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The Thornton Group has JUST SOLD ANOTHER property at 1679 MAGELLAN ST in Port Coquitlam

The Thornton Group has JUST SOLD ANOTHER 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 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 203 2353 MARPOLE AVE in Port Coquitlam.
WOW! Over 1,050 SqFt 2 bed, 2 full bath, 2 parking + Locker Home. Everything you are looking for:BRIGHT Corner unit with maximum light & huge windows! Bedrooms on opposite sides of the home for extra privacy, Huge master bedroom with luxury walk in closet, Spacious foyer & entry, open concept kitchen/living room, Gourmet kitchen with SS Appliances, large island eating area &separate dining/nook or office! Upgrades include new flooring, fridge, baseboards, fixtures, high end Sherwin Williams paint, Mysa smart home thermostats,LED lighting+ More!. Steps to Patina Brewery, grab a growler & Bring your doggy or kitty! trails, river, restaurants, shopping and transportation. Gates park is just around the corner, easy access to highway & Coquitlam Center. Rainscreen! OPEN HOUSE 2-4pm Sat & Sun!
Greg & Colin Thornton from Keller Williams Elite Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Open House Open House on Saturday, July 30, 2022 2:00PM - 4:00PM

Please visit our Open House at 203 2353 MARPOLE AVE in Port Coquitlam.
Open House on Saturday, July 30, 2022 2:00PM - 4:00PM
WOW! Over 1,050 SqFt 2 bed, 2 full bath, 2 parking + Locker Home. Everything you are looking for:BRIGHT Corner unit with maximum light & huge windows! Bedrooms on opposite sides of the home for extra privacy, Huge master bedroom with luxury walk in closet, Spacious foyer & entry, open concept kitchen/living room, Gourmet kitchen with SS Appliances, large island eating area &separate dining/nook or office! Upgrades include new flooring, fridge, baseboards, fixtures, high end Sherwin Williams paint, Mysa smart home thermostats,LED lighting+ More!. Steps to Patina Brewery, grab a growler & Bring your doggy or kitty! trails, river, restaurants, shopping and transportation. Gates park is just around the corner, easy access to highway & Coquitlam Center. Rainscreen! OPEN HOUSE 2-4pm Sat & Sun!
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Open House Open House on Sunday, July 31, 2022 2:00PM - 4:00PM

Please visit our Open House at 203 2353 MARPOLE AVE in Port Coquitlam.
Open House on Sunday, July 31, 2022 2:00PM - 4:00PM
WOW! Over 1,050 SqFt 2 bed, 2 full bath, 2 parking + Locker Home. Everything you are looking for:BRIGHT Corner unit with maximum light & huge windows! Bedrooms on opposite sides of the home for extra privacy, Huge master bedroom with luxury walk in closet, Spacious foyer & entry, open concept kitchen/living room, Gourmet kitchen with SS Appliances, large island eating area &separate dining/nook or office! Upgrades include new flooring, fridge, baseboards, fixtures, high end Sherwin Williams paint, Mysa smart home thermostats,LED lighting+ More!. Steps to Patina Brewery, grab a growler & Bring your doggy or kitty! trails, river, restaurants, shopping and transportation. Gates park is just around the corner, easy access to highway & Coquitlam Center. Rainscreen! OPEN HOUSE 2-4pm Sat & Sun!
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The Thornton Group has JUST SOLD ANOTHER property at 1954 KING ALBERT AVE in Coquitlam

The Thornton Group has JUST SOLD ANOTHER property at 1954 KING ALBERT AVE in Coquitlam.
Don't miss this well maint. & nicely updated home, big bright LR/DR w/vaulted ceiling & gas F/P. Nice big master BR w/ W/I closet & updated ensuite. Nicely updated main bath; new cabinets, quartz counters, new tub & surround in '18. Updated kitchen w/ dark maple cabinets, quartz counters, S/S appliances w/ gas stove & access to the 34x24 covered deck complete w/ hot tub & hookup for gas BBQ. Heritage doors, bamboo floors & newer vinyl windows thru-out. Nice big rec room down + R/I plumbing & electrical in the garage for a stacking W&D for upstairs use. S/C bsmt suite w/ extra sound proofing in the ceiling, 2 BR's, updated kit, 4 pc bath & laundry room w/ heated ceramic floor & cozy LR w/ gas F/P on its own electrical panel. New roof & s/d addition in '12; furnace & A/C in '19 & HWT in '17.
Greg & Colin Thornton from 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 East Central, Maple Ridge

The Thornton Group has just listed ANOTHER new property at 24 23085 118 AVE in Maple Ridge.
Much sought after Sommerville Gardens! Fantastic 2 storey townhouse with 3 bedrooms, 2.5 baths & vaulted ceilings in the D/R & Master bedroom. Baseboards & crown molding thru-out. Nice bright kitchen with lots of cabinet & counter space + a floating island & access to the large private patio & fully fenced west facing backyard. Good sized master bedroom with his & hers double closets & a 4pc ensuite. Laundry room is conveniently located upstairs along with 2 big kids rooms with double closets. Big open living room with gas fireplace & laminate flooring thru-out the main floor & carpet on the upper. Single car garage with additional parking in the driveway for 2 mid size vehicles + ample visitor parking in the complex. Roof replaced in 2011. Don't miss out on this beautiful home!
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 SOLD ANOTHER property at 46 8355 DELSOM WAY in Delta

The Thornton Group has JUST SOLD ANOTHER 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 Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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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.

-30-

*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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