As the market continues to settle down, we are still in a very strong seller's market.

Overall sales have decreased 24% compared to May, however they still increased 31% compared to June of last year. We're definitely seeing less subject-free offers and bidding wars and for the first time in months we're starting to see price reductions on active listings.

Effective July 1st, as part of BC's Restart Plan, open houses are once again allowed due to the Covid-19 restrictions lightening up, however, we will continue to adhere to public safety recommendations.

If you have any questions at all feel free to give me a call or text at 604-798-3960

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Detached home prices are finally starting to fade, with average prices settling down $60k compared to last month.

However - we are still seeing huge demand for townhomes and condos with the average price of a condo climbing another $25k from last month.

I personally think the entry level price ranges of $500k and under are going to be extremely competitive for a while yet!

Give me a call if you have any questions about the market conditions or if you are thinking of buying or selling a home!
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We might be starting to see the signs of the market slowing down to catch it's breath after many months of record-setting prices and activity.

April has brought more listings, and less sales compared to March. Prices haven't eased up much yet, but we are seeing less multiple offer situations and less homes selling for over asking price, so it's possible prices will soften if that keeps up.

I suspect detached homes will start to soften but townhomes remain very competitive, and I suspect condos will be the next hot product, two-to-6 months ago condo prices were remaining steady with a 5-10% year-over-year increase, but in these last two months we've seen that shoot up to 20%

If you've been thinking about buying a condo, it's possible that now might be the best shot you get before prices go up!

Give me a call at 604-798-3960 with any questions.
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Hello everyone!

Hope everyone is excited for the sunny weather coming up! (Supposed to hit highs of 22c next week)

We saw a couple hundred more homes listed this month compared to last, but then the amount of sales went up just as much so still nearly 100% of the homes listed are selling in record time.

Unbelievably, year-over-year average prices for a single family home in Chilliwack are up 40%

Give me a call or text at 604-798-3960 if you ever have more questions about the market conditions.
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Just when I thought nothing could surprise me anymore, February hit the real estate market like a hammer.

This last month saw unbelievable activity with townhomes and single family homes shooting up faster than I've ever seen before. Just this last month or two homes are selling for anywhere from $50,000 to $200,000 more than they previously were, with large lots that have subdivision potential or homes with a basement suite being worth the most right now.

There are currently less listings on the market than there were homes sold this month which means the market conditions favor the seller more than any other time that I'm aware of.

Give me a call or text at 604-798-3960 if you ever have more questions about the market conditions.
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There's still extremely low inventory and a lot of buyers. We're seeing lots of bidding wars on townhomes and detached homes.

The best way to capitalize on current market conditions are those who are considering selling a single-family home and downsizing to a townhome or condo.

Those who are considering moving in to an age restricted community can benefit as well since they are not selling quite as fast as freehold non-strata land.

Make sure you talk to a mortgage broker early to get your financing 100% ready before shopping since you might not have the time before your favorite listings sell.

Give me a call or text at 604-798-3960 if you ever have more questions about the market conditions.
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What a year! Even though the real estate market was at a standstill for months due to COVID-19, total annual sales in the Chilliwack-Hope District still finished 18.8 per cent above the 10-year average due to intense pent-up consumer demand during the second half of 2020.

Current inventory is still extremely low making the market very competitive with many homes selling on day one, often with multiple offers.

With low interest rates sticking around, prices are expected to continue to rise. If you are thinking of buying or upsizing now is a great time to consider doing so!

Make sure you talk to a mortgage broker early to get your financing 100% ready before shopping since you might not have the time before your favorite listings sell.

Give me a call or text at 604-798-3960 if you ever have more questions about the market conditions.
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Of the 699 active listings in November, 371 of them sold. There are still a surprising amount of buyers out there rushing to get a home before prices climb any further.

For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Overall property sales for the month of November again set a new Board record.  Sales records were also broken in September and October; and since July, all activity including new listings, has continued to be inordinately high.
Interest rates are at a record low and banks have indicated they intend to keep rates low for at least a few years longer so we can expect this kind of action to keep up!

We expected November activity to moderate due to the season, but the desire for family-sized homes and their benefits continues to dominate. Since the summer, we’ve seen the strongest demand in our Board’s 99-year history specifically for single-family detached and townhomes.

Just this month I had two townhomes listed that received multiple above-list price offers on the very first day. If you know anyone tossing around the idea of selling, it could be the best chance they get to upsize in to a detached home right now.
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Even as we head in to November, the real estate market continues to show no signs of slowing down.
With 32% less listings on the market than there was pre-COVID, but 61% more sales thanks to increasingly low interest rates, we are seeing a strong Seller's Market.
Listings are often receiving multiple offers within the first day because buyers are still out there patiently waiting for the right home to be listed.
Nearly every type of home is selling for record high prices right now. If you are thinking of selling, this is one of the safest times to do so.
It is definitely a competitive market for Buyers right now but with the help of an experienced Realtor it is still possible to get it done! One of the advantages to working with a real estate agent is that you have the chance to get in to a listing before it even hits the market so you can beat the rush and avoid getting in bidding wars with several other buyers.
The Bank of Canada has stated they intend to keep interest rates low until at least 2023 so it's a safe bet that this activity will keep up for a couple years and prices will rise.
If you're thinking of buying a home for the first time, or up-sizing out of your condo or townhome, this could be the best opportunity you get!
Call or text me at 604-798-3960 if you have any questions.
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Despite a slight slowdown of 2% in BC’s economy, home sales in Chilliwack and area have jumped dramatically from the same time last year.

Last month, a total of 281 homes sold locally, up from last month and up significantly from the 162 sales in September of 2018. The total dollar value reached almost $147.6 million, compared to just over $84 million in September of last year.

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I'll keep this market update nice and short. The market throughout Chilliwack and the Fraser Valley are still active with no signs of slowing down!

We saw 62% more sales than August of 2019 with prices all 11-13% higher than they were this time last year within the Chilliwack area.
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Last months real estate market statistics:

Low inventory and increased sales are continuing to push prices up to near record highs with average detached homes climbing over 12% since July last year.

While the conditions are favoring sellers at the moment, there are still good opportunities for buyers out there, my best advice is to be as prepared as possible!

Talk to your mortgage broker or bank ahead of time to make sure they have everything prepared so you can be ready to write an offer right away when the right house is listed.

Give me a call or text at 604-798-3960 if you have any questions about market conditions!

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Looks like the real estate market is the only thing hot about this summer so far!
Massive 31% increases in sales compared to June last year, at the same time carrying a -17 to -30% decrease in active listings.
Seriously low supply, with a huge increase to demand is keeping us in a Seller's Market.
We're seeing similar conditions to when the market was at peak activity, with multiple offers, accepted offers on the first day on the market, above list price offers, etc.
With all this action, if things keep up at this rate, prices will continue to increase until things balance out.
My best advice to buyers is to be as prepared as possible! Make sure you are pre-qualified with your bank or mortgage broker so you can be ready to write an offer the moment your dream home is listed. If you wait even a day or two it might be gone!
Give me a call at 604-798-3960 if you ever have questions about buying or selling a home!
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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.