Fraser Valley Market: Buy, Sell or Wait? ⏳
Andy Schildhorn • September 9, 2024
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🏠 Fraser Valley Real Estate Update: Are buyers still holding back? Despite three consecutive rate cuts, the market remains sluggish, with August marking one of the slowest months in over a decade. What does this mean for buyers and sellers? Let’s break it down.
In this video, I’ll cover the latest stats from the Fraser Valley Real Estate Board:
- Sales down 13% from July
- A 30% drop compared to the 10-year seasonal average
- Inventory levels still 37% higher than last year
- What the latest Bank of Canada rate cut means for you
Are you a buyer waiting on the sidelines, hoping for better affordability? Or a seller wondering how to price your home in this slower market? Now is the time to make informed decisions, and I’m here to guide you with 30 years of experience in real estate.
📊 For the full market stats, Click the link
💬 What do you think about the latest rate cut? Will it spark activity or will buyers continue to wait? Drop your thoughts in the comments!
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Ready to discuss your real estate goals? Use the link below to book a call with me, and we can discuss how to navigate these market changes.
📅 https://calendly.com/andyschildhorn
📞 778.835.8957
📧 andy@andytherealtor.com
🌐 www.AndytheRealtor.com
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Your Langley and Fraser Valley Realtor.
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The Township of Langley Traffic Cameras for up to date traffic information. Click here
Langley's growth may slow down as a result of changing immigration rules, but it is still expected to have more than 280,000 residents by 2051, according to recent Metro Vancouver growth estimates. The report, by the Metro Vancouver Regional District's regional planning committee, was released earlier this month and has three growth scenarios – low, medium, and high. As of 2024, Metro Vancouver estimated Langley City had 35,316 residents, and the Township had 162,926, for a total of 198,242. 👉 More Details Here
