WHAT:  2 Beds, 2 Baths, Flex, and Balcony; 1,258 sq. ft.
WHERE:  #1704 - 1616 Bayshore Drive, Vancouver
LIST PRICE:  $2,100,000
MLS #:  R2293520
VIRTUAL TOUR:  https://youtu.be/rHFjAN7EoEU

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca 

Welcome to Bayshore Gardens. Like new, original owner lives only a few weeks each year in the condo. Professionally cleaned and maintained. This quiet, renovated corner 2 bedroom, 2 bathroom and flex has views of the harbour, marina, North Shore, and city with a large private 112 SF patio for all your entertaining needs. (The pictures do not do the view any justice!)

Featuring 12'8" ceiling in the living and dining rooms; gourmet kitchen with granite countertops; Subzero/Bosch stainless appliances (incl. wine fridge); central A/C for those hot summer months; and gas fireplace. 1 parking, 1 extra large locker included. Building has 24-hour concierge, exercise room, and many visitor parking spots. Steps to the Marina, Stanley Park, Seawall, restaurants, and much more. Pets and rentals allowed with restrictions. This is the perfect dream home you've always been looking for!

JUST SOLD!  Congratulations to our clients on beating other parties before the open house weekend for a newer 1-bedroom and den condo near Joyce-Collingwood Station for under $531,000!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️

Buyers are less active today.  This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years.  Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today.

With reduced demand, detached homes are entering a buyers’ market and price growth in our townhome and apartment markets is showing signs of decelerating.

With fewer homes selling today compared to recent years, the number of homes available for sale is rising.  The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.

For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing.  It’s also important to work with your local Realtor to better understand these changing conditions.

Congratulations to our buyer for purchasing a duplex in Mt Pleasant! Thank you for your patience and trust in us for securing your duplex before the open house!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

Market conditions are changing.  Home sales declined in our region last month to a 17-year April low and home sellers have become more active than we’ve seen in the past three years.  The mortgage requirements that the federal government implemented this year have, among other factors, diminished home buyers’ purchasing power and they’re being felt on the buyer side today.

Home buyers have more breathing room this spring.  They have more selection to choose from and less demand to compete against.

Congratulations to our seller for receiving multiple offers for your PENTHOUSE with mountain views and having a record-setting sale at CANVAS in Mount Pleasant!

WHAT:  1 Bed, 1 Bath, Balcony, and Rooftop Patio; 696 sq. ft.
WHERE:  #605-417 Great Northern Way, Vancouver
LIST PRICE:  $738,000
MLS #:  R2263012
VIRTUAL TOUR:  https://youtu.be/TRvdwspFpVg

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

PENTHOUSE with mountain views for sale at CANVAS in Mount Pleasant!

WHAT:  1 Bed, 1 Bath, Balcony, and Rooftop Patio; 696 sq. ft.
WHERE:  #605-417 Great Northern Way, Vancouver
LIST PRICE:  $738,000
MLS #:  R2263012
VIRTUAL TOUR:  https://youtu.be/TRvdwspFpVg

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca

Like-new Penthouse available at Canvas built by Onni. Enjoy 360-degree views of Downtown Vancouver and the North Shore Mountains from your own private 272 sq. ft. rooftop patio with a gas hook up for your BBQ and all your entertaining needs! Indoors is a bright, open concept home with large floor-to-ceiling windows, laminate flooring throughout, stainless steel appliances, gas range, heated bathroom floors, and an additional 67 sq. ft. balcony on the main floor. This unit features the UPGRADED developer's package: walk-in shower with glass shower door, deluxe movable kitchen island, laminate bedroom floor, and laminate stair treads. It also includes a large parking stall and an over-sized storage locker. Amenities include: a gym, party room, huge workshop, and common area courtyard with a fire pit, etc. Pets and rentals are allowed.

JUST LISTED!  A beautiful, modern renovated Vancouver Special house with a double garage.  Nicest house on the block!  Open house on Saturday and Sunday, April 28th and 29th from 2-4PM!

ADDRESS: 1348 East 61st Avenue, Vancouver

DETAILS:  5-bedroom and 4-bathroom 2,128 sq. ft. house
LISTING PRICE:  $1,950,000
MLS:  R2260789

Features a legal rental suite that's tenanted for $1,250/month. Recreation room could be converted into a studio rental unit by adding a full kitchen (electrical and plumbing is roughed-in). Renovations include: 3 new bathrooms; new entertainment unit and electric fireplace insert; new flooring throughout the house; new blinds; and new appliances in main kitchen and laundry. Tile roof, radiant heating, and acrylic stucco exterior. Small vegetable and herb garden. Enjoy STUNNING evening views of Richmond from your private balcony and Master Bedroom. School catchment is Walter Moberly Elementary School and David Thompson Secondary School. Convenient location that's central to downtown, Richmond, Burnaby, etc. This home is truly a gem, you will not be disappointed!

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca

WHAT:  2 beds, 2 baths, 1 parking, 1 storage; 769 sq. ft.
WHERE:  #808 - 8131 Nunavut Lane, Vancouver
LIST PRICE:  $898,000
MLS #:  R2257255

All your daily needs are at your doorstep at MC2! This unit features an open layout with floor-to-ceiling windows, gourmet Bloomberg appliance package, modern heating and cooling system, and a large entertaining balcony with beautiful southwest exposure. Conveniently located across from Marine Gateway (T&T, Cineplex, Steve Nash Fitness Center, and Marine Drive Canada Line Station).

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca

Congratulations to our client for buying this house less than listing price near Lougheed Town Centre! We're excited to see you build your dream home!

WHERE:  673 Florence Street, Coquitlam 
LIST PRICE:  $1,398,000
MLS #:  R2248245

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

Congratulations to our clients for receiving multiple offers and sold $43,000 over asking after open house weekend despite a slower market!

WHERE:  #623 - 159 West 2nd Avenue, Vancouver
WHAT:  1 Bed + 1 Flex + 1 Bath; 524 SQ. FT.
LIST PRICE:  $599,000
MLS #:  R2247020
VIRTUAL TOUR:  https://youtu.be/x-ja4U3pt6Y

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year.  High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.

Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low.  Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.

Congratulations to our client for buying an upscale condo at RESIDE in Marpole!

WHAT:  1 Bed, 1 Bath, & Large Patio; 735 sq. ft.
WHERE:  #109 - 458 West 63rd Avenue, Vancouver 
LIST PRICE:  $895,900
MLS #:  R2244054

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

Open house this Saturday and Sunday, March 17th and 18th from 1:00-4:00PM!

WHERE:  #623 - 159 West 2nd Avenue, Vancouver
WHAT:  1 Bed + 1 Flex + 1 Bath; 524 SQ. FT.
LIST PRICE:  $599,000
MLS #:  R2247020
VIRTUAL TOUR:  https://youtu.be/x-ja4U3pt6Y

Brand new, GST PAID, bright, open-concept 1 bedroom and 1 full-sized flex condo unit with 1 parking spot in the heart of Olympic Village. Situated between both Main Street-Science World Station and Olympic Village Station. Steps to all amenities (community centre, banks, coffee shops, restaurants, daycare, seawall, etc.) that Olympic Village has to offer. With 8'4" ceilings, north-facing MOUNTAIN VIEW and floor-to-ceiling windows plus Juliet balcony offers plenty of natural light and faces. There is an 2nd and 8th floor rooftop landscape gardens with communal planters and BBQ lounge, gym, clubhouse with full kitchen facilities, lounge area with media, dining area, 2 extended indoor/outdoor patios, 12-hour concierge and much more.

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.

ca

3-year old house for sale this weekend near Knight Street. Currently, it is fully tenanted for $6,200 per month!

WHAT: 8 Beds and 7 Baths, including a basement suite and a laneway house; 3,268 sq. ft.
WHERE: 1315 East 62nd Avenue, Vancouver
LIST PRICE: $2,288,000
MLS #: R2243685
 
This spacious house with functional layout makes this home ideal for families or investors. It features four bedrooms upstairs, open concept living and dining rooms on the main floor, a basement suite, and a laneway house. The main living area has 10' ceilings, air conditioning, built-in speakers, two fireplaces, and the entire house has central vacuum rough-in and radiant heat. Conveniently located in South Vancouver with easy access to David Thompson Secondary School, Langara College, UBC, Oakridge Centre, Burnaby, Richmond, and more.

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca

Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market.  Even still, the supply of apartment and townhome properties for sale today is unable to meet demand.  On the other hand, our detached home market is beginning to enter buyers’ market territory.

The spring is traditionally the busiest time for home buyers and sellers in our market.  We will wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year.

For more in-depth information on February's market, please click below:

Greater Vancouver:  REBGV February 2018 Stats Package

Metro Vancouver:  MVR February 2018 Stats Package

Metro Vancouver (簡體中文):  MVR February 2018 Stats Package (簡體中文)

Fraser Valley:  FVREB February 2018 Stats Package

Congratulations to our sellers for having a record-setting sale at CANVAS in Mount Pleasant!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️

BRAND NEW house for sale this weekend near Fraser Street!

WHAT:  5 beds, 4 baths, a 2-bedroom bsmt suite, a bsmt media room; 2,252 sq. ft. house
WHERE:  4511 Harriet Street, Vancouver
LIST PRICE:  $2,499,900
MLS #:  R2235256

On one of the most desirable streets in up-and-coming Fraserhood. Main floor is bright, open and inviting with its 10’ ceilings and warm colour palette. The kitchen is equipped with a high-end stainless steel appliances, custom cabinetry and comp. stone counters. Dining space incorporates a built-in buffet and French doors opening onto a sun-soaked covered deck. Sleek glass railing leads you upstairs where you will find 3 bedrooms including a large master bedroom and elegant ensuite. A cozy media room greets you on the lower level as well as a private 2-bedroom suite.

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca

Congratulations to our clients for buying a lot with North Shore views in Burnaby! We can't wait to visit your new custom house next year!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

We wish you and your loved ones prosperity, good health, good fortune, and good luck!  Happy Chinese New Year!

恭喜發財！祝您和親人身體健康、心想事成、龍馬精神、財源滾滾來！恭喜！恭喜!

Open house this Saturday and Sunday, February 17th and 18th!

WHAT: 1 Bed, 1 Bath, Balcony, and Rooftop Patio; 696 sq. ft.
WHERE: #611-417 Great Northern Way, Vancouver
LIST PRICE: $729,000
MLS #: R2239270
VIRTUAL TOUR: https://youtu.be/Ox9OTEy2gr0

One year old PENTHOUSE unit at CANVAS, built by Onni. 360 degree views of Downtown Vancouver and the North Shore Mountains from your private 272 sq. ft. rooftop patio with a hot tub, gas hook up for your BBQ, and gardens! Indoors is a bright, open concept home with large floor-to-ceiling windows, laminate flooring throughout, stainless steel appliances, gas range, heated bathroom floors, and 67 sq. ft. balcony on the main floor. Building amenities include: fantastic gym, party room, large workshop, courtyard with fire pit, playground, garden plots, and more. Unbeatable location, next to Great Northern Way Campus and steps to seawall, transit (skytrain), Olympic Village, great restaurants, and more. Pets and rentals are allowed.

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca

Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver.  Buyers in the detached market are facing less competition and have much more selection to choose.  For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.

For all property types, the sales-to-active listings ratio for January 2018 is 26.2%.  By property type, the ratio is 11.6% for detached homes, 32.8% for townhomes, and 57.2% for condominiums.  Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.

For more in-depth information on January's market, please click below:

Greater Vancouver:  REBGV January 2018 Stats Package

Metro Vancouver:  MVR January 2018 Stats Package

Metro Vancouver (簡體中文):  MVR January 2018 Stats Package (簡體中文)

Fraser Valley:  FVREB January 2018 Stats Package

Like new TOWNHOUSE near Main Street!

WHAT:  3 beds, 3 baths, 1 parking spot; 1,245 sq. ft.
WHERE:  3165 St. George Street, Vancouver
LIST PRICE:  $1,199,900
MLS #:  R223290

BRIGHT CORNER UNIT:  3 blocks from the ultra cool and desirable Main Street corridor is this 3 yr new, sleekly finished town home spread over 4 flrs+ private rooftop deck. One of only 12 boutique homes spread over 1,245 sqft offers 3 bdrm/3 full bath generously appointed w/ over-sized windows, 8ft 5' ceilings, matte finished engineered oak flrs, gas range stove, quartz counters,full size w/d & over sized f/p. Beautiful glass encased staircases on every flr make for a truly modern living experience. Entertain on your 110 sqft rooftop deck, fitted with gas over looking the city. Plenty of street parking & footsteps to daily conveniences. Pets & rentals allowed. 1 parking stall as well as bike room. Strata fee $264/month.

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca.

Brand new LUXURY house in Dunbar!

WHAT:  5 beds, 6.5 baths; 5,496 sq. ft. house
WHERE:  3425 West 34th Avenue, Vancouver
LIST PRICE:  $8,888,888
MLS #:  R2229955

BRAND NEW LUXURY HOME, this 3 level custom design home with custom landscaping on VERY QUIET street was built to impress with amazing design and exquisite quality. Upon entering home you will notice the detailed custom millwork, beautiful wallpaper, glass railings & crystal contemporary chandeliers throughout home. Main floor offers OPEN living room, dining room, family room, high-end gourmet kitchen w/ Miele stainless steel appliances & marble back-splash, wok kitchen. Upper level has 4 bedroom en-suites with His & Her walk in closets & luxury spa master en-suite with steam shower. Lower level features multipurpose recreation room, theatre room, bar, wine cellar, full spa room w/ steamroom & sauna & guest room + guest ensuite. A must see!

Contact us for a showing today by phone at 604.836.0506 ☎️ or by email at info@sterlingwong.ca.

It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings. Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.

Market activity differed considerably this year based on property type.  Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace.  The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.

For more in-depth information on December's market, please click below:

Greater Vancouver:  REBGV December 2017 Stats Package

Metro Vancouver:  MVR December 2017 Stats Package

Metro Vancouver (簡體中文):  MVR December 2017 Stats Package (簡體中文)

Fraser Valley:  FVREB December 2017 Stats Package

We would like to thank you for your continued support!

We wish you and your loved ones great joy, peace, and hope!  Merry Christmas and Happy New Year!

Congratulations TY and KY on purchasing a one-bedroom condo near King George Station for under $380,000!  Thank you for your patience and trust in us for dealing with multiple offer situations!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process! Experience matters. ☎️

We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets.  While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

For more in-depth information on November's market, please click below:

Greater Vancouver:  REBGV November 2017 Stats Package

Metro Vancouver:  MVR November 2017 Stats Package

Metro Vancouver (簡體中文):  MVR November 2017 Stats Package (簡體中文)

Fraser Valley:  FVREB November 2017 Stats Package

Congratulations to our sellers for receiving multiple offers and having a record-setting sale at VYA in Mount Pleasant!

WHAT:  Studio, 1 Bath, & Enclosed Balcony/Solarium; 509 sq. ft.
WHERE:  #201-233 Kingsway, Vancouver
LIST PRICE:  $499,000
MLS #:  R2218456
VIRTUAL TOUR:  https://youtu.be/UfyGYWxVTnY

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️

Come visit my open house this Saturday, November 4!

WHAT:  Studio, 1 Bath, & Enclosed Balcony/Solarium; 509 sq. ft.
WHERE:  #201-233 Kingsway, Vancouver
LIST PRICE:  $499,000
MLS #:  R2218456
VIRTUAL TOUR:  https://youtu.be/UfyGYWxVTnY

This well laid out south-facing, spacious 509 sq. ft. unit features: engineered hardwood floors, stainless steel appliances, and quartz countertops.  Enjoy a two-level garden terrace with a BBQ area, a fire pit, and an adjacent amenity room.  Walking distance to restaurants, cafes, parks, mall, libraries, banks, downtown, transit, future skytrain station, and more. Pets and rentals allowed.

Contact us for a showing today by phone at 604.836.0506 ☎️ or email at info@sterlingwong.ca

Conditions continue to vary significantly based on property type.  The detached home market is well supplied with homes for sale, which is relieving pressure on prices.  It remains a much differently story in the townhouse and apartment markets.  Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices.

The growth in our provincial economy and job market is contributing to today's demand.  The federal government's announcement of plans to tighten mortgage requirements for the seventh time in the past eight years also helped spur activity in the short term.  Many buyers are trying to enter the market before the changes are in place.

For more in-depth information on October's market, please click below:

Greater Vancouver:  REBGV October 2017 Stats Package

Fraser Valley:  FVREB October 2017 Stats Package

Metro Vancouver:  MVR October 2017 Stats Package

Metro Vancouver (簡體中文):  MVR October 2017 Stats Package (簡體中文)

Mount Pleasant's newest boutique addition!  This well laid out south-facing, spacious 509 SF unit features: sliding bedroom doors, engineered hardwood flooring, enclosed balcony/solarium, stainless steel appliances, and quartz countertops.  Enjoy a two-level garden terrace with a BBQ area, a fire pit, and an adjacent amenity room.  Walking distance to restaurants, cafes, parks, downtown, transit, future skytrain station, and more.  Pets and rentals allowed. 

Contact us for a showing today! ☎️

The first residential tower will be 39 storeys featuring 434 one-bedroom and two-bedroom homes starting at $299,900!  Just an elevator ride away to King George Station and two future transit lines, offices, shops, restaurants, and much more.

Suite selection is this Saturday, October 21st from 12pm to 5pm.

JUST SOLD!  Congratulations JZ on beating other parties before the open house weekend for a brand new two-bedroom condo near King George Station for under $590,000!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️

Previews on Saturday, October 14th.

Highly anticipated release of the third phase of Avalon Park at River District. It features 1, 2, and 3-bedroom homes in a 25-storey tower and 6-storey midrise, along with townhomes and live-work homes.  Steps away from a 20,000 SF courtyard and Town Centre (banks, coffee shop, groceries, and more).

Previews this weekend on Saturday, October 7 and Sunday, October 8 from 12:00pm to 5:00pm.  Suite requests submission on Wednesday, October 11.

Lumina is a purposefully-built community located in the city’s most desirable neighbourhood. A quick 7-minute stroll takes you to Brentwood SkyTrain Station where you can catch a short ride to Downtown on the Millennium Line.  Connect onto the Evergreen and Expo Lines for easy access to Surrey and Coquitlam.

Please message me for exclusive access.

Our detached homes market is balanced today, while apartment and townhome sales remain in sellers' market territory.  If you’re looking to enter the market, as either a buyer or seller, it’s important to understand these trends and use this information to set realistic expectations.

Detached homes made up 30 per cent of all sales in September and represented 62% of all the homes listed for sale on the MLS®.  This dynamic has slowed the pace of upward pressure that we’ve seen on detached home prices in our market over the last few years.

For more in-depth information on September's market, please click below:

Greater Vancouver:  REBGV September 2017 Stats Package

Fraser Valley:  FVREB September 2017 Stats Package

Metro Vancouver:  MVR September 2017 Stats Package

Metro Vancouver (簡體中文):  MVR September 2017 Stats Package (簡體中文)

Étoile is located between Brentwood Town Centre and Holdom Station.  Sales start this Saturday at 11am and the first 100 purchasers will receive a free storage locker with their new home, valued at $5,000 each!

Please message me for more details.

Lumina is a purposefully-built community located in one of Burnaby's most desirable neighbourhood. A quick 7-minute stroll takes you to Brentwood Town Centre.

Please message me for exclusive access.

JUST SOLD!  Congratulations SB on winning a multiple offer situation for a two-bedroom condo in downtown New Westminster for under $490,000!

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️

First-time home buyers have led a surge this summer in demand in condo and townhouse markets.  Homes priced between $350,000 and $750,000 have been subject to intense competition and multiple offers across the region.

On the other hand, detached homes have entered a balanced market.  This means there is less upward pressure on prices and that buyers have more selection to choose from and more time to make their decisions.

For more in-depth information on August's market, please click below:

Greater Vancouver:  REBGV August 2017 Stats Package

Fraser Valley:  FVREB August 2017 Stats Package

Metro Vancouver:  MVR August 2017 Stats Package

Metro Vancouver (簡體中文):  MVR August 2017 Stats Package (簡體中文)

Housing demand is inconsistent across the region right now.  Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location.  For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.

Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year.

For more in-depth information on July's market, please click below:

Greater Vancouver:  REBGV July 2017 Stats Package

Fraser Valley:  FVREB July 2017 Stats Package

Two distinct markets have emerged this summer.  The detached home market has seen demand lease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type.

Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS®.  Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.

Market conditions will vary today depending on area and property type.  It’s important to work with your local REALTOR® to help you understand the trends that are occurring in your community.

For more in-depth information on June's market, please click below:

Greater Vancouver:  REBGV June 2017 Stats Package

Fraser Valley:  FVREB June 2017 Stats Package

We are incredibly thankful and blessed to work with amazing clients.  Thank you for all your support!

Whether the real estate market is hot or cold, we produce amazing results through experience, hard work, and fantastic customer service.  Please contact us to see how we can make it happen for you - saving you time and money in the process!  Experience matters. ☎️

Demand for condominiums and townhomes is driving today’s activity.  First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing.  Home buyers are beginning to have more selection to choose from in the detached market, but the number of condominiums for sale continues to decline.

While sales are inching closer to the record-breaking pace of 2016, the market itself looks different.  Sales last year were driven by demand for single-family homes.  This year, it's clear that townhomes and condominiums are leading the way.  It’s important to work with your local REALTOR® to understand the different factors affecting the market today.

For more in-depth information on May's market, please click below:

Greater Vancouver:  REBGV May 2017 Stats Package

Fraser Valley:  FVREB May 2017 Stats Package

SOLD $252,000 over asking price!  Congratulations to our sellers!  We set a new record breaking price for Killarney area despite slower housing sales in the area.  Thank you for your patience and trust in us to renovate and sell your house!  Smart renovations will yield great returns, and in this case, over 1000%.

WHERE:  5771 Clarendon Street, Vancouver
WHAT:  5 beds + 2 baths; 1,868 sq. ft. HOUSE on a 4,915 sq. ft. LOT

LISTING PRICE:  $1,398,000

MLS #:  R2164701
VIRTUAL TOUR:  https://youtu.be/92PMs_-h0pA

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️  

SOLD BELOW ASKING!  Congratulations to our buyer!  We are excited that you will be downsizing from a house to a condo in downtown Vancouver.  Thank you for your patience and trust in us to find your new home!

WHERE:  Spectrum in downtown Vancouver
WHAT:  1 bed + den; 686 SQ. FT.

LISTING PRICE:  $575,000

Please contact us to see how we can achieve your real estate goals - saving you time and money in the process!  Experience matters. ☎️

Newly Renovated Killarney House For Sale!

WHAT: 5 Beds + 2 Bath; 1,868 sq. ft. HOUSE on a 4,915 sq. ft. LOT

WHEN: Sat. and Sun., May 13th and 14th from 2:00 to 4:30 PM

WHERE: 5771 Clarendon Street, Vancouver

LIST PRICE: $1,398,000
MLS #: R2164701

Central Killarney home for sale! Huge 42' x 117.03' on a rectangular, flat lot with a triple car garage and lane access. Newer roof, replaced in 2015. Recent renovations in 2017 include: new wide plank laminate floors and new bathroom on the main level and fresh paint throughout the entire house. This lovely home is move-in ready, enjoyable for many years to come. Walking distance to bus stops, restaurants, London Drugs Plaza, Killarney Market, Nanaimo Park, Waverley Elementary, Killarney Secondary, and more. Do not miss this great opportunity before it is gone!

If you want a private showing, please call me at 604.836.0506 ☎️ or email me at info@sterlingwong.ca.

Our overall market is operating below the record-setting pace from a year ago and is in line with historical spring levels.  It’s a different story in our condominium and townhome markets.  Demand has been increasing for months and supply is not keeping pace.  This dynamic is causing prices to increase and making multiple offer scenarios the norm.

Until more entry level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase.  There’s been record building this past year, but much of that inventory isn’t ready to hit the market.  Home buyers are looking to get into the market and they’re facing fierce competition.  It’s important to work with your local Realtor to help you navigate today’s marketplace.

For more in-depth information on April's market, please click below:

Greater Vancouver:  REBGV April 2017 Stats Package

Fraser Valley:  FVREB April 2017 Stats Package