The Chilliwack Housing Market Trends

 


  Chilliwack Real Estate Market Reports and Forecasts 
Previous Reports 

Chilliwack (+ Rosedale, 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.

      What are Chilliwack's Best and Worst Investments?


Archive Peak to Date Changes

May 1, 2023

gas gauge

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.

 

   

   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.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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We thank Bill Coughlin 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 Bill as the Local Expert..... more details.

Sardis W Vedder Rd, Promontory, Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd etc.

Sardis W Vedder Rd, Promontory, Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd etc.

Sardis W Vedder Rd, Promontory, Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd etc.

Sardis W Vedder Rd, Promontory, Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd etc.

Download the full Chilliwack.Marketupdatereport.PDF

Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd, Sardis W Vedder Rd, Promontory and all the sub areas of Chilliwack detailed stats

Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd, Sardis W Vedder Rd, Promontory and all the sub areas of Chilliwack detailed stats

Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd, Sardis W Vedder Rd, Promontory and all the sub areas of Chilliwack detailed stats

Chilliwack E Young-Yale, Eastern Hillsides, Sardis E Vedder Rd, Sardis W Vedder Rd, Promontory and all the sub areas of Chilliwack detailed stats

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            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

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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This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Chilliwack Sardis Yarrow Market Update Report STR

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Mayor Sharon Gaetz Interview

Chilliwack development  and business tax incentives is one of the lowest in the lower mainland and helps increase local employment and stabilize the Real Estate Market.

 

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Bill Coughlin
EXP Realty

For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack

call me
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25369 Dewdney Trunk 214 2855 156 St 43100 Frost Rd 214 33165 2nd Ave 12341 212 St 5341 256 2460 Lindale St 106 13733 74 Ave 1783 Fairview 20924 Hunter Pl 65574 Dogwood Dr 9049 Manzer St 26220 126 Ave 31585 Clearview Cres 33320 Tree Top Terrace Stave Lake 4791 256 St Hayward Lake Estates CTM/VREI 43250 Old Orchard 32780 Lissimore 28779 Dewdney Trunk Rd 8415 Cessna Dr 12128 256 St 21417 16 Ave  Hayward Lake Estates HWLE 30513 Silverdale Ave 7420 112 St 22838 137 Ave 1621 King George 31717 Old Yale   28258 Myrtle Ave

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