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

Sep 1, 2023

gas gauge

Current:  Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable Market with average listing inventories, 11 %SOLD rate, and the Sale Price/List Price=97%.
                        (This means that there is an average of $9,900 decrease on a sale from the original list price)Lesson

Most Active Range: Homes below $800,000 have 18.3 %SOLD rate.
Least Active Range: Homes above $1.6 mill have 2.1 %SOLD rate.

History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $156,808.
               The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $54,095.
                 *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Chilliwack has average Listing supply;556 homes are for sale and with the 11 %SOLD monthly rate gives us a ~9 months of inventory. 24% of the Active Listings have reduced their price by $48,418 on average or $38,488 on median. We project Chilliwack Detached to be a continued Stable  market.

Greater Vancouver August 2023:

In Greater Vancouver, the average prices of single-family detached homes took a dramatic turn in August, dropping by $8,319, a sharp contrast to the previous month's $2,661 increase. This marks the first decline since January. Our analysis suggests a shift toward a more stable real estate market. In this changing landscape with low inventory and the highest interest rates in 21 years, staying informed is crucial for buyers, sellers, and investors. Explore detailed reports for specific cities in Greater Vancouver through the city menu for a deeper understanding.

Currently, both the condominium and townhouse markets are in a state of stability. Condos have seen their average prices decrease by $3,572, while townhouses have faced a drop of $5,795.

Every Saturday at noon, we analyze 97 different city House Price Indices and present the most accurate market trends to you at VancouverMarketReports.com. 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 August 2023:

In the Fraser Valley, the average prices of single-family detached homes took a significant turn in August, dropping by $9,319, a sharp contrast to the previous month's modest $318 increase. This marks the first decline since February. Our analysis suggests a shift toward a more stable real estate market. In this changing landscape, with low inventory and rising interest rates, staying informed is crucial for buyers, sellers, and industry participants. Explore detailed reports for specific cities in Greater Vancouver through the city menu for a deeper understanding.

Currently, both the condominium and townhouse markets are in a state of stability. Condos have seen their average prices decrease by only $68, while townhouses have faced a drop of $2,071.

Every Saturday at noon, we analyze 97 different cities' House Price Indices and present the MOST ACCURATE Market Trends to you at VancouverMarketReports.com. 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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              你的房屋价值 ,利润, 投资收益率知多少?


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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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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

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1-778-374-3744

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25369 Dewdney Trunk 214 2855 156 St 43100 Frost Rd 214 33165 2nd Ave 12341 212 St 5341 256 35225 Dale Rd 2460 Lindale St

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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 8415 Cessna Dr 12128 256 St 21417 16 Ave  Hayward Lake Estates HWLE

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