July 2022 - Week 4 Stats for Surrey, Cloverdale, & Langley
Posted on Jul 31, 2022
Here’s what happened in the 4th week of July in the Surrey, Cloverdale & Langley housing market!
This week was similar in comparison to last week in terms of sales for all 3 property types. The biggest change was in the number of new listings for all the property types in Surrey, Cloverdale & Langley.
If we compare the numbers with June to now, both...
Mandatory Cooling Off Period Will Go Into Effect in BC
Posted on Jul 26, 2022
The BC Government announced a Homebuyer Protection Period (HPP), also known as a “cooling off period,” to take effect on January 1, 2023. Here are the details:
This protection period ONLY applies to offers that are unconditional – offers that do not have clauses/subjects such as subject to financing and subject to inspection. If you have an accepted...
Seller Myth: A First Strong Offer Means You Priced Too Low...
Posted on Jul 25, 2022
There are always a few real estate myths floating around out there. And if you’re selling a home right now, this is definitely one you don’t want to fall for!
Here’s the myth: A first strong offer means you priced too low.
On the surface, this makes sense. When your first offer comes through and it’s a good one, you might be wondering if you’re missi...
July 2022 - Week 3 Stats for Surrey, Cloverdale, & Langley
Posted on Jul 24, 2022
Here’s what happened in the 3rd week of July in the Surrey, Cloverdale & Langley housing market!
This week was similar in comparison to last week in terms of new listings coming to the market for single family homes while new listings increased for condos and townhomes in all 3 areas. Sales were like last week as well as they were low.
Overall if we...
Understanding a Buyer's, Seller's or Balanced Market!
Posted on Jul 19, 2022
There are 3 Real Estate markets classifications: Buyer’s Market, Balanced Market, & Seller’s Market.
Each market is determined by the Sales to Active Listings Ratio. This ratio compares how many homes have sold vs how many active listings are in the market.
A balanced market is when supply meets the demand. This means that there is enough demand from...
July 2022 - Week 2 Stats for Surrey, Cloverdale, & Langley
Posted on Jul 17, 2022
Here’s what happened in the 2nd week of July in the Surrey, Cloverdale & Langley housing market!
It was a slower week compared to last week in terms of new listings coming to the market and the number of sales in all 3 neighbourhoods. That is expected since kids are off school and lots of people are gone on vacations.
This was also an important week...