February 2023 Newsletter
Andy Schildhorn • February 23, 2023
HELLO EVERYONE AND WELCOME TO OUR FEBRUARY 2023 NEWSLETTER!
The British Columbia Real Estate Association is forecasting that B.C. housing sales and prices to further decline in 2023. Perhaps a good time to purchase?Our featured listing, 8825 McAllister, is located on a child-friendly street in Fort Langley! A few minutes’ walk to the Elementary School and to downtown Fort Langley. Move your family to where community is a lifestyle.
Join us on our Facebook Live Sessions.
Our next look at the numbers is March 10 at 11:00.
Taron was a lot of fun to work with. We wish him all the best in his ventures. Take care.
Our Langley Market Report shows detached home prices are down 16.3% from last year, with listings up by 124.4% and sales volume down by 28.6% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 22% from the market high in March.
The Annual Fort Langley Film Festival returns this weekend. The festival celebrates emerging talent and creativity in the film industry.
Rita Cousins, Mortgage Broker, gives us an update on Second Mortgages and how they can help you.
Mortgage fraud protection. This is a topical issue, and here is how you can protect yourself.
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.
π‘ Fraser Valley home prices back to pandemic-era levels under the weight of economic headwinds and sustained inventory π SURREY, BC – Home prices in the Fraser Valley fell for the tenth consecutive month in January, pushing the Benchmark price below $900,000 for the first time since spring 2021. The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to $897,200, down 6.9 per cent year-over-year. The continued softening of prices wasn’t enough to get buyers off the sidelines, as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service® (MLS®) in January, a 33 per cent decrease from December, and 24 per cent below sales from the same month last year. New listings increased 128 per cent in January to 3,078, reflecting the typical seasonal patterns; however, activity remained 10 per cent below last year’s levels.
Who needs a hammock? Check out LAPS for adoptables π β π£"Do what is right, not what is easy.” - Roy T. Bennett
βΈοΈ Fraser Valley Market Paused | 2026 Outlook Looking for straight talk about real estate in Langley and the Fraser Valley? In this playlist, Realtor Andy Schildhorn shares honest, experience-backed insights into the housing market, the buying and selling process, and what’s really going on behind the scenes. Whether it’s market conditions, policy changes, or personal stories that affect buyers and sellers alike, Andy Talks Real Estate & More brings a local, no-fluff perspective that helps you make smarter decisions—without the jargon. ποΈ Real estate insights with 30 years of experience π Focused on Langley, Fort Langley, and Fraser Valley communities π¬ Includes conversations, quick tips, personal experiences & more Ready to make your next move with clarity and confidence? π
Book a call: https://rly.forsale/Chat-with-Andy π 778-835-8957 π www.AndytheRealtor.com
