May 2022 Newsletter

Dated: May 20 2022

Views: 24

Andy The Realtor

   HELLO EVERYONE

    AND WELCOME TO OUR MAY NEWSLETTER

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.

 
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MARKET UPDATE : MAY 2022

B.C. homes prices are forecast to dip 3.8% next year following interest rate hikes (CTV News)

Rising interest rates will likely trigger a "modest price correction" in Canadian real estate next year, with B.C. and Ontario seeing the biggest drops, according to a new housing forecast.

 

Royal Bank of Canada is predicting the aggregate benchmark price will decline 2.2 percent nationwide in 2023, down to $776,900, with a more pronounced impact in some of the country's hottest real estate markets.

 
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FEATURED LISTING: 25414 72 Avenue

A gated treed driveway leads to a private and attractive park-like setting with no neighbours. This home is close to Thunderbird Show Park - BC's premier equestrian event facilities. Unique features included a cathedral height foyer centred with a spiral wrought iron staircase, European-designed doors, high-grade carpets and high-performance vinyl planking.

 
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FACEBOOK LIVE SESSION

JOIN US

Time for Realtor Andy Schildhorn and local Langley business owner Jeanette Y. Martin of MYBC Consulting to Talk Real Estate & MORE on the Andy Talks Real Estate episode!

 

Market numbers are indicating a change or a correction... Andy knows the difference! The community is back in full swing with events... Jeanette knows what's happening!

 

 
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TESTIMONIALS

 

 

Andy as always having you represent us was a pleasure.

 

In a field with so many people for us to work with, having a team that we truly trust makes the whole experience that much less stressful.


Thank you again

- David and Josee

 
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LANGLEY MARKET REPORT

 
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AROUND LANGLEY

 

The annual Applewood Valley GranFondo is committed to giving back to the sport of cycling. Created in partnership with like-minded organizations, the event is dedicated to promoting healthy living by bringing families and friends together through the sport of cycling and raising funds to support the growth of the sport throughout the community it serves.

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Andy Schildhorn

My job is simple—I help clients find a place to call home in the community I love. I’ve lived in Langley for 25 years, and have been in Real Estate since 1992.If you’re a buyer, I he....

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