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.

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.

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.

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.

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.

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.

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.

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!