for the Money, Two for the Show: Prepare the Inside of your House for Showing

Once you’ve minimized the clutter in your home, clearing out excess items and furniture, you’ll be ready to concentrate on repairs, cleaning, and decoration. Your goal is to get each room looking its sharpest and most fresh—the better your house looks, the greater your chances that it will sell quickly and for top dollar. Concentrate on the following areas to get your home into selling shape.

Walls and Ceiling:

Examine all the ceilings and walls for water stains or dirt. We don’t often look closely at the walls that surround us, so be careful—there could be residual stains from leaks that have long been fixed, or an accumulation of dirt in an area you hadn’t noticed.

Painting the walls may be the best investment you can make when preparing your home to sell. You can do it yourself, and relatively inexpensively. Remember, the colours you choose should appeal to the widest range of buyers, not just to your own personal taste. A shade of off-white is the best bet for most rooms, as it makes the space appear larger and bright.

Carpet and Flooring:

Does your carpet appear old, or worn in areas? Is it an outdated colour or pattern? If the answer to either of these questions is yes, you should consider replacing it. You can find replacement carpeting that is relatively inexpensive. And always opt for neutral colours.

Any visibly broken floor tiles should be replaced. But make sure you don’t spend too much on these replacements. The goal isn’t to re-vamp the entire home, but, rather, to avoid causing any negative impressions due to noticeable damage or wear around the house.

Doors and Windows:

Check the entire house for any cracked or chipped window panes. If they are damaged in any way, replace them. Test all windows, as well, to ensure they open and close easily. Try spraying WD40 on any with which you’re having trouble. This should loosen them up.

The same can be done with sticking or creaking doors. A shot of WD40 on the hinges should make the creak disappear. Check to make sure each door knob turns smoothly and polish it to gleaming.

Odour Check:

Begin by airing out the house. Chances are, you’d be the last person to notice any
strange or unpleasant smell that may be immediately apparent to visitors.

If you smoke indoors, you’ll want to minimize the smell before you show your home.
Take your cigarettes outside for a period of time before you begin showing. Ozone
sprays also help eliminate those lingering odours without leaving a masking, perfumed
smell.

Be careful if you have a pet. You may have become used to the particular smell of your
cat or dog. Make sure litter boxes are kept clean. Keep your dog outdoors as much as
possible. You may want to intermittently sprinkle your carpets with carpet freshener as
well.

Plumbing and Fixtures:

All sink fixtures should look shiny and fresh. Buy new ones if scrubbing fails to get them
into shape. Replacing them can be done fairly easily and inexpensively. Check to make
sure all hot and cold faucets are easy to turn and that none of the faucets leaks. If you do
find a leaking faucet, change the washer. Again, this is an easy and inexpensive
procedure.

Finally, check the water pressure of each faucet, and look for any stains on the porcelain
of the sinks or tubs.

Once you’ve covered all these bases, your house will be in prime shape for its time on the
market. Congratulations—you’re ready to begin showing!

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The Thornton Group has just listed ANOTHER home in Lower Mary Hill, Port Coquitlam

The Thornton Group has just listed ANOTHER new property at 1679 MAGELLAN ST in Port Coquitlam.
Don't miss this bright, beautiful and HUGE 3,475+ SQ FT HOME! 5 bed, 3 bath home! From the moment you see the exquisitely landscaped front yard & the updates inside you will want to call this "Home." Located on a private street located close to all schools & shopping, this home is the biggest on the block! Open concept LR/DR leading into a bright open central kitchen with S/S appliances and a large island with extra cupboard space & built in wine fridge. Huge main bath with double vanity. Master bedroom has a large w/i closet, a perfect reading nook & doors leading out to the huge deck overlooking the fenced 7,500 + Sqft back yard with a covered patio. Downstairs is the bright daylight basement with huge rec room, media room, & 2 more bedrooms! Ask for the features list! HEAT PUMP/AC !
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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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.