Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Seller market with average listing inventories, 17 %SOLD rate, and the Sale Price/List Price=97%.
(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 17.8 %SOLD rate.
Least Active Range: Homes above $900,000 have 3.6 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $32,201.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $26,050.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 334 homes are for sale and with the 17 %SOLD monthly rate gives us a ~6 months of inventory. 5% of the Active Listings have reduced their price by $16,818 on average or $15,000 on median. We project Chilliwack Detached to be a continued Seller market.