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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How to Be a Savvy Home Viewer

How to Be a Savvy Home Viewer

If you’re planning on finding your next dream home, then you’re probably going to view several homes on the market that meet your criteria.




You will want to make the right purchasing decision for you and your family. So, it’s wise to be savvy when viewing properties for sale. Here are some ideas on how to do that:

 

• Take notes, not only of the home’s characteristics, but also of how you feel. For example, can you imagine yourself happily cooking up a storm in the kitchen? Do you see yourself entertaining family on the back deck?


• Check out the area. Do other homeowners take good care of their properties? This shows pride of ownership. How is the noise level? Is there a playground, or another area feature nearby?


• Make a list of compromises. For example, are there only two bathrooms instead of three and, if so, can you live with that?


• Make a list of bonuses. What features does the home have that are not a necessity, but would be nice to have? For example, an entertainment bar in the recreation room.


• Remember your budget. Is the price within your range? Can you afford to buy this home?


The savvier you are when viewing properties on the market, the more likely you will be to find your next dream home.

 


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