Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable market with average listing inventories, 13 %SOLD rate, and the Sale Price/List Price=96%.
(This means that there is an average of $24,450 discount on a sale from the original list price)Lesson
Most Active Range: Homes between $640,000 - $750,000 have 17.2 %SOLD rate.
Least Active Range: Homes above $900,000 have 7.9 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $8,332.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $13,000.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 619 homes are for sale and with the 13 %SOLD monthly rate gives us a ~8 months of inventory. 32% of the Active Listings have reduced their price by $27,395 on average or $20,000 on median. We project Chilliwack Detached to be a continued Stable market.