August 2022 Newsletter
Andy Schildhorn • August 22, 2022
HELLO EVERYONE AND WELCOME TO OUR AUGUST NEWSLETTER!
Uncharted territory:
What does rising interest rates mean for home-buyers. It is a whole new market out thereLooking for a roof top patio in the heart of Willoughby with a great walk score? Check out 12 – 20852 78B Ave.
This home is immaculate
In this month’s Facebook Live we went into depth on our changing market. Took a look at our market statistics and discussed how affordability is changing.
Michael and Pearl Berry were very interesting clients who brought a whole new perspective on how to sell a home. I appreciated their insights. All the best to you both.
Our Langley Market Report is showing detached home prices are up 16.2% from last year with listings down by 123.6% and sales volume down by 52.0% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 8% from last month July of this year.
The Fort Gallery is presenting a summer art auction fundraiser. This local Fort Langley Gallery, a mainstay in the Village, supports local artists with public outreach and education.
Rita Cousins Mortgage Broker explains some of the terminology when buying a home.
CMHC has come out with a report that government fees impact the cost of new home construction by up to 24%
Well, that’s it for this month. Want to talk Real Estate? Let my 25 plus years help guide you through these changing market conditions? Text, Email or Call and we can set up a time to discuss your plans.
Thanks for dropping by, have a great day and I look forward to meeting you soon.
SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales. The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average. The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.
I'm going to be honest with you, I almost forgot to write this email this week. Got caught up with Fort Langley Jazz Festival. and almost ran out of time. Barely got this in under the wire. I think its a great edition of the newsletter. Performance under pressure! haha LAPS is here. 📣 "Success is not in what you have, but who you are." - Bo Bennett
The Township of Langley Traffic Cameras for up to date traffic information. Click here
