Chilliwack's February 2013 real estate
market had 78 unit sales of single family detached houses in the
Chilliwack* real estate
board area which includes the outlying communities of Agassiz, Harrison Hot
Springs, Hope and parts of the Regional District.
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| Chilliwack's Garrison Crossing |
While this was similar to the 77 sales in January and 5 more than in February 2012 it was nevertheless a disappointment as a regular strength February Chilliwack real estate market should see 114 unit sales. The 10-year market strength
indicator went down to 68%. It is interesting to note that numbers last February also faltered making me wonder if a seasonal pattern is at work - with less market pressure perhaps people are not looking during our wet season or are away vacationing somewhere warm.
The median listing price of a
Chilliwack* single family house has increased from $359,900 to $369,900 pricing that we saw through much of 2012.
The lowest sale price in February is $26,500 and the
highest $1,175,000.
The average selling price of a Chilliwack*
single family detached house in February 2013 was $357,000 up from the
$343,000 in December 2012.
The median sale price was $315,000 lower than the $329,500 of a month earlier.
The list to sale ratio of 10%
is slightly weaker than the 11% in January 2013 but still reflects a Buyer's
Market.
It is expected that the fall and winter
Chilliwack* real estate markets will see a normal seasonal slowing. A
competitive advantage for Buyers is present given a healthy inventory of 805
Chilliwack single family homes available as of March 1, 2013. Inventory
levels increased by 8% in February and this trend will continue - giving Buyers
plenty of choice.
Please remember to use the services of a
REIBC
real estate professional or a Realtor© to maximize your chances for a
successful purchase or sale. Give me a call if you are looking for professional
service in the Chilliwack, Agassiz, Kent or Harrison Hot Springs areas.
Sales |
Average Sale Price |
/ Days on Market |
/ Active Listings |
| Feb 2013 |
78 |
$357,000 |
68 |
805 |
| Jan 2013 |
77 |
$343,000 |
92 |
745 |
| Feb 2012 |
73 |
$347,000 |
85 |
n/a |
|
|
|
|
Median SALE Price of Chilliwack* Single
Family Detached Homes (SFD)
- February 2013 - $315,000
- January 2013 - $329,500
- December 2012 - $349,500
- November 2012 - $317,000
- October 2012 - $329,500
- September 2012 - $326,500
- August 2012 - $309,500
- July 2012 - $344,000
- June 2012 - $343,500
- May 2012 - $328,500
- April 2012 - $327,500
- March 2012 - $340,500
- February 2012 - $332,500
Median LISTING Price of
active Chilliwack* Single Family Detached Real Estate
Homes :
- March 1, 2013 $369,900
- February 1, 2013 $359,900
- January 3, 2013 $369,500
- December 1, 2012 $363,500
- November 1, 2012 $369,500
- October 2, 2012 $369,900
- September 3, 2012 $369,900
- August 8, 2012 - $369,900
- July 1, 2012 - $369,900
- June 1, 2012 - $374,900
- May 1, 2012 - $368,500
- April 2, 2012 - $365,000
- March 2, 2012 - $369,900
2013 - 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 |
| 2013 |
97% |
68% |
|
|
|
|
|
|
|
|
|
|
| 2012 |
81% |
67% |
77% |
77% |
83% |
70% |
88% |
54% |
70% |
88% |
91% |
80% |
| 2011 |
85% |
91% |
75% |
70% |
68% |
93% |
74% |
86% |
86% |
70% |
86% |
92% |
Chilliwack* STRATA HOMES for February 2013
 |
| Get SOLD with STEVE |
The sale of
Chilliwack* Strata Homes,
apartments, townhouses also improved over the January numbers with 56 sales in February compared to 45 a month earlier.
Market
strength which measures sales against a 10-year average decreased to 81% - what
this means is that over the past 10 years there has been an average of 69 unit
sales in February and that this February's 56 sales fell short of that target.The lowest
sale was $58,500 and the highest $205,000.
The average selling price of a
Chilliwack* Strata Homes in February 2013 was $208,000 up from the January 2013
$203,000 average sale price.
The median sale price was $222,500 up from the $198,500 amount in January.
The list to sale ratio
of 12.9 % was stronger as well; still a Buyer's sale advantage in townhouses and
apartments in the Chilliwack* real estate market remains. Sellers should pay attention to their Realtor® recommendations and ask
for market comparison updates on a bi-monthly basis.
Please remember to
use the services of a
REIBC real estate professional or a Realtor©
to maximize your chances for a successful sale. Give me a call if you are
looking for professional service in the Chilliwack, Agassiz, Kent or Harrison
Hot Springs areas.
| MONTH |
Sales |
Average Sale Price |
Days on Market |
Active Listings |
|
| Feb 2013 |
56 |
$208,000 |
61 |
447 |
| Jan 2013 |
45 |
$203,000 |
70 |
421 |
| Feb 2012 |
42 |
$208,000 |
101 |
n/a |
Median Sale Price of Chilliwack*
Strata Homes:
- February 2013 - $208,000
- January 2013 - $198,500
- December 2012 - $200,000
- November 2012 - $188,500
- October 2012 - $239,500
- September 2012 - $199,000
- August 2012 - $232,500
- July 2012 - $219,000
- June 2012 - $224,500
- May 2012 - $230,000
- April - $230,500
- March - $210,500
- February - $204,000
Median Price of Active Chilliwack* Strata Real Estate Listings:
- March 1, 2013 - $209,900
- February 1, 2013 - $217,500
- January 3, 2012 - $198,000
- December 1, 2012 - $212,000
- November 1, 2012 - $209,900
- October 2, 2012 - $189,900
- September 3, 2012 - $209,900
- August 8, 2012 - $209,900
- July 1, 2012 - $214,900
- June 1, 2012 - $220,000
- May 1, 2012 - $220,000
- April 2, 2012 - $218,900
- March 2, 2012 - $216,000
2011 - 2013 Strata Market Strength
Strata Home Monthly Unit Sales as % of a
10-Year Monthly Sales Average
| Month |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
| 2013 |
100% |
81% |
|
|
|
|
|
|
|
|
|
|
| 2012 |
93% |
78% |
96% |
70% |
87% |
85% |
97% |
67% |
89% |
76% |
114% |
82% |
| 2011 |
100% |
105% |
|
85% |
86% |
84% |
66% |
|
66% |
|
|
91% |
Imagine living here ....then call
Steve.
Stephen Mullock RI is an award winning full-time real estate specialist with 30 years of experience and hundreds of sales.
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 you’ll be happy you did.
