Saturday, February 1, 2014

Chilliwack* Real Estate Review and Analysis January 2014


We start the year with some predictions from the British Columbia Real Estate Association - Housing Quarterly January 2014 that includes predictions about activity and pricing for 2014.  The Chilliwack* area which is just one of 12 areas considered in this report can look forward to an increase of 1.8% in activity and Chilliwack house prices to increase by 1% from $301,492 in 2013 to $304,500 in 2014.  This is an interesting report well worth a read.


The Chilliwack* real estate board area (CADREB) which includes the outlying communities of Agassiz, Harrison Hot Springs, Hope and parts of the Fraser Cascade Regional District recorded 73 sales of single family houses and 42 sales of strata homes such as townhouses, and apartments in January 2014. A total of 115 residential properties.

Sales of Single Family Detached Houses

The Chilliwack* real estate board area (CADREB) which includes the outlying communities of Agassiz, Harrison Hot Springs, Hope and parts of the Fraser Cascade Regional District recorded a total of 73 sales of single family houses in January 2014.

Go, Canada Go, Sochi 2014


The 73, Chilliwack* real estate board single family detached, sales were more than the December 2013 total of 67 - but traditionally, we expect fewer sales this time of year. I have noticed however the last week in January showed a large increase in public real estate inquiry perhaps but to the incredible weather we have been enjoying.
  
A list to sale ratio of 10 % is up from 9.3% a month earlier maintaining a Buyer's Market for Chilliwack* single family detached homes.

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.

MONTHSales/Average Sale Price/Days on Market/Active Listings
Jan  201473$344,00096747
Dec  201390$368,00067643
Jan 201377$343,50092n/a




Median SALE Price of Chilliwack* Single Family Detached Homes (SFD)
  • January 2014 - $348,000
  • December 2013 - $334,500
  • November  2013 - $334,000
  • October 2013 - $321,000
  • September 2013 - $336,000
  • August 2013 - $309,500
  • July 2013 - $347,500
  • June 2013 - $349,500
  • May 2013 - $339,500
  • April 2013 - $338,000
  • March 2013 - $364,000
  • February 2013 - $315,000
  • January 2013 - $329,500
  • December 2012 - $349,500
  • November 2012 - $317,000

       
    Median LISTING Price of active Chilliwack* Single Family Detached Real Estate Homes:
    • February 1, 2014 - $349,900
    • December 3, 2013 - $359,900
    • November 1, 2013 - $359,000
    • October 1, 2013 - $364,900
    • September 3, 2014 - $358,000
    • August 1, 2013 - $349,900
    • July 2, 2013 $359,900
    • June 4, 2013 $365,000
    • May 2, 2013 $369,900
    • April 1, 2013 $359,900
    • March 1, 2013 $369,900
    • February 1, 2013 $359,900
    • January 3, 2013 $369,500
    • December 1, 2012 $363,500


      2013 - 2011 Market Strength for Chilliwack* Single Family Houses

      Single Family House Monthly Unit Sales as % of a 10-Year Monthly Sales Average

      MonthJanFebMarAprMayJunJulyAugSeptOctNovDec
      201494%










      201397%68%60%75%82%83%82%87%105%79%83%80%
      201281%67%77%77%83%70%88%54%70%88%91%80%
      201185%91%75%70%68%93%74%86%86%70%86%92%


      Go Canada Curling in Sochi 2014!

      


      Sales of Strata Homes (Apartments, Townhouses etc.)

      The Chilliwack* real estate board area (CADREB) which includes the outlying communities of Agassiz, Harrison Hot Springs, Hope and parts of the Fraser Cascade Regional District recorded a total of 42 sales of strata homes (apartments, townhouses) in January 2014.

      The 42, Chilliwack* real estate board strata sales were similar to the December 2013 total of 41 reflecting normal market activity.
        
      A list to sale ratio of 10.5 % indicates a Buyer's Market for Chilliwack* strata homes.

      Once again, 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.


      
      MONTHSales/Average Sale Price/Days on Market/Active Listings
      Jan  2014 42$222,00088404
      Dec  2013 41$231,000114385
      Jan 2012 47$207,00071n/a


      Median SALE Price of Chilliwack* Strata Homes:
      • January 2014 - $216,000
      • December 2013 - $232,500
      • November 2013 - $202,000
      • October 2013 - $199,500
      • September 2013 - $212,500
      • August 2013 - $209,900
      • July 2013 - $231,500
      • June 2013 - $211,000
      • May 2013 - $211,000
      • April 2013 - $204,000
      • March 2013 - $229,000
      • February 2013 - $208,000
      • January 2013 - $198,500
      • December 2012 - $200,000
      • November 2012 - $188,500



        Median LISTING Price of active Chilliwack* Strata Real Estate Listings:
        • February 1, 2014 - $219,900
        • January 2, 2014 - $212,500
        • December 3, 2013 - $214,900
        • November 1, 2013 - $214,900
        • October 1, 2013 - $214,900
        • September 3, 2013 - $194,500
        • August 1, 2013 - $212,000
        • July 2, 2013 - $213,900
        • June 4, 2013 - $214,900
        • May 2, 2013 - $210,000
        • April 1, 2013 - $212,500
        • March 1, 2013 - $209,900
        • February 1, 2013 - $217,500
        • January 3, 2012 - $198,000
        • December 1, 2012 - $212,000


        2011 - 2013 Strata Market Strength

        Strata Home Monthly Unit Sales as % of a 10-Year Monthly Sales Average

        MonthJanFebMarAprMayJunJulyAugSeptOctNovDec
        201490%










        2013100%81%89%73%87%99%84%85%79%108%68%90%
        201293%78%96%70%87%85%97%67%89%76%114%82%
        2011100%105%85%86%84%66%66%91%



        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.

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