Andy Talks Real Estate ~ November 10 2023
Andy Schildhorn • November 13, 2023
Let's see where the market numbers are headed and what this means to buying or selling your home.
Also, Jeanette will be sharing the various Remembrance Day Ceremonies happening in The Langleys! Remembrance Day Ceremonies happening in the Township of Langley and City of Langley on November 11th, 2023. TOL website: https://www.tol.ca/en/news/remembranc...
City of Langley website: www.city.langley.bc.ca
#lestweforget
Fraser Valley Real Estate Market Update | 2025 Year-End Review I love looking at the numbers. Not just the headlines, but what the numbers actually tell us when you slow down and connect the dots. And the headline for 2025 is simple. π Sales in the Fraser Valley fell to their lowest level in more than 20 years. That sounds dramatic. But this wasn’t a collapse. It was a pause. π₯ In this video, I walk through the full year-end 2025 statistics from the Fraser Valley Real Estate Board, break down what really defined the market, and explain what actually matters going forward. π Here’s what I cover in this update: π 2025 Fraser Valley sales volume and historical context ποΈ Why rising inventory changed buyer behaviour π What the sales-to-active listings ratio tells us π² Benchmark pricing by property type π§ Why confidence matters as much as the numbers π How buyers and sellers should position heading into 2026 π Market data referenced in this video: • Year-end statistics from the Fraser Valley Real Estate Board • Benchmark pricing and HPI trends • Sales-to-active listings ratios • Detached, townhome, and apartment breakdowns β οΈ Important note: Market statistics provide context, not guarantees. Real estate is local. Strategy matters. π Full market stats link: https://rly.forsale/DecStats
Some days you’re polished. Some days you’re just… memorable. Check out LAPS for adoptables π
SURREY, BC – Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favourable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades. The Fraser Valley Real Estate Board recorded 12,224 sales on its Multiple Listing Service® (MLS®) in 2025, a decline of 16 per cent over 2024 and 33 per cent below the 10-year average. The City of Surrey accounted for the majority of 2025 sales at 48 per cent, with Langley and Abbotsford accounting for 24 per cent and 16 per cent respectively. On the supply side, buyers had more choice than at any point in the past four decades, as new listings climbed to 37,963. The composite Benchmark home price in the Fraser Valley closed the year at $905,900, down six per cent year-over-year, and down 24 per cent from the peak in March 2022.
