Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Seller market with average listing inventories, 24 %SOLD rate, and the Sale Price/List Price=98%.
(This means that there is an average of $14,000 discount on a sale from the original list price)Lesson
Most Active Range: Homes between $640,000 - $725,000 have 32.7 %SOLD rate.
Least Active Range: Homes above $975,000 have 13.8 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $53,448.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $2,946.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 464 homes are for sale and with the 24 %SOLD monthly rate gives us a ~4 months of inventory. 11% of the Active Listings have reduced their price by $17,726 on average or $10,000 on median. We project Chilliwack Detached to be a continued Seller market.