Thursday, January 2, 2014

Chilliwack* Real Estate Review and Analysis December 2013

For Sale - 19.7 acres on St. Elmo Road (Click)



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 67 sales of single family houses and 41 sales of strata homes such as townhouses, and apartments in December 2013. A total of 108 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 67 sales of single family houses in December 2013.

The 67, Chilliwack* real estate board single family detached, sales were less than the November 2013 total of 90 - but usually we would expect fewer sales in December than November. 
 
A list to sale ratio of 9.3 % is down from 11% 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.

MONTH Sales/ Average Sale Price/ Days on Market/ Active Listings
Dec  2013 90 $368,000 67 643
Nov  2013 90 $363,000 90 799
Dec 2012 100 $365,000 68 n/a



 

Median SALE Price of Chilliwack* Single Family Detached Homes (SFD)
  • 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:
    • 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

      Month Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
      2013 97% 68% 60% 75% 82% 83% 82% 87% 105% 79% 83% 80%
      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%


      
      These Apartments are for the Birds!


      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 41 sales of strata homes (apartments, townhouses) in December 2013.

      The 41, Chilliwack* real estate board strata sales were similar to the November 2013 total of 40 reflecting a return to normal market activity after an October surge of activity due to a mortgage interest rate hike scare.  A number of buyers responded by firming up their purchase decision early. 
       
      A list to sale ratio of 9 % 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.


      
      MONTH Sales/ Average Sale Price/ Days on Market/ Active Listings
      Dec  2013  41 $231,000 114 385
      Nov  2013  40 $200,000 96 504
      Dec 2012  37 $189,000 97 n/a


      Median SALE Price of Chilliwack* Strata Homes:
      • 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:
        • 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

        Month Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
        2013 100% 81% 89% 73% 87% 99% 84% 85% 79% 108% 68% 90%
        2012 93% 78% 96% 70% 87% 85% 97% 67% 89% 76% 114% 82%
        2011 100% 105% 85% 86% 84% 66% 66% 91%



        The analysis is based on my sole interpretation of multiple listing information gleaned from the Chilliwack and District Real Estate Board, the Fraser Valley Real Estate Board and the Greater Vancouver Real Estate Board and does not take into account private sales. It is up to you to decide on the validity of these results and if necessary seek further information.
           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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