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!
The event kicks off on the Friday at noon and carries on all weekend long. That’s why organizers of RibFest lined up an array of entertainment Aug. 15 to 17 on the main stage at McLeod Athletic Park.👉 More Details Here
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
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.
