June 2022 Newsletter
Andy Schildhorn • June 17, 2022
HELLO EVERYONE AND WELCOME TO OUR JUNE NEWSLETTER!
The regulator for British Columbia's real estate sector has recommended that the province adopt a so-called "cooling-off" period
of three business days. How this will work is still unknown? How does this protect Seller remains to be seen?
Attention Willoughby first-time home buyers or Investors. Located in sought-after Yorkson Creek, check out #353 8328 207A St. It is very well priced.
This month’s Facebook live session went into depth on our changing market, market statistics, mortgage rates and what is happening in Langley. Always an interesting time.
Repeat clientele are always appreciated. Especially when it is inter-generational. Thank you Margaret and Selena.
Our Langley Market Report
is showing detached home prices are up 25.7% from last year with listings up by 30.7% and sales volume down by 50.8% year over year. The same could be said for Condos and Townhomes in the Langley area. It is still very much a Seller’s market out there.
Langley City is having its Community Day this Sunday June 18, Father’s Day. Lots of activities for the whole family. See you there.
Rita Cousins Mortgage Broker talks about the four steps to home ownership?
In the News, we have a piece discussing sales dropping over 50%. Perhaps a buying opportunity is presenting itself.
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!
In this episode of Andy Talks Real Estate, I break down the November Fraser Valley real estate market and explain what the numbers actually mean if you’re thinking about buying or selling a home. This market has slowed as we head into the holiday season. Inventory is contracting. Sales are down. Prices have softened after several months of gradual decline. And that shift is creating very different opportunities depending on which side of the market you’re on. For Buyers: Buyers are firmly in control right now. You have more choice, more time, and the ability to negotiate properly. Conditions are back Home inspections matter Financing protection matters Time to make informed decisions Based on what I’m seeing, this buyer-friendly environment is likely to carry into early 2026. For Sellers This is not a market where you can rely on last year’s pricing or momentum. Accurate pricing is critical Professional preparation matters Strong marketing makes the difference Strategy beats waiting Homes that are positioned correctly are selling. Homes that miss the mark are sitting. Market Context The data comes directly from the Fraser Valley Real Estate Board, including: Sales activity New listings Months of inventory Housing Price Index trends Langley-specific market shifts The market feels more like a buyer’s market than a balanced one when you’re out touring homes. Looking Ahead There are early signs of pent-up demand, particularly among buyers with insured mortgage pre-approvals. January and February may stay quieter Activity is likely to build into late winter and spring Preparation is the advantage Have a plan. Know your options. Move when the timing is right for you.
Some days you’re polished. Some days you’re just… memorable. Check out LAPS for adoptables 😀
The Township of Langley Traffic Cameras for up to date traffic information. Click here
