August Market Report
This is your happy home specialists bringing you the Real Estate Market Report that has been compiled from data that is distributed from the Chilliwack and District Real Estate Board.
Another strong month is behind us and all indicators are that the market is now on the move and people are taking advantage of fantastic interest rates and low prices. We are definitely witnessing signs of an upward movement in sales prices. Buyers seem to be responding with more confidence which is driving sales in an upward direction.
Over 52% of the residential sales that occurred in the month of August were in the price point of $275,000 to $500,000!! This is up from last month which saw the largest amount of residential sales between $225,000 to $400,000. Sales in the price point of $400,000 to $500,000 increased by over 30% from the month of July. This is what we have been waiting for...
Average days to sell dropped to an average of 64 days down from 72 last month so that tells us that the market is responding. We hear it loud and clear.
Total residential sales increased in dollar volume by 19% and the amount of inventory on the market is down 36% from the year prior. That is the trend that we have been experiencing this year and it is continuing which is really good news.
We are looking forward to an excellent Fall. The media seems positive but they don’t seem to understand how good it is here in Chilliwack. Well to us it is big news and we are excited to help families get into the best homes for the best price in todays market. Call us anytime if you would like more specific market information.
Talk to you next month.
Showing posts with label Chilliwack Real Estate Market. Show all posts
Showing posts with label Chilliwack Real Estate Market. Show all posts
Wednesday, September 2, 2009
Wednesday, July 8, 2009
June 2009 Chilliwack Real Estate MArket Report
Market Report for June 2009 from the Chilliwack District Real Estate Board statistics.
This is HappyHomesBC with the monthly market report taken from the Chilliwack and District Real Estate board for the month of June 2009.
Well summer is here and the temperature is heating up but so is the Chilliwack Real Estate Market. Personally we have increased our sales in our office over 30% over the last 60 days but the stats across the Chilliwack and District Real Estate Board remain active and are rising slightly.
The number of days that homes are listed on the market before selling is hovering around the 70 day mark and that was consistent with the month earlier. I think we will see that number decrease over the next couple of months. If you have listed your home this year and have not received an offer within 70 days of listing then there are 3 things that you need to consider – 1) either nobody knows about your property or 2) you are over-priced and need to think about adjusting your price or 3) you are priced in the upper echelon price point over $700,000.
For Single Family and attached town-homes we saw a slight increase in those target areas of about 10% from the year before. Total sales value was consistent with last year so prices have stabilized.
The biggest jump in sales occurred from $225,000 to $275,000. About a 28% increase in homes sold compared to the month of May. Who are those buyers? Investors and First time buyers. Welcome back you guys. Good to see you again. Interest rates were too good and you just had to get off the fence didn’t you. We are happy to see you back in the game.
Once gain for the second month in a row, - the most amount of sales were in the $300,000 to $350,000 bracket. OK now, I repeat from last month. If you have a home priced in that category and it hasn’t sold over the last 30 to 60 days then chances are you are over - priced for what you have and you are just helping other people sell their homes. We encourage you to consult with your REALTOR today to analyze where you are at.
We are looking forward to helping people get into homes over the summer and we are here to serve you. google Chilliwack Real Estate and you can find us on the internet or just type in HappyHomesBC.ca and you can learn a lot about how we can help you. Have a great July
This is HappyHomesBC with the monthly market report taken from the Chilliwack and District Real Estate board for the month of June 2009.
Well summer is here and the temperature is heating up but so is the Chilliwack Real Estate Market. Personally we have increased our sales in our office over 30% over the last 60 days but the stats across the Chilliwack and District Real Estate Board remain active and are rising slightly.
The number of days that homes are listed on the market before selling is hovering around the 70 day mark and that was consistent with the month earlier. I think we will see that number decrease over the next couple of months. If you have listed your home this year and have not received an offer within 70 days of listing then there are 3 things that you need to consider – 1) either nobody knows about your property or 2) you are over-priced and need to think about adjusting your price or 3) you are priced in the upper echelon price point over $700,000.
For Single Family and attached town-homes we saw a slight increase in those target areas of about 10% from the year before. Total sales value was consistent with last year so prices have stabilized.
The biggest jump in sales occurred from $225,000 to $275,000. About a 28% increase in homes sold compared to the month of May. Who are those buyers? Investors and First time buyers. Welcome back you guys. Good to see you again. Interest rates were too good and you just had to get off the fence didn’t you. We are happy to see you back in the game.
Once gain for the second month in a row, - the most amount of sales were in the $300,000 to $350,000 bracket. OK now, I repeat from last month. If you have a home priced in that category and it hasn’t sold over the last 30 to 60 days then chances are you are over - priced for what you have and you are just helping other people sell their homes. We encourage you to consult with your REALTOR today to analyze where you are at.
We are looking forward to helping people get into homes over the summer and we are here to serve you. google Chilliwack Real Estate and you can find us on the internet or just type in HappyHomesBC.ca and you can learn a lot about how we can help you. Have a great July
Wednesday, April 22, 2009
Radio comments on Chilliwack Real Estate Developments
I received a phone call again from the new Radio Station that is now operating in the Chilliwack region. 89.5 "The Hawk" - website: http://www.895thehawk.com/ and on Monday night an application was going through the approval process at the Chilliwack City Hall and one person mentioned that sales aren't happening so do we really need another 400 units to be built in that area. The interviewer, Jennifer Coles was looking for an answer to that statement so I was on the phone live being recorded. I thought that this is a good opportunity to maybe make people understand that they need to be part of the solution not part of the problem. Stop surrendering to the FEAR mongering that is going on!!! Think for yourselves people. The one thing that 'they' know for sure is that over 90% of the population of the world actually has the inability to reason and think for themselves when a major issue is presented to them. They will just believe what is presented to them and follow the status quo. We are being hypnotized. Smack. Wake up!!
I explained a lot of the information that is in our Chilliwack Market Report (see link below) and that is, sales are happening for properties that are priced right for today's market conditions. Prime rate just went down to a historic low....another .25% lower!!! Interest Rates locked in for 5 years are under 4% for qualified people. Prices are down 15% from 18 to 24 months ago!!! How good does it have to be? The biggest payment that people make is on their mortgage so that is a direct impact on household income. More money is made in Real Estate than anything else. Crawl out from your rocks and get buying and making a move. Get over your fears of loss and think about the future gains that you will enjoy. This is the exact time to make some Real Estate investments. Inventory is stablizing and sales are growing so we are closing the gap. The thing about Garrison Crossing on the Vedder side of the Chilliwack Municipality is that there is a major University of the Fraser Valley installing itself as we speak. There will be a major need for rentals as well as higher density units. They are literally building a village there that will provide all services for the surrounding neighborhood. The biggest amount of sales in condo's are in Garrison Crossing and also "The Flora" on Mary street which is situated on the other side of town rigth beside the Hospital. Why? High Quality - Low price. Simple.
I want to give you a link to click on to get to our "video market report" so that you can know where to go to get up-to-date market information on a quarterly basis from our website. We feel that it is extremely important that we keep the general public abreast of the statistics of our Real Estate sales activity in the Chilliwack Real Estate Market. I will let you know as they come available but for now here is the link: http://www.happyhomesbc.ca/chilliwack_statistics.html that is the place where you can get all of the stats for the recent sales activity on a monthly basis in the Chilliwack Real Estate Market. Our video report is more about taking the statistics and basically making sense of it.
We really do appreciate you visiting our blog. Please sign up as a follower so that we know if we are offering value to you.
I explained a lot of the information that is in our Chilliwack Market Report (see link below) and that is, sales are happening for properties that are priced right for today's market conditions. Prime rate just went down to a historic low....another .25% lower!!! Interest Rates locked in for 5 years are under 4% for qualified people. Prices are down 15% from 18 to 24 months ago!!! How good does it have to be? The biggest payment that people make is on their mortgage so that is a direct impact on household income. More money is made in Real Estate than anything else. Crawl out from your rocks and get buying and making a move. Get over your fears of loss and think about the future gains that you will enjoy. This is the exact time to make some Real Estate investments. Inventory is stablizing and sales are growing so we are closing the gap. The thing about Garrison Crossing on the Vedder side of the Chilliwack Municipality is that there is a major University of the Fraser Valley installing itself as we speak. There will be a major need for rentals as well as higher density units. They are literally building a village there that will provide all services for the surrounding neighborhood. The biggest amount of sales in condo's are in Garrison Crossing and also "The Flora" on Mary street which is situated on the other side of town rigth beside the Hospital. Why? High Quality - Low price. Simple.
I want to give you a link to click on to get to our "video market report" so that you can know where to go to get up-to-date market information on a quarterly basis from our website. We feel that it is extremely important that we keep the general public abreast of the statistics of our Real Estate sales activity in the Chilliwack Real Estate Market. I will let you know as they come available but for now here is the link: http://www.happyhomesbc.ca/chilliwack_statistics.html that is the place where you can get all of the stats for the recent sales activity on a monthly basis in the Chilliwack Real Estate Market. Our video report is more about taking the statistics and basically making sense of it.
We really do appreciate you visiting our blog. Please sign up as a follower so that we know if we are offering value to you.
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 http://www.happyhomesbc.ca/flash/vid3.html See video tours of listings - see link http://www.happyhomesbc.ca/videotours.php
Come and visit and we would love to talk to you about Chilliwack Real Estate
Come and visit and we would love to talk to you about Chilliwack Real Estate
Saturday, March 14, 2009
Market Report for Chilliwack, BC, Canada
Here is the Chilliwack Real Estate Market Report.
Here is a general market report with Statistics from our Board in Chilliwack BC. We are a city with a population of approximately 85,000 people and we are located within 1.5 hours from the City center of Vancouver, BC. We are fantastic community with lakes and mountains and fishing rivers all around us. We have all of the amenities that you need and we are soon to be a University town. We have a WHL hockey team called the Chilliwack Bruins. In the month of January 2009 we totalled 71 total residential sale down 45% from the previous year and about 50% of the total dollar volume. However we saw a slight upturn for the month of February because it seemed that everyone was waiting for the announcment of the Obama administration to happen at the end of January before doing anything. In February our residential sales rose to 125 which is about 43% lower than the previous year and again about 50% of the dollar volume. Already we are experiencing more activity in March and I think that we will see another upturn and get closer to the numbers. The phone is ringing and the attitude of the Buyer is transforming a little to more of a sense of urgency. We actually had a multiple offer situation the other day on one of our listings and got our client $3200 over list price! So that is exciting. To learn more about our community and about our team go to www.happyhomesbc.ca.
Here is a general market report with Statistics from our Board in Chilliwack BC. We are a city with a population of approximately 85,000 people and we are located within 1.5 hours from the City center of Vancouver, BC. We are fantastic community with lakes and mountains and fishing rivers all around us. We have all of the amenities that you need and we are soon to be a University town. We have a WHL hockey team called the Chilliwack Bruins. In the month of January 2009 we totalled 71 total residential sale down 45% from the previous year and about 50% of the total dollar volume. However we saw a slight upturn for the month of February because it seemed that everyone was waiting for the announcment of the Obama administration to happen at the end of January before doing anything. In February our residential sales rose to 125 which is about 43% lower than the previous year and again about 50% of the dollar volume. Already we are experiencing more activity in March and I think that we will see another upturn and get closer to the numbers. The phone is ringing and the attitude of the Buyer is transforming a little to more of a sense of urgency. We actually had a multiple offer situation the other day on one of our listings and got our client $3200 over list price! So that is exciting. To learn more about our community and about our team go to www.happyhomesbc.ca.
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