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Chilliwack Vancouver Market Reports Update 

Hi , your free RE/MAX Market Share Reports Plus many Advanced Market Reports.

Question? Do you know when 's market will switch to a Buyers Market, in advance?

Bottom-line if you are not using our Advanced Market Reports you have lost 25% of your profits.

Our Advanced Reports and the Stats Boot Camp Course empower Agents to get shaper prices;higher sell-through rates and to be able to show their clients the actual market trends.

Many of these Advanced Reports will probably look like gibberish until you take a lesson. Once empowered with your own personalized reports, then you can really understand the market trends to protect your clients and make you more money.    Standing by to help you :)  Bill Coughlin  778-374-3744  eXp Realty  




Now even Condominiums eked small gains in most communities this year!

Would like to to see the Condos Low & the Townhouse Changes too?   Note: All of these Home Price Changes are complied from the most accurate VMR Home Price Index (paired) HPIp

, if you do not want any future RE/MAX Market Reports  Please reply Remove Me and you will be sorely missed! :) Bill Coughlin

......

  Chilliwack

Nov 1, 2023

gas gauge

Current:  Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable Market with average listing inventories, 12 %SOLD rate, and the Sale Price/List Price=96%.
                        (This means that there is an average of $26,556 decrease on a sale from the original list price)Lesson

Most Active Range: Homes below $800,000 have  22.4 %SOLD rate.
Least Active Range: Homes above $1.6 mill have 5.7 %SOLD rate.

History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $88,694.
               The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $63,603
                 *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Chilliwack has average Listing supply;555 homes are for sale and with the 12 %SOLD monthly rate gives us a ~8 months of inventory. 16% of the Active Listings have reduced their price by $56,602 on average or $40,000 on median. We project Chilliwack Detached to be a continued Stable  market.

Greater Vancouver October 2023:

In October, the average price of Single-Family Detached Homes in Greater Vancouver continued to decline, with an average price of $15,669, representing a substantial decrease from the previous month's average of $297. This is the most significant decrease we've witnessed in the current year and the lowest October price drop in the past 25 years. 

The ongoing conflicts now involving Israel and Hamas, as well as Russia and Ukraine, have significantly eroded buyer confidence. This, in turn, has led to increased uncertainty in oil prices, inflationary pressures, and higher food prices. Additionally, buyers are currently facing unprecedented limitations on their borrowing power, which have not been seen in the past 20 years. Based on our forecasts, we anticipate that the market will continue to experience a decline until February 2024.

Presently, both the condominium and townhouse markets are in a near state of balance. Condominium prices have decreased by an average of $5,697, while townhouse prices have actually risen by $2,472.

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 October 2023:

In October, the average price of Single-Family Detached Homes in Fraser Valley decreased by $10,502, which represents a positive change from the prior month when the average decrease was $15,966. This represents the lowest price decline for the month of October over the last decade.

The ongoing conflicts now involving Israel and Hamas, as well as Russia and Ukraine, have significantly eroded buyer confidence. This, in turn, has led to increased uncertainty in oil prices, inflationary pressures, and higher food prices. Additionally, buyers are currently facing unprecedented limitations on their borrowing power, which have not been seen in the past 20 years. Based on our forecasts, we anticipate that the market will continue to experience a decline until February 2024.

As per the latest data, both the condominium and townhouse markets are experiencing significant declines. The average price of a condominium has dropped by $7,595, while the average price of a townhouse has declined by $7,783.

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.

 

   

Sponsored in part by Virtual Real Estate Assistants​


Since 1984 RE/MAX Agents have had an edge; their monthly RE/MAX Market Reports .. It has being my privilege to expand these reports into critical marketing tools. Thank You!  Bill Coughlin

My passion to help..... I seriously dream of new marketing tools to enable you make more money! 

OK the Advanced Market Reports are tooo complicated at first glance. These reports are now split  into

  • the Quick Reports for easy review
  • the Advanced reports that really needs a Stats Boot Camp lesson to fully comprehend
  • Forecasting for the Stats addicts like me.

Announcing the Instant Home Price Evaluator.  In the year 2012, 82% of listings from Burnaby to Chilliwack DID NOT SELL,  or were Discounted on sale an Amazing 7.8%* from the original list price!  Help to price it right has arrived! 18 % homes were listed at a salable price and sold within 3.7%* .

Our Instant Home Price Evaluator  on the right side takes just seconds and has an accuracy before adjustment of ~3.7%* of the resulting sale price 31% of the time.   * (on average)    
do call us for your custom reports and Stats Lessons  Bill Coughlin 778-374-3744

Spring 2014 Market News

 STOP  61% of 's listings from EXPIRING!

 

 

 

 

RE/MAX Market Share Reports

Sponsored in part by Virtual Real Estate Assistants​

These Re/MAX Market Share Reports are sponsored by the Canada's Most Referred Referral Network! we thank  them for their support and please refer to them in your appreciation. 

Remax Report ...If you cannot see this image   you need to click through the top link

NOTE: This representation is based in whole or in part on data generated by the Real Estate Boards of Greater Vancouver, Fraser Valley, Chilliwack which assume no responsibility for its accuracy.   
Year 2015 Cumulative report          Year 2014 Cumulative report      Year 2013 Cumulative report     Year 2012 Cumulative report      Year 2011 Cumulative report                                                                                                                                          Copyright © 2011 by Bill Coughlin                   

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.

 

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