May 2023 Newsletter

Andy Schildhorn • May 23, 2023

HELLO EVERYONE AND WELCOME TO OUR MAY 2023 NEWSLETTER!

First up, let's dive into the market update. According to a recent report from Daily Hive Vancouver, new housing approvals in Vancouver have seen significant growth in 2022. To learn more, click the link below.
 
Now, let's highlight our featured listing of the month. Introducing 8618 217A Street. Here we have development potential. To explore all the details and photos, visit the link provided.
 
Join us on June 9th for a Facebook Live session. We'll discuss real estate topics, answer your questions, and provide valuable insights. Mark your calendars. Click below to see last month’s session.
 
We take great pride in the satisfaction of our clients. Don't just take our word for it! Hear what Carol and Howard have to say.
 
Now, let's take a closer look at the Langley market. House prices in Langley have experienced a 17.7% decrease in detached home sales from last year. Additionally, listings are down by 33.2%, and sales have seen a decline of 14.7%. Stay informed about the local market trends by clicking the link in the description.

Plan a three-day getaway in Langley. Explore the best attractions, activities, and culinary delights. Start planning your escape by clicking the link below.

Is your mortgage renewal coming up? Read our latest blog post by Rita, our mortgage expert, to make informed decisions. Click the link in the description.

Stay updated with the latest industry news. Explore curated articles, including one from Business in Vancouver, where BC home sales register the first back-to-back monthly gain this year. Click the link in the description.

If you have any questions or need guidance in these changing market conditions, reach out to us today. With over 30 years of experience, we're here to help you navigate the real estate landscape.

Thanks for stopping by, have an awesome day, and we can't wait to meet you soon!

🏡📉 Fraser Valley Real Estate Sales Level Off as Market Enters Seasonal Slowdown 🍂⏳

By Andy Schildhorn • August 13, 2025
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.

🤗 Sometimes we need to smile.

By Andy Schildhorn • August 12, 2025
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

🚗 Live Traffic Views in Langley

By Andy Schildhorn • August 11, 2025
The Township of Langley Traffic Cameras for up to date traffic information. Click here
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