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themarkstevensteam.com

March 2020 Issue
(604) 306-5478
Mark Stevens
March newsletter

Hi there

New Subscribers

I’d like to welcome those people who have recently signed up for the newsletter!  If you have any real estate questions or needs, I am best reached at 604-306-5478!

Hot Colours for 2020!

As I go around and view properties that have not updated their colour scheme in a while, say the last 10 years, I see a lot of beiges and light browns.  Over the last 5 years, that trend has given rise to the light blues and greys, and this past year has certainly seen white on white on white popularized and is a good bet for not only updating your colour scheme but adding a lot of light.

Having said that, I researched colour trends for 2020 and found that although white on white on white is still in vogue, there are a number of interior decorators and paint companies that are looking to spice up the colour palette.  Here are a number of links to sites that predict what you might want to consider when updating this year!  Good luck!

Good Housekeeping:  https://www.goodhousekeeping.com/home/decorating-ideas/g29831845/paint-color-trends-2020/

Behr:  https://www.mydomaine.com/2020-paint-color-trends-4689932

Dulux:  https://www.dulux.ca/diy/colour/2020-colour-decor-trends

HGTV article:  https://www.hgtv.com/design/decorating/color/color-trends-whats-new-whats-next

The Creativity Exchange:  https://www.thecreativityexchange.com/2019/11/2020-home-decor-and-paint-color-trends.html

What’s going on in the market??

Signs are it is heating up and going to be a very brisk spring market.  Anecdotally I am hearing much more talk of multiple offers.  Apartments are starting to move again.  Prices have dropped over the past year, and we have a lot of pent up demand between people who could not meet the 2% stress test at the higher prices, and with the lower prices, now can. As well, I have also heard that foreign money is starting to come back into the market.  We could easily be heading back into a seller’s market.

Strata Insurance:

If you are living in a strata property, please make sure you have all of the necessary coverage, INCLUDING, deductible insurance.  As stratas are renewing their insurance, not only are the premiums going up substantially, but so are the deductibles.  I just sold an apartment in New Westminster.  Last year the deductibles were $10,000 for the minor stuff, and $25,000 for water damage.  Those deductibles are ALL now $50,000.  If the problem eminates from your suite, you will be charged the insurance deductible.  Make sure you have a rider on your condo insurance that covers the deductible.  Otherwise, it comes out of your pocket!!

Thinking of making a move? Call me and we can develop a plan.

Know someone who is thinking of making a move.  Call me with their name and number and I will follow up.  I reward referrals!! :)

Mark Stevens
Mark Stevens
RE/MAX LifeStyles Realty
RE/MAX LifeStyles Realty
(604) 306-5478
themarkstevensteam.com

3 Tips for Quicker Spring Cleaning

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With the first day of Spring just over the horizon, it’s time for—you guessed it—spring cleaning! Whether you love or hate this annual chore, here are the top tips for getting it done in record time.

Make a Plan
A surefire way to speed things up is to start with a proper plan. Create a checklist so that you a) know when each thing is done, b) can plan the work around your schedule, and c) get the satisfaction of checking things off.

Declutter First
Some people like to declutter as they go, but it’s best to get this done first. If there’s less in your home, there’s less to clean.

Set Yourself Up for Success
Use spring cleaning as a time to set cleaning habits for the year ahead. Use your spring cleaning plan or checklist to define quick tasks you can complete regularly throughout the year and lessen the workload for next year’s spring clean.

Local Events

Spring Break Festival: DuffleBag Theatre
Coquitlam, BC
March 17-19, 2020
Friday Night Magic Tournament
Port Coquitlam, BC
March 20, 2020
Stand Up Comedy at The Railyard
Mission, BC
March 21, 2020

Latest Featured Listings

Just Listed
An image of MLS ID: R2442718

Beautifully updated corner unit West Central / R2442718

$339,000
2 Bedrooms 1 Bathrooms 1,033 Sq Ft
Sold
An image of MLS ID: R2438570

1253 sq ft condo with BEAUTIFUL VIEWS Uptown NW / R2438570

$686,000
2 Bedrooms 2 Bathrooms 1,253 Sq Ft
View more listings

Fraser Valley Real Estate Board

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February home sales outpace new listings in Fraser Valley

In February, property sales in the Fraser Valley finished slightly above the 10‐year average for the month, while new listings came in 3 per cent below, keeping overall inventory at historically below‐average levels.

The Fraser Valley Real Estate Board processed 1,352 sales of all property types on its Multiple Listing Service® (MLS®) in February, a 39 per cent increase compared to sales in January 2020, and a 38 per cent increase compared to the 982 sales in February of last year.

Click here for the full report

Real Estate Board of Greater Vancouver

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Steady demand and low supply benefits home sellers

February saw steady home buyer demand and reduced
home seller supply across Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.

Last month’s sales were 15.6 per cent below the 10-year February sales average.

Click here for the full report

Listings in Maple Ridge

There are 570 homes for sale right now, with an average list price of $906,198.
An image of MLS ID: R2445027

# 67 24185 106B Avenue, Maple Ridge, BC Albion / R2445027

$739,000
3 Bedrooms 3 Bathrooms 2866 Sq Ft
An image of MLS ID: R2444977

10793 Erskine Street, Maple Ridge, BC Thornhill MR / R2444977

$937,000
3 Bedrooms 3 Bathrooms 3199 Sq Ft
An image of MLS ID: R2444733

# 106 22275 123 Avenue, Maple Ridge, BC West Central / R2444733

$419,900
2 Bedrooms 2 Bathrooms 1016 Sq Ft
View more listings

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage. All information was current on Mar 16, 2020.


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