Saturday, April 4, 2009

Market Report for March 2009 - Chilliwack Real Estate

The Real Estate Market in the Chilliwack and District Real Estate Board is starting to approach normal levels.

We are increasing the amount of sales and the amount of listings is not increasing. We have seen quite a few multiple offer situations lately which means that Buyers confidence is growing and they are recognizing good deals. Sense of urgency is growing and we are getting a lot more calls for showings. Sales are still less than this time last year but we are witnessing the rise as we speak. The gap is closing. Residential sales increased by almost 40% from February 2009. New listings are down from a year ago so inventory is starting to stablize. the highest amount of sales are in the price ranges of $200,000 to $400,000. The average days that a house in on the market for the sales reported is between 45 and 60 days. Last month our averages for the sales reported was between 75 and 150 days. That is a marked improvement and I believe that is the most significant statistic. Check out our website to get more information on The Chilliwack Real Estate Market, Videos speaking on the Chilliwack area - see link See video tours of listings - see link
Come and visit and we would love to talk to you about Chilliwack Real Estate

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