Thursday, November 5, 2015

The Stephen Mullock Report: Chilliwack* Real Estate Review and Analysis October 2015


The Chilliwack and District Real Estate Board* (CADREB) had a total of 288 residential sales in October 2015. This was almost a 20% increase over the same month in 2014. It was also a 4% increase in sales volume when compared to a robust market performance in September 2015. Now I find this interesting, better sales volumes have been evident throughout most of 2015 but, there is usually fewer sale in October when compared to September.

Monthly statistics give us some insight on the overall strength and condition of the Chilliwack* real estate market. I will focus on the 3 most popular housing choices of 6 available.



SINGLE FAMILY DETACHED HOUSES  - SOLD



MONTHSales Average Sale Median Sale Active Listings
Oct 2015 158$392,000390,500545
Sep 2015 158$403,000383,000608
Oct 2014 142$332,000




TOWNHOUSES - SOLD

MONTHSales Average Sale  Median Price  Active Listings
Oct 2015 76$272,000285,000234
Sep 2015 93$267,000264,000254
Oct 2014 48$262,000







APARTMENTS - SOLD


MONTHSales Average Sale Price Median Price Active Listings
Oct 2015 33$150,000$141,000196
Sep 2015 29$136,000$115,000213
Oct 2014 24$136,000


Obviously both single family and strata prices are up compared to a year ago but relatively stable in the last month. Listing inventory retreats a little this time of year and that is evident in the statistics. 

Upward price pressure is not consistent in all areas of Chilliwack* and every housing choice. To get today's value for an individual property comparing recent neighbourhood sales is the best approach to value - you should either call in a local Realtor© or a real estate appraiser for that task.

Imagine living here....

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.

The information presented in this post has been prepared by the author Stephen Mullock, using information from the Chilliwack and District Real Estate Board.  The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information are not guaranteed.


In providing such information, neither Stephen Mullock nor the Chilliwack & District Real Estate Board assumes any responsibility or liability.



Copyright © 2015 Stephen Mullock. All rights reserved. Reproduction in whole or part is prohibited without written permission.



Stephen Mullock
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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