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The Chilliwack Real Estate Market Reports
Index Vancouver, Downtown-West End, Yaletown, Richmond, East Van, West Van, North Van, South Burnaby, North Burnaby, E.Burnaby-New West, Coquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission, Abbotsford, East vrs West
Chilliwack Real Estate Market Reports and Forecasts Previous Reports
Feb 1 2012 Chilliwack (+Yarrow and Sardis) Market Update (Detached)
Promontory, Chilliwack E Young-Yale, Sardis E Vedder Rd, Sardis W Vedder Rd, Eastern Hillsides and all the sub-areas of Chilliwack (+ Sardis and Yarrow) Real Estate Market Update Report.
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Current: Chilliwack (+Yarrow and Sardis) is a buyers market with record listing inventories, a 8 %SOLD rate and a 96% Sell/List Ratio. (This means that there is an average of a $11,500 discount on a sale from the original list price)
Most Active Range: Homes between $200,000 and $300,000 have 12.3 %SOLD rate. Home sales have average discounts of $9,900 and 37 days on the market.
Least Active Range: Homes above $700,000 have a LOW 2.3%SOLD (=2 sales of 100 listings/ month) with an average sales discount of $29,000 from their original list price and average 96 DOM.
History: The average Chilliwack home experienced a 7% price increase from Jan - June. This $22,749 increase brought the home Price index to $355,837. The Year-To-Date RMR Home Price Index * has decreased ($5,012) to $317,537
Future: Total Listing Inventory is 1% less than the same month last year. The 154 new listings far exceed the 70 sales this month meaning that we would see listing levels increase next month adding to the over supplied market
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We thank Corney Les for his support of these Chilliwack (+ Sardis and Yarrow) Real Estate Market Updates which include sub-areas such as Sardis E Vedder Rd, Sardis W Vedder Rd,Promontory, Chilliwack E Young-Yale, Eastern Hillsides etc. Contact Corney as the Local Expert..... more details.
Download the full Chilliwack.Marketupdatereport.PDF
This Chilliwack Real Estate Market update includes the sub areas Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd, Sardis W Vedder Rd, Promontory etc.
Click Image to compare previous STR/ MTI graphs
Index Vancouver, Downtown-West End, Yaletown, Richmond, East Van, West Van, North Van, South Burnaby, North Burnaby, E.Burnaby-New West, Coquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission, Abbotsford, East vrs West
Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.
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