Chilliwack* Single Family Detached Housing Sales Report for December 2011
| MONTH | Sales | Average Sale Price | Days on Market | Active Listings | ||||
| Dec 2011 | 80 | $314,500 | 82 | 722 | ||||
| Nov 2011 | 95 | $306,000 | 71 | 956 | ||||
| Dec 2010 | 79 | $288,000 | 67 | n/a |
Median SALE Price of Chilliwack* Single Family Detached Homes (SFD): December 2011 - $314,500
Median LISTING Price of active Chilliwack* Single Family Detached Real Estate Homes: January 3, 2012 - $369,000
2011 Market Strength
Single Family House Monthly Unit Sales as % of a 10-Year Monthly Sales Average
| Month | Jan | Feb | Mar | Apr | May | Jun | July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 | 85% | 91% | 75% | 70% | 68% | 93% | 74% | 86% | 86% | 70% | 86% | 92% |
A couple of comments, the first is that December was a good month for Chilliwack single family detached house sales - with a strength of about 92% of what we would expect sales to be for the month of December. That is quite encouraging. I also see that the listings of homes for sale has dropped significantly from 956 to 722 reflecting that many sellers elect to take their property off the Chilliwack real estate market for the holiday season. Average sale prices have bounced upward once again and are up significantly from the poor showing a year ago. All in all everything is looking good for 2012.
STRATA HOMES
The sale of strata units (townhouses, apartments) with 39 for the month is also a respectable result; we would expect the ten-year average of 43 for the month of December. Still there is a large inventory of townhouses and apartments and less than 10% of them are selling each month. Sellers should to show some flexibility in their negotiations.
Chilliwack* Strata Housing Sales Report for November 2011
| MONTH | Sales | Average Sale Price | Days on Market | Active Listings | |
| Dec 2011 | 39 | $215,000 | 100 | 445 | |
| Nov 2011 | 39 | $193,000 | 63 | 566 | |
| Dec 2010 | 41 | $218,500 | 88 | n/a |
Median Sale Price of Chilliwack* Strata Homes: December 2011 - $214,000
Median Price of Active Chilliwack* Strata Real Estate Listings: October 1, 2011 - $206,500
Stephen Mullock RI is an award winning full-time Realtor® with 30 years of experience and a professional member of the Real Estate Institute of British Columbia. Thinking of buying or selling real estate in the Fraser Cheam communities of Chilliwack, Agassiz or Harrison Hot Springs? Contact Steve (click here) of Royal LePage Wheeler Cheam Realty for experience, local knowledge and friendly service.
