Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable market with average listing inventories, 14 %SOLD rate, and the Sale Price/List Price=98%.
(This means that there is an average of $10,000 discount on a sale from the original list price)Lesson
Most Active Range: Homes between $550,000 - $640,000 have 18.6 %SOLD rate.
Least Active Range: Homes above $900,000 have 7.5 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $50,857.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $8,408.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 446 homes are for sale and with the 14 %SOLD monthly rate gives us a ~7 months of inventory. 14% of the Active Listings have reduced their price by $22,901 on average or $20,000 on median. We project Chilliwack Detached to be a continued Stable market.