September 2022 Newsletter
Andy Schildhorn • September 26, 2022
HELLO EVERYONE AND WELCOME TO OUR SEPTEMBER NEWSLETTER!
We are seeing a 51 percent decrease in sales compared with this time last year. Homebuyers and sellers are exercising caution with the rising interest rates.
Looking for a rooftop patio in the heart of Willoughby with a great walk score? Check out 12 – 20852 78B Ave. This home is immaculate and with a new price.
This month’s Facebook Live dives deep into our changing markets. We took a detailed look at market statistics and discussed how affordability changes.
Jen and Jeremy thought it was time to make a lifestyle change, and they sure did. All the best to you both, and enjoy island living
Our Langley Market Report is showing detached home prices are up 9.1% from last year, with listings down by 157.7% and sales volume down by 47.2% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 4.6% from last month, July of this year and down 10.5% from April’s peak in the market.
The Kwantlen First Nation is putting on the 1st Annual Salmon and Cranberry Harvest Celebration. It is held at McMillan Island Park on October 1st from 10:00am to 3:00pm. I invite everyone to attend and will see you there.
Rita Cousins Mortgage Broker talks about timing a retirement, and in this declining market, perhaps a reverse mortgage is the way to go.
This fall season is shaping up to be an entertaining one. Here are 31 things to do, read and watch in the Vancouver area.
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.
We are seeing a 51 percent decrease in sales compared with this time last year. Homebuyers and sellers are exercising caution with the rising interest rates.
Looking for a rooftop patio in the heart of Willoughby with a great walk score? Check out 12 – 20852 78B Ave. This home is immaculate and with a new price.
This month’s Facebook Live dives deep into our changing markets. We took a detailed look at market statistics and discussed how affordability changes.
Jen and Jeremy thought it was time to make a lifestyle change, and they sure did. All the best to you both, and enjoy island living
Our Langley Market Report is showing detached home prices are up 9.1% from last year, with listings down by 157.7% and sales volume down by 47.2% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 4.6% from last month, July of this year and down 10.5% from April’s peak in the market.
The Kwantlen First Nation is putting on the 1st Annual Salmon and Cranberry Harvest Celebration. It is held at McMillan Island Park on October 1st from 10:00am to 3:00pm. I invite everyone to attend and will see you there.
Rita Cousins Mortgage Broker talks about timing a retirement, and in this declining market, perhaps a reverse mortgage is the way to go.
This fall season is shaping up to be an entertaining one. Here are 31 things to do, read and watch in the Vancouver area.
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.
Fraser Valley home prices have now fallen for seven straight months — here’s what it means for buyers and sellers. π October 2025 Fraser Valley Market Overview Fraser Valley home prices have now fallen for seven straight months — the longest correction since 2019. According to the Fraser Valley Real Estate Board’s October report: π Sales: 1,123 homes sold (+17% MoM / –16% YoY) π Active Listings: 10,121 (+15% YoY) π Sales-to-Active Ratio: 11% → firmly a buyer’s market π° Benchmark Prices π‘ Detached: $1,411,900 (–0.6% MoM / –5.1% YoY) ποΈ Townhomes: $786,000 (–1.2% MoM / –5.6% YoY) π’ Condos: $506,400 (–0.8% MoM / –6.8% YoY) π Composite: $919,900 (–0.7% MoM / –5.3% YoY) πΉ Interest Rates & Economy The Bank of Canada rate holds at 2.25%. Inflation is easing, but tariffs and a slower global economy add uncertainty. Major banks remain split — some expect stability through 2026, others forecast small rate cuts next year. π¬ Real Client Story One of my recent clients moved from Vancouver Island to Langley to be closer to family — proof that even in a slower market, the right timing and strategy still create success. π Read her review: π https://rankmyagent.com/agent/reviews/171562 π§ What This Means for You If you’re buying, inventory is strong and competition is light. If you’re selling, pricing for today’s reality — not last year’s memory — is key. After seven months of price declines, the market is recalibrating — not crashing. With realistic pricing and a clear plan, opportunities are still out there.
This year, as they have for years, thousands are again expected to attend Remembrance Day in Fort Langley and honour the memory of the community’s war dead at the largest memorial service in the Langley area. π More Details Here
This top-floor home features a spacious layout, ample natural light, and a quiet location, just steps from shopping, parks, and public transit. Whether you're downsizing or buying your first home, this is one you’ll want to see in person. πMore Details Here
