Ben Truscott Real Estate Report - September 2020
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.
Ben Truscott Real Estate Report - August 2020
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.
Ben Truscott Real Estate Report - July 2020
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!