May 2022 Newsletter
Andy Schildhorn • May 20, 2022
We are seeing climbing interest rates, inflation and buyer fatigue.
What is in store for pricing? Well here is one forecast from the Royal Bank of Canada of a 3.8% dip.
Our featured listing is 25414 72nd Ave. Here we have a 6 plus acre property just east of Fort Langley. No curtains needed here. This is a very private acreage.
Our Facebook live event talks about market statistics, mortgage rates and what is happening in Langley. Always an interesting time.
Thank you to David and Josee. It was enjoyable working for you again. It is always nice to see past clients again.
Our Langley Market Report is showing detached home prices are up 32.7% from last year with listings up by 7.09% and sales volume down by 48.6% 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.
The annual Applewood Valley GranFondo is opening up for riders. Volunteers are needed. So get your bikes out or put your name forward to volunteer.
Rita Cousins Mortgage Broker has that difficult discussion of divorce, separation and real estate. How can you split your equity without selling?
In the News, The return to a more traditional pace of home sales over the last two months provides homebuyers more time to make decisions, secure financing and perform other due diligence such as home inspections.
Well, that’s it for this month. Want to talk Real Estate? 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.
Our featured listing is 25414 72nd Ave. Here we have a 6 plus acre property just east of Fort Langley. No curtains needed here. This is a very private acreage.
Our Facebook live event talks about market statistics, mortgage rates and what is happening in Langley. Always an interesting time.
Thank you to David and Josee. It was enjoyable working for you again. It is always nice to see past clients again.
Our Langley Market Report is showing detached home prices are up 32.7% from last year with listings up by 7.09% and sales volume down by 48.6% 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.
The annual Applewood Valley GranFondo is opening up for riders. Volunteers are needed. So get your bikes out or put your name forward to volunteer.
Rita Cousins Mortgage Broker has that difficult discussion of divorce, separation and real estate. How can you split your equity without selling?
In the News, The return to a more traditional pace of home sales over the last two months provides homebuyers more time to make decisions, secure financing and perform other due diligence such as home inspections.
Well, that’s it for this month. Want to talk Real Estate? 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 😀
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