Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable market with average listing inventories, 13 %SOLD rate, and the Sale Price/List Price=97%.
(This means that there is an average of $9,900 discount on a sale from the original list price)Lesson
Most Active Range: Homes between $640,000 - $750,000 have 20.0 %SOLD rate.
Least Active Range: Homes between $750,000 - $900,000 have 6.1 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $57,932.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $18,460.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 420 homes are for sale and with the 13 %SOLD monthly rate gives us a ~8 months of inventory. 12% of the Active Listings have reduced their price by $30,557 on average or $24,000 on median. We project Chilliwack Detached to be a continued Stable market.