{"id":1961,"date":"2024-03-27T14:08:38","date_gmt":"2024-03-27T18:08:38","guid":{"rendered":"https:\/\/www.caianderson.com\/blog\/?p=1961"},"modified":"2024-03-27T14:08:39","modified_gmt":"2024-03-27T18:08:39","slug":"prices-up-again","status":"publish","type":"post","link":"https:\/\/www.caianderson.com\/blog\/2024\/03\/27\/prices-up-again\/","title":{"rendered":"Prices up Again&#8230;"},"content":{"rendered":"\n<p>Last month was the first time we saw sale prices increase in the Langley and Fraser Valley Real estate market. Before this increase, the last time sale prices saw an increase was July 2023. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"457\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Fraser-Valley-Sale-Prices-1024x457.png\" alt=\"\" class=\"wp-image-1964\" style=\"width:775px;height:auto\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Fraser-Valley-Sale-Prices-1024x457.png 1024w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Fraser-Valley-Sale-Prices-300x134.png 300w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Fraser-Valley-Sale-Prices-768x343.png 768w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Fraser-Valley-Sale-Prices-1536x685.png 1536w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Fraser-Valley-Sale-Prices-2048x914.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>With sale prices increasing and rates expected to drop, it should be expected that prices will continue to trend upwards.  However, recently, we have seen a surge of new, and active listings hit the market in the Valley.  Looking at the new listings outlined below, we can see they have been on an upward trend since December 2023. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"418\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.29.41-AM-1024x418.png\" alt=\"\" class=\"wp-image-1965\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.29.41-AM-1024x418.png 1024w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.29.41-AM-300x122.png 300w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.29.41-AM-768x313.png 768w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.29.41-AM-1536x627.png 1536w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.29.41-AM-2048x836.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>I have been seeing a lot of listings in my neighbourhood of Langley come up in March (data is not out for March yet). If Buyers do not come to the plate, we could shift into a balanced market for some asset classes. <\/p>\n\n\n\n<p>Comparing this year to last year at the same time, notice that the absorption in 2023 was far greater than 2024. If this trend continues, we will move away from the seller&#8217;s market we have been seeing, especially in the condo and townhome markets. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"384\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.39.17-AM-1024x384.png\" alt=\"\" class=\"wp-image-1967\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.39.17-AM-1024x384.png 1024w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.39.17-AM-300x112.png 300w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.39.17-AM-768x288.png 768w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.39.17-AM-1536x575.png 1536w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.39.17-AM.png 1890w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Sales-to-Active Ratio <\/h2>\n\n\n\n<p>Currently, all asset classes except homes on acerage are in a seller&#8217;s market in the Valley. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"440\" height=\"420\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/February-2024.png\" alt=\"\" class=\"wp-image-1977\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/February-2024.png 440w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/February-2024-300x286.png 300w\" sizes=\"(max-width: 440px) 100vw, 440px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rates <\/h3>\n\n\n\n<p>We have not seen a rate increase since July 12, 2023.\u00a0<\/p>\n\n\n\n<p>When prices and rates stay fairly level, consumer confidence becomes more prominent.&nbsp;Because we have not seen a rate increase since last summer, we have seen an uptick in consumer confidence. <\/p>\n\n\n\n<p>When the market sees fluctuations like we have, it creates consumer uncertainty. \u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"985\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-4.48.48-PM-1024x985.png\" alt=\"\" class=\"wp-image-1970\" style=\"width:642px;height:auto\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-4.48.48-PM-1024x985.png 1024w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-4.48.48-PM-300x289.png 300w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-4.48.48-PM-768x739.png 768w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-4.48.48-PM.png 1116w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"707\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-7.28.51-PM-1024x707.png\" alt=\"\" class=\"wp-image-1971\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-7.28.51-PM-1024x707.png 1024w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-7.28.51-PM-300x207.png 300w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-7.28.51-PM-768x530.png 768w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-7.28.51-PM-1536x1061.png 1536w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-26-at-7.28.51-PM-2048x1415.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"434\" src=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.59.46-AM-1024x434.png\" alt=\"\" class=\"wp-image-1972\" srcset=\"https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.59.46-AM-1024x434.png 1024w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.59.46-AM-300x127.png 300w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.59.46-AM-768x326.png 768w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.59.46-AM-1536x652.png 1536w, https:\/\/www.caianderson.com\/blog\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-27-at-10.59.46-AM-2048x869.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month was the first time we saw sale prices increase in the Langley and Fraser Valley Real estate market. Before this increase, the last time sale prices &hellip; [<a href=\"https:\/\/www.caianderson.com\/blog\/2024\/03\/27\/prices-up-again\/\">read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":1962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prices up Again... - Caileigh&#039;s Vlog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caianderson.com\/blog\/2024\/03\/27\/prices-up-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prices up Again... - Caileigh&#039;s Vlog\" \/>\n<meta property=\"og:description\" content=\"Last month was the first time we saw sale prices increase in the Langley and Fraser Valley Real estate market. 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