May 2024 Market Update

The number of sales declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed in Metro Vancouver.

Home sales totaled 2,733 that is a 20% decrease compared to May 2023 and  20% below the 10-year seasonal average. 

If you are looking to buy, sell or have questions about real estate, please give me a call.
👨‍💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com

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Getting your Home Hunting Ducks in a Row

Getting your Home Hunting Ducks in a Row

Say you’re shopping for a new home. Your goal is to find the ideal property, in a neighbourhood that is just right for you, within a price range that you can afford.

What do you need — at minimum — to get started?

If you’re looking for ways to get your ducks in a row, here are some things to prepare:

  • A property wish list. What does your ideal home look like? How many bedrooms does it need to have? Do you require a spacious recreational room? A large deck? A pool? A nice view? Get your wish list down on paper.
  • A neighbourhood wish list. Where you live is just as important as what you live in. What qualities are you looking for in a neighbourhood? A nearby park? Walking distance to a good school? Hiking trails? A shorter drive to work? Write it down.
  • A pre-approved mortgage. Getting the financing handled up front takes the guesswork out of what you can afford. Home sellers will also take any offers you make more seriously.
  • Realistic expectations. 99.9% of homes sell at or near the current market value. So, don’t expect to find a bargain that no one else has noticed.

Looking for more advice on finding your next dream home? Call today!

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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.