Doug, Bonnie & David Mitten
The Mitten Real Estate Team
(604) 533-3231 // dbmitten@mitten-realty-services.com

Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner. For Service and Commitment, let me help guide you with your next purchase or sale.

Chilliwack Reports Strongest June since 2007

The Chilliwack and District real estate board recently relased this short article about the Chilliwack  real estate market: 

Last month proved to be the hottest real estate sales month Chilliwack has had in seven years.  286 houses of all varieties sold in Chilliwack and area in June, edging out the previous month’s impressive tally and far outpacing May 2013, which saw 215 sales.

“The second quarter is proving to be very strong,” said Jake Siemens, President of the Chilliwack and District Real Estate Board (CADREB). “On a year-to-year comparison, unit sales are up by just over 20%, and all indications are for the market to continue trending upward”.

Of the 286 sales last month, the highest number (43) were in the $300,000 - $349,999 range, followed by 31 sales in the $350,000 - $399,999 range and equaled by those in the $400,000 - $499,999 span. There were 23 sales over the $.5 million mark, and three over $1 million.

The average price of a home within Chilliwack and District Real Estate boundaries is $320,503, with Chilliwack proper at $303,302 and in Sardis, $348,779. The average number of days on market continues to fall due to supply and demand – single family homes are on the market an average of 44 days, and townhomes 49 days.

“While historically, home sales tend to take a dip in the summer due to family vacations and summer activities, we expect to see a strong local market continue, as the economic indicators look good,” said Mr. Siemens.

“With the increased competition, there are some excellent deals out there. It bears repeating – real estate is one of the soundest investments a person will make in his/her lifetime, and the timing has seldom been better!”

-Sourse : Chilliwack and District Real Estate Board (CADREB).

 

 

As always if you have any questions about this article or any other real estate realted questions please feel free to contact us we would be happy to assist you.  we can be reach either through this website or directly at 604-882-8384.

 

-Mitten Real Estate Team

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Start Searching Listings

Search for listings now with interactive maps allowing you to get pin point results

Mobile Listings

On the go searching of listings from your phone. View listings near your GPS location, perfect when driving through the neighborhood.

Exclusive Features

Sign up to VOW and access:

  • 333% More Listing Info
  • New Listings Sooner
  • Save Your Searches
  • Email Alerts & more!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.