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

March 1, 2023

gas gauge

Current:  Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable Market with average listing inventories, 15 %SOLD rate, and the Sale Price/List Price=96%.
                        (This means that there is an average of $34,900 discount on a sale from the original list price)Lesson

Most Active Range: Homes below $800,000 have 21.6 %SOLD rate.
Least Active Range: Homes between $1.2 mill.- $1.35 mill. have 5.4 %SOLD rate.

History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $507,936
               The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $286,871.
                 *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Chilliwack has average Listing supply;394 homes are for sale and with the 15%SOLD monthly rate gives us a ~7 months of inventory. 12% of the Active Listings have reduced their price by $57,833 on average or $40,000 on median. We project Chilliwack Detached to be a continued Stable market.

Greater Vancouver February 2023:

The Greater Vancouver Real Estate Market shows that 57% of the Detached Homes in February is increasing in price. The average price values increased by $4,653. That's is a reversal from the -($6,340) drop in January and the 1st increase we've seen since April last year. We are forecasting that the majority of the Metro Vancouver Markets will stabilize this March. With one year of pent-up buyers we should see price increases in March.

Currently, the Condo Markets and Townhouse Markets have switched to a Seller's Market, with the Average Price increases of $5,114 and $114 respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

Fraser Valley February 2023:

In February, 56% of Fraser Valley Real Estate Detached Market prices decreased by just ($1,739) on average. That is a significant improvement from the -($14,803) drop in January. We are forecasting that the majority of the Fraser Valley Market will stabilize in late March / earlier April.

Currently, the Condo Markets and Townhouse Markets have switched to a Seller's Market, with the Average Price increases of $3,732 and $588 respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - 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
1-778-374-3744

Coughlinb@gmail.com

25369 Dewdney Trunk 29622 Dewdney Trunk 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

Bill Coughlin
"Realtor and Lifestyle Consultant"

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EXP Realty
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