|
Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Seller's Market with average listing inventories, 22 %SOLD rate, and the Sale Price/List Price=98%.
(This means that there is an average of $10,000 decrease on a sale from the original list price)Lesson
Most Active Range: Homes between $800,000 -$950.000 have 37.3 %SOLD rate.
Least Active Range: Homes between $1.35 mill.-$1.6 mill have 4.1%SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $391,598.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $211,096.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply;398 homes are for sale and with the 22 %SOLD monthly rate gives us a ~5 months of inventory. 9% of the Active Listings have reduced their price by $38,894 on average or $38,394 on median. We project Chilliwack Detached to be a continued Seller's market.
Greater Vancouver April 2023:
In April, the Greater Vancouver Single-Family Homes increased by a monthly average price of $11,259. This is the 3rd consecutive monthly price increase. Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
Fraser Valley April 2023:
The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices. Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
|
