Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Seller market with average listing inventories, 17 %SOLD rate, and the Sale Price/List Price=98%.
(This means that there is an average of $20,000 discount on a sale from the original list price)Lesson
Most Active Range: Homes between $400,000 - $550,000 have 21.3 %SOLD rate.
Least Active Range: Homes above $900,000 have 10.3 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $47,000.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $20,000.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 421 homes are for sale and with the 17 %SOLD monthly rate gives us a ~6 months of inventory. 13% of the Active Listings have reduced their price by $19,600 on average or $14,000 on median. We project Chilliwack Detached to be a continued Seller market.