Monday, January 18, 2010

Median Listing Prices Chilliwack and Fraser Valley Real Estate Board Area

Median Listing Prices


Chilliwack Real Estate Median Prices
Month/Day House Inventory 25th Percentile Median 75th Percentile
01/18/2010 634 $279,900 $369,900 $499,000

A new year and a fresh outlook on the market, a question posed by my brother was about median prices and general affordibilty, hence the above table. Plus, the exercise forced me to learn how to make a table using HTML. What the numbers in the above table tell us is that the value of the property right in the middle of the 634 single family detached houses available on the multiple listing service of the Chilliwack and District Real Estate Board is $369,900 and that 50% of the property asking prices fall between $279,900 and $499,000. These numbers give purchasers and sellers a little better idea about affordability and respective competitiveness.

How does the median price of real estate offerings in Abbotsford to Delta area compare to the Chilliwack real estate area? At present time there is a $195,000 advantage to living in the Chilliwack area compared to the Fraser Valley west of Chilliwack.


Fraser Valley (West of Chilliwack)Real Estate Median Prices
Month/Day House Inventory 25th Percentile Median 75th Percentile
01/18/2010 3413 $439,900 $565,000 $745,000

The analysis above is based on my interpretation of information provided by the Chilliwack and District Real Estate Board and does not take into account private sales. The term "Chilliwack" is used here quite loosely to refer to an area serviced by the Chilliwack and District Real Estate Board which includes communities such as Chilliwack, Agassiz, Harrison Hot Springs, Hope, Yale and Boston Bar. The Fraser Valley West area embraces the entire Fraser Valley Real Estate Board area which extends from Abbotsford to Delta.

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Stephen Mullock is a Chilliwack real estate associate broker with 29 years of experience. He can be reached at Royal LePage Wheeler Cheam Realty, telephone 604-792-0077.

Copyright January 18, 2010 by Stephen Mullock.

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