Coming Soon - 4210 248 Street, Langley

Posted on January 26, 2024 by Scott Strudwick

Are you looking for an incredible luxury home for your large family? This gated home is built to the highest standards by Ridgewest Homes & designed by Sucasa. Offering 6,000sqft on two floors plus a detached fully finished 1000sqft guest house. Two master suites, one on the main floor & one upstairs. Open plan living, high end kitchen with a separate prep kitchen. Huge main floor vaulted games room with a bar. The 2nd main floor bedroom has a full bath plus 3 bedrooms up. Designed for entertaining with a massive covered patio and slide open wall. Outdoor fireplace & heaters, wine wall, generator, A/C, dog wash, built in BBQ, rear yard access & room for a pool. There are also two laundry rooms. Bonus legal one bedroom suite above the triple garage. The ultimate home for multi-generational living. MLS number R2844552.

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July 2022 Newsletter

Posted on July 25, 2022 by Strudwick Real Estate Team

Hello!

Hope you are enjoying this beautiful weather we are having! We wanted to give you a quick update on the market and a few helpful tips from our local mortgage broker.

What is going on with the market?? What I am seeing first hand is a big shift with the number of sales dramatically dropping. The rising interest rates have affected some people's ability to afford a home, but I have seen it be more of a mentality shift than actual unaffordability. Buyers right now are either sitting on the fence to see where things are going, or they are willing to buy but can't sell the home they are in. Saying that, some homes are still selling. I am seeing the most activity on the "cheaper" end of the market and on some luxury listings. Anything priced well will still get activity. What does this mean to you? If you are looking to pick up an investment there are some really good buys out there right now. Do you have someone in your household who was unable to buy before? Now maybe they can. Also, if you are thinking about moving up, this type of market benefits you! The gap from a townhouse to house, or house to nicer house is smaller than it was earlier in the year. Questions? Feel free to call me anytime.

What does this mean to you?

I don't think it will have any impact in a normal or Buyer's market. It will come into play when we hit another hot Seller's market in the future. I have a feeling there will be workarounds and that it is more of a PR stunt for the Government rather than actual protection for a Buyer. The flip side is something bias to a Buyer will negatively impact a Seller. To me, it is still too new to see what the details are in the rules but another attempt to cool a market and slow things down. This will be coming in too late to effect the boom we just went through that has already started correcting.

Click Here to Learn More

What do they say about stocks? Buy low and sell high. Right now the real estate market is down. We went from hundreds of people in line to buy a condo to developers now offering promotions and discounts. If you are looking for a long term investment now is a great time to pick up a rental condo. I know of several great sites in Langley and Surrey that can carry themselves. Real estate is down, but rental rates are still high with high demand. With my background in multi family development I am here to help answer your questions about investing into a quality building with good return on investment.

We recently chatted with our local mortgage expert Michael Atkinson with Dominion Lending Centres and he wanted to share some of his top tips to keep a good credit score.

If you like to learn more feel free to reach out to Michael and he'd be happy to help with any questions you may have.

Again, thank you for all of your support. If you have any questions about real estate we are always here to help.

- Scott, Caroline, Parissma & Shaelene

This communication is not intended to cause or induce breach of an existing agency agreement

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June 2022 Newsletter

Posted on June 23, 2022 by Strudwick Real Estate Team

Hello!

It was great to see you all at this year's client appreciation event at Aldor Acres, thank you to those that could make it. We had amazing weather and a great turn out of past clients and their families. If you missed this year’s invite please let us know so we make sure you get next year’s!

The past few months have been busy and with that we have a few HUGE announcements for the Strudwick Real Estate Team. We are excited to be officially moved into our very own office in Brookswood and we've added Shaelene to our team to help with Client Care. After renovating the space in April, we moved in May 1st and are located at 4027 208th Street, Langley (Beside the Chevron). We are still a part of Royal Lepage Wolstencroft, but have our own personal office space now. If you are in the area pop in to say hello. With the new space we are looking forward to creating a one-stop shop for you by having an in house mortgage broker and the ability to sign documents with a notary here as well.

What is happening to the market? We have seen a big shift in the market over the past several weeks. Higher interest rates, more inventory, and other world wide factors have really changed the market. We have gone from a very strong Seller's market to more of a balanced market. I am seeing price adjustments in the 10% - 20% range from peak pricing earlier this year. This means that instead of everyone buying first and then selling, it makes more sense to sell first in this market and then purchase for most people. If you are curious what your home is worth with this market shift, if an investment in a rental property makes sense in this market, or you are wanting to move up please reach out and I would be happy to share my thoughts.

This change in the market has created some great opportunities. Prices for detached homes have come down 10-20%, but townhomes and condos are still selling quite well. If you are looking to upgrade from a strata unit into a detached home, this is a great time to take advantage of a market shift. Let us know if you or someone you know needs help navigating this market. We would be happy to go over options and see if this shift is something you can take advantage of.

We recently chatted with our local mortgage expert Michael Atkinson with Dominion Lending Centres about the recent rate changes, what the rates look like and how these changes affect qualifying for a new mortgage. Here is what he had to say:

If you would like to learn more about how the interest rate change affects your mortgage or have any questions about mortgages, please reach out to Michael and he'd be happy to help answer any questions you may have.

The Strudwick Real Estate team worked with Brookswood Secondary School to put on the first Brookswood Community Car show on May 29, 2022 . It was a smashing success with several thousand people attending, and over $10,000 raised for the school.

BROOKSWOODCARSHOW.CA

Again, thank you for all of your support. If you have any questions about real estate we are always here to help.

- Scott, Caroline, Parissma & Shaelene

This communication is not intended to cause or induce breach of an existing agency agreement

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April 2022 Newsletter

Posted on April 11, 2022 by Scott Strudwick

Hello,

We hope everything is going well for you and your family. This has been a very busy start to the year and we are excited to see what the spring market brings.

CHECK OUT THIS EXCITING NEW ANNOUNCEMENT!

BROOKSWOODCARSHOW.CA

We are so excited to announce that we are working with Brookswood Secondary School and the Brookswood Community to put on a car show at the school on May 29th, 2022 to raise money for school programs. We are excited to see the community come together and support the local high school.

This family fun event will have some great cars to view, live entertainment, food trucks, bouncy castles, balloon animals and more! We'll be holding this event rain or shine.

Have a car you'd like to register? Pre-register your car today and guarantee your spot in the show. ALL MAKES & YEARS WELCOME!

CLICK HERE TO REGISTER YOUR VEHICLE

Do you have a business that would like to sponsor the event? For more information visit www.brookswoodcarshow.ca/get-involved to learn more or reply to this email to let us know and we'll send over our sponsorship package.

The last few weeks have brought a big change in the market. The high volume of new listings over the past few months has given Buyers more choice and less competition. This is leading to some listings not selling right away, and now we are starting to see price reductions. Some parts of the market such as entry level homes and condos are still seeing a lot of activity. But in general things have really cooled off. This means that the whole bidding wars and multiple offers are no longer the way to go. It seems to be returning to a more balanced market. Pricing, marketing, and strategy have become a lot more difficult and important; having an experienced realtor in your corner to help navigate is essential. This is great for Buyers and great for those of you who wanted to sell, but didn't want to become a Buyer in that market.

We recently chatted with our local mortgage expert Michael Atkinson with Dominion Lending Centres about the recent rate changes and what we can expect. Here is what he had to say:

If you like to learn more about how the interest rate change affects your mortgage or would like to learn more. Feel free to reach out to Michael and he'd be happy to help with any questions you may have.

Again, thank you for all of your support. If you have any questions about real estate we are always here to help.

- Scott, Caroline & Parissma

JUST LISTED - #104 - 5655 210A Street Langley

LISTED - #11 - 31501 UPPER MACLURE ROAD, ABBOTSFORD

This communication is not intended to cause or induce breach of an existing agency agreement

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January 2022 Newsletter

Posted on January 23, 2022 by FVREB

Hello!

Happy New Year! I hope everything is going well for you and you had a good Holiday Season. Heading into 2022, the market hasn't cooled at all. Record low inventory and high demand is still driving multiple offers and record prices. Most of you would have already received your BC Tax Assessment and have seen huge gains on your home values. If you have any questions about your assessment please let me know and I would be happy to chat with you about it.

It is difficult to predict what will happen in the real estate market. Based on what I am seeing out there with extremely low inventory, low interest rates, and high demand I do not see the market slowing down any time soon. For those of you who have been sitting on the fence about getting into the market, or have children that are renting and not sure what to do, I am recommending people just get into the market sooner than later. Even if that means buying something that isn't an ideal home. You can always upgrade later when the market is more balanced and you would have already built equity. I think prices will continue to climb this year as it will take quite a bit of new inventory to take the pressure off the market. Even with government intervention, it doesn't fix supply and demand in the long run.

Again, thank you for all of your support last year and we look forward to serving you in 2022. If you have any questions about real estate we are always here to help.

- Scott, Caroline and Parissma

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December 2021 Newsletter

Posted on December 21, 2021 by Scott Strudwick

Hello,

We hope that you and your families are having a wonderful holiday season. This year has been such a complicated year but we are so thankful to our amazing clients for all of their support. There has been a few changes in the office, Caroline received her Realtor's license in August and Parissma joined the team in May to make sure that our office stays organized and to help with any questions our clients may have. We sold 83 homes in 2021 so far with the majority of our sales being past clients and referrals. Your support is hugely appreciated and we had the best year to date and even won some awards.

Again, thank you for all of your support this year and we hope you have a great Holiday Season! If you have any questions about real estate we are always here to help.

- Scott, Caroline and Parissma

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November 2021 Newsletter

Posted on November 21, 2021 by Scott Strudwick

Hello,

November has brought rain, rain and a continuation of the busy Fall market. I am still seeing a shortage of inventory across the board, and pricings still climbing on most things. Multiple bids is still the name of the game. It can be very difficult to be a Buyer in this market, but with the right strategy and relationships we have been able to successfully help several Buyers this past month.

I am happy to announce the launch of my brand new website! It was created in house and we are really happy with the results.

BIG NEWS came out recently about the government mandating a cooling off period for resale homes. This has been the norm for new construction sales for many years, but is brand new to resale. Do I think this will actually cool off the market? No. It doesn't help create more supply for the amount of Buyers out there. What I think it will do is create more offers that go sideways. I think Buyer's will feel like they don't need to be as qualified or committed to buying a home if they are always guaranteed to have a cooling off period to back out. I think it will definitely change the strategy in buying and selling and I think having a realtor on your side who has excellent relationships with other local Realtors will become very important. If you have any other questions about this change coming next year please let me know.

In our October newsletter we featured the winners of our Fall Art contest. We had the opportunity to meet both talented artists and show them their creations on the bus shelter.

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October 2021 - Market Update

Posted on October 26, 2021 by Scott Strudwick

Hello!

The Fall market has arrived. The market has picked up after the Summer and we are still seeing very low inventory and high Buyer demand. In most price ranges under $2million we are back to a market that is designed for multiple offers and Buyer's competing for properties. When you get into acreage and higher end properties things slow down a little depending on what it is. Saying that, there are still some deals and opportunities out there. You need to have your ducks in a row to purchase, or know where you are going if you sell. We are seeing some really high prices on single family detached in areas like Brookswood, Murrayville, and Walnut Grove. Recently I have had several clients sell in Langley and move to the island for a different lifestyle and cheaper real estate. If you have any questions about the market please reach out and I would be happy to help.

Back to School Fall Art Contest

Thank you to everyone who entered our colouring contest! We had 99 entries come in and there are some really talented artists out there. Congratulations to Lexi & Lauren on winning the contest. Here is the bus shelter going up in Brookswood on 200 street showcasing our two winners.

In a previous newsletter we mentioned the changes coming to ALR properties at the end of this year. We put together an informative video explaining how it will work. Check it out below:

CHECK OUT OUR LATEST LISTINGS

Thank you and we hope everyone is enjoying the changing leaves. If you have any questions about real estate we are always here to help

- Scott, Caroline and Parissma

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Sept 2021 - Heading into the Fall Market

Posted on September 15, 2021 by Scott Strudwick, Personal Real Estate Corporation

Posted in ALR, Brookswood Langley Real Estate, Campbell Valley Real Estate, Campbell Valley, Langley Real Estate, Langley, Multi-generational, New Rule, Real Estate, Real Estate, Salmon River Real Estate

Sept 2021 - Heading into the Fall Market

Hello!

As I look back at July and August we saw a definite cooldown of the market. However, we are still dealing with extremely low inventory, low-interest rates, and Covid. I suspect this Fall market to pick up and continue to be a competitive market for Buyers as low inventory continues and demand stays high. I have previously not found federal elections to have much of an immediate impact on the local real estate market. As always, I am here to help if you have any questions regarding real estate.

PS. I wrote an article below on a new ALR rule coming into effect later this year.

ALR Changes

Increasing housing flexibility in the ALR

As of December 31, 2021, new rules will allow property owners in the
ALR an option to have both a principal residence and a small secondary
residence.

If the principle residence is under 5,382sqft, then a secondary detached
residence up to 969sqft can be built. The principal residence is also
allowed a legal suite. This will make ALR land a great option for families
who are looking for multi-generational living!

We made a great informational video, click here to watch.

Contact me for more information!

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Aug 2021 - Summer Update

Posted on August 13, 2021 by Scott Strudwick, Personal Real Estate Corporation

Posted in Brookswood Langley Real Estate, Housing, Langley, Market Update, Real Estate, Scott Strudwick Team

Hello!

Hope you are enjoying all of this beautiful weather we have been having! I have some exciting news to announce and a quick market update for you.

Market Update

The detached homes market has definitely cooled down. I am not seeing the same volume of Buyers and multiple offers like I was this Spring. Some homes are taking longer to sell and offers with subjects have come back into the norm. This means that Buyers have a little more choice, and can take some more time before committing to a purchase. Townhomes and condos are still quite busy. Saying that, inventory in general is still extremely low and I would not be surprised if we see the market pick back up again this Fall. If you are looking to purchase this year, it might be a good time to jump on something during this lull

Exciting News

The exciting news is that my team has grown! Caroline who has been a rockstar administrator for me now has her real estate license and is working with clients along with using her experience to expand all of our marketing programs for our clients. Also, Parissma has joined us as our Client Care Specialist. She brings her degree in business administration plus experience in management and accounting to strengthen our organization and client care. With the growth of my business over the last two years I want to ensure that all of my clients receive the absolute best service possible. We look forward to taking care of you in the future!

Meet Caroline Jeklin

Caroline Jeklin - Real Estate Professional

Caroline@ScottSells.ca

C: 604.319.5052

Meet Parissma Patel

Parissma Patel - Client Care Specialist

Admin@ScottSells.ca

P: 604.530.0231

FRASER VALLEY REAL ESTATE BOARD

bigstock-Mansion-In-The-Spring-Countrys-20281823-800x531.jpg

Fraser Valley home sales remained steady in July; lowest supply in forty years

Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981. The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, a decrease of 11 per cent compared to June and a 4.5 per cent decrease compared to the same month last year. Sales continued to remain above normal for July – 15 per cent above the ten‐year average.

Click Here For the Full Report

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CHECK OUT THIS EXCITING NEW ANNOUNCEMENT!

CHECK OUT OUR LATEST LISTINGS

ALR Changes

Market Update

Exciting News

Meet Caroline Jeklin

Meet Parissma Patel

FRASER VALLEY REAL ESTATE BOARD

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